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  "docSlug": "be2b089ae734",
  "documentTitle": "Multiple REITs (21 underperformers)",
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  "authorName": "Land and Buildings",
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  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2026-04-01 00:00:00",
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  "notes": "Uses a 'Proxy Compensation Spotlight' format to highlight specific companies and their CEO compensation relative to TSR.",
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      "kind": "callout",
      "text": "Shareholders frustrated by the excessive compensation and poor performance can VOTE AGAINST the compensation committee",
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      "text": "Source: Bloomberg, Healthpeak Properties SEC Filings... The foregoing was created with the assistance of AI and may contain errors. L&B has a position in DOC.",
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      "kind": "disclaimer",
      "text": "Source: Bloomberg, VICI Properties SEC Filings... The foregoing was created with the assistance of AI and may contain errors.",
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      "kind": "list",
      "text": "DOC has underperformed its proxy peers... Persistent and consistent underperformance should not be rewarded... Annual meeting is April 30, 2026... VOTE AGAINST the compensation committee",
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      "kind": "list",
      "text": "VICI has underperformed its proxy peers... Persistent and consistent underperformance should not be rewarded... Annual meeting is April 28, 2026... VOTE AGAINST the compensation committee",
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      "text": "Total Shareholder Returns: -67%",
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      "text": "DOC Performance vs. Proxy Compensation Peers: -16%, -46%, -67%",
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      "text": "VICI Performance vs. Proxy Compensation Peers: -16%, -25%, -4%",
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      "text": "VICI Properties ($VICI)",
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      "kind": "title",
      "text": "2026 Executive Compensation Halftime Report",
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