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 9.75 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$8.03M. The average tenure of the management team and the board of directors is 3.8 years and 4.4 years respectively.
Key information
Adam Paul
Chief executive officer
CA$4.8m
Total compensation
| CEO salary percentage | 18.7% |
| CEO tenure | 9.8yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.8yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$347m |
| Jun 30 2024 | n/a | n/a | -CA$62m |
| Mar 31 2024 | n/a | n/a | -CA$108m |
| Dec 31 2023 | CA$5m | CA$900k | -CA$134m |
| Sep 30 2023 | n/a | n/a | -CA$265m |
| Jun 30 2023 | n/a | n/a | -CA$143m |
| Mar 31 2023 | n/a | n/a | -CA$156m |
| Dec 31 2022 | CA$5m | CA$900k | -CA$160m |
| Sep 30 2022 | n/a | n/a | -CA$174m |
| Jun 30 2022 | n/a | n/a | CA$213m |
| Mar 31 2022 | n/a | n/a | CA$467m |
| Dec 31 2021 | CA$5m | CA$850k | CA$460m |
| Sep 30 2021 | n/a | n/a | CA$469m |
| Jun 30 2021 | n/a | n/a | CA$299m |
| Mar 31 2021 | n/a | n/a | CA$97m |
| Dec 31 2020 | CA$4m | CA$850k | CA$3m |
| Sep 30 2020 | n/a | n/a | CA$158m |
| Jun 30 2020 | n/a | n/a | CA$212m |
| Mar 31 2020 | n/a | n/a | CA$283m |
| Dec 31 2019 | CA$4m | CA$800k | CA$401m |
| Sep 30 2019 | n/a | n/a | CA$273m |
| Jun 30 2019 | n/a | n/a | CA$339m |
| Mar 31 2019 | n/a | n/a | CA$340m |
| Dec 31 2018 | CA$4m | CA$800k | CA$344m |
| Sep 30 2018 | n/a | n/a | CA$354m |
| Jun 30 2018 | n/a | n/a | CA$306m |
| Mar 31 2018 | n/a | n/a | CA$495m |
| Dec 31 2017 | CA$3m | CA$800k | CA$633m |
Compensation vs Market: Adam's total compensation ($USD3.45M) 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.8yrs | CA$4.82m | 0.21% CA$ 8.0m | |
| Executive VP of Enterprise Strategies & CFO | 3.8yrs | CA$1.89m | 0.033% CA$ 1.3m | |
| Executive VP & COO | 8.4yrs | CA$2.15m | 0.049% CA$ 1.8m | |
| Senior VP | 7.1yrs | CA$997.80k | 0.0048% CA$ 181.0k | |
| Senior Vice President of Real Estate Services | 8.8yrs | CA$1.23m | 0.0090% CA$ 340.7k | |
| Vice President of Investments | 1.7yrs | no data | no data | |
| Vice President of Investments | no data | no data | no data | |
| Chief Accounting Officer | no data | no data | no data | |
| Chief Information Officer | 2.7yrs | no data | no data | |
| Head of Finance & Treasury | 1.1yrs | no data | no data | |
| Senior Vice President of Brand & Culture | no data | no data | 0.0014% CA$ 54.5k | |
| Vice President of ESG | 1.7yrs | no data | no data |
3.8yrs
Average Tenure
53yo
Average Age
Experienced Management: FCR.UN's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 9.8yrs | CA$4.82m | 0.21% CA$ 8.0m | |
| Independent Trustee | 6.5yrs | CA$187.50k | 0.014% CA$ 543.6k | |
| Independent Trustee | 1.8yrs | CA$143.94k | no data | |
| Independent Chairman of the Board | 5.4yrs | CA$264.21k | 0.038% CA$ 1.4m | |
| Independent Trustee | 8yrs | CA$180.00k | 0.0069% CA$ 260.8k | |
| Independent Trustee | 3.4yrs | CA$170.00k | 0.0062% CA$ 235.5k | |
| Independent Trustee | 1.8yrs | CA$151.06k | 0.087% CA$ 3.3m | |
| Independent Trustee | 3.4yrs | CA$175.00k | 0.0046% CA$ 173.8k | |
| Independent Trustee | 5.4yrs | CA$170.00k | 0.039% CA$ 1.5m | |
| Independent Trustee | 1.6yrs | CA$122.83k | 0.0047% CA$ 178.3k |
4.4yrs
Average Tenure
63.5yo
Average Age
Experienced Board: FCR.UN's board of directors are considered experienced (4.4 years average tenure).