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 5.67 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$3.34M. The average tenure of the management team and the board of directors is 4.3 years and 7.5 years respectively.
Key information
Jonathan Gitlin
Chief executive officer
CA$4.5m
Total compensation
| CEO salary percentage | 20.7% |
| CEO tenure | 5.7yrs |
| CEO ownership | 0.06% |
| Management average tenure | 4.3yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | CA$230m |
| Jun 30 2024 | n/a | n/a | CA$60m |
| Mar 31 2024 | n/a | n/a | CA$49m |
| Dec 31 2023 | CA$4m | CA$925k | CA$39m |
| Sep 30 2023 | n/a | n/a | CA$152m |
| Jun 30 2023 | n/a | n/a | CA$228m |
| Mar 31 2023 | n/a | n/a | CA$195m |
| Dec 31 2022 | CA$4m | CA$900k | CA$237m |
| Sep 30 2022 | n/a | n/a | CA$451m |
| Jun 30 2022 | n/a | n/a | CA$585m |
| Mar 31 2022 | n/a | n/a | CA$652m |
| Dec 31 2021 | CA$4m | CA$851k | CA$598m |
| Sep 30 2021 | n/a | n/a | CA$455m |
| Jun 30 2021 | n/a | n/a | CA$435m |
| Mar 31 2021 | n/a | n/a | -CA$61m |
| Dec 31 2020 | CA$2m | CA$700k | -CA$65m |
| Sep 30 2020 | n/a | n/a | CA$20m |
| Jun 30 2020 | n/a | n/a | CA$80m |
| Mar 31 2020 | n/a | n/a | CA$684m |
| Dec 31 2019 | CA$2m | CA$575k | CA$776m |
| Sep 30 2019 | n/a | n/a | CA$775m |
| Jun 30 2019 | n/a | n/a | CA$726m |
| Mar 31 2019 | n/a | n/a | CA$585m |
| Dec 31 2018 | CA$2m | CA$496k | CA$527m |
| Sep 30 2018 | n/a | n/a | CA$587m |
| Jun 30 2018 | n/a | n/a | CA$639m |
| Mar 31 2018 | n/a | n/a | CA$681m |
| Dec 31 2017 | CA$1m | CA$450k | CA$705m |
Compensation vs Market: Jonathan's total compensation ($USD3.20M) 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)
5.7yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.7yrs | CA$4.47m | 0.059% CA$ 3.3m | |
| Chief Financial Officer | 3.2yrs | CA$1.74m | 0.011% CA$ 640.2k | |
| Chief Operating Officer | 2.8yrs | CA$1.57m | 0.031% CA$ 1.8m | |
| Chief Investment Officer | 3.6yrs | CA$1.56m | 0.013% CA$ 731.3k | |
| Senior VP of ESG | 7.3yrs | CA$1.35m | 0.0053% CA$ 299.9k | |
| Vice President of Investor Relations | 4.8yrs | no data | 0.0019% CA$ 108.7k | |
| Senior Vice President of People & Brand | 4.8yrs | no data | 0.0046% CA$ 259.5k | |
| Senior Vice President of Leasing & Tenant Construction | 16.8yrs | CA$1.70m | no data | |
| Senior Vice President of Leasing & Tenant Experience | 5.5yrs | no data | 0.0086% CA$ 486.6k | |
| Senior Vice President of Finance | 2.8yrs | CA$750.80k | 0.0040% CA$ 225.9k | |
| Vice President of Asset Management | 1.8yrs | no data | no data | |
| Vice President of Finance & Treasurer | 3.8yrs | no data | 0.000030% CA$ 1.7k |
4.3yrs
Average Tenure
Experienced Management: REI.UN's management team is considered experienced (4.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.6yrs | CA$4.47m | 0.059% CA$ 3.3m | |
| Independent Lead Trustee | 7.5yrs | CA$260.00k | no data | |
| Non-Executive Chairman of the Board | 30.9yrs | CA$375.00k | 0.16% CA$ 8.9m | |
| Independent Trustee | 15.8yrs | CA$205.00k | 0.0074% CA$ 422.8k | |
| Trustee | 20.4yrs | CA$190.00k | 0.010% CA$ 566.8k | |
| Independent Trustee | 6.5yrs | CA$190.00k | 0.0024% CA$ 136.0k | |
| Independent Director | 3.5yrs | CA$215.00k | 0.010% CA$ 567.9k | |
| Independent Trustee | 11.4yrs | CA$190.00k | no data | |
| Independent Trustee | 9.4yrs | CA$210.00k | 0.0040% CA$ 225.9k | |
| Independent Director | 2.4yrs | CA$190.00k | 0.0048% CA$ 274.3k | |
| Independent Trustee | less than a year | no data | no data |
7.5yrs
Average Tenure
67yo
Average Age
Experienced Board: REI.UN's board of directors are considered experienced (7.5 years average tenure).