Paul Smithers Salary and Compensation - Innovative Industrial Properties, Inc. CEO Pay 2025

In fiscal year 2025, Paul Smithers, President and Chief Executive Officer of Innovative Industrial Properties, Inc. (IIPR), received total compensation of $4.7 million.

Paul Smithers's compensation breakdown includes: base salary of $1.1 million, stock awards valued at $2.4 million, non-equity incentive compensation of $1.2 million, and other compensation of $11K.

Compared to fiscal year 2024, Paul Smithers's total compensation decreased 6% from $5.0 million to $4.7 million.

Innovative Industrial Properties, Inc. (IIPR) Executive Pay 2025

Innovative Industrial Properties, Inc.'s top 3 named executive officers received combined total compensation of $13.2 million in fiscal year 2025.

The named executive officers disclosed in Innovative Industrial Properties, Inc.'s 2025 proxy statement are:Paul Smithers (President and Chief Executive Officer) with total compensation of $4.7 million, Alan Gold (Chairman) with total compensation of $6.6 million, and David Smith (Chief Financial Officer and Treasurer) with total compensation of $1.9 million.