Pay vs Performance Disclosure

12 Months Ended

Dec. 31, 2024

USD ($)

$ / shares

Dec. 31, 2023

USD ($)

$ / shares

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive CAP and certain MAA performance for the fiscal years listed below. You should refer to the Compensation Disclosure and Analysis section of this Proxy Statement for a detailed description of how executive compensation relates to our performance and how the Compensation Committee makes its decisions.

					Value of Initial Fixed $100 Investment Based On:
Year (a)	Summary Compensation Table Total for PEO (b)	Compensation Actually Paid to PEO (c)	Average Summary Compensation Table Total for Non-PEO NEOs (d)	Average Compensation Actually Paid to Non-PEO NEOs (e)	Total Shareholder Return (f)	Peer Group Total Shareholder Return (g)	Net Income (in thousands) (h)	Company Selected Measure Core FFO per Share (i)
2020	$4,725,312	$  4,657,228	$1,959,200	$1,950,573	$99.36	$88.07	$264,015	$6.43
2021	$7,667,655	$22,312,216	$2,855,123	$8,092,843	$184.68	$142.47	$550,702	$7.01
2022	$8,369,017	$  2,852,716	$3,144,347	$1,269,983	$129.74	$96.76	$654,776	$8.50
2023	$8,015,765	$  2,144,633	$2,419,459	$    986,781	$115.38	$103.64	$567,831	$9.17
2024	$8,445,660	$ 9,076,587	$1,847,954	$1,897,663	$138.39	$124.86	$541,576	$8.88

Column (b): Represents the Total amount in the Summary Compensation Table for Mr. Bolton, our CEO, for all years shown.

Column (c):
 CAP to Mr. Bolton, our CEO, was calculated as outlined below.

PEO	2020	2021	2022	2023	2024
SCT Total Compensation	$4,725,312	$7,667,655	$8,369,017	$8,015,765	$8,445,660
Less: Stock and Option Award Values Reported in SCT	(2,852,176)	(3,742,806)	(4,123,473)	(4,728,342)	(5,309,618)
Plus: Fair Value for Stock and Option Awards Granted	3,737,339	9,658,031	3,478,219	3,304,816	6,054,921
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years	277,089	7,960,118	(4,189,587)	(4,244,626)	1,791,663
Change in Fair Value of Stock and Option Awards from Prior Years that Vested	(1,230,336)	769,218	(681,460)	(202,980)	(1,906,039)
Less: Fair Value of Stock and Option Awards Forfeited	-	-	-	-	-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans	-	-	-	-	-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans	-	-	-	-	-
CAP	$4,657,228	$22,312,216	$2,852,716	$2,144,633	$9,076,587

Column (d):
 Represents the average Total amount in the Summary Compensation Table for the Non-PEO NEOs for each respective year. In 2020, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Thomas L. Grimes, Jr. and Melanie Carpenter. In 2021 and 2022, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Grimes and Hill. In 2023, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Hill and Argo. In 2024, our NEOs, other than the CEO, were Messrs. Holder, Campbell, Hill, DelPriore and Argo.

Column (e):
 Average CAP to each year’s Non-PEO NEOs was calculated as outlined below.

Average of NEOs	2020	2021	2022	2023	2024
SCT Total Compensation	$1,959,200	$2,855,123	$3,144,347	$2,419,459	$1,847,954
Less: Stock and Option Award Values Reported in SCT	(1,059,644)	(1,258,533)	(1,253,096)	(1,125,423)	(840,377)
Plus: Fair Value for Stock and Option Awards Granted	1,389,290	3,247,309	1,056,848	786,497	958,233
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years	107,852	2,968,733	(1,418,158)	(1,039,069)	283,581
Change in Fair Value of Stock and Option Awards from Prior Years that Vested	(446,125)	280,211	(259,958)	(54,684)	(351,728)
Less: Fair Value of Stock and Option Awards Forfeited	-	-	-	-	-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans	-	-	-	-	-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans	-	-	-	-	-
CAP	$1,950,573	$8,092,843	$1,269,983	$986,781	$1,897,663

Column (f):
Represents the cumulative value of $100 invested in MAA on December 31, 2019 through the last day of each respective year.

