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Allied Properties Real Estate Investment Trust (AP_u.TO)

AP_u.TO on Toronto Stock Exchange

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Summary

Name Age Since Current Position

Gordon Cunningham

75 Independent Chairman of the Board of Trustees

Michael Emory

64 President, Chief Executive Officer, Trustee

Cecilia Williams

43 2016 Executive Vice President and Chief Financial Officer

Thomas Burns

64 2012 Chief Operating Officer, Executive Vice President

Hugh Clark

43 Executive Vice President - Development

Tim Low

56 2016 Senior Vice President - Leasing

Gerald Connor

74 2002 Independent Trustee

Lois Cormack

59 2018 Independent Trustee

James Griffiths

73 2006 Independent Trustee

Stephen Sender

61 Independent Trustee

Peter Sharpe

73 2012 Independent Trustee

Margaret Nelligan

62 2015 Non-Independent Trustee

Biographies

Name Description

Gordon Cunningham

Mr. Gordon R. Cunningham serves as Independent Chairman of the Board of Trustees of the Company. Mr. Cunningham is a Corporate Director and the Chair of Allied. He is also Chair of The Boiler Inspection & Insurance Company of Canada, an indirect subsidiary of Munich Re. Positions Mr. Cunningham has previously held include President and Chief Executive Officer of London Insurance Group and London Life Insurance Company and Vice Chairman of Cumberland Private Wealth Management Inc. Mr. Cunningham was formerly a partner at the law firm of Torys.

Michael Emory

Mr. Michael R. Emory serves as President, Chief Executive Officer, Trustee of the Company. Mr. Emory is the President and Chief Executive Officer and a trustee of Allied. He has been continuously active in the commercial real estate business since 1988. Prior thereto, Mr. Emory was a partner with the law firm of Aird & Berlis LLP, specializing in corporate and real estate finance. Mr. Emory is a Director of Equitable Group Inc. and Equitable Bank.

Cecilia Williams

Ms. Cecilia C. Williams serves as Executive Vice President and Chief Financial Officer of the Company. Ms. Williams is Executive Vice President and Chief Financial Officer of Allied. Ms. Williams began her career at Arthur Andersen, where she obtained her Chartered Professional Accountant designation while working in the assurance and valuation practices. She continued her career development through progressively more senior financial and planning positions at Magna International, Canwest Broadcasting/Shaw Media and Dream Unlimited. Ms. Williams is a graduate of the University of Toronto.

Thomas Burns

Mr. Thomas G. Burns serves as Chief Operating Officer, Executive Vice President of the Company. Mr. Burns is the Executive Vice President and Chief Operating Officer of Allied. From January 2011 until December 2011, he was Executive Vice President, Operations and Leasing of Allied. He was formerly Senior Vice President, Retail at DTZ Barnicke, as well as a member of DTZ’s Global Management Committee. During Mr. Burns’ 34 year career, he has distinguished himself in the Canadian real estate community in both the leasing of retail space and consulting on the repositioning of existing retail properties. He is a Business Administration graduate of Algonquin College specializing in Real Estate.

Hugh Clark

Mr. Hugh Fletcher Clark serves as Executive Vice President - Development of the Company. Mr. Clark is the Executive Vice President, Development of Allied and is responsible for overseeing value creation projects. Mr. Clark was formally an architect for an award-winning architectural firm in Toronto, and has worked as a licensed architect in both Ontario and Massachusetts. He is a graduate of the University of Toronto and Harvard University.

Tim Low

Mr. Tim Low serves as Senior Vice President - Leasing of the Company. Mr. Low is the Senior Vice President, Leasing, responsible for leasing the office and retail portfolio across Canada. Prior to joining Allied, Mr. Low was employed by Northam Realty Advisors Ltd. where he spent over eight years leasing Northam’s Toronto and Western Canadian Portfolio. Over Mr. Low’s 30 year real estate career, he has leased a variety of commercial properties, including heritage properties and Class A bank towers.

