Nextensa/SA Management

Management criteria checks 4/4

Nextensa/SA's CEO is Michel Van Geyte, appointed in Jun 2018, has a tenure of 6.42 years. total yearly compensation is €607.13K, comprised of 73.3% salary and 26.7% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €27.00K. The average tenure of the management team and the board of directors is 6.4 years and 5.5 years respectively.

Key information

Michel Van Geyte

Chief executive officer

€607.1k

Total compensation

CEO salary percentage	73.3%
CEO tenure	6.4yrs
CEO ownership	0.007%
Management average tenure	6.4yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Michel Van Geyte's remuneration changed compared to Nextensa/SA's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	n/a	n/a	€21m
Mar 31 2024	n/a	n/a	€23m
Dec 31 2023	€607k	€445k	€24m
Sep 30 2023	n/a	n/a	€41m
Jun 30 2023	n/a	n/a	€58m
Mar 31 2023	n/a	n/a	€64m
Dec 31 2022	€621k	€425k	€71m
Sep 30 2022	n/a	n/a	€64m
Jun 30 2022	n/a	n/a	€56m
Mar 31 2022	n/a	n/a	€55m
Dec 31 2021	€619k	€343k	€53m
Sep 30 2021	n/a	n/a	€60m
Jun 30 2021	n/a	n/a	€66m
Mar 31 2021	n/a	n/a	€37m
Dec 31 2020	€503k	€303k	€8m
Sep 30 2020	n/a	n/a	-€1m
Jun 30 2020	n/a	n/a	-€6m
Mar 31 2020	n/a	n/a	€22m
Dec 31 2019	€675k	€425k	€50m
Sep 30 2019	n/a	n/a	€51m
Jun 30 2019	n/a	n/a	€44m
Mar 31 2019	n/a	n/a	€41m
Dec 31 2018	€510k	€362k	€38m
Sep 30 2018	n/a	n/a	€43m
Jun 30 2018	n/a	n/a	€52m
Mar 31 2018	n/a	n/a	€50m
Dec 31 2017	€452k	€362k	€48m

Compensation vs Market: Michel's total compensation ($USD636.07K) is below average for companies of similar size in the German market ($USD1.03M).

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

CEO

Michel Van Geyte (58 yo)

6.4yrs

Tenure

€607,130

Compensation

Mr. Michel Van Geyte serves as a Non-Executive Director at Retail Estates N.V. since 2020 and served as its Independent Director from January 2020 to 2020. Mr. Geyte was a Non-executive Director at Retail...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Michel Van Geyte	CEO, MD & Executive Director of Leasinvest Real Estate Management SA	6.4yrs	€607.13k	0.0068% € 27.0k
Tim Rens	Chief Financial Officer of Leasinvest Real Estate Management SA	7.5yrs	no data	no data
Peter De Durpel	Chief Operations Officer	no data	no data	no data
Olivier Vuylsteke	Chief Investment Officer	2.8yrs	no data	no data

6.4yrs

Average Tenure

49.5yo

Average Age

Experienced Management: L3R's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Michel Van Geyte	CEO, MD & Executive Director of Leasinvest Real Estate Management SA	11.7yrs	€607.13k	0.0068% € 27.0k
Piet Dejonghe	Chairman of the Board of Directors of Leasinvest Real Estate Management SA	8.3yrs	€60.00k	no data
Hilde Delabie	Non-executive Director of Leasinvest Real Estate Management SA	2.5yrs	€44.50k	no data
Jo De Wolf	Independent Director of Leasinvest Real Estate Management SA	1.5yrs	€13.50k	no data
Dirk Adriaenssen	Independent Non-Executive Director of Leasinvest Real Estate Management SA	6.5yrs	€37.00k	no data
Arne Hermans	Independent Director of Leasinvest Real Estate Management SA	no data	€16.00k	no data
Sigrid Hermans	Independent Director of Leasinvest Real Estate Management SA	5.5yrs	€53.50k	no data
An Herremans	Non-executive Director of Leasinvest Real Estate Management SA	2.5yrs	€44.50k	no data

5.5yrs

Average Tenure

54yo

Average Age

Experienced Board: L3R's board of directors are considered experienced (5.5 years average tenure).

