alstria office REIT-AG Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Olivier Elamine

Chief executive officer

€1.3m

Total compensation

CEO salary percentage	38.6%
CEO tenure	17.5yrs
CEO ownership	n/a
Management average tenure	no data
Board average tenure	2.1yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Olivier Elamine's remuneration changed compared to alstria office REIT-AG's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€1m	€500k	-€653m
Sep 30 2023	n/a	n/a	-€175m
Jun 30 2023	n/a	n/a	-€113m
Mar 31 2023	n/a	n/a	-€103m
Dec 31 2022	€2m	€500k	-€75m
Sep 30 2022	n/a	n/a	€203m
Jun 30 2022	n/a	n/a	€203m
Mar 31 2022	n/a	n/a	€204m
Dec 31 2021	€2m	€500k	€210m
Sep 30 2021	n/a	n/a	€253m
Jun 30 2021	n/a	n/a	€255m
Mar 31 2021	n/a	n/a	€166m
Dec 31 2020	€2m	€440k	€168m
Sep 30 2020	n/a	n/a	€275m
Jun 30 2020	n/a	n/a	€269m
Mar 31 2020	n/a	n/a	€555m
Dec 31 2019	€1m	€440k	€581m
Sep 30 2019	n/a	n/a	€736m
Jun 30 2019	n/a	n/a	€744m
Mar 31 2019	n/a	n/a	€550m
Dec 31 2018	€1m	€440k	€527m
Sep 30 2018	n/a	n/a	€280m
Jun 30 2018	n/a	n/a	€281m
Mar 31 2018	n/a	n/a	€298m
Dec 31 2017	€1m	€440k	€297m

Compensation vs Market: Olivier's total compensation ($USD1.39M) is about average for companies of similar size in the Austrian market ($USD1.64M).

Compensation vs Earnings: Olivier's compensation has been consistent with company performance over the past year.

CEO

Olivier Elamine (51 yo)

17.5yrs

Tenure

€1,294,000

Compensation

Mr. Olivier Elamine has been the Chief Executive Officer at alstria office REIT-AG since November 2006, Member of Management Board since October 2006 and serves as its Chairman of the Management Board. Mr....

Board Members

Name	Position	Tenure	Compensation	Ownership
Rebecca Worthington	Independent Supervisory Board Member	2.1yrs	€70.00k	no data
Jan Sucharda	Independent Vice Chairman of Supervisory Board	2.1yrs	no data	no data
Brad Hyler	Independent Chairman of the Supervisory Board	2.1yrs	no data	no data
Richard Powers	Supervisory Board Member	less than a year	no data	no data

2.1yrs

Average Tenure

56yo

Average Age

Experienced Board: AOX's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

alstria office REIT-AG Management

Management criteria checks 2/4

Key information

Recent management updates

Recent updates

Full year 2023 earnings released

New major risk - Revenue and earnings growth

alstria office REIT-AG to Report Q1, 2024 Results on May 28, 2024

Upcoming dividend of €1.41 per share at 1.5% yield

New major risk - Share price stability

Second quarter 2023 earnings released: €0.14 FFO loss per share (vs €0.18 profit in 2Q 2022)

New minor risk - Share price stability

Upcoming dividend of €0.06 per share at 1.0% yield

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released: €0.42 loss per share (vs €1.18 profit in FY 2021)

alstria office REIT-AG to Report Q1, 2023 Results on May 02, 2023

Now 22% undervalued

Third quarter 2022 earnings released: EPS: €0.16 (vs €0.16 in 3Q 2021)

Third quarter 2022 earnings released: EPS: €0.16 (vs €0.16 in 3Q 2021)

Investor sentiment improved over the past week

alstria office REIT-AG Increases Its Special Dividend Proposal

Investor sentiment deteriorated over the past week

Upcoming dividend of €2.81 per share

Now 22% undervalued after recent price drop

Second quarter 2022 earnings released

Alstria Office Reit-Ag Provides Earnings Guidance for the Year 2022

alstria office REIT-AG to Propose Special Dividend

Now 20% undervalued

Upcoming dividend of €0.04 per share

First quarter 2022 earnings released: FFO: €59.3m per share (vs €0.17 in 1Q 2021)

Investor sentiment improved over the past week

Now 23% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Now 29% undervalued after recent price drop

alstria office REIT-AG(XTRA:AOX) dropped from Germany MDAX Index (Performance)

alstria office REIT-AG Proposes Dividend for Financial Year 2021

CLS Holdings plc (LSE:CLI) agreed to acquire 98,684 sq ft Office Building in Dusseldorf from alstria office REIT-AG (XTRA:AOX).

alstria office REIT-AG to Report Nine Months, 2022 Results on Nov 08, 2022

Investor sentiment improved over the past week

Independent Supervisory Board Member has left the company

Independent Supervisory Board Member has left the company

alstria office REIT-AG Proposes Dividend

Upcoming dividend of €0.53 per share

alstria office REIT-AG Extends Leases 2,000 Square Meters in Cologne

alstria office REIT-AG to Report Fiscal Year 2020 Results on Feb 25, 2021

alstria office REIT-AG (XTRA:AOX) agreed to acquire Office property in Frankfurt for €32.6 million.

New 90-day high: €14.31

Market bids up stock over the past week

New 90-day high: €12.96

Third quarter 2020 earnings released: EPS €0.17

New 90-day low: €11.87

An unknown buyer agreed to acquire office property in Hamburg, Germany from alstria office REIT-AG (XTRA:AOX).

An unknown buyer acquired Office Property in Stuttgart, Germany from alstria office REIT-AG (XTRA:AOX).

alstria office REIT-AG to Report Q1, 2021 Results on May 04, 2021

New 90-day low: €12.11

Earnings released

Auric Investment GmbH acquired D2-Park 5 office building from alstria office REIT-AG (XTRA:AOX).

New 90-day low - €12.17

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age