Gerald Connor

Mr. Gerald R. Connor serves as Independent Trustee of the Company. Mr. Connor is the Chairman and Founder of Cumberland Private Wealth Management Inc., which currently manages assets in excess of $3.0 billion for primarily high net worth investors. Prior to founding Cumberland Private Wealth Management Inc. in 1997, Mr. Connor was President of Connor, Clark & Company Ltd. (1977 to 1997) and Chairman of the board of directors of Connor, Clark & Lunn Investment Management. Mr. Connor has over 50 years of investment experience.

Lois Cormack

Ms. Lois Cormack serves as Independent Trustee of the Company. Ms. Cormack has been the President and Chief Executive Officer and Director of Sienna Senior Living Inc. since 2013, and has led the company through significant growth and transformation to become a leading high quality seniors’ living provider and the recipient of Canada’s Most Admired Corporate Culture Award in 2017. Previously Ms. Cormack held executive roles including President of a mid-sized seniors living company, owned an independent consulting practice, and held other senior leadership roles in the health care and seniors’ living sectors. She is actively involved with sector associations and previously served on the Board of Governors of Seneca College. Ms. Cormack holds a Masters of Health Administration from the University of Toronto and is a graduate of the Ivey Executive Program at the University of Western Ontario and the ICD-Rotman Directors Education Program.

James Griffiths

Mr. James C. Griffiths serves as Independent Trustee of the Company. Mr. Griffiths is the President of KLC Capital Investment Corporation. Mr. Griffiths is a chartered professional accountant and has over 40 years of experience in the real estate development/financing industries. He was the Vice President Finance of Genstar Property Corporation and the President of First City Development Corp. He was also President of RealFund, Canada’s first Real Estate Investment Trust. Mr. Griffiths is a past director of the Canadian Institute of Public Real Estate Companies and was the Founding Chairman of the Association of Foreign Investors in U.S. Real Estate.

Stephen Sender

Mr. Stephen L. Sender serves as Independent Trustee of the Company. Mr. Sender has over 30 years of experience in the investment banking industry in Canada and most recently, was Managing Director, Industry Head - Real Estate in Scotiabank’s Global Banking and Markets division representing the bank’s capital markets activities in the Canadian real estate industry. Since the early 1990’s he has specialized in the Canadian real estate sector, providing investment banking advice to numerous public entities with respect to capital markets activities. He has been directly involved in raising equity and debt capital in a large number of transactions and has provided financial advice in numerous large transactions including mergers, takeovers and related party transactions. Mr. Sender has been a frequent moderator/speaker at conferences in Canada focusing on capital markets developments in the real estate sector. Mr. Sender holds a B.Comm. (Honours) degree from the University of Cape Town and qualified as a C.A. (S.A.) in 1984.

Peter Sharpe

Mr. Peter M. Sharpe serves as Independent Trustee of the Company. Mr. Sharpe is a Corporate Director and has been a trustee of Allied since May 2012. He was the former President & Chief Executive Officer of Cadillac Fairview (2000-2010), one of Canada’s largest investors, owners and managers of commercial real estate. Peter held senior executive positions with Cadillac Fairview since 1984. He served as Global Chairman of the International Council of Shopping Centres in 2010. In 2010, Mr. Sharpe was the recipient of the Building Owners and Managers Association Canada Chairman’s Award. Peter serves on the boards of Postmedia Network Canada Corp., First Industrial Realty Trust, Inc. and Morguard Corporation.

Margaret Nelligan

Ms. Margaret T. Nelligan serves as Non-Independent Trustee of the Company. Ms. Nelligan is a partner with the law firm of Aird & Berlis LLP. She practices in the areas of corporate and securities law, including corporate governance, public financings, mergers and acquisitions, acquisition financings and corporate reorganizations. Ms. Nelligan earned an LL.B. (Hons.) from the University of Windsor in 1984. She has been granted the ICD.D designation by the Institute of Corporate Directors. Ms. Nelligan is a past director of Horizon Utilities Corporation.

Basic Compensation

Name Fiscal Year Total

Gordon Cunningham

160,000

Michael Emory

4,090,810

Cecilia Williams

1,293,950

Thomas Burns

2,120,580

Hugh Clark

725,727

Tim Low

469,490

Gerald Connor

130,000

Lois Cormack

135,000

James Griffiths

105,000

Stephen Sender

--

Peter Sharpe

105,000

Margaret Nelligan

105,000
As Of  31 Dec 2019