Nextensa/SA Management

Management criteria checks 4/4

Key information

Recent management updates

Nextensa NV/SA, Annual General Meeting, May 21, 2024

Less than half of directors are independent

Insufficient new directors

Insufficient new directors

Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022

Recent updates

First half 2024 earnings released: EPS: €1.39 (vs €1.71 in 1H 2023)

Now 20% undervalued after recent price drop

Nextensa NV/SA to Report Fiscal Year 2024 Final Results on Mar 28, 2025

Upcoming dividend of €1.05 per share

Dividend of €1.05 announced

Nextensa NV/SA to Report Q3, 2024 Results on Nov 14, 2024

Full year 2023 earnings released

Luxembourg acquired Darwin II office building from Promobe SA and Nextensa NV/SA (ENXTBR:NEXTA).

Nextensa NV/SA (ENXTBR:NEXTA) acquired Montoyer 24 from Fedustria.

First half 2023 earnings released: EPS: €1.71 (vs €3.08 in 1H 2022)

New major risk - Dividend sustainability

Nextensa NV/SA, Annual General Meeting, May 21, 2024

Less than half of directors are independent

Nextensa NV/SA to Report Fiscal Year 2023 Results on Mar 29, 2024

Upcoming dividend of €1.82 per share at 5.5% yield

Full year 2022 earnings released

Nextensa to Report Fiscal Year 2023 Results on Feb 14, 2024

Codic International SA completed the acquisition of GK5 Sàrl from Codic International SA.

Insufficient new directors

REInvest Asset Management S.A. acquired Bronze Gate office property from Nextensa (ENXTBR:NEXTA) and Promobe SA for €65 million.

Investor sentiment improved over the past week

First half 2022 earnings released: EPS: €3.08 (vs €4.72 in 1H 2021)

Investor sentiment improved over the past week

Insufficient new directors

Upcoming dividend of €1.75 per share

Leasinvest Real Estate SCA, Annual General Meeting, May 16, 2022

Full year 2021 earnings released: EPS: €6.85 (vs €1.30 in FY 2020)

Full year 2021 earnings: Revenues in line with analyst expectations

Benelux Commercial Real Estate Fund, fund managed by Edmond de Rothschild Real Estate Investment Management acquired MONNET Building in Luxembourg from Leasinvest Real Estate SCA (ENXTBR:NEXTA).

Leasinvest Real Estate SCA (ENXTBR:LEAS) completed the acquisition of Extensa Group SA from Ackermans & Van Haaren NV (ENXTBR:ACKB).

Leasinvest Real Estate SCA (ENXTBR:NEXTA) commences an Equity Buyback Plan under the authorization approved on July 18, 2021.

First half 2021 earnings released: EPS €4.72 (vs €5.18 loss in 1H 2020)

Upcoming dividend of €3.68 per share

Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)

Full year 2020 earnings released: EPS €1.30 (vs €8.42 in FY 2019)

New 90-day low: €73.40

Revenue misses expectations

An unknown buyer acquired an office building of 1,750 m², located Route d'Esch 25 in Luxembourg City from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €13 million.

Qrf Comm. VA (ENXTBR:QRF) entered into an agreement to acquire State Archives Bruges from Leasinvest Real Estate SCA (ENXTBR:LEAS) for €20.6 million.

Leasinvest Real Estate SCA to Report First Half, 2021 Results on Aug 19, 2021

New 90-day low: €77.20

Leasinvest Real Estate SCA to Report Q1, 2021 Results on May 17, 2021

Earnings released

New 90-day low - €79.40

Leasinvest Real Estate SCA to Report Q3, 2020 Results on Nov 17, 2020

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age