Firm Capital Property Trust Management

Management criteria checks 3/4

Firm Capital Property Trust's CEO is Bob McKee, appointed in Jan 2012, has a tenure of 12.33 years. total yearly compensation is CA$511.87K, comprised of 95.2% salary and 4.8% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth CA$732.49K. The average tenure of the management team and the board of directors is 12.3 years and 12.3 years respectively.

Key information

Bob McKee

Chief executive officer

CA$511.9k

Total compensation

CEO salary percentage	95.2%
CEO tenure	12.3yrs
CEO ownership	0.4%
Management average tenure	12.3yrs
Board average tenure	12.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Bob McKee's remuneration changed compared to Firm Capital Property Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	CA$15m
Sep 30 2023	n/a	n/a	CA$17m
Jun 30 2023	n/a	n/a	CA$25m
Mar 31 2023	n/a	n/a	-CA$1m
Dec 31 2022	CA$512k	CA$487k	-CA$1m
Sep 30 2022	n/a	n/a	-CA$3m
Jun 30 2022	n/a	n/a	CA$1m
Mar 31 2022	n/a	n/a	CA$54m
Dec 31 2021	CA$432k	CA$432k	CA$58m
Sep 30 2021	n/a	n/a	CA$65m
Jun 30 2021	n/a	n/a	CA$59m
Mar 31 2021	n/a	n/a	CA$31m
Dec 31 2020	CA$362k	CA$356k	CA$16m
Sep 30 2020	n/a	n/a	CA$23m
Jun 30 2020	n/a	n/a	CA$23m
Mar 31 2020	n/a	n/a	CA$28m
Dec 31 2019	CA$756k	CA$706k	CA$36m
Sep 30 2019	n/a	n/a	CA$18m
Jun 30 2019	n/a	n/a	CA$17m
Mar 31 2019	n/a	n/a	CA$12m
Dec 31 2018	CA$305k	CA$290k	CA$16m
Sep 30 2018	n/a	n/a	CA$18m
Jun 30 2018	n/a	n/a	CA$19m
Mar 31 2018	n/a	n/a	CA$20m
Dec 31 2017	CA$284k	CA$284k	CA$16m

Compensation vs Market: Bob's total compensation ($USD372.03K) is above average for companies of similar size in the Canadian market ($USD174.31K).

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

CEO

Bob McKee (60 yo)

12.3yrs

Tenure

CA$511,867

Compensation

Mr. Robert McKee, also known as Bob, serves as the Chief Executive Officer and President of Firm Capital Property Trust. Mr. McKee has been Managing Director of Capital Realty Partners Inc. since October 2...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert McKee	President	12.3yrs	CA$511.87k	0.40% CA$ 732.5k
Eli Dadouch	Vice Chairman & Co-Chief Investment Officer	12.3yrs	no data	2.34% CA$ 4.3m
Sandy Poklar	CFO & Non-Independent Trustee	12.3yrs	CA$278.92k	0.38% CA$ 696.5k
Jonathan Mair	Co-Chief Investment Officer & Non-Independent Trustee	no data	no data	0.43% CA$ 788.1k
Victoria Granovski	Secretary & Trustee	3.3yrs	no data	0.015% CA$ 27.5k

12.3yrs

Average Tenure

Experienced Management: FCD.UN's management team is seasoned and experienced (12.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert McKee	President	12.3yrs	CA$511.87k	0.40% CA$ 732.5k
Eli Dadouch	Vice Chairman & Co-Chief Investment Officer	12.3yrs	no data	2.34% CA$ 4.3m
Sandy Poklar	CFO & Non-Independent Trustee	12.3yrs	CA$278.92k	0.38% CA$ 696.5k
Jonathan Mair	Co-Chief Investment Officer & Non-Independent Trustee	12.3yrs	no data	0.43% CA$ 788.1k
Victoria Granovski	Secretary & Trustee	5.8yrs	no data	0.015% CA$ 27.5k
Manfred Walt	Independent Trustee	12.3yrs	CA$61.46k	no data
Howard Smuschkowitz	Independent Trustee	12.3yrs	CA$61.46k	1.97% CA$ 3.6m
Geoffrey Bledin	Independent Trustee	12.3yrs	CA$61.46k	2.1% CA$ 3.9m
Stanley Goldfarb	Independent Chairman of the Board	12.3yrs	CA$65.96k	0.20% CA$ 365.0k
Lawrence Shulman	Independent Trustee	12.3yrs	CA$61.46k	0.31% CA$ 563.5k
Jeffrey Goldfarb	Independent Trustee	5.8yrs	CA$61.46k	0.072% CA$ 132.4k

12.3yrs

Average Tenure

69yo

Average Age

Experienced Board: FCD.UN's board of directors are seasoned and experienced ( 12.3 years average tenure).

