Killam Apartment REIT

TSX:KMP.UN Stock Report

Market Cap: CA$2.2b

Killam Apartment REIT Management

Management criteria checks 4/4

Killam Apartment REIT's CEO is Philip Fraser, appointed in May 2000, has a tenure of 24.58 years. total yearly compensation is CA$2.63M, comprised of 27% salary and 73% bonuses, including company stock and options. directly owns 0.42% of the company’s shares, worth CA$9.21M. The average tenure of the management team and the board of directors is 10.3 years and 9 years respectively.

Key information

Philip Fraser

Chief executive officer

CA$2.6m

Total compensation

CEO salary percentage27.0%
CEO tenure24.6yrs
CEO ownership0.4%
Management average tenure10.3yrs
Board average tenure9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Philip Fraser's remuneration changed compared to Killam Apartment REIT's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$304m

Jun 30 2024n/an/a

CA$310m

Mar 31 2024n/an/a

CA$310m

Dec 31 2023CA$3mCA$710k

CA$266m

Sep 30 2023n/an/a

CA$257m

Jun 30 2023n/an/a

CA$192m

Mar 31 2023n/an/a

CA$146m

Dec 31 2022CA$2mCA$690k

CA$123m

Sep 30 2022n/an/a

CA$207m

Jun 30 2022n/an/a

CA$250m

Mar 31 2022n/an/a

CA$318m

Dec 31 2021CA$2mCA$680k

CA$286m

Sep 30 2021n/an/a

CA$259m

Jun 30 2021n/an/a

CA$250m

Mar 31 2021n/an/a

CA$135m

Dec 31 2020CA$2mCA$650k

CA$146m

Sep 30 2020n/an/a

CA$224m

Jun 30 2020n/an/a

CA$234m

Mar 31 2020n/an/a

CA$295m

Dec 31 2019CA$2mCA$650k

CA$284m

Sep 30 2019n/an/a

CA$201m

Jun 30 2019n/an/a

CA$181m

Mar 31 2019n/an/a

CA$133m

Dec 31 2018CA$2mCA$650k

CA$175m

Sep 30 2018n/an/a

CA$169m

Jun 30 2018n/an/a

CA$156m

Mar 31 2018n/an/a

CA$156m

Dec 31 2017CA$2mCA$600k

CA$105m

Compensation vs Market: Philip's total compensation ($USD1.83M) is about average for companies of similar size in the Canadian market ($USD2.15M).

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

CEO

Philip Fraser (62 yo)

24.6yrs

Tenure

CA$2,631,541

Compensation

Mr. Philip D. Fraser, B.Comm, MURP, MBA, has been Chief Executive Officer and Founding President at Killam Apartment Real Estate Investment Trust since May 2000 and serves as a Trustee since May 26, 2000....

Leadership Team

NamePositionTenureCompensationOwnership
Philip Fraser
President24.6yrsCA$2.63m0.42%
CA$ 9.2m
Dale Noseworthy
Chief Financial Officer7.7yrsCA$859.46k0.045%
CA$ 982.4k
Robert Richardson
Executive VP & Trusteeno dataCA$1.31m0.13%
CA$ 2.9m
Ruth Buckle-McIntosh
Senior Vice President of Property Management21.6yrsCA$832.70k0.056%
CA$ 1.2m
Michael McLean
Senior Vice President of Development5.1yrsCA$760.14k0.039%
CA$ 858.7k
Brian Jessop
Vice President of Operationsno datano data0.0055%
CA$ 119.3k
Claire Hawksworth
Senior Manager of Investor Relations2.5yrsno datano data
Jeremy Jackson
Vice President of Marketing & Government Relations19.1yrsno data0.024%
CA$ 524.9k
Colleen McCarville
Vice President of Human Resources10.3yrsno data0.027%
CA$ 589.6k
Erin Cleveland
Senior Vice President of Financeno datano data0.030%
CA$ 644.2k
Joe MacDougall
Manager of Acquisitions3.9yrsno datano data
Ronald Barron
Corporate Secretary24.9yrsno datano data

10.3yrs

Average Tenure

Experienced Management: KMP.UN's management team is seasoned and experienced (10.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Philip Fraser
President24.6yrsCA$2.63m0.42%
CA$ 9.2m
Robert Richardson
Executive VP & Trustee24.6yrsCA$1.31m0.13%
CA$ 2.9m
Manfred Walt
Independent Trustee17.6yrsCA$101.67k0.046%
CA$ 1.0m
A. McGregor
Independent Trustee3.6yrsCA$105.36k0.048%
CA$ 1.0m
James Lawley
Independent Chair of the Board24.6yrsCA$81.50k0.56%
CA$ 12.1m
Aldéa M. Landry
Independent Trustee7.2yrsCA$105.41k0.018%
CA$ 389.7k
Shant Poladian
Independent Trustee1.4yrsCA$44.46k0.0041%
CA$ 88.6k
Karine MacIndoe
Independent Trustee10.8yrsCA$116.89k0.047%
CA$ 1.0m
Andree Savoie
Independent Trustee1.4yrsCA$44.46k0.0024%
CA$ 53.1k
Laurie MacKeigan
Independent Trustee4.6yrsCA$99.50k0.0033%
CA$ 72.1k

9.0yrs

Average Tenure

62yo

Average Age

Experienced Board: KMP.UN's board of directors are considered experienced (9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 17:15
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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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

Killam Apartment REIT is covered by 23 analysts. 7 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