It would seem that no matter how we tried to improve governance to promote the healthy growth of particular sector, there may still be a way to game the system. There have been much news by policy makers in response to better aligned REIT managers to promote the alignment of corporate business decisions made and that of shareholders interest. One of the more prevalent one is the shift on management fee from based on assets under management, net property income to that of improvement to dividend per share. Since what investors are looking for is the manager buying and selling properties that generates higher dividend per share and capital gains, these should be the metrics that are aligned to. However, would this still be to the detriment of shareholders? I notice 2 case study from 2 industrial REITs amongst my Dividend Stock Tracker that we can examine. Soilbuild REIT ......