Primaris Real Estate Investment Trust Management
Management criteria checks 4/4
Primaris Real Estate Investment Trust's CEO is Alex Avery, appointed in Dec 2021, has a tenure of less than a year. total yearly compensation is CA$3.15M, comprised of 23.8% salary and 76.2% bonuses, including company stock and options. directly owns 0.6% of the company’s shares, worth CA$9.45M. The average tenure of the management team and the board of directors is 3 years and 3.9 years respectively.
Key information
Alex Avery
Chief executive officer
CA$3.1m
Total compensation
| CEO salary percentage | 23.8% |
| CEO tenure | 3yrs |
| CEO ownership | 0.6% |
| Management average tenure | 3yrs |
| Board average tenure | 3.9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | CA$122m |
| Mar 31 2024 | n/a | n/a | CA$113m |
| Dec 31 2023 | CA$3m | CA$750k | CA$102m |
| Sep 30 2023 | n/a | n/a | CA$63m |
| Jun 30 2023 | n/a | n/a | CA$22m |
| Mar 31 2023 | n/a | n/a | -CA$7m |
| Dec 31 2022 | CA$3m | CA$750k | -CA$12m |
| Sep 30 2022 | n/a | n/a | CA$12m |
| Jun 30 2022 | n/a | n/a | CA$242m |
| Mar 31 2022 | n/a | n/a | CA$254m |
| Dec 31 2021 | CA$2m | n/a | CA$341m |
Compensation vs Market: Alex's total compensation ($USD2.19M) is about average for companies of similar size in the Canadian market ($USD1.83M).
Compensation vs Earnings: Alex's compensation has been consistent with company performance over the past year.
CEO
Alex Avery (46 yo)
3yrs
Tenure
CA$3,145,500
Compensation
Mr. Alexander Danial Avery, also known as Alex, CFA, MRICS has been the Chief Executive Officer at Primaris Real Estate Investment Trust since December 2021 and has been its Trustee since May 2, 2024. He w...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Trustee | 3yrs | CA$3.15m | 0.60% CA$ 9.5m | |
| President & COO | 3yrs | CA$3.15m | 0.075% CA$ 1.2m | |
| Chief Financial Officer | 3yrs | CA$1.42m | 0.13% CA$ 2.1m | |
| Senior VP of Legal & Secretary | 3.9yrs | CA$769.19k | 0.0075% CA$ 119.4k | |
| Senior Vice President of Finance | 2.9yrs | CA$769.19k | 0.017% CA$ 273.6k | |
| Vice President of Investor Relations & ESG | no data | no data | 0.0040% CA$ 62.9k | |
| Senior Vice President of Asset Management | 3.9yrs | CA$284.50k | 0.011% CA$ 169.7k | |
| Senior VP & Head of National Leasing | no data | no data | no data | |
| Vice-President of Information Technology | 3.9yrs | no data | 0.010% CA$ 158.5k |
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: PMZ.UN's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Trustee | less than a year | CA$3.15m | 0.60% CA$ 9.5m | |
| Independent Trustee | 3.9yrs | CA$162.50k | 0.010% CA$ 158.5k | |
| Independent Trustee | 3.9yrs | CA$162.50k | 0.0029% CA$ 46.0k | |
| Independent Chairman of the Trustees | 3.9yrs | CA$177.50k | 0.0060% CA$ 94.6k | |
| Independent Trustee | 3.9yrs | CA$135.00k | no data | |
| Independent Trustee | 3.9yrs | CA$152.50k | 0.013% CA$ 205.9k |
3.9yrs
Average Tenure
59.5yo
Average Age
Experienced Board: PMZ.UN's board of directors are considered experienced (3.9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 11:59 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/06/30 |
| 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 |
| |
| 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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Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Primaris Real Estate Investment Trust is covered by 12 analysts. 3 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 |
|---|---|
| Mark Rothschild | Canaccord Genuity |
| Sumayya Syed Hussain | CIBC Capital Markets |
| Dean Wilkinson | CIBC Capital Markets |