Reflecting the seismic shift on race relations that swept across the nation this summer, Ferguson Partners expanded its annual study of diversity at REITs this year to include an evaluation of how much Black leadership can be found in executive suites and on boards. 

Presented in a new report, the research shows there’s work to be done. About 3.7% of all REIT boards included in the study were led by Black directors. A slight improvement was seen on S&P 500 REIT boards, where approximately 4.9% of directors were black. However, over the past 12 months, just one new Black director was hired across all S&P 500 REITs.

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