Innovative Industrial Properties Management
Management criteria checks 4/4
Innovative Industrial Properties' CEO is Paul Smithers, appointed in Jun 2016, has a tenure of 8.5 years. total yearly compensation is $5.05M, comprised of 20.1% salary and 79.9% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $6.10M. The average tenure of the management team and the board of directors is 2.8 years and 8.1 years respectively.
Key information
Paul Smithers
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 20.1% |
| CEO tenure | 8.5yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.8yrs |
| Board average tenure | 8.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$160m |
| Jun 30 2024 | n/a | n/a | US$161m |
| Mar 31 2024 | n/a | n/a | US$161m |
| Dec 31 2023 | US$5m | US$1m | US$163m |
| Sep 30 2023 | n/a | n/a | US$163m |
| Jun 30 2023 | n/a | n/a | US$159m |
| Mar 31 2023 | n/a | n/a | US$158m |
| Dec 31 2022 | US$11m | US$924k | US$152m |
| Sep 30 2022 | n/a | n/a | US$139m |
| Jun 30 2022 | n/a | n/a | US$132m |
| Mar 31 2022 | n/a | n/a | US$121m |
| Dec 31 2021 | US$7m | US$840k | US$112m |
| Sep 30 2021 | n/a | n/a | US$105m |
| Jun 30 2021 | n/a | n/a | US$94m |
| Mar 31 2021 | n/a | n/a | US$78m |
| Dec 31 2020 | US$2m | US$420k | US$64m |
| Sep 30 2020 | n/a | n/a | US$52m |
| Jun 30 2020 | n/a | n/a | US$40m |
| Mar 31 2020 | n/a | n/a | US$30m |
| Dec 31 2019 | US$1m | US$400k | US$22m |
| Sep 30 2019 | n/a | n/a | US$15m |
| Jun 30 2019 | n/a | n/a | US$10m |
| Mar 31 2019 | n/a | n/a | US$8m |
| Dec 31 2018 | US$1m | US$360k | US$5m |
| Sep 30 2018 | n/a | n/a | US$3m |
| Jun 30 2018 | n/a | n/a | US$2m |
| Mar 31 2018 | n/a | n/a | US$707k |
| Dec 31 2017 | US$883k | US$350k | -US$454k |
Compensation vs Market: Paul's total compensation ($USD5.05M) is about average for companies of similar size in the US market ($USD5.54M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Smithers (67 yo)
8.5yrs
Tenure
US$5,051,022
Compensation
Mr. Paul E. Smithers is a Co-Founder of Innovative Industrial Properties, Inc. and also has been its Chief Executive Officer and President since June 2016 and Director since November 30, 2016. Mr. Smithers...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.5yrs | US$7.10m | 0.95% $ 19.9m | |
| President | 8.5yrs | US$5.05m | 0.29% $ 6.1m | |
| CFO & Treasurer | 1.8yrs | US$2.11m | no data | |
| Chief Operating Officer | 1.8yrs | US$2.11m | no data | |
| VP, General Counsel & Company Secretary | 8.3yrs | US$1.87m | 0.032% $ 657.6k | |
| Chief Investment Officer | 1.8yrs | no data | no data | |
| VP & Chief Accounting Officer | 3.9yrs | no data | 0.024% $ 497.5k | |
| Director of Construction Management | no data | no data | no data |
2.8yrs
Average Tenure
53yo
Average Age
Experienced Management: IIPR.PRA's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.5yrs | US$7.10m | 0.95% $ 19.9m | |
| President | 8.1yrs | US$5.05m | 0.29% $ 6.1m | |
| Independent Director | 5yrs | US$235.05k | 0.0086% $ 178.8k | |
| Independent Vice Chairman of the Board | 8.5yrs | US$355.01k | 0.16% $ 3.2m | |
| Independent Director | 8.1yrs | US$245.05k | 0.032% $ 664.1k | |
| Independent Director | 8.1yrs | US$240.05k | 0.0060% $ 125.2k |
8.1yrs
Average Tenure
65.5yo
Average Age
Experienced Board: IIPR.PRA's board of directors are considered experienced (8.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 12:16 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Innovative Industrial Properties, Inc. is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Aaron Grey | Alliance Global Partners |
| Michael Gorman | BTIG |
| Merrill Ross | Compass Point Research & Trading, LLC |