[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

@JonLitt "Prologis $PLD CEO Hamid Moghadam called out discounted valuations in the public market on its earnings call - we agree. L&B has a position in PLD"
X Link @JonLitt 2023-04-19T13:29Z 4873 followers, 4122 engagements

"Today's Proxy Compensation Spotlight Paying up for underperformance: AvalonBay Communities $AVB - AVB has underperformed its proxy peers cited in their filings on a trailing 1- 3- and 5- year basis on total shareholder returns (TSR). The underperformance is not an anomaly and we believe AVB has been a chronic underperformer. - Persistent and consistent underperformance should not be rewarded with multi-million dollar pay packages with CEO Benjamin Schall 2024 total compensation of $XXX million down from $XXX million in 2023 in our view. - Annual meeting is May XX. - The best way for"
X Link @JonLitt 2025-05-07T18:08Z 4874 followers, 2027 engagements

"L&B White Paper: The Executive Compensation All Stars Link to white paper: Welltower $WELL and Iron Mountain $IRM are All Stars in REITs generating consistent outperformance to proxy peers. A combination of tailwinds in their core businesses and effective management likely played roles in their strong results. Given significant shareholder value creation we are confident these executives have earned their compensation"
X Link @JonLitt 2025-06-24T13:26Z 4873 followers, 1578 engagements

"Today's Proxy Compensation Spotlight Paying up for underperformance: Host Hotels & Resorts $HST - HST has underperformed its proxy peers cited in their filings on a trailing 1- 3- and 5- year basis on total shareholder returns (TSR). The underperformance is not an anomaly and we believe HST has been a chronic underperformer. - Persistent and consistent underperformance should not be rewarded with multi-million dollar pay packages with CEO James Risoleo 2024 total compensation of $XXXX million down from $XXXX million in 2023 in our view. - Annual meeting is May XX. - The best way for"
X Link @JonLitt 2025-05-02T14:27Z 4873 followers, 1339 engagements

"We believe it's time for Six Flags to maximize value for shareholders by creating a $FUN REIT or selling its real estate. Third time's a charm: in late 2022 we pushed for a real estate sale expecting a XX% uplift on legacy SIX a few months later shares were up XX% and then over the summer of 2023 we again pushed for a real estate monetization but the board choose to sell the company to Cedar Fair. We opposed the merger and now the shares are down over XX% YTD. Today's valuation is shockingly low likely due to self-inflicted damage following the merger and extremely poor weather. The company"
X Link @JonLitt 2025-09-26T12:44Z 4873 followers, 2345 engagements

"Today's Proxy Compensation Spotlight Paying down for underperformance: Sun Communities $SUI - SUI has underperformed its proxy peers cited in their filings on a trailing 1- 3- and 5- year basis on total shareholder returns (TSR). The underperformance is not an anomaly and we believe SUI has been a chronic underperformer. - We are encouraged to see the board respond to recent poor performance with a significant reduction in 2024 compensation to CEO Gary Shiffman. 2024 total compensation for Shiffman was reduced to $XXX million down sharply from $XXXX million in 2023. The board is currently in"
X Link @JonLitt 2025-05-05T18:14Z 4874 followers, 1600 engagements

"JP Morgan's Tony Paolone lowered his Alexandria Real Estate $ARE 2026 FFO estimate XX% to $XXXX well below consensus of $XXXX. He estimated capitalized interest will have to be expensed on $XXX billion of assets (out of $XXX billion total future development) that will be no longer viable for further development spend. With no reduction of capitalized G&A of $XXX million or capitalized property operating expenses of $XXX million contemplated in JPM's estimate there is another $XXXX of FFO/share at risk in the near-term in our view. We expect to see consensus FFO estimates continue to freefall."
X Link @JonLitt 2025-05-21T14:07Z 4873 followers, 3496 engagements

"Today's Proxy Compensation Spotlight Paying up for underperformance: SBA Communications $SBAC - SBAC has underperformed its proxy peers cited in their filings on a trailing 1- 3- and 5- year basis on total shareholder returns (TSR). The underperformance is not an anomaly and we believe SBAC has been a chronic underperformer. - Persistent and consistent underperformance should not be rewarded with multi-million dollar pay packages. Jeffrey Stoops who stepped down as CEO at the end of 2023 after receiving $XXXX million that year was succeeded by Brendan Cavanagh on January X 2024 whose total"
X Link @JonLitt 2025-05-08T13:19Z 4874 followers, 1087 engagements

"Today's Proxy Compensation Spotlight Paying up for underperformance: Rexford Industrial Realty $REXR - REXR has underperformed its proxy peers cited in their filings on a trailing 1- 3- and 5- year basis on total shareholder returns (TSR). - Persistent and consistent underperformance should not be rewarded with multi-million dollar pay packages. Rexford Co-CEOs Howard Schwimmer and Michael Frankel each earned $XXXX million combined in 2024 down slightly from $XXXX million combined in 2023. Compensation is egregious when considering the combined compensation of the company's two CEOs in our"
X Link @JonLitt 2025-05-08T18:03Z 4874 followers, 1963 engagements