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 9.92 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 $3.09M. The average tenure of the management team and the board of directors is 8.1 years and 8.5 years respectively.

Key information

Jamie Farrar

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage22.1%
CEO tenure9.9yrs
CEO ownership1.6%
Management average tenure8.1yrs
Board average tenure8.5yrs

Recent management updates

Recent updates

I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds

Mar 03

City Office REIT: Deep Value Or 7.3% Dividend Yield Trap?

Jan 21

City Office REIT: Fortune Favors The Brave

Nov 06

City Office REIT: Exploring The Value Of Preferred Shares

Aug 22

City Office REIT: Opportunity To Capture 9.7% Yield Via Preferred Shares

Jun 26

City Office REIT: I'm Holding Onto My 9.7% Yielding Preferred Shares

Jun 14

City Office REIT Q4 2022 Earnings Preview

Feb 22

City Office REIT: 9.9% Yield And Plenty Of Upside

Jan 10

City Office REIT: The Preferred Shares Now Offer A 9% Yield

Dec 10

City Office REIT Q3 2022 Earnings Preview

Nov 04

City Office REIT declares $0.20 dividend

Sep 15

City Office REIT: A 7% Yielding Small Cap That Could Deliver Big Returns

Sep 09

City Office REIT Q2 2022 Earnings Preview

Aug 03

City Office: Overlooked Value In The Sector Most Vile

Jun 30

City Office REIT: I Like The 7.1% Yielding Preferred Shares

Jun 10

City Office REIT: The Definition Of Shareholder Value

Mar 25

City Office: A Quality REIT

Jan 10

CEO Compensation Analysis

How has Jamie Farrar's remuneration changed compared to City Office REIT's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023US$2mUS$525k

-US$10m

Sep 30 2023n/an/a

-US$20m

Jun 30 2023n/an/a

-US$18m

Mar 31 2023n/an/a

-US$14m

Dec 31 2022US$3mUS$475k

US$10m

Sep 30 2022n/an/a

US$455m

Jun 30 2022n/an/a

US$454m

Mar 31 2022n/an/a

US$453m

Dec 31 2021US$3mUS$475k

US$477m

Sep 30 2021n/an/a

US$44m

Jun 30 2021n/an/a

US$46m

Mar 31 2021n/an/a

US$45m

Dec 31 2020US$2mUS$475k

-US$3m

Sep 30 2020n/an/a

-US$424k

Jun 30 2020n/an/a

-US$4m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$2mUS$400k

-US$6m

Sep 30 2019n/an/a

-US$15m

Jun 30 2019n/an/a

-US$15m

Mar 31 2019n/an/a

-US$17m

Dec 31 2018US$2mUS$400k

US$31m

Sep 30 2018n/an/a

US$36m

Jun 30 2018n/an/a

US$36m

Mar 31 2018n/an/a

US$47m

Dec 31 2017US$1mUS$325k

-US$2m

Compensation vs Market: Jamie's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.47M).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.


CEO

Jamie Farrar (47 yo)

9.9yrs

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

NamePositionTenureCompensationOwnership
James Farrar
CEO & Director9.9yrsUS$2.38m1.59%
$ 3.1m
Gregory Tylee
COO & President8.1yrsUS$2.38m1.41%
$ 2.7m
Anthony Maretic
CFO, Secretary & Treasurer9.9yrsUS$1.34m0.52%
$ 1.0m
Stephanie Chung
Senior Vice President of Finance2.5yrsno datano data
Ken Pool
Senior Vice President of Operations2.5yrsno datano data

8.1yrs

Average Tenure

51yo

Average Age

Experienced Management: CIO's management team is seasoned and experienced (8.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
James Farrar
CEO & Director9.9yrsUS$2.38m1.59%
$ 3.1m
Michael Mazan
Independent Director1.1yrsUS$48.75k0.097%
$ 188.4k
John McLernon
Independent Director9.9yrsUS$125.82k0.086%
$ 166.2k
John Sweet
Independent Chairman7yrsUS$130.82k0.14%
$ 263.4k
Mark Murski
Independent Director9.9yrsUS$156.93k0.080%
$ 154.7k
Sabah Mirza
Independent Director5yrsUS$123.32k0.031%
$ 60.4k

8.5yrs

Average Tenure

50.5yo

Average Age

Experienced Board: CIO's board of directors are considered experienced (8.5 years average tenure).


Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.