RioCan Real Estate Investment Trust

TSX:REI.UN Stock Report

Market Cap: CA$5.5b

RioCan Real Estate Investment Trust Management

Management criteria checks 4/4

RioCan Real Estate Investment Trust's CEO is Jonathan Gitlin, appointed in Mar 2019, has a tenure of 5.75 years. total yearly compensation is CA$4.47M, comprised of 20.7% salary and 79.3% bonuses, including company stock and options. directly owns 0.059% of the company’s shares, worth CA$3.25M. The average tenure of the management team and the board of directors is 4.4 years and 7.6 years respectively.

Key information

Jonathan Gitlin

Chief executive officer

CA$4.5m

Total compensation

CEO salary percentage20.7%
CEO tenure5.8yrs
CEO ownership0.06%
Management average tenure4.4yrs
Board average tenure7.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jonathan Gitlin's remuneration changed compared to RioCan Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$230m

Jun 30 2024n/an/a

CA$60m

Mar 31 2024n/an/a

CA$49m

Dec 31 2023CA$4mCA$925k

CA$39m

Sep 30 2023n/an/a

CA$152m

Jun 30 2023n/an/a

CA$228m

Mar 31 2023n/an/a

CA$195m

Dec 31 2022CA$4mCA$900k

CA$237m

Sep 30 2022n/an/a

CA$451m

Jun 30 2022n/an/a

CA$585m

Mar 31 2022n/an/a

CA$652m

Dec 31 2021CA$4mCA$851k

CA$598m

Sep 30 2021n/an/a

CA$455m

Jun 30 2021n/an/a

CA$435m

Mar 31 2021n/an/a

-CA$61m

Dec 31 2020CA$2mCA$700k

-CA$65m

Sep 30 2020n/an/a

CA$20m

Jun 30 2020n/an/a

CA$80m

Mar 31 2020n/an/a

CA$684m

Dec 31 2019CA$2mCA$575k

CA$776m

Sep 30 2019n/an/a

CA$775m

Jun 30 2019n/an/a

CA$726m

Mar 31 2019n/an/a

CA$585m

Dec 31 2018CA$2mCA$496k

CA$527m

Sep 30 2018n/an/a

CA$587m

Jun 30 2018n/an/a

CA$639m

Mar 31 2018n/an/a

CA$681m

Dec 31 2017CA$1mCA$450k

CA$705m

Compensation vs Market: Jonathan's total compensation ($USD3.11M) is about average for companies of similar size in the Canadian market ($USD3.18M).

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

CEO

Jonathan Gitlin (51 yo)

5.8yrs

Tenure

CA$4,469,884

Compensation

Mr. Jonathan Gitlin serves as Chief Executive Officer and Non Independent Trustee at RioCan Real Estate Investment Trust since April 1, 2021. He was an Additional Trustee at RioCan Real Estate Investment T...

Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Gitlin
President5.8yrsCA$4.47m0.059%
CA$ 3.3m
Dennis Blasutti
Chief Financial Officer3.3yrsCA$1.74m0.011%
CA$ 627.0k
John Ballantyne
Chief Operating Officer2.9yrsCA$1.57m0.031%
CA$ 1.7m
Andrew Duncan
Chief Investment Officer3.7yrsCA$1.56m0.013%
CA$ 712.4k
Jennifer Suess
Senior VP of ESG7.3yrsCA$1.35m0.0046%
CA$ 253.3k
Kim Lee
Vice President of Investor Relations4.9yrsno data0.0019%
CA$ 105.9k
Terri Andrianopoulos
Senior Vice President of People & Brand4.9yrsno data0.0046%
CA$ 252.8k
Jeff Ross
Senior Vice President of Leasing & Tenant Construction16.9yrsCA$1.70mno data
Oliver Harrison
Senior Vice President of Leasing & Tenant Experience5.6yrsno data0.0072%
CA$ 399.7k
Franca Smith
Senior Vice President of Finance2.9yrsCA$750.80k0.0040%
CA$ 220.1k
John McKinnon
Vice President of Asset Management1.9yrsno datano data
Rocky Kim
Vice President of Finance & Treasurer3.9yrsno data0.000030%
CA$ 1.7k

4.4yrs

Average Tenure

Experienced Management: REI.UN's management team is considered experienced (4.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jonathan Gitlin
President3.7yrsCA$4.47m0.059%
CA$ 3.3m
Siim Vanaselja
Independent Lead Trustee7.6yrsCA$260.00kno data
Edward Sonshine
Non-Executive Chairman of the Board31yrsCA$375.00k0.14%
CA$ 7.8m
Charles Winograd
Independent Trustee15.8yrsCA$205.00k0.0074%
CA$ 411.9k
Dale Lastman
Trustee20.5yrsCA$190.00k0.010%
CA$ 552.1k
Richard Dansereau
Independent Trustee6.6yrsCA$190.00k0.0024%
CA$ 132.5k
Janice Fukakusa
Independent Director3.6yrsCA$215.00k0.010%
CA$ 553.3k
Bonnie Brooks
Independent Trustee11.5yrsCA$190.00kno data
S. Marshall
Independent Trustee9.5yrsCA$210.00k0.0040%
CA$ 220.1k
Marie-Josee Lamothe
Independent Director2.5yrsCA$190.00k0.0048%
CA$ 267.2k
Guy Metcalfe
Independent Trusteeless than a yearno datano data

7.6yrs

Average Tenure

67yo

Average Age

Experienced Board: REI.UN's board of directors are considered experienced (7.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:28
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

RioCan Real Estate Investment Trust is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kevin ChuAccountability Research Corporation
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research