Property investors should question pay of real-estate bigwigs
The listed property sector may have run hard between 2010 and 2017 but it has been a dismal performer since
Revelations that the take-home pay of executives at diversified landlord Arrowhead Properties increased by percentages well into the double digits in 2020 should have investors in SA’s listed property sector questioning the pay of other real estate bigwigs.
Investors should question remuneration committees and ask if executives were paid bonuses in 2020 even if they took cuts to their monthly salaries due to the pandemic. This is while property funds slashed dividends, many for the first time since listing...