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  "documentTitle": "US REIT sector (15 underperforming large-cap REITs)",
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  "notes": "The slide highlights a potential conflict of interest or lack of accountability by showing the specific committee members responsible for compensation at underperforming firms.",
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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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      "text": "Compensation Committee Members of Consistently Underperforming REITs",
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      "text": "The Executive Compensation Conundrum: How Much is Too Much?",
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