In 2016 Paul Szurek was appointed CEO of CoreSite Realty Corporation (NYSE:COR). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. After that, we will consider the growth in the business. And finally we will reflect on how common stockholders have fared in the last few years, as a secondary measure of performance. This process should give us an idea about how appropriately the CEO is paid.
How Does Paul Szurek's Compensation Compare With Similar Sized Companies?
According to our data, CoreSite Realty Corporation has a market capitalization of US$5.4b, and paid its CEO total annual compensation worth US$5.7m over the year to December 2018. We think total compensation is more important but we note that the CEO salary is lower, at US$633k. Importantly, there may be performance hurdles relating to the non-salary component of the total compensation. We examined companies with market caps from US$4.0b to US$12b, and discovered that the median CEO total compensation of that group was US$6.6m.
So Paul Szurek receives a similar amount to the median CEO pay, amongst the companies we looked at. While this data point isn't particularly informative alone, it gains more meaning when considered with business performance.
You can see, below, how CEO compensation at CoreSite Realty has changed over time.
Is CoreSite Realty Corporation Growing?
Over the last three years CoreSite Realty Corporation has grown its earnings per share (EPS) by an average of 13% per year (using a line of best fit). In the last year, its revenue is up 6.5%.
Overall this is a positive result for shareholders, showing that the company has improved in recent years. It's also good to see modest revenue growth, suggesting the underlying business is healthy. Shareholders might be interested in this free visualization of analyst forecasts.
Has CoreSite Realty Corporation Been A Good Investment?
Boasting a total shareholder return of 52% over three years, CoreSite Realty Corporation has done well by shareholders. As a result, some may believe the CEO should be paid more than is normal for companies of similar size.
Paul Szurek is paid around the same as most CEOs of similar size companies.
Shareholders would surely be happy to see that shareholder returns have been great, and the earnings per share are up. Indeed, many might consider the pay rather modest, given the solid company performance! CEO compensation is one thing, but it is also interesting to check if the CEO is buying or selling CoreSite Realty (free visualization of insider trades).
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
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