Column (g):
Represents the cumulative value of $100 invested in the Dow Jones U.S. Real Estate Apartment Index, (the comparative index used in our incentive plans for performance share grants tied to multi-year relative TSR), on December 31, 2019 through the last day of each respective year.

Column (h):
 Represents the Net Income of MAA for each respective year, as expressed in thousands.

Column (i):
Besides the relative 3-Year TSR metric in our incentive plans for NEOs, the largest performance compensation metric is Core FFO per share, a key metric for assessing our overall financial performance and the primary award financial metric within the AIP for our NEOs. For a reconciliation of Net income available to our common shareholders to Core FFO per Share, see page 81.

Company Selected Measure Name

Core FFO per share

Named Executive Officers, Footnote

Column (b): Represents the Total amount in the Summary Compensation Table for Mr. Bolton, our CEO, for all years shown.

Column (d):
 Represents the average Total amount in the Summary Compensation Table for the Non-PEO NEOs for each respective year. In 2020, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Thomas L. Grimes, Jr. and Melanie Carpenter. In 2021 and 2022, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Grimes and Hill. In 2023, our NEOs, other than the CEO, were Messrs. Campbell, DelPriore, Hill and Argo. In 2024, our NEOs, other than the CEO, were Messrs. Holder, Campbell, Hill, DelPriore and Argo.

Peer Group Issuers, Footnote

Column (g):
Represents the cumulative value of $100 invested in the Dow Jones U.S. Real Estate Apartment Index, (the comparative index used in our incentive plans for performance share grants tied to multi-year relative TSR), on December 31, 2019 through the last day of each respective year.

PEO Total Compensation Amount

$ 8,445,660

$ 8,015,765

$ 8,369,017

$ 7,667,655

$ 4,725,312

PEO Actually Paid Compensation Amount

$ 9,076,587

2,144,633

2,852,716

22,312,216

4,657,228

Adjustment To PEO Compensation, Footnote

Column (c):
 CAP to Mr. Bolton, our CEO, was calculated as outlined below.

PEO	2020	2021	2022	2023	2024
SCT Total Compensation	$4,725,312	$7,667,655	$8,369,017	$8,015,765	$8,445,660
Less: Stock and Option Award Values Reported in SCT	(2,852,176)	(3,742,806)	(4,123,473)	(4,728,342)	(5,309,618)
Plus: Fair Value for Stock and Option Awards Granted	3,737,339	9,658,031	3,478,219	3,304,816	6,054,921
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years	277,089	7,960,118	(4,189,587)	(4,244,626)	1,791,663
Change in Fair Value of Stock and Option Awards from Prior Years that Vested	(1,230,336)	769,218	(681,460)	(202,980)	(1,906,039)
Less: Fair Value of Stock and Option Awards Forfeited	-	-	-	-	-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans	-	-	-	-	-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans	-	-	-	-	-
CAP	$4,657,228	$22,312,216	$2,852,716	$2,144,633	$9,076,587

Non-PEO NEO Average Total Compensation Amount

$ 1,847,954

2,419,459

3,144,347

2,855,123

1,959,200

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,897,663

986,781

1,269,983

8,092,843

1,950,573

Adjustment to Non-PEO NEO Compensation Footnote

Column (e):
 Average CAP to each year’s Non-PEO NEOs was calculated as outlined below.

Average of NEOs	2020	2021	2022	2023	2024
SCT Total Compensation	$1,959,200	$2,855,123	$3,144,347	$2,419,459	$1,847,954
Less: Stock and Option Award Values Reported in SCT	(1,059,644)	(1,258,533)	(1,253,096)	(1,125,423)	(840,377)
Plus: Fair Value for Stock and Option Awards Granted	1,389,290	3,247,309	1,056,848	786,497	958,233
Change in Fair Value of Outstanding Unvested Stock and Option Awards from Prior Years	107,852	2,968,733	(1,418,158)	(1,039,069)	283,581
Change in Fair Value of Stock and Option Awards from Prior Years that Vested	(446,125)	280,211	(259,958)	(54,684)	(351,728)
Less: Fair Value of Stock and Option Awards Forfeited	-	-	-	-	-
Less: Aggregate Change in Actuarial Present Value of Accumulated Benefit Under Pension Plans	-	-	-	-	-
Plus: Aggregate Service Cost and Prior Service Cost for Pension Plans	-	-	-	-	-
CAP	$1,950,573	$8,092,843	$1,269,983	$986,781	$1,897,663

