Choice Properties Real Estate Investment Trust Management
Management criteria checks 3/4
Choice Properties Real Estate Investment Trust's CEO is Rael Diamond, appointed in May 2019, has a tenure of 4.92 years. total yearly compensation is CA$4.19M, comprised of 19.2% salary and 80.8% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth CA$13.73M. The average tenure of the management team and the board of directors is 1.3 years and 3.6 years respectively.
Key information
Rael Diamond
Chief executive officer
CA$4.2m
Total compensation
| CEO salary percentage | 19.2% |
| CEO tenure | 4.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.3yrs |
| Board average tenure | 3.6yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | CA$4m | CA$807k | CA$797m |
| Sep 30 2023 | n/a | n/a | CA$663m |
| Jun 30 2023 | n/a | n/a | CA$1b |
| Mar 31 2023 | n/a | n/a | CA$628m |
| Dec 31 2022 | CA$4m | CA$780k | CA$744m |
| Sep 30 2022 | n/a | n/a | CA$1b |
| Jun 30 2022 | n/a | n/a | CA$376m |
| Mar 31 2022 | n/a | n/a | CA$472m |
| Dec 31 2021 | CA$3m | CA$770k | CA$23m |
| Sep 30 2021 | n/a | n/a | CA$303m |
| Jun 30 2021 | n/a | n/a | CA$236m |
| Mar 31 2021 | n/a | n/a | CA$56m |
| Dec 31 2020 | CA$3m | CA$750k | CA$451m |
| Sep 30 2020 | n/a | n/a | CA$627m |
| Jun 30 2020 | n/a | n/a | CA$319m |
| Mar 31 2020 | n/a | n/a | CA$654m |
| Dec 31 2019 | CA$3m | CA$684k | -CA$581m |
| Sep 30 2019 | n/a | n/a | -CA$594m |
| Jun 30 2019 | n/a | n/a | -CA$320m |
| Mar 31 2019 | n/a | n/a | -CA$880m |
| Dec 31 2018 | CA$2m | CA$540k | CA$650m |
| Sep 30 2018 | n/a | n/a | CA$404m |
| Jun 30 2018 | n/a | n/a | CA$645m |
| Mar 31 2018 | n/a | n/a | CA$1b |
| Dec 31 2017 | CA$2m | CA$525k | CA$404m |
Compensation vs Market: Rael's total compensation ($USD3.06M) is about average for companies of similar size in the Canadian market ($USD3.58M).
Compensation vs Earnings: Rael's compensation has been consistent with company performance over the past year.
CEO
Rael Diamond (46 yo)
4.9yrs
Tenure
CA$4,193,075
Compensation
Mr. Rael Lee Diamond, CA, CPA, has been Director at Choice Properties Real Estate Investment Trust since April 25, 2023 and its President and Chief Executive Officer since May 1, 2019 and had been its Chie...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.9yrs | CA$4.19m | 0.32% CA$ 13.7m | |
| Chief Financial Officer | 5.9yrs | CA$1.69m | 0.097% CA$ 4.2m | |
| COO and Executive VP of Development & Construction | less than a year | CA$1.80m | 0.022% CA$ 954.6k | |
| VP, General Counsel & Secretary | 1.3yrs | CA$768.44k | 0.0053% CA$ 229.0k | |
| Senior Vice President of Commercial Development | no data | CA$1.04m | no data | |
| Senior Vice President of Finance | less than a year | no data | no data | |
| Vice President of Sustainability & Placemaking | 1.3yrs | no data | no data | |
| Senior Vice President of Construction | 1.3yrs | no data | no data | |
| Senior Vice President of Operational Accounting & Technology Solutions | less than a year | no data | no data |
1.3yrs
Average Tenure
Experienced Management: CHP.UN's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | less than a year | CA$4.19m | 0.32% CA$ 13.7m | |
| Independent Lead Trustee | 11.3yrs | CA$165.00k | 0.0031% CA$ 130.8k | |
| Independent Trustee | 5.9yrs | CA$147.00k | 0.0012% CA$ 50.6k | |
| Independent Trustee | 3.6yrs | CA$148.00k | no data | |
| Independent Trustee | 5.9yrs | CA$163.22k | 0.0048% CA$ 205.4k | |
| Independent Trustee | 4.9yrs | CA$148.00k | 0.00071% CA$ 30.4k | |
| Independent Trustee | 4.9yrs | CA$147.00k | 0.0076% CA$ 327.2k | |
| Independent Trustee | less than a year | CA$101.38k | no data | |
| Chairman of the Board | 3yrs | CA$165.00k | 0.013% CA$ 551.1k | |
| Trustee | 2yrs | CA$135.00k | no data | |
| Independent Trustee | 1.8yrs | CA$148.00k | 0.0050% CA$ 213.1k |
3.6yrs
Average Tenure
65yo
Average Age
Experienced Board: CHP.UN's board of directors are considered experienced (3.6 years average tenure).