Plaza Retail REIT

TSX:PLZ.UN Stock Report

Market Cap: CA$388.1m

Plaza Retail REIT Management

Management criteria checks 4/4

Plaza Retail REIT's CEO is Michael Zakuta, appointed in Jan 2005, has a tenure of 19.25 years. total yearly compensation is CA$400.00K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 4.51% of the company’s shares, worth CA$17.49M. The average tenure of the management team and the board of directors is 3.1 years and 4.4 years respectively.

Key information

Michael Zakuta

Chief executive officer

CA$400.0k

Total compensation

CEO salary percentage100.0%
CEO tenure19.3yrs
CEO ownership4.5%
Management average tenure3.1yrs
Board average tenure4.4yrs

Recent management updates

Recent updates

This Is Why Plaza Retail REIT's (TSE:PLZ.UN) CEO Compensation Looks Appropriate

May 20
This Is Why Plaza Retail REIT's (TSE:PLZ.UN) CEO Compensation Looks Appropriate

Plaza Retail REIT (TSE:PLZ.UN) Has Compensated Shareholders With A 7.5% Return On Their Investment

Mar 01
Plaza Retail REIT (TSE:PLZ.UN) Has Compensated Shareholders With A 7.5% Return On Their Investment

CEO Compensation Analysis

How has Michael Zakuta's remuneration changed compared to Plaza Retail REIT's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

CA$20m

Sep 30 2023n/an/a

CA$38m

Jun 30 2023n/an/a

CA$42m

Mar 31 2023n/an/a

CA$36m

Dec 31 2022CA$400kCA$400k

CA$54m

Sep 30 2022n/an/a

CA$80m

Jun 30 2022n/an/a

CA$101m

Mar 31 2022n/an/a

CA$113m

Dec 31 2021CA$400kCA$400k

CA$100m

Sep 30 2021n/an/a

CA$68m

Jun 30 2021n/an/a

CA$50m

Mar 31 2021n/an/a

-CA$671k

Dec 31 2020CA$400kCA$400k

-CA$15m

Sep 30 2020n/an/a

-CA$16m

Jun 30 2020n/an/a

-CA$15m

Mar 31 2020n/an/a

CA$33m

Dec 31 2019CA$400kCA$400k

CA$51m

Sep 30 2019n/an/a

CA$44m

Jun 30 2019n/an/a

CA$41m

Mar 31 2019n/an/a

CA$31m

Dec 31 2018CA$400kCA$400k

CA$12m

Sep 30 2018n/an/a

CA$20m

Jun 30 2018n/an/a

CA$21m

Mar 31 2018n/an/a

CA$20m

Dec 31 2017CA$400kCA$400k

CA$23m

Compensation vs Market: Michael's total compensation ($USD289.73K) is below average for companies of similar size in the Canadian market ($USD761.79K).

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

CEO

Michael Zakuta (63 yo)

19.3yrs

Tenure

CA$400,000

Compensation

Mr. Michael Aaron Zakuta has been the President and Chief Executive Officer at Plaza Retail REIT ( foremerly known as Les Centres commerciaux Plazacorp Ltée) since April 20, 2005. Mr. Zakuta is the Preside...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Zakuta
President19.3yrsCA$400.00k4.51%
CA$ 17.5m
Jim Drake
Chief Financial Officer4.6yrsCA$363.15k0.076%
CA$ 296.5k
Peter Mackenzie
Executive VP & Chief Investment Officer7.3yrsCA$410.62k0.19%
CA$ 756.6k
Kimberly Strange
General Counsel & Secretary13.8yrsCA$314.95k0.012%
CA$ 46.2k
Stephen Penney
Executive Vice President4.3yrsCA$363.15k0.052%
CA$ 201.6k
Jason Parravano
Chief Operating Officerless than a yearno data0.039%
CA$ 153.0k
Patricia Elias
Vice-President of Financial Reporting & Accounting1.9yrsno datano data
Myles Martin
Senior Vice Presidentno dataCA$429.00kno data
Patricia Borrelli
Senior Vice-President of Legal1.9yrsno datano data
Mathieu Bordeleau
Executive Vice President of Quebec/Ontario1.3yrsno datano data
Bill Bilkas
Chief Development Officerless than a yearno datano data
Kim Sharpe
Director of Business Developmentno datano datano data

3.1yrs

Average Tenure

Experienced Management: PLZ.UN's management team is considered experienced (3.1 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Zakuta
President25.2yrsCA$400.00k4.51%
CA$ 17.5m
A. McGregor
Independent Chairman3.8yrsCA$83.75k0.18%
CA$ 693.4k
Stephen Johnson
Independent Trustee25.2yrsCA$78.13k0.29%
CA$ 1.1m
Earl Brewer
Vice-Chair of the Board25.2yrsCA$83.75k2.32%
CA$ 9.0m
Lynda Savoie
Independent Trustee2.9yrsCA$72.50k0.18%
CA$ 713.9k
Jane Marshall
Independent Trustee4.4yrsCA$53.75k0.019%
CA$ 72.0k
Susan Taves
Independent Directorless than a yearno data0.047%
CA$ 183.2k

4.4yrs

Average Tenure

66yo

Average Age

Experienced Board: PLZ.UN's board of directors are considered experienced (4.4 years average tenure).

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