Compensation Actually Paid vs. Total Shareholder Return

The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to the Value of an Initial Fixed $100 Investment Based on cumulative TSR and cumulative Peer Group TSR is presented in the following chart.	The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to Core FFO per Share is presented in the following chart.

Compensation Actually Paid vs. Net Income

The relationship between CAP to our PEO and Average CAP to our

Non-PEO NEOs to Net Income is presented in the following chart.

Compensation Actually Paid vs. Company Selected Measure

The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to the Value of an Initial Fixed $100 Investment Based on cumulative TSR and cumulative Peer Group TSR is presented in the following chart.	The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to Core FFO per Share is presented in the following chart.

Total Shareholder Return Vs Peer Group

The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to the Value of an Initial Fixed $100 Investment Based on cumulative TSR and cumulative Peer Group TSR is presented in the following chart.	The relationship between CAP to our PEO and Average CAP to our Non-PEO NEOs to Core FFO per Share is presented in the following chart.

Tabular List, Table

The below list of financial measures represents the measures the Compensation Committee felt were the most important measures in linking executive CAP to our performance during 2024. Consequently, these measures were used in our compensation incentive plans to link awards to performance realized.

3-Year TSR of MAA versus 3-Year TSR of the Dow Jones U.S. Real Estate Apartment Index

Annual Core FFO per Share

Annual SS NOI Growth

Annual FAD

Total Shareholder Return Amount

$ 138.39

115.38

129.74

184.68

99.36

Peer Group Total Shareholder Return Amount

$ 124.86

$ 103.64

$ 96.76

$ 142.47

$ 88.07

Company Selected Measure Amount | $ / shares

8.88

9.17

8.5

7.01

6.43

PEO Name

Mr. Bolton

Mr. Bolton

Mr. Bolton

Mr. Bolton

Mr. Bolton

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

$ 541,576,000

$ 567,831,000

$ 654,776,000

$ 550,702,000

$ 264,015,000

Measure:: 1

Pay vs Performance Disclosure

Name

3-Year TSR of MAA versus 3-Year TSR of the Dow Jones U.S. Real Estate Apartment Index

Measure:: 2

Pay vs Performance Disclosure

Name

Annual Core FFO per Share

Non-GAAP Measure Description

Column (i):
Besides the relative 3-Year TSR metric in our incentive plans for NEOs, the largest performance compensation metric is Core FFO per share, a key metric for assessing our overall financial performance and the primary award financial metric within the AIP for our NEOs. For a reconciliation of Net income available to our common shareholders to Core FFO per Share, see page 81.

Measure:: 3

Pay vs Performance Disclosure

Name

Annual SS NOI Growth

Measure:: 4

Pay vs Performance Disclosure

Name

Annual FAD

PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

0

0

0

0

PEO | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(5,309,618)

(4,728,342)

(4,123,473)

(3,742,806)

(2,852,176)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

6,054,921

3,304,816

3,478,219

9,658,031

3,737,339

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,791,663

(4,244,626)

(4,189,587)

7,960,118

277,089

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,906,039)

(202,980)

(681,460)

769,218

(1,230,336)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO | Aggregate Pension Adjustments Service Cost

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

0

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(840,377)

(1,125,423)

(1,253,096)

(1,258,533)

(1,059,644)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

958,233

786,497

1,056,848

3,247,309

1,389,290

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

283,581

(1,039,069)

(1,418,158)

2,968,733

107,852

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(351,728)

(54,684)

(259,958)

280,211

(446,125)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0

$ 0

$ 0