A Decade of Reaching for the Top Floor: Assessing the Advancement of Women in Canadian Real Estate
DBRS Morningstar published the commentary titled, “A Decade of Reaching for the Top Floor: Assessing the Advancement of Women in Canadian Real Estate.” The commentary focuses on women’s representation at the board and executive levels of Canadian real estate entities.Some of the highlights include:
-- As of 2021, women’s representation on corporate boards increased to 33% from a simple average of 6% in 2010.
-- Over the same time period, the percentage of board committee positions held by women showed a more than fourfold increase to 37% from a simple average of 8%.
-- While progress has been made, more work needs to be done to approach parity in the C-suite, particularly regarding CEO positions.
-- Due to higher levels of scrutiny and increased disclosure requirements of publicly traded companies by multiple stakeholders, DBRS Morningstar expects to see more women at the senior levels of Canadian real estate entities in the coming years.
“Given the multiple disclosure requirements for corporations that have publicly traded securities on the Toronto Stock Exchange or that are governed by the Canadian Business Corporations Act, DBRS Morningstar expects further progress in gender diversity on corporate boards and at the executive management level,” notes Brenda Lum, Managing Director, Real Estate & Public Finance.
Allied Properties Real Estate Investment Trust is an unincorporated closed-end real estate investment trust.
First Capital Realty is engaged in the business of acquiring, developing, redeveloping, owning and operating neighbourhood and community shopping centers located predominantly in metropolitan areas in Canada. Co.'s property operations are focused in Canada. As of Dec 31 2010, Co. had interests in 179 properties, including 3 under development, totalling approx. 22.3 million sq. ft. of gross leasable area and 8 land sites in the planning stage for retail development.
RioCan Real Estate Investment Trust is a real estate investment trust. Co. is engaged in owning, developing and operating retail real estate, mixed use and office real estate. As of Dec 31 2009, Co. owned and managed a portfolio of Canadian shopping centres, with ownership interests in a portfolio of 258 retail properties, including 12 under development, containing an aggregate of over 61.7 million square feet. Co.'s Canadian portfolio of properties is concentrated around Canada's urban markets. Co. also owns properties in secondary markets, such as Kingston, Ontario and Quebec City, Quebec.
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