Wednesday, November 27, 2019

Agoura Hills, California-Based REIT American Homes 4 Rent's Top-Tier Executives Average Annual Pay and Employee Benefits Increase Was a Robust 14.0% Per Year During the Past Four Years Since Its July 2013 IPO

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.

Tulsi Gabbard was again not Presidential in this debate.

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 21st Los Angeles area company I am addressing here is American Homes 4 Rent, which went public in an IPO in July 2013.

From annual compensation information contained in Proxy Statement filings with the US SEC, the chart below shows American Homes 4 Rent's Top-Tier Executives Annual Total Compensation for each of the two consecutive full years of employment for the past four years since it July 2013 IPO.

American Homes 4 Rent's Top-Tier Executives Average Annual Pay and Employee Benefits Increase was a robust 14.0% per year during the past four years.

FYE FYE FYE FYE FYE FYE FYE FYE
Dec Dec Dec Dec Dec Dec Dec Dec
American Homes 4 Rent 2018 2017 2017 2016 2016 2015 2015 2014
Top-Tier Total Total Total Total Total Total Total Total
Executive Comp Comp Comp Comp Comp Comp Comp Comp
$ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s $ 000s
Singelyn CEO          473          268          268          272          272          282          282          272
Corrigan COO          442          242          242          240          240          249          249          226
Lau CFO       1,047          855
Laing Former CFO  N/A   N/A           897          589          589          595  N/A   N/A 
Vogt-Lowell Chief Legal Officer          880          732          732          549  N/A   N/A   N/A   N/A 
Smith President-Property Management       1,053       1,024       1,024          509          509          604          604          747
Heim Counsel          880          688        
 Totals        4,775       3,809       3,163       2,159       1,610       1,730       1,135       1,245
Annual % Change vs Prior Year 25.4% 46.5% -6.9% -8.8%
4 Year Average Per Year % Change 14.0%