Granite Real Estate Investment Trust

NYSE:GRP.U Stock Report

Market Cap: US$3.1b

Granite Real Estate Investment Trust Management

Management criteria checks 4/4

Granite Real Estate Investment Trust's CEO is Kevan Gorrie, appointed in Aug 2018, has a tenure of 6.33 years. total yearly compensation is CA$3.02M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $5.39M. The average tenure of the management team and the board of directors is 5.8 years and 6.4 years respectively.

Key information

Kevan Gorrie

Chief executive officer

CA$3.0m

Total compensation

CEO salary percentage29.8%
CEO tenure6.3yrs
CEO ownership0.2%
Management average tenure5.8yrs
Board average tenure6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Kevan Gorrie's remuneration changed compared to Granite Real Estate Investment Trust's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

CA$308m

Jun 30 2024n/an/a

CA$230m

Mar 31 2024n/an/a

CA$216m

Dec 31 2023CA$3mCA$900k

CA$137m

Sep 30 2023n/an/a

-CA$21m

Jun 30 2023n/an/a

-CA$147m

Mar 31 2023n/an/a

-CA$332m

Dec 31 2022CA$3mCA$900k

CA$156m

Sep 30 2022n/an/a

CA$623m

Jun 30 2022n/an/a

CA$1b

Mar 31 2022n/an/a

CA$2b

Dec 31 2021CA$3mCA$800k

CA$1b

Sep 30 2021n/an/a

CA$1b

Jun 30 2021n/an/a

CA$820m

Mar 31 2021n/an/a

CA$579m

Dec 31 2020CA$3mCA$800k

CA$430m

Sep 30 2020n/an/a

CA$353m

Jun 30 2020n/an/a

CA$362m

Mar 31 2020n/an/a

CA$385m

Dec 31 2019CA$3mCA$800k

CA$382m

Sep 30 2019n/an/a

CA$377m

Jun 30 2019n/an/a

CA$421m

Mar 31 2019n/an/a

CA$471m

Dec 31 2018CA$4mCA$333k

CA$465m

Compensation vs Market: Kevan's total compensation ($USD2.10M) is below average for companies of similar size in the US market ($USD6.65M).

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

CEO

Kevan Gorrie (55 yo)

6.3yrs

Tenure

CA$3,024,900

Compensation

Mr. Kevan S. Gorrie, P. Eng, ICD D, has been President, Chief Executive Officer and Trustee/Director at Granite Real Estate Investment Trust and Granite REIT Inc. since August 01, 2018. He was the Presiden...

Leadership Team

NamePositionTenureCompensationOwnership
Kevan Gorrie
President6.3yrsCA$3.02m0.17%
$ 5.4m
Teresa Neto
Chief Financial Officer5.4yrsCA$1.47m0.024%
$ 744.8k
Michael Ramparas
Executive VP of Global Real Estate & Head of Investments5.9yrsCA$1.36m0.028%
$ 877.0k
Lawrence Clarfield
Executive VP5.9yrsCA$1.18m0.019%
$ 583.3k
Lorne Kumer
Executive VP & Head of Global Real Estate14.8yrsCA$1.43m0.052%
$ 1.6m
Andrea Sanelli
Manager of Legal & Investor Servicesno datano datano data
Witsard Schaper
Senior VP & Head of Europe5.8yrsno datano data
Kristy Boys
Senior Vice President of Financeless than a yearno datano data
Jon Sorg
Senior VP & Head of U.S.5.2yrsno datano data
Keith Stephen
Vice President of Sustainability & Environment2.9yrsno datano data
Gregory Avioli
CEO of the Racing & Gaming Division and President of the Racing & Gaming Division13.8yrsno datano data
Tim Fox
Associate Director of Investments & Asset Managementno datano datano data

5.8yrs

Average Tenure

Experienced Management: GRP.U's management team is seasoned and experienced (5.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Kevan Gorrie
President6.3yrsCA$3.02m0.17%
$ 5.4m
Aladin Mawani
Independent Trustee7.5yrsCA$135.00k0.014%
$ 447.1k
Kelly Marshall
Independent Chairman7.5yrsCA$223.00kno data
Sheila Murray
Independent Trustee5.5yrsCA$170.00k0.0053%
$ 166.5k
Remco Daal
Independent Trustee7.5yrsCA$150.00k0.041%
$ 1.3m
Robert Brouwer
Independent Trusteeless than a yearno datano data
Emily Pang
Independent Trustee3.3yrsCA$154.71kno data
Peter Aghar
Independent Trustee7.5yrsCA$170.00k0.026%
$ 805.0k
Jennifer Warren
Independent Trustee6.5yrsCA$150.00kno data
Fern Grodner
Independent Trustee5.5yrsCA$150.00kno data

6.4yrs

Average Tenure

59yo

Average Age

Experienced Board: GRP.U's board of directors are considered experienced (6.4 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 14:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

Analyst Sources

Granite Real Estate Investment Trust is covered by 22 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.

AnalystInstitution
J. ChenBMO Capital Markets Equity Research
Michael MarkidisBMO Capital Markets Equity Research
Mark RothschildCanaccord Genuity