Morguard Management

How has Kuldip Sahi's remuneration changed compared to Morguard's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	CA$3m	CA$1m	CA$74m
Sep 30 2023	n/a	n/a	-CA$322m
Jun 30 2023	n/a	n/a	-CA$261m
Mar 31 2023	n/a	n/a	-CA$118m
Dec 31 2022	CA$3m	CA$1m	CA$123m
Sep 30 2022	n/a	n/a	CA$621m
Jun 30 2022	n/a	n/a	CA$657m
Mar 31 2022	n/a	n/a	CA$441m
Dec 31 2021	CA$3m	CA$1m	CA$250m
Sep 30 2021	n/a	n/a	CA$72m
Jun 30 2021	n/a	n/a	-CA$35m
Mar 31 2021	n/a	n/a	-CA$117m
Dec 31 2020	CA$3m	CA$1m	-CA$99m
Sep 30 2020	n/a	n/a	CA$48m
Jun 30 2020	n/a	n/a	CA$52m
Mar 31 2020	n/a	n/a	CA$187m
Dec 31 2019	CA$3m	CA$1m	CA$187m
Sep 30 2019	n/a	n/a	CA$183m
Jun 30 2019	n/a	n/a	CA$231m
Mar 31 2019	n/a	n/a	CA$237m
Dec 31 2018	CA$3m	CA$1m	CA$320m
Sep 30 2018	n/a	n/a	CA$354m
Jun 30 2018	n/a	n/a	CA$335m
Mar 31 2018	n/a	n/a	CA$411m
Dec 31 2017	CA$3m	CA$1m	CA$310m

Compensation vs Market: Kuldip's total compensation ($USD2.31M) is above average for companies of similar size in the Canadian market ($USD1.77M).

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

CEO

Kuldip Sahi (76 yo)

33.8yrs

Tenure

CA$3,162,165

Compensation

Mr. Kuldip Rai Sahi, FCA, FCPA, FCGA, has been the Chief Executive Officer of Morguard Real Estate Investment Trust since July 31, 2001 and has been its President since October 21, 2005 and has been its Tr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Kuldip Sahi	Chairman & CEO	no data	CA$3.16m	61.88% CA$ 742.7m
Angela Sahi	President	less than a year	CA$613.27k	no data
Paul Miatello	Senior VP & CFO	17.1yrs	CA$678.82k	0.097% CA$ 1.2m
John Talano	Senior Vice President of Morguard Management	no data	CA$809.34k	no data
David Wyatt	Senior Vice President of Retail Leasing & Operations - MIL	no data	CA$559.69k	no data
Beverley Flynn	Senior VP	19.6yrs	no data	0.037% CA$ 444.0k
Pamela McLean	Senior VP of Finance & CFO of Services MIL	no data	no data	no data
Andrew Tamlin	Chief Financial Officer of MRT	no data	no data	no data
Margaret Knowles	Senior Vice President of Development - Morguard Investments Limited	no data	CA$385.82k	no data
Brian Athey	Vice President of Development	no data	no data	no data
George Schott	President & COO of Morguard Investments Ltd.	9yrs	CA$383.19k	no data
Patrick Seward	Vice President of Planning & Corporate Development	no data	no data	no data

13.0yrs

Average Tenure

Experienced Management: MRC's management team is seasoned and experienced (13 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kuldip Sahi	Chairman & CEO	33.8yrs	CA$3.16m	61.88% CA$ 742.7m
Angela Sahi	President	7yrs	CA$613.27k	no data
Chris Cahill	Independent Director	9yrs	CA$50.00k	0.029% CA$ 349.6k
William Braithwaite	Independent Director	4yrs	CA$54.00k	0.028% CA$ 333.0k
Bruce Robertson	Lead Independent Director	14yrs	CA$103.00k	0.27% CA$ 3.2m
Stephen Taylor	Independent Director	3.8yrs	CA$67.39k	0.21% CA$ 2.5m
Leonard Sharpe	Independent Director	13.5yrs	CA$57.50k	0.028% CA$ 333.0k

9.0yrs

Average Tenure

70yo

Average Age

Experienced Board: MRC's board of directors are considered experienced (9 years average tenure).

