First Capital Real Estate Investment Trust

TSX:FCR.UN Stock Report

Market Cap: CA$3.6b

First Capital Real Estate Investment Trust Management

Management criteria checks 4/4

First Capital Real Estate Investment Trust's CEO is Adam Paul, appointed in Feb 2015, has a tenure of 9.83 years. total yearly compensation is CA$4.82M, comprised of 18.7% salary and 81.3% bonuses, including company stock and options. directly owns 0.21% of the company’s shares, worth CA$7.70M. The average tenure of the management team and the board of directors is 3.9 years and 4.5 years respectively.

Key information

Adam Paul

Chief executive officer

CA$4.8m

Total compensation

CEO salary percentage18.7%
CEO tenure9.8yrs
CEO ownership0.2%
Management average tenure3.9yrs
Board average tenure4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Adam Paul's remuneration changed compared to First Capital Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$347m

Jun 30 2024n/an/a

-CA$62m

Mar 31 2024n/an/a

-CA$108m

Dec 31 2023CA$5mCA$900k

-CA$134m

Sep 30 2023n/an/a

-CA$265m

Jun 30 2023n/an/a

-CA$143m

Mar 31 2023n/an/a

-CA$156m

Dec 31 2022CA$5mCA$900k

-CA$160m

Sep 30 2022n/an/a

-CA$174m

Jun 30 2022n/an/a

CA$213m

Mar 31 2022n/an/a

CA$467m

Dec 31 2021CA$5mCA$850k

CA$460m

Sep 30 2021n/an/a

CA$469m

Jun 30 2021n/an/a

CA$299m

Mar 31 2021n/an/a

CA$97m

Dec 31 2020CA$4mCA$850k

CA$3m

Sep 30 2020n/an/a

CA$158m

Jun 30 2020n/an/a

CA$212m

Mar 31 2020n/an/a

CA$283m

Dec 31 2019CA$4mCA$800k

CA$401m

Sep 30 2019n/an/a

CA$273m

Jun 30 2019n/an/a

CA$339m

Mar 31 2019n/an/a

CA$340m

Dec 31 2018CA$4mCA$800k

CA$344m

Sep 30 2018n/an/a

CA$354m

Jun 30 2018n/an/a

CA$306m

Mar 31 2018n/an/a

CA$495m

Dec 31 2017CA$3mCA$800k

CA$633m

Compensation vs Market: Adam's total compensation ($USD3.36M) is about average for companies of similar size in the Canadian market ($USD3.18M).

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

CEO

Adam Paul (49 yo)

9.8yrs

Tenure

CA$4,823,500

Compensation

Mr. Adam E. Paul, C.P.A. C.A. has been the Chief Executive Officer and President of First Capital Real Estate Investment Trust since February 16, 2015. Prior to joining First Capital REIT in February 2015,...

Leadership Team

NamePositionTenureCompensationOwnership
Adam Paul
President9.8yrsCA$4.82m0.21%
CA$ 7.7m
Neil William Downey
Executive VP of Enterprise Strategies & CFO3.9yrsCA$1.89m0.033%
CA$ 1.2m
Jordan Robins
Executive VP & COO8.5yrsCA$2.15m0.049%
CA$ 1.8m
Alison Harnick
Senior VP7.2yrsCA$997.80k0.0048%
CA$ 173.5k
Carmine Francella
Senior Vice President of Real Estate Services8.9yrsCA$1.23m0.0090%
CA$ 326.8k
Jeff Farbman
Vice President of Investments1.8yrsno datano data
Matt Silcoff
Vice President of Investmentsno datano datano data
Elle Agourias
Chief Accounting Officerno datano datano data
Simon Streeter
Chief Information Officer2.8yrsno datano data
Ryan Ng
Head of Finance & Treasury1.2yrsno datano data
Michele Walkau
Senior Vice President of Brand & Cultureno datano data0.0014%
CA$ 52.3k
Melissa Ferrato
Vice President of ESG1.8yrsno datano data

3.9yrs

Average Tenure

53yo

Average Age

Experienced Management: FCR.UN's management team is considered experienced (3.9 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Adam Paul
President9.8yrsCA$4.82m0.21%
CA$ 7.7m
Aladin Mawani
Independent Trustee6.6yrsCA$187.50k0.014%
CA$ 521.4k
Richard Nesbitt
Independent Trustee1.8yrsCA$143.94kno data
Paul Douglas
Independent Chairman of the Board5.5yrsCA$264.21k0.038%
CA$ 1.4m
Annalisa King
Independent Trustee8.1yrsCA$180.00k0.0069%
CA$ 250.2k
Sheila Botting
Independent Trustee3.5yrsCA$170.00k0.0062%
CA$ 225.8k
Ira Gluskin
Independent Trustee1.8yrsCA$151.06k0.087%
CA$ 3.2m
Ian L. Clarke
Independent Trustee3.5yrsCA$175.00k0.0046%
CA$ 166.6k
Leonard Abramsky
Independent Trustee5.5yrsCA$170.00k0.039%
CA$ 1.4m
Dayna Gibbs
Independent Trustee1.7yrsCA$122.83k0.0047%
CA$ 171.0k

4.5yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FCR.UN's board of directors are considered experienced (4.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

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Analyst Sources

First Capital Real Estate Investment Trust is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity