Innovative Industrial Properties Management
Management criteria checks 4/4
Innovative Industrial Properties' CEO is Paul Smithers, appointed in Jun 2016, has a tenure of 7.83 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 $8.01M. The average tenure of the management team and the board of directors is 2.2 years and 7.4 years respectively.
Key information
Paul Smithers
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 20.1% |
| CEO tenure | 7.8yrs |
| CEO ownership | 0.3% |
| Management average tenure | 2.2yrs |
| Board average tenure | 7.4yrs |
Recent management updates
Recent updates
Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts
Apr 09Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst
Apr 02Innovative Industrial Properties: Will It Have You Rolling In The Green?
Mar 09Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy
Feb 27Innovative Industrial Properties: Probably Best Not To Chase
Jan 18Innovative Industrial Properties: A Timely Update For This 7.4% Yield
Dec 18Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials
Nov 17Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally
Nov 06Innovative Industrial Properties Is The Best Value Opportunity
Oct 11Innovative Industrial Properties: A Speculative Buy
Sep 26Innovative Industrial Properties: Is It A Falling Knife Here?
Sep 03Innovative Industrial: Top Cannabis Pick With 9% Dividend Yield
Aug 25Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell
Aug 07Innovative Industrial: The 10% Yield Gives Plenty Of Comfort
Jul 09Innovative Industrial: 10% Dividend Yield, Deep Value From Cannabis Landlord
Jun 21Innovative Industrial Properties: Cannabis Is Sinking, Should You Avoid The 10% Yield?
Jun 07Innovative Industrial Properties: Our Favorite REIT Trading At A Discount
Feb 23Innovative Industrial Properties updates on properties as of Dec. 31, 2022
Jan 19Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Jan 10
Top REIT Pick: Innovative Industrial Properties Yields 7% With Fast Growth
Dec 21Innovative Industrial Properties declares $1.80 dividend
Dec 15Innovative Industrial Properties: Bears Hunted
Nov 09Innovative Industrial Properties Q3 2022 Earnings Preview
Nov 01Innovative Industrial Is A Buy When The Forest Is On Fire
Oct 22Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Sep 29Innovative Industrial Properties raises dividend by 2.9% to $1.80
Sep 15Innovative Industrial Properties: High-Growth Cannabis REIT With 7.6% Yield
Aug 31Innovative Industrial: Separating The 'Weed' From The Chaff
Aug 19Innovative Industrial Properties FFO of $1.97 misses by $0.01, revenue of $70.51M beats by $1.44M
Aug 03Innovative Industrial Properties: One Of The Few REITs We're Interested In
Jul 27Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization (Podcast Transcript)
Jul 20Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization
Jul 06Innovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania property
Jun 30Innovative Industrial Properties: Far Too Cheap By Any Valuation Metric
Jun 19Innovative Industrial Properties: Smoking Hot Total Return Prospects Ahead
Jun 07Is Now The Time To Put Innovative Industrial Properties (NYSE:IIPR) On Your Watchlist?
May 24Innovative Industrial Properties: 5.1% Yield With Impressive Dividend Growth
May 18Innovative Industrial Properties: My Oh My, A Super Strong Buy
May 12Cannabis Investors, Fake It Till You Make It (Podcast Transcript)
May 03Why I Just Bought More Innovative Industrial Properties
Apr 16Innovative Industrial Properties: SAFE Banking And Its Cannabis Dividend
Apr 07Innovative Industrial Properties: Poised For CAGR Returns North Of 20% From Here
Mar 08CEO 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 ($USD6.64M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Smithers (66 yo)
7.8yrs
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 | 7.8yrs | US$5.05m | 0.29% $ 8.0m | |
| CFO & Treasurer | 1.1yrs | US$2.05m | no data | |
| Chief Operating Officer | 1.1yrs | US$2.11m | 0% $ 0 | |
| VP, General Counsel & Company Secretary | 7.6yrs | US$1.87m | 0.032% $ 863.6k | |
| Executive Chairman | 7.8yrs | US$15.77m | 0.95% $ 26.1m | |
| Chief Investment Officer | 1.1yrs | no data | no data | |
| VP & Chief Accounting Officer | 3.3yrs | no data | 0.024% $ 653.5k | |
| Director of Construction Management | no data | no data | no data |
2.2yrs
Average Tenure
52yo
Average Age
Experienced Management: IIPR's management team is considered experienced (2.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 7.4yrs | US$5.05m | 0.29% $ 8.0m | |
| Executive Chairman | 7.8yrs | US$15.77m | 0.95% $ 26.1m | |
| Independent Director | 4.3yrs | US$235.01k | 0.0086% $ 234.8k | |
| Independent Vice Chairman of the Board | 7.8yrs | US$355.01k | 0.15% $ 4.1m | |
| Independent Director | 7.4yrs | US$245.05k | 0.027% $ 734.9k | |
| Independent Director | 7.4yrs | US$240.05k | 0.0060% $ 164.4k |
7.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: IIPR's board of directors are considered experienced (7.4 years average tenure).