SmartCentres Real Estate Investment Trust

TSX:SRU.UN Stock Report

Market Cap: CA$4.3b

SmartCentres Real Estate Investment Trust Management

Management criteria checks 4/4

SmartCentres Real Estate Investment Trust's CEO is Mitchell Goldhar, appointed in Sep 2021, has a tenure of 3.25 years. total yearly compensation is CA$1.53M, comprised of 27.3% salary and 72.7% bonuses, including company stock and options. directly owns 10.99% of the company’s shares, worth CA$467.30M. The average tenure of the management team and the board of directors is 3.3 years and 7.5 years respectively.

Key information

Mitchell Goldhar

Chief executive officer

CA$1.5m

Total compensation

CEO salary percentage27.3%
CEO tenure3.3yrs
CEO ownership11.0%
Management average tenure3.3yrs
Board average tenure7.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

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

CA$133m

Jun 30 2024n/an/a

CA$273m

Mar 31 2024n/an/a

CA$305m

Dec 31 2023CA$2mCA$419k

CA$414m

Sep 30 2023n/an/a

CA$484m

Jun 30 2023n/an/a

CA$312m

Mar 31 2023n/an/a

CA$307m

Dec 31 2022CA$1mCA$406k

CA$516m

Sep 30 2022n/an/a

CA$981m

Jun 30 2022n/an/a

CA$1b

Mar 31 2022n/an/a

CA$1b

Dec 31 2021CA$15mCA$392k

CA$828m

Sep 30 2021n/an/a

CA$322m

Jun 30 2021n/an/a

CA$266m

Mar 31 2021n/an/a

CA$72m

Dec 31 2020CA$1mCA$376k

CA$75m

Sep 30 2020n/an/a

CA$122m

Jun 30 2020n/an/a

CA$108m

Mar 31 2020n/an/a

CA$301m

Dec 31 2019CA$1mCA$350k

CA$314m

Sep 30 2019n/an/a

CA$312m

Jun 30 2019n/an/a

CA$312m

Mar 31 2019n/an/a

CA$318m

Dec 31 2018CA$957kCA$293k

CA$335m

Sep 30 2018n/an/a

CA$334m

Jun 30 2018n/an/a

CA$312m

Mar 31 2018n/an/a

CA$330m

Dec 31 2017CA$130kn/a

CA$297m

Compensation vs Market: Mitchell's total compensation ($USD1.07M) is below average for companies of similar size in the Canadian market ($USD3.18M).

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

CEO

Mitchell Goldhar (62 yo)

3.3yrs

Tenure

CA$1,534,259

Compensation

Mr. Mitchell Goldhar serves as Chief Executive Officer at SmartCentres Real Estate Investment Trust since September 9, 2021. He serves as President and Chief Executive Officer at Penguin Investments Inc. M...

Leadership Team

NamePositionTenureCompensationOwnership
Mitchell Goldhar
Executive Chairman & CEO3.3yrsCA$1.53m10.99%
CA$ 467.3m
Peter Slan
Chief Financial Officer2.2yrsCA$1.03m0.00068%
CA$ 28.9k
Rudy Gobin
Executive Vice President of Portfolio Management & Investments9.5yrsCA$1.24m0.045%
CA$ 1.9m
Dan Markou
Executive VP and Chief People & Culture Officer1.3yrsCA$1.17mno data
Paula Bustard
Executive Vice President of Development7.5yrsCA$844.83kno data
Hammad Rawra
Vice President of Investor Relationsless than a yearno datano data
Shea Calnan
Legal Counselno datano datano data
Allan Scully
Executive Vice President of Development9.6yrsno datano data
Julia Mok
Director of Operations Accountingno datano datano data
Tom Bazinet
Senior Director of Property Managementno datano datano data
Steve Hughes
Vice President of Operationsno datano datano data

3.3yrs

Average Tenure

59.5yo

Average Age

Experienced Management: SRU.UN's management team is considered experienced (3.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Mitchell Goldhar
Executive Chairman & CEO19.4yrsCA$1.53m10.99%
CA$ 467.3m
Michael Young
Lead Independent Trustee21.1yrsCA$315.50k0.11%
CA$ 4.8m
Sylvie Lachance
Independent Trustee3.5yrsCA$182.00kno data
Gregory Howard
Trustee9.4yrsCA$154.00k0.0010%
CA$ 44.2k
Janet Bannister
Independent Trustee3.5yrsCA$190.00kno data
Garry Foster
Independent Trustee11.6yrsCA$240.33k0.0013%
CA$ 54.9k
Neil Cunningham
Independent Directorless than a yearno data0.011%
CA$ 465.7k
Sharm Powell
Independent Trustee5.6yrsCA$227.50kno data

7.5yrs

Average Tenure

64yo

Average Age

Experienced Board: SRU.UN's board of directors are considered experienced (7.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 01:59
End of Day Share Price 2024/12/30 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

SmartCentres Real Estate Investment Trust is covered by 20 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
Michael MarkidisBMO Capital Markets Equity Research
Karine MacIndoeBMO Capital Markets Equity Research
Brendon AbramsCanaccord Genuity