Tricon Residential Management
Management criteria checks 2/4
Tricon Residential's CEO is Gary Berman, appointed in Mar 2015, has a tenure of 9.08 years. total yearly compensation is $19.81M, comprised of 4.1% salary and 95.9% bonuses, including company stock and options. directly owns 0.44% of the company’s shares, worth CA$19.90M. The average tenure of the management team and the board of directors is 8 years and 9.4 years respectively.
Key information
Gary Berman
Chief executive officer
US$19.8m
Total compensation
| CEO salary percentage | 4.1% |
| CEO tenure | 9.1yrs |
| CEO ownership | 0.4% |
| Management average tenure | 8yrs |
| Board average tenure | 9.4yrs |
Recent management updates
Recent updates
Tricon Residential (TSE:TCN) Takes On Some Risk With Its Use Of Debt
Jan 13
When Should You Buy Tricon Residential Inc. (TSE:TCN)?
Dec 14Is Tricon Residential (TSE:TCN) A Risky Investment?
Oct 10Is Now The Time To Look At Buying Tricon Residential Inc. (TSE:TCN)?
Aug 31Tricon Residential Inc. (TSE:TCN) Shares Could Be 22% Below Their Intrinsic Value Estimate
Jul 25Is Tricon Residential (TSE:TCN) A Risky Investment?
Jun 04Is It Too Late To Consider Buying Tricon Residential Inc. (TSE:TCN)?
Apr 06With EPS Growth And More, Tricon Residential (TSE:TCN) Makes An Interesting Case
Mar 07At CA$13.75, Is Tricon Residential Inc. (TSE:TCN) Worth Looking At Closely?
Jul 25I Ran A Stock Scan For Earnings Growth And Tricon Residential (TSE:TCN) Passed With Ease
Jun 11Are Investors Undervaluing Tricon Residential Inc. (TSE:TCN) By 22%?
May 30Is Tricon Residential (TSE:TCN) Using Too Much Debt?
May 18Is Now An Opportune Moment To Examine Tricon Residential Inc. (TSE:TCN)?
Apr 07Here's Why I Think Tricon Residential (TSE:TCN) Is An Interesting Stock
Feb 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | US$114m |
| Sep 30 2023 | n/a | n/a | US$206m |
| Jun 30 2023 | n/a | n/a | US$293m |
| Mar 31 2023 | n/a | n/a | US$652m |
| Dec 31 2022 | US$20m | US$808k | US$774m |
| Sep 30 2022 | n/a | n/a | US$829m |
| Jun 30 2022 | n/a | n/a | US$835m |
| Mar 31 2022 | n/a | n/a | US$563m |
| Dec 31 2021 | US$8m | US$838k | US$455m |
| Sep 30 2021 | n/a | n/a | US$421m |
| Jun 30 2021 | n/a | n/a | US$300m |
| Mar 31 2021 | n/a | n/a | US$198m |
| Dec 31 2020 | US$4m | US$671k | US$110m |
| Sep 30 2020 | n/a | n/a | US$80m |
| Jun 30 2020 | n/a | n/a | US$59m |
| Mar 31 2020 | n/a | n/a | US$41m |
| Dec 31 2019 | US$5m | US$622k | US$112m |
| Sep 30 2019 | n/a | n/a | US$111m |
| Jun 30 2019 | n/a | n/a | US$113m |
| Mar 31 2019 | n/a | n/a | US$121m |
| Dec 31 2018 | US$3m | US$618k | US$193m |
| Sep 30 2018 | n/a | n/a | US$174m |
| Jun 30 2018 | n/a | n/a | US$196m |
| Mar 31 2018 | n/a | n/a | US$153m |
| Dec 31 2017 | US$4m | US$540k | US$63m |
Compensation vs Market: Gary's total compensation ($USD19.81M) is above average for companies of similar size in the Canadian market ($USD3.54M).
Compensation vs Earnings: Gary's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Gary Berman (48 yo)
9.1yrs
Tenure
Mr. Gary Berman has been the Chief Executive Officer and President of Tricon Residential Inc. (Formerly, Tricon Capital Group Inc.) since March 10, 2015. He is involved in overseeing all aspects of Tricon'...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 14.3yrs | no data | 1.44% $ 65.5m | |
| President | 9.1yrs | no data | 0.44% $ 19.9m | |
| Co-Founder & Non Independent Director | 36.3yrs | no data | 0.27% $ 12.3m | |
| Executive VP & CFO | 8.7yrs | no data | 0.016% $ 733.3k | |
| Executive VP & COO | 3.9yrs | no data | 0.035% $ 1.6m | |
| Executive VP & Chief Investment Officer | 3.9yrs | no data | 0.049% $ 2.2m | |
| Executive VP | 9.4yrs | no data | 0.0030% $ 137.4k | |
| Executive VP & Chief People Officer | 3.9yrs | no data | 0.0033% $ 151.0k | |
| MD & Head of Multi-Family Investments | 4.3yrs | no data | 0.0022% $ 98.7k | |
| Senior MD of Investments & Chief Sustainability Officer | 7.3yrs | no data | 0% $ 0 | |
| Chief Accounting Officer | no data | no data | 0% $ 0 | |
| Chief Technology Officer | no data | no data | no data |
8.0yrs
Average Tenure
61yo
Average Age
Experienced Management: TCN's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-Founder & Executive Chairman | 14.3yrs | no data | 1.44% $ 65.5m | |
| President | 9.9yrs | no data | 0.44% $ 19.9m | |
| Co-Founder & Non Independent Director | 14.3yrs | no data | 0.27% $ 12.3m | |
| Independent Director | 3.6yrs | US$138.00k | no data | |
| Lead Independent Director | 9.9yrs | no data | 0.022% $ 997.1k | |
| Independent Director | 12.9yrs | US$160.00k | 0.0076% $ 348.0k | |
| Independent Director | 7.4yrs | no data | 0.0034% $ 152.4k | |
| Independent Director | 8.9yrs | no data | 0.0025% $ 115.1k | |
| Independent Director | 5.7yrs | no data | 0.012% $ 561.3k | |
| Independent Director | 2.8yrs | US$144.00k | 0.0075% $ 338.9k |
9.4yrs
Average Tenure
72.5yo
Average Age
Experienced Board: TCN's board of directors are considered experienced (9.4 years average tenure).