First Real Estate Investment Trust of New Jersey Management
Management criteria checks 4/4
First Real Estate Investment Trust of New Jersey's CEO is Robert Hekemian, appointed in Apr 2018, has a tenure of 6.17 years. total yearly compensation is $587.92K, comprised of 96.1% salary and 3.9% bonuses, including company stock and options. directly owns 4.92% of the company’s shares, worth $6.52M. The average tenure of the management team and the board of directors is 6.2 years and 8.5 years respectively.
Key information
Robert Hekemian
Chief executive officer
US$587.9k
Total compensation
| CEO salary percentage | 96.1% |
| CEO tenure | 6.2yrs |
| CEO ownership | 4.9% |
| Management average tenure | 6.2yrs |
| Board average tenure | 8.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Apr 30 2024 | n/a | n/a | US$265k |
| Jan 31 2024 | n/a | n/a | -US$171k |
| Oct 31 2023 | US$588k | US$565k | US$760k |
| Jul 31 2023 | n/a | n/a | -US$450k |
| Apr 30 2023 | n/a | n/a | US$1m |
| Jan 31 2023 | n/a | n/a | US$634k |
| Oct 31 2022 | US$831k | US$500k | US$46m |
| Jul 31 2022 | n/a | n/a | US$47m |
| Apr 30 2022 | n/a | n/a | US$46m |
| Jan 31 2022 | n/a | n/a | US$46m |
| Oct 31 2021 | US$469k | US$400k | US$927k |
| Jul 31 2021 | n/a | n/a | -US$3m |
| Apr 30 2021 | n/a | n/a | -US$4m |
| Jan 31 2021 | n/a | n/a | US$23m |
| Oct 31 2020 | US$408k | US$350k | US$21m |
| Jul 31 2020 | n/a | n/a | US$25m |
| Apr 30 2020 | n/a | n/a | US$26m |
| Jan 31 2020 | n/a | n/a | -US$934k |
| Oct 31 2019 | US$481k | US$400k | US$2m |
| Jul 31 2019 | n/a | n/a | US$2m |
| Apr 30 2019 | n/a | n/a | US$2m |
| Jan 31 2019 | n/a | n/a | US$2m |
| Oct 31 2018 | US$363k | US$172k | US$1m |
| Jul 31 2018 | n/a | n/a | US$1m |
| Apr 30 2018 | n/a | n/a | US$15m |
| Jan 31 2018 | n/a | n/a | US$13m |
| Oct 31 2017 | US$65k | n/a | US$13m |
Compensation vs Market: Robert's total compensation ($USD587.92K) is about average for companies of similar size in the US market ($USD680.27K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
CEO
Robert Hekemian (64 yo)
6.2yrs
Tenure
US$587,922
Compensation
Mr. Robert S. Hekemian, Jr. has been Chief Executive Officer of First Real Estate Investment Trust of New Jersey since April 05, 2018. He serves as a Trustee of First Real Estate Investment Trust of New Je...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 6.2yrs | US$587.92k | 4.92% $ 6.5m | |
| CFO & Treasurer | 5.3yrs | US$43.24k | 0.18% $ 242.5k | |
| Secretary & Trustee | 21.4yrs | US$126.71k | 0.36% $ 470.7k | |
| Investor Relations Contact | no data | no data | no data |
6.2yrs
Average Tenure
74yo
Average Age
Experienced Management: FREV.S's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 17.1yrs | US$587.92k | 4.92% $ 6.5m | |
| Secretary & Trustee | 8.5yrs | US$126.71k | 0.36% $ 470.7k | |
| Independent Trustee | 17.1yrs | US$99.97k | 1.08% $ 1.4m | |
| Independent Chairman of the Board | 32.4yrs | US$102.86k | 7.31% $ 9.7m | |
| Independent Trustee | 8.3yrs | US$86.47k | 0.94% $ 1.3m | |
| Trustee | 6.2yrs | US$75.72k | 5.62% $ 7.4m | |
| Independent Trustee | 6.2yrs | US$89.59k | 0.66% $ 873.3k |
8.5yrs
Average Tenure
64yo
Average Age
Experienced Board: FREV.S's board of directors are considered experienced (8.5 years average tenure).