Freehold Royalties Ltd.

OTCPK:FRHL.F Stock Report

Market Cap: US$1.9b

Freehold Royalties Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

David Spyker

Chief executive officer

CA$2.5m

Total compensation

CEO salary percentage16.33%
CEO tenure5.8yrs
CEO ownership0.1%
Management average tenureno data
Board average tenure5.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Spyker's remuneration changed compared to Freehold Royalties's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CA$90m

Dec 31 2025CA$3mCA$411k

CA$92m

Sep 30 2025n/an/a

CA$129m

Jun 30 2025n/an/a

CA$120m

Mar 31 2025n/an/a

CA$153m

Dec 31 2024CA$1mCA$260k

CA$149m

Sep 30 2024n/an/a

CA$133m

Jun 30 2024n/an/a

CA$150m

Mar 31 2024n/an/a

CA$135m

Dec 31 2023CA$1mCA$241k

CA$132m

Sep 30 2023n/an/a

CA$138m

Jun 30 2023n/an/a

CA$159m

Mar 31 2023n/an/a

CA$202m

Dec 31 2022CA$1mCA$218k

CA$209m

Sep 30 2022n/an/a

CA$200m

Jun 30 2022n/an/a

CA$159m

Mar 31 2022n/an/a

CA$105m

Dec 31 2021CA$624kCA$187k

CA$72m

Sep 30 2021n/an/a

CA$41m

Jun 30 2021n/an/a

CA$19m

Mar 31 2021n/an/a

CA$726k

Dec 31 2020CA$355kCA$135k

-CA$14m

Sep 30 2020n/an/a

-CA$8m

Jun 30 2020n/an/a

-CA$6m

Mar 31 2020n/an/a

CA$3m

Dec 31 2019CA$347kCA$126k

CA$5m

Compensation vs Market: David's total compensation ($USD1.77M) is below average for companies of similar size in the US market ($USD5.14M).

Compensation vs Earnings: David's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

David Spyker (62 yo)

5.8yrs
Tenure
CA$2,517,887
Compensation

Mr. David Michael Spyker serves as President, Chief Executive Officer and Director at Freehold Royalties Ltd. since January 20, 2021. Mr. Spyker serves as President and Chief Executive Officer at Rife Reso...

Board Members

NamePositionTenureCompensationOwnership
David Spyker
President5.5yrsCA$2.52m0.13%
$ 2.3m
Marvin Romanow
Independent Chairman of the Board11.2yrsCA$300.00k0.12%
$ 2.3m
Gary Bugeaud
Independent Corporate Director11.2yrsCA$190.00k0.026%
$ 491.6k
Aidan Walsh
Independent Director13.2yrsCA$210.00k0.021%
$ 381.9k
Maureen Howe
Independent Director4.4yrsCA$215.00k0.015%
$ 281.3k
Kimberley Lynch Proctor
Independent Director2.2yrsCA$190.00k0.018%
$ 326.7k
Valerie Mitchell
Independent Director4.1yrsCA$190.00k0.0029%
$ 54.9k
J. Kay
Independent Corporate Director10.2yrsCA$215.00k0.012%
$ 226.8k
Mathieu Roy
Non-Independent Director2.2yrsCA$75.00k0.0013%
$ 24.4k
5.5yrs
Average Tenure
64yo
Average Age

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

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 02:00
End of Day Share Price 2026/07/06 00:00
Earnings2026/03/31
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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Freehold Royalties Ltd. is covered by 18 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Cormark
Grant HoferBarclays
Randy OllenbergerBMO Capital Markets Equity Research