Innovative Industrial Properties Management
Management criteria checks 4/4
Innovative Industrial Properties' CEO is Paul Smithers, appointed in Jun 2016, has a tenure of 7.92 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 $8.96M. The average tenure of the management team and the board of directors is 2.3 years and 7.5 years respectively.
Key information
Paul Smithers
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 20.1% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.3yrs |
| Board average tenure | 7.5yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 ($USD6.66M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Smithers (66 yo)
7.9yrs
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 |
|---|---|---|---|---|
| President | 7.9yrs | US$5.05m | 0.29% $ 9.0m | |
| CFO & Treasurer | 1.2yrs | US$2.05m | no data | |
| Chief Operating Officer | 1.2yrs | US$2.11m | 0% $ 0 | |
| VP, General Counsel & Company Secretary | 7.7yrs | US$1.87m | 0.032% $ 966.9k | |
| Executive Chairman | 7.9yrs | US$15.77m | 0.95% $ 29.2m | |
| Chief Investment Officer | 1.2yrs | no data | no data | |
| VP & Chief Accounting Officer | 3.3yrs | no data | 0.024% $ 731.6k | |
| Director of Construction Management | no data | no data | no data |
2.3yrs
Average Tenure
52yo
Average Age
Experienced Management: IIPR.PRA's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.5yrs | US$5.05m | 0.29% $ 9.0m | |
| Executive Chairman | 7.9yrs | US$15.77m | 0.95% $ 29.2m | |
| Independent Director | 4.4yrs | US$235.01k | 0.0086% $ 262.9k | |
| Independent Vice Chairman of the Board | 7.9yrs | US$355.01k | 0.15% $ 4.6m | |
| Independent Director | 7.5yrs | US$245.05k | 0.027% $ 822.8k | |
| Independent Director | 7.5yrs | US$240.05k | 0.0060% $ 184.1k |
7.5yrs
Average Tenure
64.5yo
Average Age
Experienced Board: IIPR.PRA's board of directors are considered experienced (7.5 years average tenure).