Granite Real Estate Investment Trust Management
Management criteria checks 4/4
Granite Real Estate Investment Trust's CEO is Kevan Gorrie, appointed in Aug 2018, has a tenure of 6.33 years. total yearly compensation is CA$3.02M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth CA$7.74M. The average tenure of the management team and the board of directors is 5.8 years and 6.4 years respectively.
Key information
Kevan Gorrie
Chief executive officer
CA$3.0m
Total compensation
CEO salary percentage | 29.8% |
CEO tenure | 6.3yrs |
CEO ownership | 0.2% |
Management average tenure | 5.8yrs |
Board average tenure | 6.4yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
Date | Total Compensation | Salary | Company Earnings |
---|---|---|---|
Sep 30 2024 | n/a | n/a | CA$308m |
Jun 30 2024 | n/a | n/a | CA$230m |
Mar 31 2024 | n/a | n/a | CA$216m |
Dec 31 2023 | CA$3m | CA$900k | CA$137m |
Sep 30 2023 | n/a | n/a | -CA$21m |
Jun 30 2023 | n/a | n/a | -CA$147m |
Mar 31 2023 | n/a | n/a | -CA$332m |
Dec 31 2022 | CA$3m | CA$900k | CA$156m |
Sep 30 2022 | n/a | n/a | CA$623m |
Jun 30 2022 | n/a | n/a | CA$1b |
Mar 31 2022 | n/a | n/a | CA$2b |
Dec 31 2021 | CA$3m | CA$800k | CA$1b |
Sep 30 2021 | n/a | n/a | CA$1b |
Jun 30 2021 | n/a | n/a | CA$820m |
Mar 31 2021 | n/a | n/a | CA$579m |
Dec 31 2020 | CA$3m | CA$800k | CA$430m |
Sep 30 2020 | n/a | n/a | CA$353m |
Jun 30 2020 | n/a | n/a | CA$362m |
Mar 31 2020 | n/a | n/a | CA$385m |
Dec 31 2019 | CA$3m | CA$800k | CA$382m |
Sep 30 2019 | n/a | n/a | CA$377m |
Jun 30 2019 | n/a | n/a | CA$421m |
Mar 31 2019 | n/a | n/a | CA$471m |
Dec 31 2018 | CA$4m | CA$333k | CA$465m |
Compensation vs Market: Kevan's total compensation ($USD2.10M) is below average for companies of similar size in the Canadian market ($USD3.18M).
Compensation vs Earnings: Kevan's compensation has been consistent with company performance over the past year.
CEO
Kevan Gorrie (55 yo)
6.3yrs
Tenure
CA$3,024,900
Compensation
Mr. Kevan S. Gorrie, P. Eng, ICD D, has been President, Chief Executive Officer and Trustee/Director at Granite Real Estate Investment Trust and Granite REIT Inc. since August 01, 2018. He was the Presiden...
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 6.3yrs | CA$3.02m | 0.17% CA$ 7.7m | |
Chief Financial Officer | 5.4yrs | CA$1.47m | 0.024% CA$ 1.1m | |
Executive VP of Global Real Estate & Head of Investments | 5.9yrs | CA$1.36m | 0.028% CA$ 1.3m | |
Executive VP | 5.9yrs | CA$1.18m | 0.019% CA$ 838.3k | |
Executive VP & Head of Global Real Estate | 14.8yrs | CA$1.43m | 0.052% CA$ 2.3m | |
Manager of Legal & Investor Services | no data | no data | no data | |
Senior VP & Head of Europe | 5.8yrs | no data | no data | |
Senior Vice President of Finance | less than a year | no data | no data | |
Senior VP & Head of U.S. | 5.2yrs | no data | no data | |
Vice President of Sustainability & Environment | 2.9yrs | no data | no data | |
CEO of the Racing & Gaming Division and President of the Racing & Gaming Division | 13.8yrs | no data | no data | |
Associate Director of Investments & Asset Management | no data | no data | no data |
5.8yrs
Average Tenure
Experienced Management: GRT.UN's management team is seasoned and experienced (5.8 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
President | 6.3yrs | CA$3.02m | 0.17% CA$ 7.7m | |
Independent Trustee | 7.5yrs | CA$135.00k | 0.014% CA$ 642.5k | |
Independent Chairman | 7.5yrs | CA$223.00k | no data | |
Independent Trustee | 5.5yrs | CA$170.00k | 0.0053% CA$ 239.2k | |
Independent Trustee | 7.5yrs | CA$150.00k | 0.041% CA$ 1.9m | |
Independent Trustee | less than a year | no data | no data | |
Independent Trustee | 3.3yrs | CA$154.71k | no data | |
Independent Trustee | 7.5yrs | CA$170.00k | 0.026% CA$ 1.2m | |
Independent Trustee | 6.5yrs | CA$150.00k | no data | |
Independent Trustee | 5.5yrs | CA$150.00k | no data |
6.4yrs
Average Tenure
59yo
Average Age
Experienced Board: GRT.UN's board of directors are considered experienced (6.4 years average tenure).
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2024/12/22 01:42 |
End of Day Share Price | 2024/12/20 00:00 |
Earnings | 2024/09/30 |
Annual Earnings | 2023/12/31 |
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.
Package | Data | Timeframe | Example US Source * |
---|---|---|---|
Company Financials | 10 years |
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Analyst Consensus Estimates | +3 years |
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Market Prices | 30 years |
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Ownership | 10 years |
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Management | 10 years |
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Key Developments | 10 years |
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* 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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Industry and Sector Metrics
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Analyst Sources
Granite Real Estate Investment Trust is covered by 22 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.
Analyst | Institution |
---|---|
J. Chen | BMO Capital Markets Equity Research |
Michael Markidis | BMO Capital Markets Equity Research |
Mark Rothschild | Canaccord Genuity |