Morguard Management

Management criteria checks 3/4

Key information

Recent management updates

Morguard Corporation Announces Appointment of Angela Sahi as President and Chief Operating Officer

Morguard Corporation, Annual General Meeting, May 08, 2024

Insufficient new directors

Lead Independent Director recently bought CA$540k worth of stock

Lead Independent Director recently bought CA$363k worth of stock

Morguard Corporation, Annual General Meeting, May 04, 2022

Recent updates

Morguard Corporation Announces Appointment of Angela Sahi as President and Chief Operating Officer

Upcoming dividend of CA$0.15 per share

Fourth quarter dividend of CA$0.15 announced

Full year 2023 earnings released: EPS: CA$6.80 (vs CA$11.08 in FY 2022)

Morguard Corporation, Annual General Meeting, May 08, 2024

Upcoming dividend of CA$0.15 per share at 0.6% yield

Third quarter 2023 earnings released: EPS: CA$0.51 (vs CA$6.02 in 3Q 2022)

Morguard Corporation Announces Regular Fourth Quarterly Eligible Dividend of 2023, Payable on December 29, 2023

Upcoming dividend of CA$0.15 per share at 0.6% yield

Second quarter 2023 earnings released: EPS: CA$8.19 (vs CA$20.97 in 2Q 2022)

Upcoming dividend of CA$0.15 per share at 0.6% yield

Insufficient new directors

First quarter 2023 earnings released: CA$3.15 loss per share (vs CA$18.58 profit in 1Q 2022)

Upcoming dividend of CA$0.15 per share at 0.5% yield

Full year 2022 earnings released: EPS: CA$11.08 (vs CA$22.50 in FY 2021)

Why Morguard Corporation (TSE:MRC) Could Be Worth Watching

Lead Independent Director recently bought CA$540k worth of stock

Upcoming dividend of CA$0.15 per share

Price target decreased to CA$150

Third quarter 2022 earnings released: EPS: CA$6.02 (vs CA$9.25 in 3Q 2021)

Morguard Corporation Announced Fourth Quarter Dividend, Payable on December 30, 2022

Price target increased to CA$175

Upcoming dividend of CA$0.15 per share

What Is Morguard Corporation's (TSE:MRC) Share Price Doing?

Second quarter 2022 earnings released: EPS: CA$20.97 (vs CA$1.49 in 2Q 2021)

Morguard Corporation Announces Third Quarter Dividend, Payable on September 29, 2022

Price target decreased to CA$173

Lead Independent Director recently bought CA$363k worth of stock

Upcoming dividend of CA$0.15 per share

First quarter 2022 earnings released: EPS: CA$18.58 (vs CA$1.37 in 1Q 2021)

An unknown buyer acquired Two Hotels Located in Thunder Bay, Ontario from Morguard Corporation (TSX:MRC) for CAD 18.1 million

Morguard Corporation Declares Dividend for the Second Quarter of 2022, Payable on June 30, 2022

Upcoming dividend of CA$0.15 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Morguard Corporation Declares Dividend for the First Quarter of 2022, Payable on March 31, 2022

Morguard Corporation, Annual General Meeting, May 04, 2022

Here's Why Morguard (TSE:MRC) Is Weighed Down By Its Debt Load

Upcoming dividend of CA$0.15 per share

Third quarter 2021 earnings released: EPS CA$9.25 (vs CA$0.41 loss in 3Q 2020)

Upcoming dividend of CA$0.15 per share

Lead Independent Director recently bought CA$266k worth of stock

Second quarter 2021 earnings released: EPS CA$1.48 (vs CA$5.82 loss in 2Q 2020)

Upcoming dividend of CA$0.15 per share

Is Morguard (TSE:MRC) A Risky Investment?

First quarter 2021 earnings released: EPS CA$1.37 (vs CA$2.97 in 1Q 2020)

Morguard Corporation Announces Second Quarterly, Eligible Dividend of 2021, Payable on June 30, 2021

We Discuss Why Morguard Corporation's (TSE:MRC) CEO Compensation May Be Closely Reviewed

Lead Independent Director recently bought CA$590k worth of stock

Lead Independent Director recently bought CA$600k worth of stock

Is There Now An Opportunity In Morguard Corporation (TSE:MRC)?

An unknown buyer acquired a Hotel Located in Sydney, Nova Scotia from Morguard Corporation (TSX:MRC) for CAD 10.8 million.

Upcoming Dividend of CA$0.15 Per Share

Full year 2020 earnings released

What You Need To Know About Morguard Corporation's (TSE:MRC) Investor Composition

Morguard Corporation, Annual General Meeting, May 05, 2021

New 90-day low: CA$108

Does Morguard (TSE:MRC) Have A Healthy Balance Sheet?

If You Had Bought Morguard's (TSE:MRC) Shares A Year Ago You Would Be Down 43%

Are Morguard's (TSE:MRC) Statutory Earnings A Good Reflection Of Its Earnings Potential?

When Should You Buy Morguard Corporation (TSE:MRC)?

Have Insiders Sold Morguard Corporation (TSE:MRC) Shares Recently?

Director recently sold CA$59k worth of stock

Do Insiders Own Lots Of Shares In Morguard Corporation (TSE:MRC)?

Third quarter 2020 earnings released: CA$0.42 loss per share

New 90-day low: CA$96.25

Independent Director recently bought CA$51k worth of stock

Independent Director recently bought CA$51k worth of stock

New 90-day low: CA$101

New 90-day low: CA$109