Transcend Residential Property Fund Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Myles Kritzinger

Chief executive officer

R3.8m

Total compensation

CEO salary percentage	72.7%
CEO tenure	2.8yrs
CEO ownership	n/a
Management average tenure	no data
Board average tenure	3.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Myles Kritzinger's remuneration changed compared to Transcend Residential Property Fund's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2023	R4m	R3m	R94m
Dec 31 2022	n/a	n/a	R103m
Sep 30 2022	n/a	n/a	R105m
Jun 30 2022	n/a	n/a	R107m
Mar 31 2022	n/a	n/a	R163m
Dec 31 2021	R2m	R2m	R220m
Jun 30 2021	n/a	n/a	R171m
Mar 31 2021	n/a	n/a	R69m
Dec 31 2020	R2m	R1m	-R34m
Jun 30 2020	n/a	n/a	-R34m
Mar 31 2020	n/a	n/a	R17m
Dec 31 2019	R2m	R1m	R68m
Sep 30 2019	n/a	n/a	R152m
Jun 30 2019	n/a	n/a	R236m
Mar 31 2019	n/a	n/a	R212m
Dec 31 2018	R1m	R932k	R188m

Compensation vs Market: Myles's total compensation ($USD206.51K) is about average for companies of similar size in the ZA market ($USD286.88K).

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

CEO

Myles Kritzinger (39 yo)

2.8yrs

Tenure

R3,768,000

Compensation

Mr. Myles Kritzinger, CA(SA), has been Executive Director of Transcend Residential Property since March 9, 2018 and has been its Chief Executive Officer since January 1, 2021. He was the Chief Financial Of...

Board Members

Name	Position	Tenure	Compensation	Ownership
Myles Kritzinger	CEO & Executive Director	5.7yrs	R3.77m	no data
Nicholas Watchorn	CFO & Executive Director	2.7yrs	R2.40m	no data
Michael Aitken	Lead Independent Non-Executive Director	7.3yrs	R444.00k	no data
Robert Wesselo	Non Executive Director	7.3yrs	R81.00k	no data
Tshepisho Lokoza Makofane	Independent Non-Executive Director	1.1yrs	R141.00k	no data
Greg Booyens	Non-executive Director	1.4yrs	R81.00k	no data
Geoffrey Jennett	Independent Non Executive Chairman	4.9yrs	R91.00k	no data
Shaun Stewart	Independent Non-executive Director	less than a year	R28.00k	no data

3.8yrs

Average Tenure

45.5yo

Average Age

Experienced Board: TPF's board of directors are considered experienced (3.8 years average tenure).

Transcend Residential Property Fund Management

Management criteria checks 2/4

Key information

Recent management updates

Transcend Residential Property Fund Limited Announces Audit and Risk Committee Members Appointments

Transcend Residential Property Fund Limited, Annual General Meeting, Aug 25, 2023

Less than half of directors are independent

Less than half of directors are independent

Less than half of directors are independent

High number of new directors

Recent updates

Emira Property Fund Limited (JSE:EMI) completed the acquisition of remaining 31.85% stake in Transcend Residential Property Fund Limited (JSE : TPF) from SA Corporate Real Estate Limited, International Housing Solutions (RF) Proprietary Limited and IHS (SAWHF Interest) Proprietary Limited.

Upcoming dividend of R0.29 per share at 9.2% yield

Transcend Residential Property Fund Limited Approves and Declares Clean-Out Distribution, Payable on November 13, 2023

Transcend Residential Property Fund Limited Announces Audit and Risk Committee Members Appointments

Transcend Residential Property Fund Limited, Annual General Meeting, Aug 25, 2023

New major risk - Revenue and earnings growth

Upcoming dividend of R0.15 per share at 11% yield

Transcend Residential Property Fund Limited Anticipates Dividend for the Fifteen Month Financial Year Ended 31 March 2023

Less than half of directors are independent

Less than half of directors are independent

Upcoming dividend of R0.30 per share at 9.0% yield

Transcend Residential Property Fund Limited Approves Final Dividend for the Year Ended 31 December 2022, Payable on March 6, 2023

Less than half of directors are independent

Upcoming dividend of R0.27 per share

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

High number of new directors

Upcoming dividend of R0.31 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Transcend Residential Property Fund Limited Approves Final Dividend for the Year Ended 31 December 2021, Payable on 7 March 2022

Transcend Residential Property Fund Limited Appoints Greg Booyens as Alternate Director

Investor sentiment deteriorated over the past week

Insufficient new directors

Investor sentiment improved over the past week

Upcoming dividend of R0.25 per share

Upcoming dividend of R0.44 per share

Transcend Residential Property Fund Limited Names Nicholas Ian Watchorn to the Board as an Executive Director, with Effect from 1 March 2021

New 90-day low: R4.68

New 90-day low: R5.50

Transcend Residential Property Fund Limited Announces Executive Changes

Upcoming Dividend of R0.12 Per Share

Earnings released

PSPIB-SDL Incorporated acquired a 10.98% stake in Transcend Residential Property Fund Limited (JSE:TPF) from South Africa Workforce Housing Fund, a fund managed by International Housing Solutions.

CEO Compensation Analysis

CEO

Tenure

Compensation

Board Members

Average Tenure

Average Age