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Industrials REIT Management

Management criteria checks 2/4

Industrials REIT's CEO is Paul Arenson, appointed in Oct 2014, he has a tenure of 8.67 years. His total yearly compensation is £1.17M , comprised of 24.5% salary and 75.5% bonuses, including company stock and options. He directly owns 4.68% of the company’s shares, worth ZAR543.53M. The average tenure of the management team and the board of directors is 4.4 years and 5.1 years respectively.

Key information

Paul Arenson

Chief executive officer

UK£1.2m

Total compensation

CEO salary percentage	24.5%
CEO tenure	8.7yrs
CEO ownership	4.7%
Management average tenure	4.4yrs
Board average tenure	5.1yrs

Recent management updates

Recent updates

Insider Buying: Neil Marais Just Spent UK£537k On Stenprop Limited (JSE:STP) Shares

Dec 16

Stenprop (JSE:STP) Has Compensated Shareholders With A Respectable 67% Return On Their Investment

Dec 02

CEO Compensation Analysis

How has Paul Arenson's remuneration changed compared to Industrials REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	UK£46m
Jun 30 2022	n/a	n/a	UK£77m
Mar 31 2022	UK£1m	UK£286k	UK£109m
Dec 31 2021	n/a	n/a	UK£88m
Sep 30 2021	n/a	n/a	UK£67m
Jun 30 2021	n/a	n/a	UK£53m
Mar 31 2021	UK£634k	UK£282k	UK£38m
Dec 31 2020	n/a	n/a	UK£28m
Sep 30 2020	n/a	n/a	UK£17m
Jun 30 2020	n/a	n/a	UK£18m
Mar 31 2020	UK£611k	UK£275k	UK£18m
Dec 31 2019	n/a	n/a	UK£21m
Sep 30 2019	n/a	n/a	UK£25m
Jun 30 2019	n/a	n/a	UK£25m
Mar 31 2019	UK£536k	UK£268k	UK£26m
Dec 31 2018	n/a	n/a	UK£37m
Sep 30 2018	n/a	n/a	UK£48m
Jun 30 2018	n/a	n/a	UK£45m
Mar 31 2018	UK£445k	UK£260k	UK£42m
Dec 31 2017	n/a	n/a	UK£35m
Sep 30 2017	n/a	n/a	UK£27m
Jun 30 2017	n/a	n/a	UK£10m
Mar 31 2017	UK£542k	UK£253k	UK£12m

Compensation vs Market: Paul's total compensation ($USD1.49M) is above average for companies of similar size in the ZA market ($USD983.72K).

Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Paul Arenson (60 yo)

8.7yrs

Tenure

UK£1,168,000

Compensation

Mr. Paul Maurice Arenson has been Chief Executive Officer at Industrials REIT Limited since October 2, 2014. Mr. Arenson served as Managing Director at Stenham Property Ltd. from inception until October 20...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Paul Arenson	CEO & Executive Director	8.7yrs	UK£1.17m	4.68% £ 543.5m
James Edward Beaumont	CFO & Director	4yrs	UK£316.00k	0.019% £ 2.3m
Julian Carey	MD & Director	no data	UK£1.13m	1.14% £ 132.1m
Will Lutton	Head of Investment	4.4yrs	no data	no data
Sarah Bellilchi	Group General Counsel & Company Secretary	7.6yrs	no data	no data
John Whitley	Sales & Marketing Director	2.2yrs	no data	no data
Jazmine Mariner	HR Manager	2.4yrs	no data	no data
James Wakelin	Head of Debt & Special Projects	5.8yrs	no data	no data
Simon Ross	Head of Asset Management	no data	no data	no data
Jake Maisey	Head of Financial Planning & Analysis	no data	no data	no data
Mike Handley	Head of Financial Operations	4.4yrs	no data	no data
Alex Cope	Financial Controller	2.7yrs	no data	no data

4.4yrs

Average Tenure

Experienced Management: MLI's management team is considered experienced (4.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Paul Arenson	CEO & Executive Director	8.7yrs	UK£1.17m	4.68% £ 543.5m
James Edward Beaumont	CFO & Director	4yrs	UK£316.00k	0.019% £ 2.3m
Julian Carey	MD & Director	5.1yrs	UK£1.13m	1.14% £ 132.1m
Philip Holland	Independent Non-Executive Director	5.1yrs	UK£43.00k	0.0084% £ 977.3k
Louisa Bell	Independent Non-Executive Director	2.6yrs	UK£40.00k	0.0067% £ 782.3k
Richard Grant	Independent Non-Executive Chairman	5.1yrs	UK£58.00k	0.034% £ 3.9m
Patricia Watson	Non-Executive Director	8.7yrs	UK£35.00k	0.40% £ 46.5m
Paul Miller	Senior Independent Non-Executive Director	6.8yrs	UK£40.00k	0.0074% £ 856.6k
Richard Smith	Independent Non-Executive Director	2.6yrs	UK£40.00k	0.0050% £ 586.2k

5.1yrs

Average Tenure

59yo

Average Age

Experienced Board: MLI's board of directors are considered experienced (5.1 years average tenure).

This company listing is no longer active

Industrials REIT Management

Management criteria checks 2/4

Key information

Recent management updates

Industrials REIT Limited, Annual General Meeting, Sep 13, 2022

CFO & Director exercised options and sold R1.5m worth of stock

Independent Non-Executive Director recently bought R685k worth of stock

CFO & Director exercised options and sold R1.6m worth of stock

Independent Non-Executive Director recently bought R601k worth of stock

Non-Executive Director exercised options to buy R13m worth of stock.

