H&R Real Estate Investment Trust

DB:HR3A Stock Report

Market Cap: €1.8b

H&R Real Estate Investment Trust Management

Management criteria checks 3/4

H&R Real Estate Investment Trust's CEO is Tom Hofstedter, appointed in Dec 1996, has a tenure of 28.92 years. total yearly compensation is CA$4.45M, comprised of 27% salary and 73% bonuses, including company stock and options. directly owns 1.43% of the company’s shares, worth €25.08M. The average tenure of the management team and the board of directors is 3.8 years and 3.5 years respectively.

Key information

Tom Hofstedter

Chief executive officer

CA$4.5m

Total compensation

CEO salary percentage27.0%
CEO tenure28yrs
CEO ownership1.4%
Management average tenure3.8yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tom Hofstedter's remuneration changed compared to H&R Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-CA$262m

Jun 30 2024n/an/a

-CA$215m

Mar 31 2024n/an/a

-CA$1m

Dec 31 2023CA$4mCA$1m

CA$62m

Sep 30 2023n/an/a

-CA$43m

Jun 30 2023n/an/a

-CA$202m

Mar 31 2023n/an/a

-CA$30m

Dec 31 2022CA$5mCA$1m

CA$845m

Sep 30 2022n/an/a

CA$1b

Jun 30 2022n/an/a

CA$1b

Mar 31 2022n/an/a

CA$1b

Dec 31 2021CA$4mCA$1m

CA$598m

Sep 30 2021n/an/a

CA$501m

Jun 30 2021n/an/a

CA$614m

Mar 31 2021n/an/a

CA$555m

Dec 31 2020CA$4mCA$1m

-CA$625m

Sep 30 2020n/an/a

-CA$573m

Jun 30 2020n/an/a

-CA$751m

Mar 31 2020n/an/a

-CA$678m

Dec 31 2019CA$4mCA$1m

CA$340m

Sep 30 2019n/an/a

CA$238m

Jun 30 2019n/an/a

CA$274m

Mar 31 2019n/an/a

CA$273m

Dec 31 2018CA$4mCA$1m

CA$338m

Sep 30 2018n/an/a

CA$602m

Jun 30 2018n/an/a

CA$575m

Mar 31 2018n/an/a

CA$620m

Dec 31 2017CA$4mCA$1m

CA$668m

Compensation vs Market: Tom's total compensation ($USD3.10M) is above average for companies of similar size in the German market ($USD1.52M).

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

CEO

Tom Hofstedter (70 yo)

28yrs

Tenure

CA$4,450,000

Compensation

Mr. Thomas J. Hofstedter, also known as Tom, is Trustee of Lantower Residential Real Estate Development Trust (No. 1) from February 12, 2024. Mr. Hofstedter served as the President of H&R Real Estate Inves...

Leadership Team

NamePositionTenureCompensationOwnership
Thomas Hofstedter
CEO & Executive Chairman28yrsCA$4.45m1.43%
€ 25.1m
Larry Froom
Chief Financial Officer18.3yrsCA$2.70m0.056%
€ 981.7k
Robyn Kestenberg
Executive Vice President of Office & Industrial3.2yrsCA$1.80m0.046%
€ 805.8k
Emily Watson
Chief Operating Officer of Lantower Residential3.2yrsCA$1.09m0.00034%
€ 6.0k
Matthew Kingston
Executive Vice President of Development & Construction3.2yrsCA$936.25kno data
Blair Kundell
Executive Vice President of Operations4.4yrsno data0.00088%
€ 15.4k
Cheryl Fried
Executive Vice President of Finance10.9yrsCA$521.00kno data
Brenda Huggins
Senior Vice President of Human Resources of Primarisno datano datano data
Colleen Grahn
President of Property Management- Lantower Residential3.2yrsno datano data
Audrey Craig
Executive Vice President of Accounting - Lantower Residentialno datano datano data
Hunter Webb
Executive Vice President of Development - Lantower Residentialno datano datano data
Tony Duplisse
Executive Vice President of Portfolio Management - Lantower Residentialno datano datano data

3.8yrs

Average Tenure

59yo

Average Age

Experienced Management: HR3A's management team is considered experienced (3.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Thomas Hofstedter
CEO & Executive Chairman28.9yrsCA$4.45m1.43%
€ 25.1m
Sandor Hofstedter
Honorary Chairmanno datano datano data
Juli Morrow
Non-Independent Trustee7.5yrsCA$120.00k0.012%
€ 210.5k
Donald Clow
Independent Lead Trustee1.8yrsCA$227.25k0.013%
€ 220.1k
Marvin Rubner
Independent Trustee4.5yrsCA$167.50kno data
Shimshon Gross
Independent Director3.5yrsCA$170.70k0.0024%
€ 42.1k
Leonard Abramsky
Independent Trustee1.5yrsCA$85.00k0.0076%
€ 133.9k
Brenna Haysom
Independent Trustee4.5yrsCA$180.50k0.0084%
€ 148.3k
Lindsay Brand
Independent Trustee1.5yrsCA$85.00k0.00048%
€ 8.4k
Jennifer Chasson
Independent Director3.5yrsCA$180.00k0.00087%
€ 15.3k
Mark Cowie
Independent Director3.5yrsCA$176.80k0.034%
€ 589.2k

3.5yrs

Average Tenure

62yo

Average Age

Experienced Board: HR3A's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 07:26
End of Day Share Price 2024/12/23 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

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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

H&R Real Estate Investment Trust is covered by 16 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Karine MacIndoeBMO Capital Markets Equity Research
Clarence PowellBMO Capital Markets Equity Research
Shant PoladianCanaccord Genuity