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Six CEOs of Real Estate Firms Listed Among World’s Best-Performing by HBR

Debra Cafaro CEO of Ventas was only one of two women listed on the entire list.

Credit: NYU Photo Bureau, Elena Olivo

Six CEOs of North American real estate firms were included in the most recent Harvard Business Review annual list of the 100 best-performing CEOs.

The list, which appears in HBR’s November-December issue, differs from other business leader rankings in that it measures performance for the entire length of a chief executive’s tenure rather than a specifc period of time.

“We think it’s important to recognize leaders who are delivering strong financial performance and creating sustainable businesses over the long term – not just quarter to quarter,” said Adi Ignatius, HBR editor in chief.

To compile the list, HBR looked at CEOs of the S&P Global 1200 as of April 30, 2017, and calculated overall shareholder return and increase in market capitalization over their entire tenure.

The real estate CEOs recognized by the HBR are:

No. 43: Hamid Moghadam, Prologis

#50: Debra Cafaro, Ventas

#51: David Simon, Simon Property Group

#73: Bruce Flatt, Brookfield Asset Management

#79: James Taiclet Jr., American Tower

#92: Stephen Smith, Equinix

The top-rated CEO was Pablo Isla, head of Spanish retailer Inditex, best known for its flagship fashion brand Zara. Isla has led Inditex on a global expansion since becoming CEO in 2005, increasing its market value sevenfold and making it Spain’s most valuable company. Today the company’s eight brands have 7,300 stores in 93 countries.

Amazon CEO Jeff Bezos, who is ranked #71, still leads all other CEOs based on purely financial metrics.

On average, the world’s 100 best CEOs have generated a 2,507% overall return on their stock (adjusted for exchange-rate effects), for a 21% annual return.

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