InterRent Real Estate Investment Trust

TSX:IIP.UN Stock Report

Market Cap: CA$1.5b

InterRent Real Estate Investment Trust Management

Management criteria checks 3/4

InterRent Real Estate Investment Trust's CEO is Brad Cutsey, appointed in Apr 2015, has a tenure of 9.67 years. total yearly compensation is CA$2.43M, comprised of 30.8% salary and 69.2% bonuses, including company stock and options. directly owns 0.003% of the company’s shares, worth CA$51.73K. The average tenure of the management team and the board of directors is 5.5 years and 5.8 years respectively.

Key information

Brad Cutsey

Chief executive officer

CA$2.4m

Total compensation

CEO salary percentage30.8%
CEO tenure9.7yrs
CEO ownership0.003%
Management average tenure5.5yrs
Board average tenure5.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brad Cutsey's remuneration changed compared to InterRent Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$21m

Jun 30 2024n/an/a

-CA$2m

Mar 31 2024n/an/a

CA$36m

Dec 31 2023CA$2mCA$750k

CA$92m

Sep 30 2023n/an/a

-CA$36m

Jun 30 2023n/an/a

CA$51m

Mar 31 2023n/an/a

CA$92m

Dec 31 2022CA$2mCA$717k

CA$104m

Sep 30 2022n/an/a

CA$304m

Jun 30 2022n/an/a

CA$376m

Mar 31 2022n/an/a

CA$360m

Dec 31 2021CA$935kCA$530k

CA$370m

Sep 30 2021n/an/a

CA$328m

Jun 30 2021n/an/a

CA$256m

Mar 31 2021n/an/a

CA$217m

Dec 31 2020CA$770kCA$500k

CA$151m

Sep 30 2020n/an/a

CA$358m

Jun 30 2020n/an/a

CA$395m

Mar 31 2020n/an/a

CA$409m

Dec 31 2019CA$905kCA$500k

CA$385m

Sep 30 2019n/an/a

CA$162m

Jun 30 2019n/an/a

CA$174m

Mar 31 2019n/an/a

CA$194m

Dec 31 2018CA$960kCA$400k

CA$168m

Sep 30 2018n/an/a

CA$168m

Jun 30 2018n/an/a

CA$198m

Mar 31 2018n/an/a

CA$181m

Dec 31 2017CA$914kCA$400k

CA$201m

Compensation vs Market: Brad's total compensation ($USD1.69M) is about average for companies of similar size in the Canadian market ($USD1.79M).

Compensation vs Earnings: Brad's compensation has increased whilst the company is unprofitable.

CEO

Brad Cutsey (51 yo)

9.7yrs

Tenure

CA$2,431,500

Compensation

Mr. Bradley Cutsey, CFA, also known as Brad, has been the President at InterRent Real Estate Investment Trust since April 6, 2015 and also serves as Chief Executive Officer and Director since May 1, 2022....

Leadership Team

NamePositionTenureCompensationOwnership
Michael McGahan
Executive Chairman15.3yrsCA$1.24m2.52%
CA$ 37.5m
Bradley Cutsey
President9.7yrsCA$2.43m0.0035%
CA$ 51.7k
Curt Millar
Chief Financial Officer15.9yrsCA$1.14m0.32%
CA$ 4.8m
Dave Nevins
Chief Operating Officer6.8yrsCA$989.64k0.25%
CA$ 3.7m
Asad Hanif
Vice President of Acquisitions3.6yrsCA$505.02kno data
Will Chan
Chief Information Officerno datano datano data
Renee Wei
Director of Investor Relations & Sustainabilityno datano datano data
Chris Willoughby
Vice President of Marketing5.5yrsCA$234.00kno data
Catherine Hebert
Chief Talent Officer3.5yrsno datano data
Craig Stewart
Vice President of Financeno datano data0.027%
CA$ 403.1k

5.5yrs

Average Tenure

Experienced Management: IIP.UN's management team is seasoned and experienced (5.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael McGahan
Executive Chairman15.3yrsCA$1.24m2.52%
CA$ 37.5m
Bradley Cutsey
President2.6yrsCA$2.43m0.0035%
CA$ 51.7k
Ronald Leslie
Independent Trustee13.6yrsCA$135.00k0.047%
CA$ 696.7k
Jean-Louis Bellemare
Independent Trustee2.5yrsCA$105.00kno data
Paul Amirault
Independent Lead Trustee14.6yrsCA$135.00k0.091%
CA$ 1.4m
Cheryl Pangborn
Independent Trustee7.5yrsCA$130.00kno data
John Jussup
Independent Trustee5.8yrsCA$130.00kno data
Judy Hendriks
Independent Trustee2.5yrsCA$130.00kno data
Meghann O'Hara-Fraser
Independent Trustee1.5yrsCA$130.00kno data

5.8yrs

Average Tenure

61yo

Average Age

Experienced Board: IIP.UN's board of directors are considered experienced (5.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 04:10
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

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

InterRent Real Estate Investment Trust is covered by 22 analysts. 6 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
Troy MacLeanBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity