Posted: 06/10/2025 07:38 am
Mid-America Apartment Communities, Inc. (NYSE: MAA) is a prominent player in the real estate investment trust (REIT) sector, focusing on residential apartment communities. One of the significant aspects of evaluating any corporation is understanding its executive compensation trends, which can offer insights into the company's valuation and priorities.
For 2024, A. Bradley Hill, the President and Chief Investment Officer of MAA, received a total compensation package valued at $3,197,546. Interestingly, this sizable amount did not include traditional cash salary, bonus, stock, or options awards, nor incentive plan compensation. All of Hill's compensation in 2024 was categorized under 'all other compensation'—a rather unconventional structure.^1 This might indicate a compensation model emphasizing long-term benefits or perks unique to the position, which requires further scrutiny to comprehend fully.
In contrast, the total compensation for H. Eric Bolton, Jr., who served as CEO in 2023, was substantially higher at $8,015,765, using similar components, suggesting either an annual monetary redistributive strategy or fluctuating performance benchmarks within the organization during his tenure.^2 Such compensation packages without traditional fixed-income components may reflect a focus on aligning executive interests with broader company performance metrics.
Delving back into historical data, the compensation of Albert M. Campbell III, EVP and CFO in 2018, was reported as $2,210,944. This included a mix of salary, bonus, and substantial stock awards, amongst other components, indicative of a more traditional compensation framework during that period.^3 Interestingly, Thomas L. Grimes, Jr., EVP and COO in 2017, had a similarly structured package, amounting to $2,861,239, further supported by significant stock awards.^4 These figures suggest a shift over time at MAA towards compensation structures without explicit cash or stock components.
Regarding market performance, MAA's current stock price stands at $151, an increase from previous lows yet below its 52-week high of $173.38, reflecting market volatility yet stable growth expectations from shareholders.^5 Recent announcements, including MAA's regular quarterly preferred dividend and a significant presentation planned at the Nareit REITweek: 2025 Investor Conference, align with a forward-looking strategy aimed at enhancing shareholder value.^6^7^8^9
MAA's executive compensation strategy has evolved considerably over recent years, transitioning from conventional salary and stock awards towards contemporary models focused on variable components. This shift suggests MAA’s continued efforts to adapt and realign with broader industry standards, potentially enhancing long-term corporate resilience against market fluctuations.
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1. SEC Archive. Mid-America Apartment Communities, Inc. 2024 Compensation Report. [Link](https://www.sec.gov/Archives/edgar/data/912595/000114036125011461/0001140361-25-011461-index.htm)
2. SEC Archive. Mid-America Apartment Communities, Inc. 2023 Compensation Report. [Link](https://www.sec.gov/Archives/edgar/data/912595/000114036124018668/0001140361-24-018668-index.htm)
3. SEC Archive. Mid-America Apartment Communities, Inc. 2018 Compensation Report. [Link](https://www.sec.gov/Archives/edgar/data/912595/000114036121011504/0001140361-21-011504-index.htm)
4. SEC Archive. Mid-America Apartment Communities, Inc. 2017 Compensation Report. [Link](https://www.sec.gov/Archives/edgar/data/912595/000114036119006792/0001140361-19-006792-index.htm)
5. Market Data Snapshot for MAA. Mid-America Apartment Communities, Inc. [Exchange: NYSE]
6. PRNewswire. Mid-America Apartment Communities, Inc. to Present at the Nareit REITweek: 2025 Investor Conference. [Link](https://www.prnewswire.com/news-releases/maa-to-present-at-the-nareit-reitweek-2025-investor-conference-302471087.html)
7. PRNewswire. Mid-America Apartment Communities, Inc. Announces Regular Quarterly Preferred Dividend. [Link](https://www.prnewswire.com/news-releases/maa-announces-regular-quarterly-preferred-dividend-302471047.html)
8. PRNewswire. Mid-America Apartment Communities, Inc. Announces Quarterly Common Dividend. [Link](https://www.prnewswire.com/news-releases/maa-announces-quarterly-common-dividend-302460949.html)
9. Seeking Alpha. Preferred Stocks To Sell: Mid-America Apartment Communities' MAA.PR.I. [Link](https://seekingalpha.com/article/4784495-preferred-stocks-to-sell-part-4-mid-america-apartment-communities-maapri)
