City Office REIT Management
Management criteria checks 3/4
City Office REIT's CEO is Jamie Farrar, appointed in Apr 2014, has a tenure of 10.67 years. total yearly compensation is $2.38M, comprised of 22.1% salary and 77.9% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth $3.41M. The average tenure of the management team and the board of directors is 8.8 years and 9.2 years respectively.
Key information
Jamie Farrar
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 22.1% |
| CEO tenure | 10.7yrs |
| CEO ownership | 1.6% |
| Management average tenure | 8.8yrs |
| Board average tenure | 9.2yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | -US$17m |
| Jun 30 2024 | n/a | n/a | -US$14m |
| Mar 31 2024 | n/a | n/a | -US$11m |
| Dec 31 2023 | US$2m | US$525k | -US$10m |
| Sep 30 2023 | n/a | n/a | -US$20m |
| Jun 30 2023 | n/a | n/a | -US$18m |
| Mar 31 2023 | n/a | n/a | -US$14m |
| Dec 31 2022 | US$3m | US$475k | US$10m |
| Sep 30 2022 | n/a | n/a | US$455m |
| Jun 30 2022 | n/a | n/a | US$454m |
| Mar 31 2022 | n/a | n/a | US$453m |
| Dec 31 2021 | US$3m | US$475k | US$477m |
| Sep 30 2021 | n/a | n/a | US$44m |
| Jun 30 2021 | n/a | n/a | US$46m |
| Mar 31 2021 | n/a | n/a | US$45m |
| Dec 31 2020 | US$2m | US$475k | -US$3m |
| Sep 30 2020 | n/a | n/a | -US$424k |
| Jun 30 2020 | n/a | n/a | -US$4m |
| Mar 31 2020 | n/a | n/a | -US$4m |
| Dec 31 2019 | US$2m | US$400k | -US$6m |
| Sep 30 2019 | n/a | n/a | -US$15m |
| Jun 30 2019 | n/a | n/a | -US$15m |
| Mar 31 2019 | n/a | n/a | -US$17m |
| Dec 31 2018 | US$2m | US$400k | US$31m |
| Sep 30 2018 | n/a | n/a | US$36m |
| Jun 30 2018 | n/a | n/a | US$36m |
| Mar 31 2018 | n/a | n/a | US$47m |
| Dec 31 2017 | US$1m | US$325k | -US$2m |
Compensation vs Market: Jamie's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.44M).
Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.
CEO
Jamie Farrar (48 yo)
10.7yrs
Tenure
US$2,378,388
Compensation
Mr. James Thomas Farrar, also known as Jamie, serves as Chief Executive Officer and Director at City Office REIT Inc. since April 2014. He served as a Co-Managing Partner at Clarity Real Estate. He has exp...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.7yrs | US$2.38m | 1.59% $ 3.4m | |
| COO & President | 8.8yrs | US$2.38m | 1.41% $ 3.0m | |
| CFO, Secretary & Treasurer | 10.7yrs | US$1.34m | 0.52% $ 1.1m | |
| Senior Vice President of Finance | 3.3yrs | no data | no data | |
| Senior Vice President of Operations | 3.3yrs | no data | no data |
8.8yrs
Average Tenure
52yo
Average Age
Experienced Management: CIO.PRA's management team is seasoned and experienced (8.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.7yrs | US$2.38m | 1.59% $ 3.4m | |
| Independent Director | 1.8yrs | US$48.75k | 0.097% $ 207.9k | |
| Independent Director | 10.7yrs | US$125.82k | 0.086% $ 183.4k | |
| Independent Chairman | 7.8yrs | US$130.82k | 0.14% $ 290.7k | |
| Independent Director | 10.7yrs | US$123.32k | 0.080% $ 170.7k | |
| Independent Director | 5.8yrs | US$123.32k | 0.031% $ 66.7k |
9.2yrs
Average Tenure
52.5yo
Average Age
Experienced Board: CIO.PRA's board of directors are considered experienced (9.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 02:22 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* 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 here.
Analysis Model and Snowflake
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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 .
Analyst Sources
City Office REIT, Inc. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Merrill Ross | Boenning & Scattergood, Inc. |
| Craig Kucera | B. Riley Securities, Inc. |
| Barry Oxford | Colliers Securities |