Swire Properties Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Tim Blackburn

Chief executive officer

HK$13.6m

Total compensation

CEO salary percentage	28.9%
CEO tenure	3.3yrs
CEO ownership	n/a
Management average tenure	4.3yrs
Board average tenure	6.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tim Blackburn's remuneration changed compared to Swire Properties's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	HK$2b
Mar 31 2024	n/a	n/a	HK$2b
Dec 31 2023	HK$14m	HK$4m	HK$3b
Sep 30 2023	n/a	n/a	HK$4b
Jun 30 2023	n/a	n/a	HK$6b
Mar 31 2023	n/a	n/a	HK$7b
Dec 31 2022	HK$10m	HK$3m	HK$8b
Sep 30 2022	n/a	n/a	HK$9b
Jun 30 2022	n/a	n/a	HK$9b
Mar 31 2022	n/a	n/a	HK$8b
Dec 31 2021	HK$5m	HK$1m	HK$7b

Compensation vs Market: Tim's total compensation ($USD1.75M) is below average for companies of similar size in the German market ($USD4.83M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Tim Blackburn (54 yo)

3.3yrs

Tenure

HK$13,585,000

Compensation

Mr. Timothy Joseph Blackburn also known as Tim, serves as Chief Executive Officer and Executive Director at Swire Properties Limited since August 25, 2021. He served as Managing Director at The China Navig...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Guy Martin Coutts Bradley	Executive Chairman	16.8yrs	HK$2.52m	no data
Timothy Joseph Blackburn	CEO & Executive Director	3.3yrs	HK$13.59m	no data
Ngan Yee Lung	Finance Director & Executive Director	7.1yrs	HK$10.15m	no data
Suk Ching Ma	Executive Director	14.8yrs	HK$7.57m	no data
Christine Ling	Director of Human Resources	2.8yrs	no data	no data
Toby Smith	Chief Commercial Officer of Swire Hotels	4.8yrs	no data	no data
Dean Winter	Managing Director of Swire Hotels	4.4yrs	no data	no data
Guobang Peng	Chief Executive Officer of Mainland China	4.3yrs	no data	no data
Henry Bott	President of Real Estate Operation	1.8yrs	no data	no data
Bernadette Mak Lomas	Company Secretary	2.8yrs	no data	no data
Don Taylor	Director of Office	8.5yrs	no data	no data
Raymond Yau	General Manager of Technical Services & Sustainable Development	no data	no data	no data

4.3yrs

Average Tenure

58yo

Average Age

Experienced Management: SW9's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Guy Martin Coutts Bradley	Executive Chairman	16.8yrs	HK$2.52m	no data
Timothy Joseph Blackburn	CEO & Executive Director	3.3yrs	HK$13.59m	no data
Ngan Yee Lung	Finance Director & Executive Director	7.1yrs	HK$10.15m	no data
Suk Ching Ma	Executive Director	3.3yrs	HK$7.57m	no data
Nicholas Adam Hodnett Fenwick	Non-Executive Director	6.5yrs	no data	no data
Merlin Bingham Swire	Non-Executive Director	15.8yrs	no data	0% € 0
Yihong Wu	Independent Non-Executive Director	7.5yrs	HK$843.00k	no data
Siang Keat Lim	Non-Executive Director	11.3yrs	HK$575.00k	no data
Spencer Theodore Fung	Independent Non-Executive Director	11.9yrs	HK$741.00k	no data
Martin James Murray	Non-Executive Director	3.6yrs	no data	no data
Tak Kwan Choi	Independent Non-Executive Director	5.5yrs	HK$695.00k	no data
Changlai Zhu	Independent Non-Executive Director	1.5yrs	HK$373.00k	no data

6.8yrs

Average Tenure

57yo

Average Age

Experienced Board: SW9's board of directors are considered experienced (6.8 years average tenure).

