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  "documentTitle": "US REIT sector (15 underperforming large-cap REITs)",
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  "notes": "The table highlights a disconnect between poor shareholder returns and high executive compensation.",
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      "text": "To ensure equitable and effective executive compensation, we believe a board's Compensation Committee must prioritize the following:",
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      "text": "Solicit and integrate shareholder perspectives; Identify truly comparable companies; Deemphasize market cap driven comparisons; Implement robust accountability measures; Acknowledge the disparity between general employee annual reviews and CEO compensation.",
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      "text": "Total Shareholder Returns: 15",
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      "text": "Source: Bloomberg, Company SEC Filings; Note: Performance as of 3/31/2025; 2024 Proxy Compensation Peers consistent with disclosure in 2025 proxy.",
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