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 10.08 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 $2.98M. The average tenure of the management team and the board of directors is 8.3 years and 8.6 years respectively.
Key information
Jamie Farrar
Chief executive officer
US$2.4m
Total compensation
| CEO salary percentage | 22.1% |
| CEO tenure | 10.1yrs |
| CEO ownership | 1.6% |
| Management average tenure | 8.3yrs |
| Board average tenure | 8.6yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD1.64M).
Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.
CEO
Jamie Farrar (47 yo)
10.1yrs
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 | 10.1yrs | US$2.38m | 1.59% $ 3.0m | |
| COO & President | 8.3yrs | US$2.38m | 1.41% $ 2.6m | |
| CFO, Secretary & Treasurer | 10.1yrs | US$1.34m | 0.52% $ 972.2k | |
| Senior Vice President of Finance | 2.7yrs | no data | no data | |
| Senior Vice President of Operations | 2.7yrs | no data | no data |
8.3yrs
Average Tenure
51yo
Average Age
Experienced Management: CIO.PRA's management team is seasoned and experienced (8.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 10.1yrs | US$2.38m | 1.59% $ 3.0m | |
| Independent Director | 1.3yrs | US$48.75k | 0.097% $ 181.7k | |
| Independent Director | 10.1yrs | US$125.82k | 0.086% $ 160.3k | |
| Independent Chairman | 7.2yrs | US$130.82k | 0.14% $ 254.1k | |
| Independent Director | 10.1yrs | US$156.93k | 0.080% $ 149.3k | |
| Independent Director | 5.2yrs | US$123.32k | 0.031% $ 58.3k |
8.6yrs
Average Tenure
51yo
Average Age
Experienced Board: CIO.PRA's board of directors are considered experienced (8.6 years average tenure).