Swire Properties Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Director recently sold €1.8m worth of stock

Swire Properties Limited, Annual General Meeting, May 07, 2024

Swire Properties Limited Appoints Richard Lawrence Sell as Non-Executive Director

Swire Properties Limited Appoints Henry Bott as President of Its Miami-Based U.S. Real Estate Operation

Swire Properties Limited Announces Board Changes, Effective from April 1, 2021

Recent updates

Investor sentiment improves as stock rises 16%

Now 24% undervalued

Investor sentiment improves as stock rises 15%

Non-Executive Director recently sold €1.8m worth of stock

First half dividend of HK$0.34 announced

New minor risk - Share price stability

Swire Properties Limited Announces Ordinary Interim (Semi-Annual) Dividend for the Financial Year End 31 December 2024, Payable on October 9, 2024

Swire Properties Limited to Report First Half, 2024 Results on Aug 08, 2024

Investor sentiment deteriorates as stock falls 15%

Now 20% undervalued

Now 26% undervalued after recent price drop

Now 22% undervalued

Now 21% undervalued

Final dividend of HK$0.72 announced

Swire Properties Limited, Annual General Meeting, May 07, 2024

Full year 2023 earnings released: EPS: HK$0.45 (vs HK$1.36 in FY 2022)

Swire Properties Limited Announces Second Interim Dividend for the Year Ended 31 December 2023, Payable 02 May 2024

Swire Properties Limited Provides Earnings Guidance for the Year Ending December 31, 2023

Swire Properties Limited Provides Earnings Guidance for the Year Ending December 31, 2023

Swire Properties Limited Appoints Richard Lawrence Sell as Non-Executive Director

Swire Properties Limited to Report Fiscal Year 2023 Results on Mar 14, 2024

New minor risk - Profit margin trend

Upcoming dividend of HK$0.33 per share at 6.0% yield

First half 2023 earnings released: EPS: HK$0.38 (vs HK$0.74 in 1H 2022)

Swire Properties Limited Announces First Interim Dividend for the Year Ended December 31, 2023, Payable on October 12, 2023

New major risk - Dividend sustainability

Swire Properties Limited to Report First Half, 2023 Results on Aug 10, 2023

Full year 2022 earnings released: EPS: HK$1.36 (vs HK$1.22 in FY 2021)

Upcoming dividend of HK$0.68 per share at 4.9% yield

Full year 2022 earnings released: EPS: HK$1.36 (vs HK$1.22 in FY 2021)

Swire Properties Limited Appoints Henry Bott as President of Its Miami-Based U.S. Real Estate Operation

Swire Properties Limited to Report Fiscal Year 2022 Results on Mar 09, 2023

Swire Properties Limited to Report First Half, 2022 Results on Sep 06, 2022

Swire Properties Limited to Report First Half, 2022 Results on Sep 06, 2022

Upcoming dividend of HK$0.32 per share

First half 2022 earnings released

Swire Properties Limited Declares First Interim Dividend for the Year Ending December 31, 2022, Payable on 06 October 2022

Swire Properties Limited to Report First Half, 2022 Results on Aug 11, 2022

Swire Properties Limited to Report Q2, 2022 Results on Aug 11, 2022

Upcoming dividend of HK$0.64 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of HK$0.31 per share

Non-Executive Director Patrick Healy has left the company

First half 2021 earnings released: EPS HK$0.34 (vs HK$0.18 in 1H 2020)

Full year 2020 earnings released: EPS HK$0.70 (vs HK$2.30 in FY 2019)

Non-Executive Director has left the company

Upcoming Dividend of HK$0.61 Per Share

Full year 2020 earnings released: EPS HK$0.70 (vs HK$2.30 in FY 2019)

Revenue beats expectations

Swire Properties Limited Declares Second Interim Dividend, Payable on May 6, 2021

New 90-day low: €2.28

Gateway Real Estate Fund VI, L.P. managed by Gaw Capital Partners and Schroder Pamfleet through its fund completed the acquisition of Cityplaza One Property from Swire Properties Limited (SEHK:1972).

Swire Properties Limited Announces Board Changes, Effective from April 1, 2021

Market bids up stock over the past week

New 90-day high: €2.44

Swire Properties, Swire Pacific to Resume SHR Trading PM on Talks to Sell Cityplaza One

Swire Properties Limited to Report Fiscal Year 2020 Results on Mar 11, 2021

Earnings released

Swire Properties Limited (SEHK:1972) completed the 80% stake in 102,420 square feet of property at No. 391 Chai Wan Road, Chai Wan from China Motor Bus Company, Limited (SEHK:26).

New 90-day low - €1.89

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age