Monday, November 25, 2019

Irvine, California-Based Income-Tax-Free Real Estate Investment Trust HealthPeak Properties Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Messy But Robust 9.7% Per Year During the Past Ten Years

The fifth Democratic 2020 Presidential candidate debate just held in Atlanta showed just how strong the field is.  I thought 8 of the 10 candidates had very strong performances, with Pete Buttigieg, Amy Klobuchar, Cory Booker and Andrew Yang all having exceptional performances.  

A clear majority of the US is desperately seeking in the next US President someone who can unify the country.  Of all the Democratic Presidential candidates, Pete Buttigieg will be the best unifier of a very divided country.

Joe Biden is an exceptionally nice guy but his 77 years of age clearly impaired the effectiveness of his communication in this debate as it had in the other debates.  

While Bernie Sanders and Elizabeth Warren both performed well in the debate, they are still both burdened significantly by their positions on Medicare For All, which is fiscally extremely expensive (probably cost $20 to $30 trillion over ten years which would compound to $50 to $80 trillion over twenty years)  and which also doesn't permit citizens to keep their present health care insurance even if they really like it, and many do, including many union members who have fought hard to get the exceptional health care insurance that they now have and also including the rapidly-growing each year to now more than 20 million seniors who have chosen what they consider to be an attractive private health care insurance plan available in Medicare.

Barack Obama is spot on when he recently said that Democratic Presidential candidates shouldn’t pursue policies that were not rooted in reality.

And Obama was also spot on when he said that Democrats should push hard on the income inequality issue, arguing that this is an area where the room to talk about this in bold ways is greater than it was in 2008.

Further he said that it is very important for the Democratic Party to be clear and bold about saying that we are going to initiate structural changes that reduce that inequality.

The sixth Democratic 2020 Presidential candidate debate will be held on December 19, 2019 on the lovely campus of Loyola Marymount University in Los Angeles, California.  

Thus I will now be doing research and making posts on the annual pay and employee benefits percentage increases that the Top-Tier Executives of large Los Angeles area Companies were rewarded with in the past five to ten years.

I will be doing this research mostly by stock market capitalization and thus the 11th Los Angeles area company I am addressing here is REIT HealthPeak Properties Inc.

From annual compensation information contained in Company Proxy Statement filings with the US SEC, the chart below shows HealthPeak Properties Inc's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past ten years.

HealthPeak Properties Inc's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a messy but robust 9.7% per year during the past ten years.



FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
HealthPeak Properties 2018 2017 2017 2016 2016 2015 2015 2014 2014 2013
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Herzog CEO       8,620       7,311  N/A   N/A     
Brinker Chief Investment Officer  N/A   N/A 
Scott CFO  N/A   N/A 
Klaritch COO       3,290       2,655       2,655       1,891       1,891       1,774       1,774       1,635       1,635       1,512
McHenry General Counsel       3,240       2,030       2,030       1,932    
McKee Former Executive Chairman  N/A   N/A   N/A   N/A     
Anderson Chief Accounting Officer  N/A   N/A 
Hutchens Chief Investment Officer  N/A   N/A 
Martin Former CEO  N/A   N/A        6,879     12,447  N/A   N/A 
Schoen Former CFO  N/A   N/A        2,664       3,318       3,318       3,888
Gallagher Former EVP  N/A   N/A        3,731       4,638
Mercer Former EVP       2,592       3,193       3,193       3,952
 Totals      15,150     11,996       4,685       3,823       1,891       1,774     13,909     20,593     11,877     13,990
Annual % Change vs Prior Year 26.3% 22.5% 6.6% -32.5% -15.1%
5 Year Average Per Year % Change 1.6%
  FYE FYE FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec Dec Dec
HealthPeak Properties 2013 2012 2012 2011 2011 2010 2010 2009 2009 2008
Top-Tier Total Total Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Klaritch COO       1,512       1,410       1,410       1,461       1,461       1,185       1,185       1,161       1,161       1,089
Schoen Former CFO       3,888       2,560       2,560       2,381    
Gallagher Former Chief Investment Officer       4,638       4,285       4,285       5,236       5,236       2,910       2,910       2,890       2,890       2,027
Flaherty Chairman and CEO  N/A   N/A      11,799     13,763     13,763       7,974       7,974       7,974       7,974       9,007
Herzog Former CFO  N/A   N/A   N/A   N/A 
Henning General Counsel       1,466       1,522
Mercer Former General Counsel       3,952       2,335    
 Totals      13,990     10,590     20,054     22,841     20,460     12,069     12,069     12,025     13,491     13,645
Annual % Change vs Prior Year 32.1% -12.2% 69.5% 0.4% -1.1%
5 Year Average Per Year % Change 17.7%
10 Year Average Per Year % Change 9.7%