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  "documentTitle": "Multiple REITs (21 underperformers)",
  "authorId": "26_Land_and_Buildings",
  "authorName": "Land and Buildings",
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  "presentationDate": "2026-04-01 00:00:00",
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  "notes": "The slide uses a consistent structure for two different companies to advocate for voting against compensation committees.",
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      "text": "Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee",
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      "text": "DEA has underperformed its proxy peers... Persistent and consistent underperformance should not be rewarded... CEO Crate's total compensation is 70% above the peer group average... Annual meeting is April 22, 2026... VOTE AGAINST the compensation committee",
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      "text": "RLJ has underperformed its proxy peers... Persistent and consistent underperformance should not be rewarded... CEO Hale's total compensation is 10% above the peer group average... Annual meeting is April 24, 2026... VOTE AGAINST the compensation committee",
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      "text": "Total Shareholder Returns: -47%",
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      "text": "Source: Bloomberg, SEC Filings. Note: Performance as of 3/25/2026 and 3/26/2026.",
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      "text": "DEA Performance vs. Proxy Compensation Peers: -10%, -37%, -29%",
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      "text": "RLJ Performance vs. Proxy Compensation Peers: -12%, -38%, -47%",
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      "kind": "title",
      "text": "Easterly Government Properties ($DEA)",
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      "text": "RLJ Lodging Trust ($RLJ)",
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      "kind": "title",
      "text": "2026 Executive Compensation Halftime Report",
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