Firm Capital Property Trust Management

Management criteria checks 3/4

Key information

Recent management updates

Firm Capital Property Trust, Annual General Meeting, Jun 20, 2024

Independent Trustee recently bought CA$280k worth of stock

Independent Trustee recently bought CA$195k worth of stock

Independent Trustee recently bought CA$129k worth of stock

Independent Trustee recently bought CA$221k worth of stock

Insufficient new directors

Recent updates

Dividend of CA$0.043 announced

Firm Capital Property Trust, Annual General Meeting, Jun 20, 2024

Upcoming dividend of CA$0.043 per share

Dividend of CA$0.043 announced

Upcoming dividend of CA$0.043 per share

New minor risk - Dividend sustainability

Full year 2023 earnings released

Dividend of CA$0.043 announced

Upcoming dividend of CA$0.043 per share

Dividend of CA$0.043 announced

Upcoming dividend of CA$0.043 per share at 11% yield

Price target decreased by 13% to CA$5.00

Upcoming dividend of CA$0.043 per share at 11% yield

Independent Trustee recently bought CA$280k worth of stock

Upcoming dividend of CA$0.043 per share at 10% yield

Independent Trustee recently bought CA$195k worth of stock

Third quarter 2023 earnings released

Price target decreased by 12% to CA$5.38

Upcoming dividend of CA$0.043 per share at 10% yield

Upcoming dividend of CA$0.043 per share at 9.7% yield

Upcoming dividend of CA$0.043 per share at 9.8% yield

Price target decreased by 9.8% to CA$5.75

Second quarter 2023 earnings released

Upcoming dividend of CA$0.043 per share at 9.5% yield

Upcoming dividend of CA$0.043 per share at 9.8% yield

Upcoming dividend of CA$0.043 per share at 8.9% yield

Independent Trustee recently bought CA$129k worth of stock

Firm Capital Property Trust (TSX:FCD.UN) along with unknown buyers acquired SunPark Parkhill Estates and SunPark Skyview Estates for $5.9 million.

First quarter 2023 earnings released

Upcoming dividend of CA$0.043 per share at 9.1% yield

Upcoming dividend of CA$0.043 per share at 9.1% yield

Price target decreased by 9.3% to CA$6.13

Full year 2022 earnings released

Now 21% undervalued

Upcoming dividend of CA$0.043 per share at 8.4% yield

Upcoming dividend of CA$0.043 per share

An unknown buyer completed the acquisition of 39,420 square foot medical office building in Barrie, Ontario from Firm Capital Property Trust (TSX:FCD.UN).

An unknown buyer acquired 11,247 square foot retail property in Pembroke, Ontario from Firm Capital Property Trust for approximately $2.7 million.

Upcoming dividend of CA$0.043 per share

Independent Trustee recently bought CA$221k worth of stock

Upcoming dividend of CA$0.043 per share

Price target decreased to CA$6.50

Third quarter 2022 earnings released

Insufficient new directors

Third quarter 2022 earnings released

Independent Trustee recently bought CA$142k worth of stock

Upcoming dividend of CA$0.043 per share

Independent Trustee recently bought CA$526k worth of stock

Independent Trustee recently bought CA$257k worth of stock

Upcoming dividend of CA$0.043 per share

Upcoming dividend of CA$0.043 per share

Price target decreased to CA$7.13

Second quarter 2022 earnings released

Firm Capital Property Trust Declares Monthly Distributions, Payable on or About November 15, 2022, December 15, 2022 and January 16, 2023, Respectively

Price target decreased to CA$7.88

Upcoming dividend of CA$0.043 per share

Upcoming dividend of CA$0.043 per share

Firm Capital Property Trust has completed a Follow-on Equity Offering in the amount of CAD 20.022 million.

Upcoming dividend of CA$0.043 per share

Chairman & Co-Chief Investment Officer exercised options to buy CA$1.2m worth of stock.

First quarter 2022 earnings released

Firm Capital Property Trust announced that it expects to receive CAD 20.022 million in funding

Insufficient new directors

Upcoming dividend of CA$0.043 per share

Firm Capital Property Trust (TSX:FCD.UN) acquired 50% stake in Industrial Portfolio Located in Edmonton, Alberta for $18.2 million.

Firm Capital Property Trust, Annual General Meeting, Jun 23, 2022

Upcoming dividend of CA$0.043 per share

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

Firm Capital Property Trust (TSXV:FCD.UN) and unknown buyers agreed to acquire Industrial Portfolio Located in Edmonton, Alberta for $36.5 million.