BSR Real Estate Investment Trust

DB:XN0 Stock Report

Market Cap: €378.5m

BSR Real Estate Investment Trust Management

Management criteria checks 2/4

BSR Real Estate Investment Trust's CEO is Dan Oberste, appointed in Nov 2020, has a tenure of 5.42 years. total yearly compensation is $1.71M, comprised of 30.6% salary and 69.4% bonuses, including company stock and options. directly owns 0.91% of the company’s shares, worth €3.46M. The average tenure of the management team and the board of directors is 3.3 years and 4.3 years respectively.

Key information

Dan Oberste

Chief executive officer

US$1.7m

Total compensation

CEO salary percentage30.61%
CEO tenure5.4yrs
CEO ownership0.9%
Management average tenure3.3yrs
Board average tenure4.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dan Oberste's remuneration changed compared to BSR Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025n/an/a

-US$63m

Sep 30 2025n/an/a

-US$21m

Jun 30 2025n/an/a

-US$63m

Mar 31 2025n/an/a

-US$80m

Dec 31 2024US$2mUS$525k

-US$40m

Sep 30 2024n/an/a

-US$150m

Jun 30 2024n/an/a

-US$190m

Mar 31 2024n/an/a

-US$196m

Dec 31 2023US$2mUS$525k

-US$211m

Sep 30 2023n/an/a

-US$158m

Jun 30 2023n/an/a

-US$55m

Mar 31 2023n/an/a

US$152m

Dec 31 2022US$1mUS$500k

US$227m

Sep 30 2022n/an/a

US$315m

Jun 30 2022n/an/a

US$398m

Mar 31 2022n/an/a

US$273m

Dec 31 2021US$1mUS$400k

US$283m

Sep 30 2021n/an/a

US$174m

Jun 30 2021n/an/a

US$107m

Mar 31 2021n/an/a

US$31m

Dec 31 2020US$726kUS$301k

US$28m

Sep 30 2020n/an/a

US$52m

Jun 30 2020n/an/a

-US$2m

Mar 31 2020n/an/a

US$36m

Dec 31 2019US$714kUS$285k

-US$53m

Compensation vs Market: Dan's total compensation ($USD1.71M) is above average for companies of similar size in the German market ($USD942.41K).

Compensation vs Earnings: Dan's compensation has increased whilst the company is unprofitable.


CEO

Dan Oberste (43 yo)

5.4yrs
Tenure
US$1,714,945
Compensation

Mr. Daniel M. Oberste, also known as Dan, is Independent Trustee of Nexus Industrial REIT from May 14, 2025. He serves as President & Chief Executive Officer at Ledic Realty Management, LLC (formerly known...


Leadership Team

NamePositionTenureCompensationOwnership
Daniel Oberste
President5.4yrsUS$1.71m0.91%
€ 3.5m
Susan Koehn
Chief Operating Officer3.3yrsUS$1.09m0.31%
€ 1.2m
Thomas Cirbus
Chief Financial Officer & Secretary1.1yrsno data0.0041%
€ 15.4k
Steven Etchison
Chief Accounting Officer3.3yrsno data0.016%
€ 62.1k
Nick Stefanov
Vice President of Information Technology1.3yrsno datano data
Scott Ray
Chief Administrative Officer8yrsUS$400.27k0.24%
€ 899.3k
Spencer Andrews
VP of Marketing & Investor Relations2.3yrsno datano data
Mike Cirillo
Vice President of Asset Managementno datano datano data
Randy Jackson
Senior Vice President of Financeless than a yearno datano data
Davi Miesner
Senior Vice President of Operations3.3yrsno datano data
3.3yrs
Average Tenure

Experienced Management: XN0's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Daniel Oberste
President4.3yrsUS$1.71m0.91%
€ 3.5m
William Halter
Independent Trustee8yrsUS$126.99kno data
Bryan Held
Independent Trustee8yrsUS$158.79k0.024%
€ 89.0k
Graham Senst
Independent Trustee8.3yrsUS$163.59k0.39%
€ 1.5m
S. Marshall
Independent Chair of the Board3.9yrsUS$160.18kno data
Teresa Neto
Independent Trustee4.3yrsUS$128.92k0.019%
€ 70.5k
Mark Decker
Directorless than a yearno datano data
4.3yrs
Average Tenure
64yo
Average Age

Experienced Board: XN0's board of directors are considered experienced (4.3 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/04/12 06:51
End of Day Share Price 2026/04/10 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

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.

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 Github.

Analyst Sources

BSR Real Estate Investment Trust is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sairam SrinivasATB Cormark
Michael MarkidisBMO Capital Markets Equity Research
Tom CallaghanBMO Capital Markets Equity Research