Minto Apartment Real Estate Investment Trust Management
Management criteria checks 4/4
Minto Apartment Real Estate Investment Trust's CEO is Jonathan Li, appointed in Apr 2022, has a tenure of 2.67 years. total yearly compensation is CA$1.50M, comprised of 30.4% salary and 69.6% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth CA$1.22M. The average tenure of the management team and the board of directors is 3.3 years and 6.7 years respectively.
Key information
Jonathan Li
Chief executive officer
CA$1.5m
Total compensation
| CEO salary percentage | 30.4% |
| CEO tenure | 2.7yrs |
| CEO ownership | 0.1% |
| Management average tenure | 3.3yrs |
| Board average tenure | 6.7yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -CA$105m |
| Jun 30 2024 | n/a | n/a | -CA$35m |
| Mar 31 2024 | n/a | n/a | -CA$111m |
| Dec 31 2023 | CA$2m | CA$458k | -CA$117m |
| Sep 30 2023 | n/a | n/a | -CA$72m |
| Jun 30 2023 | n/a | n/a | -CA$60m |
| Mar 31 2023 | n/a | n/a | CA$167m |
| Dec 31 2022 | CA$2m | CA$320k | CA$225m |
Compensation vs Market: Jonathan's total compensation ($USD1.05M) is below average for companies of similar size in the Canadian market ($USD1.83M).
Compensation vs Earnings: Jonathan's compensation has been consistent with company performance over the past year.
CEO
Jonathan Li (46 yo)
2.7yrs
Tenure
CA$1,504,484
Compensation
Mr. Jonathan Li is Independent Trustee of Flagship Communities Real Estate Investment Trust from November 2024. Mr. Jonathan Li serves as President at Minto Apartment Real Estate Investment Trust since Apr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.7yrs | CA$68.75k | 0.70% CA$ 8.6m | |
| President | 2.7yrs | CA$1.50m | 0.10% CA$ 1.2m | |
| Chief Financial Officer | 1.9yrs | CA$585.86k | 0.011% CA$ 139.7k | |
| Senior Vice President of Operations | no data | CA$410.67k | no data | |
| Chief Investment Officer | 5.3yrs | CA$450.47k | 0.11% CA$ 1.4m | |
| General Counsel & Corporate Secretary | no data | CA$377.03k | 0.010% CA$ 126.6k | |
| Chief Human Resources Officer | 1.9yrs | no data | no data | |
| Senior Vice President of Investments | 4.9yrs | no data | 0.020% CA$ 249.4k | |
| Senior Vice President of Asset Management | 3.9yrs | no data | no data |
3.3yrs
Average Tenure
54yo
Average Age
Experienced Management: MI.UN's management team is considered experienced (3.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 6.7yrs | CA$68.75k | 0.70% CA$ 8.6m | |
| President | 1.6yrs | CA$1.50m | 0.10% CA$ 1.2m | |
| Independent Trustee | 6.7yrs | CA$61.75k | 0.030% CA$ 361.1k | |
| Independent Trustee | 6.7yrs | CA$65.28k | 0.037% CA$ 448.6k | |
| Non-Independent Trustee | 6.7yrs | CA$710.17k | 0.26% CA$ 3.2m | |
| Lead Independent Trustee | 6.7yrs | CA$79.44k | 0.14% CA$ 1.7m | |
| Independent Trustee | 1.6yrs | CA$37.04k | no data |
6.7yrs
Average Tenure
57.5yo
Average Age
Experienced Board: MI.UN's board of directors are considered experienced (6.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:17 |
| 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 |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Minto Apartment Real Estate Investment Trust is covered by 16 analysts. 5 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 |
|---|---|
| Michael Markidis | BMO Capital Markets Equity Research |
| Jenny Ma | BMO Capital Markets Equity Research |
| Christopher Koutsikaloudis | Canaccord Genuity |