David J. Neithercut is the CEO of Equity Residential, a leading real estate investment trust focused on apartment communities. He took on this role in January 2006, and since then, the company has performed really well, providing a total return...
David J. Neithercut is the CEO of Equity Residential, a leading real estate investment trust focused on apartment communities. He took on this role in January 2006, and since then, the company has performed really well, providing a total return to its shareholders of 73.8%, which outpaced the S&P 500 and other real estate indexes. Under his leadership, Equity Residential has focused on sustainable growth, strategically buying and selling properties to improve its portfolio. Neithercut's experience includes working as the company's Chief Financial Officer, where he learned the ins and outs of managing finances in the real estate sector. By 2023, he made over $11 million in compensation, showing how his performance directly affects his pay. Interestingly, he has a history of engaging in significant insider trading, with transactions reaching up to $28 million in one month alone. This shows he has skin in the game. Neithercut’s approach often balances between tactical decision-making and long-term goals, ensuring the company adapts to market changes while maintaining robust operational performance.