04/29/2010 | By Matthew Bechard
According to a special report by Forbes.com, a number of leading REIT CEOs are delivering shareholders among the biggest bang for their buck among all public companies. Ventas Inc. (NYSE: VTR) Chairman, President and CEO Debra Cafaro leads a group of eight REIT CEOs ranked in Forbes' ninth-annual CEO Performance vs. Pay Rankings.
Cafaro, who is also NAREIT chair, ranked eighth on the list. To be included on the list, the CEO must work for a company that has been public since at least April 2004, the CEO must have at least six years at the helm and at least six years of salary history with that company. Those criteria returned 189 eligible CEOs.
Joining Cafaro on the list are: Ronald Havner Jr. of Public Storage (NYSE: PSA) at No. 12; Bryce Blair of AvalonBay Communities (NYSE: AVB) at No. 19; David Simon of Simon Properties Group (NYSE: SPG) at No. 27; James Flaherty III of HCP, Inc. (NYSE: HCP) at No. 34; Michael Farrell of Annaly Capital Management at No. 55; Rick Holley of Plum Creek Timber Company (NYSE: PCL) at No. 70; and Stewart Zimmerman of MFA Financial (NYSE: MFA) at No. 71.
Once they met the eligibility requirements, the 189 CEOs were ranked based on their company stock performance relative to industry peers over the past six years, annualized stock performance during their tenure, stock performance relative to the S&P 500, and total compensation over the past six years. The complete list can be found by CLICKING HERE.
Also as part of the special report, Forbes.com also listed the 15 most powerful CEOs age 40 or under. Mark Brugger of DiamondRock Hospitality Company (NYSE: DRH) made that list.