Pennsylvania Real Estate Investment Trust Management
Management criteria checks 2/4
Pennsylvania Real Estate Investment Trust's CEO is Joe Coradino, appointed in Jun 2012, has a tenure of 10.75 years. total yearly compensation is $6.32M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.53% of the company’s shares, worth €37.62K. The average tenure of the management team and the board of directors is 6.7 years and 7.8 years respectively.
Key information
Joe Coradino
Chief executive officer
US$6.3m
Total compensation
| CEO salary percentage | 14.2% |
| CEO tenure | 10.8yrs |
| CEO ownership | 0.5% |
| Management average tenure | 6.7yrs |
| Board average tenure | 7.8yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2022 | n/a | n/a | -US$169m |
| Jun 30 2022 | n/a | n/a | -US$136m |
| Mar 31 2022 | n/a | n/a | -US$150m |
| Dec 31 2021 | US$6m | US$900k | -US$160m |
| Sep 30 2021 | n/a | n/a | -US$328m |
| Jun 30 2021 | n/a | n/a | -US$319m |
| Mar 31 2021 | n/a | n/a | -US$317m |
| Dec 31 2020 | US$4m | US$850k | -US$287m |
| Sep 30 2020 | n/a | n/a | -US$107m |
| Jun 30 2020 | n/a | n/a | -US$54m |
| Mar 31 2020 | n/a | n/a | -US$38m |
| Dec 31 2019 | US$5m | US$850k | -US$39m |
| Sep 30 2019 | n/a | n/a | -US$103m |
| Jun 30 2019 | n/a | n/a | -US$128m |
| Mar 31 2019 | n/a | n/a | -US$150m |
| Dec 31 2018 | US$5m | US$800k | -US$138m |
| Sep 30 2018 | n/a | n/a | -US$55m |
| Jun 30 2018 | n/a | n/a | -US$43m |
| Mar 31 2018 | n/a | n/a | -US$61m |
| Dec 31 2017 | US$4m | US$750k | -US$58m |
| Sep 30 2017 | n/a | n/a | -US$84m |
| Jun 30 2017 | n/a | n/a | -US$89m |
| Mar 31 2017 | n/a | n/a | -US$32m |
| Dec 31 2016 | US$4m | US$750k | -US$26m |
Compensation vs Market: Joe's total compensation ($USD6.32M) is above average for companies of similar size in the German market ($USD418.12K).
Compensation vs Earnings: Joe's compensation has increased whilst the company is unprofitable.
CEO
Joe Coradino (70 yo)
10.8yrs
Tenure
US$6,321,533
Compensation
Mr. Joseph F. Coradino, also known as Joe, has been the Chief Executive Officer at Pennsylvania Real Estate Investment Trust since June 7, 2012 and has been Chairman of the Board since February 2017 and Tr...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 10.8yrs | US$6.32m | 0.53% $ 37.6k | |
| Executive VP & CFO | 3.2yrs | US$2.07m | 0.16% $ 11.5k | |
| Executive VP | 5.2yrs | US$1.21m | 0.13% $ 8.9k | |
| Executive Vice President of Finance & Acquisitions | 8.2yrs | US$1.26m | 0.12% $ 8.4k | |
| Executive Vice President of Leasing | 16.2yrs | US$1.26m | 0.14% $ 10.1k | |
| VP, Controller & Chief Accounting Officer | 4.2yrs | no data | 0.0037% $ 263.6 | |
| Vice President of Marketing | less than a year | no data | no data | |
| Senior Vice President of Acquisitions | 1.2yrs | no data | no data | |
| Regional Marketing Director of East Region Properties | 13.8yrs | no data | no data | |
| General Manager of Springfield Mall | 12.7yrs | no data | no data |
6.7yrs
Average Tenure
53.5yo
Average Age
Experienced Management: WX3A's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 16.9yrs | US$6.32m | 0.53% $ 37.6k | |
| Independent Trustee | 19.3yrs | US$250.50k | 0.24% $ 17.0k | |
| Independent Trustee | 19.3yrs | US$230.50k | 0.35% $ 24.5k | |
| Independent Trustee | 5.8yrs | US$284.00k | 0.19% $ 13.5k | |
| Independent Trustee | 9.8yrs | US$243.00k | 0.20% $ 14.2k | |
| Independent Trustee | 5.1yrs | US$247.00k | 0.16% $ 11.5k | |
| Trustee | less than a year | no data | no data | |
| Lead Independent Trustee | 7.8yrs | US$550.50k | 0.070% $ 4.9k | |
| Trustee | less than a year | no data | 0.025% $ 1.8k |
7.8yrs
Average Tenure
70yo
Average Age
Experienced Board: WX3A's board of directors are considered experienced (7.8 years average tenure).