Innovative Industrial Properties Management
Management criteria checks 3/4
Innovative Industrial Properties' CEO is Paul Smithers, appointed in Jun 2016, has a tenure of 8.58 years. total yearly compensation is $5.05M, comprised of 20.1% salary and 79.9% bonuses, including company stock and options. directly owns 0.27% of the company’s shares, worth $5.17M. The average tenure of the management team and the board of directors is 1.8 years and 8.2 years respectively.
Key information
Paul Smithers
Chief executive officer
US$5.1m
Total compensation
| CEO salary percentage | 20.1% |
| CEO tenure | 8.6yrs |
| CEO ownership | 0.3% |
| Management average tenure | 1.8yrs |
| Board average tenure | 8.2yrs |
Recent management updates
Recent updates
Innovative Industrial Properties: Falling Knife Worth Catching - Market Overreaction Triggers Richer Yields
Jan 04How Fear Is Boosting Innovative Industrial Properties' Upside
Dec 27Innovative Industrial Properties: Schedule III Reclassification A Smokescreen?
Dec 21Innovative Industrial Properties: Is U.S. Cannabis Now Uninvestable?
Nov 25Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%
Nov 10Innovative Industrial Properties' Quiet Rise As Dividend Leader
Oct 16Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader
Sep 30Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield
Sep 16Innovative Industrial: Why It Is Time To Move To The Sidelines (Rating Downgrade)
Aug 23Innovative Industrial: Staying Neutral As Positives Roughly Balance Risks
Jul 16Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield
Jun 14Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past
May 14Innovative 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 19CEO 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$5m |
Compensation vs Market: Paul's total compensation ($USD5.05M) is about average for companies of similar size in the US market ($USD5.37M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
CEO
Paul Smithers (67 yo)
8.6yrs
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 | 8.6yrs | US$7.10m | 0.95% $ 18.4m | |
| President | 8.6yrs | US$5.05m | 0.27% $ 5.2m | |
| CFO & Treasurer | 1.8yrs | US$2.11m | no data | |
| Chief Operating Officer | 1.8yrs | US$2.11m | no data | |
| Chief Investment Officer | 1.8yrs | no data | no data | |
| VP & Chief Accounting Officer | 4yrs | no data | 0.021% $ 414.3k | |
| Director of Construction Management | no data | no data | no data |
1.8yrs
Average Tenure
58.5yo
Average Age
Experienced Management: IIPR's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 8.6yrs | US$7.10m | 0.95% $ 18.4m | |
| President | 8.2yrs | US$5.05m | 0.27% $ 5.2m | |
| Independent Director | 5.1yrs | US$235.05k | 0.0086% $ 165.4k | |
| Independent Vice Chairman of the Board | 8.6yrs | US$355.01k | 0.16% $ 3.0m | |
| Independent Director | 8.2yrs | US$245.05k | 0.032% $ 614.0k | |
| Independent Director | 8.2yrs | US$240.05k | 0.0060% $ 115.8k |
8.2yrs
Average Tenure
65.5yo
Average Age
Experienced Board: IIPR's board of directors are considered experienced (8.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/20 13:54 |
| End of Day Share Price | 2025/01/17 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 |
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| 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 11 analysts. 7 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 |
| William Catherwood | BTIG |
| Michael Gorman | BTIG |