Recent updates

Delisting of Industrials Shares from the JSE to Take Effect on 27 June 2023

Industrials REIT Limited(LSE:MLI) dropped from FTSE All-Share Index (GBP)

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 34%

Upcoming dividend of UK£0.035 per share

First half 2023 earnings released: UK£0.071 loss per share (vs UK£0.14 profit in 1H 2022)

Investor sentiment improved over the past week

Industrials REIT Limited Declares an Interim Dividend, Payable on 10 February 2023

Industrials REIT Limited to Report First Half, 2023 Results on Dec 02, 2022

Now 21% undervalued after recent price drop

Investor sentiment deteriorated over the past week

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Industrials REIT Limited, Annual General Meeting, Sep 13, 2022

An unknown buyer acquired ROSE KILN COURT, READING Industrials REIT Limited (JSE:MLI) for £5.88 million.

Upcoming dividend of UK£0.035 per share

Industrials REIT Limited Declares Interim Dividend of the Year Ended 31 March 2022, Payable on August 12, 2022

CFO & Director exercised options and sold R1.5m worth of stock

Independent Non-Executive Director recently bought R685k worth of stock

Now 21% undervalued after recent price drop

Full year 2022 earnings released: EPS: UK£0.37 (vs UK£0.19 in FY 2021)

Industrials REIT Limited to Report Fiscal Year 2022 Results on Jun 10, 2022

Industrials REIT Limited (JSE:MLI) acquired Haven Business Centre in Boston for £4.0 million.

CFO & Director exercised options and sold R1.6m worth of stock

Industrials REIT Limited Declares Cash Interim Dividend for the Six Months Ended 30 September 2021

Independent Non-Executive Director recently bought R601k worth of stock

Industrials REIT Limited (JSE:MLI) acquired Belmont Industrial Estate, Durham for £9.1 million.

Upcoming dividend of UK£0.034 per share

First half 2022 earnings: Revenues and EPS in line with analyst expectations

An unknown buyer exchanged contracts to acquire Health and Leisure Club in Lugano for CHF 12.5 million.

ARC Global (Guernsey) Holdings acquired Office Building in Guernsey from Stenprop Limited (JSE:STP) for £55 million.

Stenprop Limited (JSE:STP) acquired Portfolio of Five Multi-let Industrial Estates Located Across United Kingdom from M&G Real Estate for £13.6 million on August 26, 2021

ILG Einkaufen D, fund managed by Intreal International Real Estate Kapitalanlagegesellschaft Mbh completed the acquisition of Hermann Quartier from Stenprop Limited (JSE:STP).

Upcoming dividend of UK£0.034 per share

Full year 2021 earnings released: EPS UK£0.19 (vs UK£0.063 in FY 2020)

Full year 2021 earnings released: EPS UK£0.19 (vs UK£0.063 in FY 2020)

Non-Executive Director exercised options to buy R13m worth of stock.

Non-Executive Director recently sold R121m worth of stock

Stenprop Limited (JSE:STP) acquired 14 units Riverside Industrial Estate from Aegon for £10.9 million.

Stenprop Limited (JSE:STP) acquired Lake Enterprise Centre In Bromborough for £4.2 million.

New 90-day high: R30.00

Have Insiders Sold Stenprop Limited (JSE:STP) Shares Recently?

Non-Executive Director recently sold R1.4m worth of stock

New 90-day low: R25.55

How Does Stenprop's (JSE:STP) CEO Pay Compare With Company Performance?

New 90-day high: R28.70

What Kind Of Investors Own Most Of Stenprop Limited (JSE:STP)?

ILG Einkaufen D, fund managed by Intreal International Real Estate Kapitalanlagegesellschaft Mbh agreed to acquire Hermann Quartier from Stenprop Limited (JSE:STP) for €30.8 million.

Stenprop Limited (JSE:STP) acquired R6 Industrial Estate in Newbridge for £3.9 million.

Insider Buying: Neil Marais Just Spent UK£537k On Stenprop Limited (JSE:STP) Shares

Insider recently bought R537k worth of stock

First half 2021 earnings released: EPS UK£0.084

Stenprop Limited Announces Board Changes

Stenprop (JSE:STP) Has Compensated Shareholders With A Respectable 67% Return On Their Investment

New 90-day high: R28.30

Stenprop Limited (JSE:STP) acquired Phoenix Industrial Estate in West Bromwich for £2.8 million.

Stenprop Limited (JSE:STP) acquired Mandale Business Park from Mandale Investments Limited for £11.2 million.

Stenprop Limited to Report First Half, 2021 Results on Dec 04, 2020

Stenprop Limited Limit Announces Board Changes

Union Investment Real Estate GmbH completed the acquisition of Neucölln Carrée retail park from Stenprop Limited (JSE:STP).

Non-Executive Director recently sold R1.7m worth of stock

Stenprop Limited (JSE:STP) acquired Tunstall Trade Park in Tunstall from Clowes Developments (UK) Ltd for £5.9 million.

New 90-day low - R24.74

Stenprop Limited (JSE:STP) acquired St Andrews Industrial Estate for £5.5 million.

Stenprop Limited (JSE:STP) acquired Brookfoot Business Park in Brighouse and Clarendon Court in Warrington for £9.7 million.

New 90-day high - R29.70

Upcoming Dividend of R0.71 Per Share