Globalworth Real Estate Investments Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Dennis Selinas

Chief executive officer

€341.0k

Total compensation

CEO salary percentage	29.3%
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	1.3yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dennis Selinas's remuneration changed compared to Globalworth Real Estate Investments's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€341k	€100k	-€54m
Sep 30 2023	n/a	n/a	-€64m
Jun 30 2023	n/a	n/a	-€75m
Mar 31 2023	n/a	n/a	-€46m
Dec 31 2022	€75k	€11k	-€17m

Compensation vs Market: Dennis's total compensation ($USD364.59K) is below average for companies of similar size in the UK market ($USD1.33M).

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

CEO

Dennis Selinas

1.3yrs

Tenure

€341,000

Compensation

Mr. Dennis Selinas is employed with Argo Real Estate Opportunities Fund Limited. He serves as CEO & Executive Director at Globalworth Real Estate Investments Limited since Januray 1, 2023. Mr. Selinas is c...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Selinas	CEO & Executive Director	1.3yrs	€341.00k	no data
Rashid Mukhtar	Group Chief Financial Officer	less than a year	no data	no data
Adrian Danoiu	Chief Operating Officer	no data	no data	no data
Andrew Cox	Head of Investor Relations & Corporate Development	no data	no data	no data
Catalin Tirziu	Group Head of Legal	no data	no data	no data
G. Oltenescu	Group Head of Marketing & Communications	no data	no data	no data
Dimitris Pergamalis	Group Head Globalworth Workplaces	no data	no data	no data
G. Udroiu	Group Head of Property Compliance	no data	no data	no data
Ema Iftimie	Group Head of Leasing	no data	no data	no data
Marian Popa	Managing Director for Romania	3.2yrs	no data	no data
Mihai Zaharia	Group Capital Markets Director & Head of Investments - Romania	no data	no data	no data
Nicola Marrin	Company Secretary	no data	no data	no data

1.3yrs

Average Tenure

Experienced Management: GWI's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Selinas	CEO & Executive Director	1.3yrs	€341.00k	no data
Leon Sasse	Non-Executive Director	7.3yrs	no data	0.045% € 273.1k
Richard van Vliet	Independent Non-Executive Director	7.3yrs	€50.00k	no data
David Maimon	Independent Non-Executive Director	4yrs	€55.00k	no data
Daniel Malkin	Independent Non-Executive Director	2.4yrs	€55.00k	no data
Piotr Olendski	Independent Non-Executive Director	2.4yrs	€55.00k	no data
Andreas Tautscher	Senior Independent Non-Executive Director	2.4yrs	€58.00k	no data
Martin Bartyzal	Independent Non-Executive Chairman	4.1yrs	€75.00k	no data
Favieli Stelian	Independent Non-Executive Director	2.4yrs	€55.00k	no data
Panico Theocharides	Non-Executive Director	1.1yrs	no data	no data

2.4yrs

Average Tenure

59yo

Average Age

Experienced Board: GWI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Globalworth Real Estate Investments Management

Management criteria checks 1/4

Key information

Recent management updates

Globalworth Real Estate Investments Limited, Annual General Meeting, Jun 17, 2024

High number of new directors

Globalworth Real Estate Investments Limited Announces CEO Succession

Globalworth Real Estate Investments Limited Announces CEO Succession

High number of new directors

High number of new directors

Recent updates

Globalworth Real Estate Investments Limited, Annual General Meeting, Jun 17, 2024

Final dividend reduced to €0.11

Globalworth Real Estate Investments Limited Approves an Interim Dividend in Respect of the Six Month Period Ended 31 December 2023, Payable on 26 April 2023

Full year 2023 earnings released: €0.23 loss per share (vs €0.08 loss in FY 2022)

New minor risk - Share price stability

Now 21% undervalued

Now 23% undervalued

First half 2023 earnings released: €0.11 loss per share (vs €0.15 profit in 1H 2022)

Globalworth Real Estate Investments Limited Approves the Payment of an Interim Dividend in Respect of the Six Month Period Ended 30 June 2023, Payable on 10 October 2023

Now 22% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Full year 2022 earnings released

Investor sentiment deteriorates as stock falls 17%

Now 23% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 23% undervalued after recent price drop

Now 21% undervalued

Price target decreased to €7.60

High number of new directors

Globalworth Real Estate Investments Limited Announces CEO Succession

Globalworth Real Estate Investments Limited Announces CEO Succession

Globalworth Real Estate Investments Limited (AIM:GWI) and Global Vision Property Management Srl acquired Industrial and logistics project in Targu Mures.

First half 2022 earnings released: EPS: €0 (vs €0.057 in 1H 2021)

Globalworth Real Estate Investments Limited Approves Interim Dividend for the Six Month Period Ended June 30, 2022, Payable on September 30, 2022

Now 24% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Price target decreased to €7.60

High number of new directors

High number of new directors

Full year 2021 earnings: Revenues in line with analyst expectations

Price target decreased to €7.60

5Th Corner Bvba signed a preliminary agreement to acquire five office buildings in Warsaw from Globalworth Real Estate Investments Limited (AIM:GWI) for approximately €120 million.

First half 2021 earnings released: EPS €0.057 (vs €0.22 loss in 1H 2020)

Zakiono Enterprises Limited acquired 5% stake in Globalworth Real Estate Investments Limited (AIM:GWI) from The European Bank for Reconstruction and Development.

Key Executive recently sold €5.3m worth of stock

Independent Chairman of the Board exercised options to buy €77k worth of stock.

Globalworth Real Estate Investments Limited (AIM:GWI) acquired Two industrial projects in western Romania from Global Vision Srl for €18 million.

Full year 2020 earnings released: €0.21 loss per share (vs €0.94 profit in FY 2019)

Revenue beats expectations

Full year 2020 earnings released: €0.21 loss per share (vs €0.94 profit in FY 2019)

Upcoming Dividend of €0.15 Per Share

New 90-day high: €7.35

Globalworth Real Estate Investment Appoints Marian V. Popa as Managing Director for Romania, Effective March 1, 2021

Globalworth Real Estate Investments Limited Announces Management Changes

New 90-day high: €6.90

Market bids up stock over the past week

Globalworth Real Estate Investments Limited has completed a Follow-on Equity Offering in the amount of £264.287541 million.

Globalworth Real Estate Investments Limited (AIM:GWI) acquired remaining 50% stake in Renault Bucharest Connected office building in Bucharest from Elgan Group for €73 million.

CPI Property Group S.A. (XTRA:O5G) acquired 12.2% stake in Globalworth Real Estate Investments Limited from Ioannis Papalekas for approximately €230 million.

First half earnings released

Price target lowered to €8.90

New 90-day low - €4.90

Earnings released

New 90-day low - €5.40

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age