Morguard Real Estate Investment Trust Management
Management criteria checks 4/4
Morguard Real Estate Investment Trust's CEO is Kuldip Sahi, appointed in Jul 2001, has a tenure of 23.83 years. total yearly compensation is CA$100.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 1.89% of the company’s shares, worth CA$6.67M. The average tenure of the management team and the board of directors is 14.5 years and 5 years respectively.
Key information
Kuldip Sahi
Chief executive officer
CA$100.0k
Total compensation
| CEO salary percentage | 100.0% |
| CEO tenure | 23.8yrs |
| CEO ownership | 1.9% |
| Management average tenure | 14.5yrs |
| Board average tenure | 5yrs |
Recent management updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -CA$34m |
| Dec 31 2024 | CA$100k | CA$100k | -CA$59m |
| Sep 30 2024 | n/a | n/a | -CA$51m |
| Jun 30 2024 | n/a | n/a | -CA$106m |
| Mar 31 2024 | n/a | n/a | -CA$106m |
| Dec 31 2023 | CA$100k | CA$100k | -CA$74m |
| Sep 30 2023 | n/a | n/a | -CA$142m |
| Jun 30 2023 | n/a | n/a | -CA$161m |
| Mar 31 2023 | n/a | n/a | -CA$131m |
| Dec 31 2022 | CA$100k | CA$100k | -CA$86m |
| Sep 30 2022 | n/a | n/a | CA$8m |
| Jun 30 2022 | n/a | n/a | CA$73m |
| Mar 31 2022 | n/a | n/a | CA$40m |
| Dec 31 2021 | CA$100k | CA$100k | CA$5m |
| Sep 30 2021 | n/a | n/a | -CA$62m |
| Jun 30 2021 | n/a | n/a | -CA$157m |
| Mar 31 2021 | n/a | n/a | -CA$250m |
| Dec 31 2020 | CA$100k | CA$100k | -CA$357m |
| Sep 30 2020 | n/a | n/a | -CA$293m |
| Jun 30 2020 | n/a | n/a | -CA$199m |
| Mar 31 2020 | n/a | n/a | -CA$105m |
| Dec 31 2019 | CA$100k | CA$100k | CA$15m |
| Sep 30 2019 | n/a | n/a | CA$25m |
| Jun 30 2019 | n/a | n/a | CA$24m |
| Mar 31 2019 | n/a | n/a | CA$72m |
| Dec 31 2018 | CA$100k | CA$100k | CA$73m |
Compensation vs Market: Kuldip's total compensation ($USD72.42K) is below average for companies of similar size in the Canadian market ($USD768.17K).
Compensation vs Earnings: Kuldip's compensation has been consistent with company performance over the past year.
CEO
Kuldip Sahi (77 yo)
23.8yrs
Tenure
CA$100,000
Compensation
Mr. Kuldip Rai Sahi, FCA, FCPA, FCGA, has been the Chief Executive Officer of Morguard Real Estate Investment Trust since July 31, 2001 and has been its President since October 21, 2005 and has been its Tr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 23.8yrs | CA$100.00k | 1.89% CA$ 6.7m | |
| Chief Financial Officer | 6.5yrs | CA$266.14k | 0.0070% CA$ 24.6k | |
| Senior VP & Non Independent Director | no data | CA$1.18m | no data | |
| Senior VP | no data | no data | 0.012% CA$ 42.7k | |
| Senior Vice President | no data | no data | 0.013% CA$ 45.4k | |
| Director of Asset Management | no data | no data | no data | |
| Director of Asset Management - Retail | 14.5yrs | no data | no data | |
| Vice President of Property Management & Leasing | no data | no data | no data |
14.5yrs
Average Tenure
Experienced Management: MRT.UN's management team is seasoned and experienced (14.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 26.5yrs | CA$100.00k | 1.89% CA$ 6.7m | |
| Senior VP & Non Independent Director | less than a year | CA$1.18m | no data | |
| Lead Independent Trustee | 7yrs | CA$50.00k | 0.019% CA$ 68.4k | |
| Independent Director | 5yrs | CA$45.00k | no data | |
| Independent Trustee | 11yrs | CA$46.50k | 0% CA$ 0 | |
| Independent Director | 5yrs | CA$41.00k | 0.014% CA$ 49.2k | |
| Non-Independent Director | 1.8yrs | CA$80.95k | no data |
5.0yrs
Average Tenure
69yo
Average Age
Experienced Board: MRT.UN's board of directors are considered experienced (5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/02 05:02 |
| End of Day Share Price | 2025/05/02 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
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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.
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 Github.
Analyst Sources
Morguard Real Estate Investment Trust is covered by 9 analysts. 1 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 |
|---|---|
| Troy MacLean | BMO Capital Markets Equity Research |
| Shant Poladian | Canaccord Genuity |
| Nelson Mah | Laurentian Bank Securities, Inc. |