Flagship Communities Real Estate Investment Trust Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Kurt Keeney

Chief executive officer

US$846.7k

Total compensation

CEO salary percentage	39.2%
CEO tenure	3.5yrs
CEO ownership	0.09%
Management average tenure	no data
Board average tenure	3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kurt Keeney's remuneration changed compared to Flagship Communities Real Estate Investment Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$847k	US$332k	US$65m
Sep 30 2023	n/a	n/a	US$66m
Jun 30 2023	n/a	n/a	US$52m
Mar 31 2023	n/a	n/a	US$56m
Dec 31 2022	US$677k	US$295k	US$43m
Sep 30 2022	n/a	n/a	US$97m
Jun 30 2022	n/a	n/a	US$84m
Mar 31 2022	n/a	n/a	US$56m
Dec 31 2021	US$434k	US$277k	US$60m
Jun 30 2021	n/a	n/a	US$160m
Mar 31 2021	n/a	n/a	US$179m
Dec 31 2020	US$299k	US$65k	US$189m

Compensation vs Market: Kurt's total compensation ($USD846.72K) is below average for companies of similar size in the Canadian market ($USD1.29M).

Compensation vs Earnings: Kurt's compensation has increased by more than 20% in the past year.

CEO

Kurt Keeney (55 yo)

3.5yrs

Tenure

US$846,723

Compensation

Mr. Kurtis Keeney also known as Kurt, serves as Chief Executive Officer at Flagship Communities Real Estate Investment Trust. He has been President at Flagship Communities Real Estate Investment Trust sinc...

Board Members

Name	Position	Tenure	Compensation	Ownership
Kurtis Keeney	President	3.5yrs	US$846.72k	0.095% $ 408.9k
Nathaniel Smith	Chief Investment Officer & Trustee	3.5yrs	US$846.92k	0.060% $ 259.7k
Peter C. Bynoe	Independent Chair of the Board of Trustees	3.5yrs	US$117.50k	0.073% $ 316.3k
Louis Forbes	Independent Trustee	3.5yrs	US$85.00k	0.034% $ 147.9k
Andrew Oppenheim	Independent Trustee	3.5yrs	US$65.00k	0.065% $ 279.1k
Ann Rooney	Independent Trustee	1.6yrs	US$65.00k	0.035% $ 150.8k
J. Monteith	Independent Trustee	3.5yrs	US$82.50k	0.052% $ 223.3k

3.5yrs

Average Tenure

67yo

Average Age

Experienced Board: MHC.UN's board of directors are considered experienced (3.5 years average tenure).

Flagship Communities Real Estate Investment Trust Management

Management criteria checks 2/4

Key information

Recent management updates

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 08, 2024

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 08, 2024

High number of new and inexperienced directors

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 10, 2023

Flagship Communities Real Estate Investment Trust Appoints Ann Rooney to Its Board of Trustees

Recent updates

Dividend of US$0.049 announced

Investor sentiment deteriorates as stock falls 28%

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of April 2024, Payable on or About May 15, 2024

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of April 2024, Payable on or About April 15, 2024

Flagship Communities Real Estate Investment Trust to Report Q1, 2024 Results on May 07, 2024

Investor sentiment deteriorates as stock falls 25%

Upcoming dividend of US$0.049 per share

New minor risk - Shareholder dilution

Dividend of US$0.049 announced

Full year 2023 earnings released

New minor risk - Shareholder dilution

Investor sentiment deteriorates as stock falls 24%

New minor risk - Shareholder dilution

Upcoming dividend of US$0.049 per share

Dividend of US$0.049 announced

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 08, 2024

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 08, 2024

Investor sentiment deteriorates as stock falls 28%

Flagship Communities Real Estate Investment Trust to Report Q4, 2023 Results on Mar 14, 2024

Investor sentiment deteriorates as stock falls 23%

Upcoming dividend of US$0.049 per share at 5.0% yield

New minor risk - Shareholder dilution

New minor risk - Share price stability

Investor sentiment improves as stock rises 33%

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of January 2024, Payable on or About February 15, 2024

Investor sentiment deteriorates as stock falls 26%

Flagship Communities Real Estate Investment Trust Announces Monthly Cash Distribution, Payable on or About January 15, 2024

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 26%

New minor risk - Shareholder dilution

Upcoming dividend of US$0.049 per share at 5.1% yield

Investor sentiment deteriorates as stock falls 26%

Third quarter 2023 earnings released

Flagship Communities Real Estate Investment Trust Announces Monthly Cash Distribution, Payable on or About December 15, 2023

Investor sentiment deteriorates as stock falls 28%

Upcoming dividend of US$0.047 per share at 3.9% yield

Flagship Communities Real Estate Investment Trust to Report Q3, 2023 Results on Nov 14, 2023

Flagship Communities Real Estate Investment Trust Announces A Cash Distribution for the Month of October 2023, Payable on or About November 15, 2023

Investor sentiment deteriorates as stock falls 25%

Investor sentiment deteriorates as stock falls 29%

Upcoming dividend of US$0.047 per share at 3.7% yield

Flagship Communities Real Estate Investment Trust Announces a Cash Distribution for the Month of September 2023, Payable on or About October 16, 2023

New minor risk - Shareholder dilution

Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) agreed to acquire The Lakeview, Ohio Resort Community for $3 million.

Investor sentiment deteriorates as stock falls 26%

Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) agreed to acquire Manufactured housing community in Evansville, Indiana for approximately $23 million.

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of August 2023, Payable on or About September 15, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released

Investor sentiment deteriorates as stock falls 24%

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of July 2023, Payable on or About August 15, 2023

Flagship Communities Real Estate Investment Trust to Report Q2, 2023 Results on Aug 08, 2023

Investor sentiment deteriorates as stock falls 25%

Upcoming dividend of US$0.047 per share at 3.7% yield

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of June 2023, Payable on or About July 17, 2023

New minor risk - Share price stability

Investor sentiment deteriorates as stock falls 33%

Upcoming dividend of US$0.047 per share at 3.3% yield

Flagship Communities Real Estate Investment Trust Announces Cash Distribution for the Month of May 2023, Payable on or About June 15, 2023

First quarter 2023 earnings released

Flagship Communities Real Estate Investment Trust (TSX:MHC.UN) agreed to acquire The Jackson, Tennessee Community.

High number of new and inexperienced directors

Full year 2022 earnings released: FFO per share: US$1.5 (vs US$1.73 in FY 2021)

Upcoming dividend of US$0.047 per share at 3.2% yield

Flagship Communities Real Estate Investment Trust, Annual General Meeting, May 10, 2023

Flagship Communities Real Estate Investment Trust Announces February 2023 Cash Distribution, Payable on or About March 15, 2023

Flagship Communities Real Estate Investment Trust to Report Q4, 2022 Results on Mar 16, 2023

Upcoming dividend of US$0.047 per share

Flagship Communities Real Estate Investment Trust Announces Dividend for January 2023, Payable on February 15, 2023

Upcoming dividend of US$0.047 per share