Camden Property Trust Announces Participation in Bank of America Securities 2022 Global Real Estate Conference and Provides Third Quarter 2022 Operating Update

Rhea-AI Summary

Camden Property Trust (NYSE:CPT) announced participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022, with a presentation scheduled for 2:55 PM ET on September 13. The event will be webcast live on Camden's website. The company reported a same property occupancy rate of 96.9% as of 2Q22, with new lease rates increasing by 16.2%. Camden is recognized as one of the 100 Best Companies to Work For® by Fortune magazine, ranking #26 in its latest list.

Positive

• Same property occupancy rate at 96.9% for 2Q22.
• New lease rates increased by 16.2% in 2Q22.
• Camden has been recognized as one of the 100 Best Companies to Work For® by Fortune magazine for 15 consecutive years.

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in the Bank of America Securities 2022 Global Real Estate Conference to be held September 13 – 14, 2022. Camden’s presentation has been scheduled for Tuesday, September 13, 2022, at 2:55 PM Eastern Time. The event will be webcast live in a listen-only mode at camdenliving.com in the Investors section, and an audio archive will be available on the Company’s website shortly after the event concludes. A copy of Camden’s most recent investor presentation will also be available in the Investors section of the Company’s website.

The Company also provided operating statistics for third quarter 2022 as detailed below.

Same Property Occupancy	2Q22	Jul 2022	Aug 2022
Occupancy	96.9%	96.7%	96.7%
Same Property New Lease and Renewal Data – Date Signed(1)	2Q22	Jul 2022	Aug 2022
New Lease Rates	16.2%	13.3%	12.2%
Renewal Rates	14.4%	12.6%	11.2%
Blended Rates	15.2%	12.9%	11.8%
Same Property New Lease and Renewal Date – Date Effective(2)	2Q22	July 2022	Aug 2022
New Lease Rates	15.2%	15.5%	14.9%
Renewal Rates	13.3%	14.5%	14.4%
Blended Rates	14.2%	15.0%	14.6%
(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed.
(2) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 171 properties containing 58,425 apartment homes across the United States. Upon completion of 5 properties currently under development, the Company’s portfolio will increase to 60,267 apartment homes in 176 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 15 consecutive years, most recently ranking #26.

For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006206/en/

Kim Callahan, 713-354-2549

Source: Camden Property Trust

FAQ

What is Camden Property Trust's current occupancy rate as of 2Q22?

Camden Property Trust's same property occupancy rate is 96.9% for 2Q22.

When is Camden Property Trust's presentation at the Bank of America Securities 2022 Global Real Estate Conference?

Camden Property Trust's presentation is scheduled for September 13, 2022, at 2:55 PM Eastern Time.

What was the increase in new lease rates for Camden Property Trust in 2Q22?

Camden Property Trust reported an increase of 16.2% in new lease rates for 2Q22.

How many properties does Camden Property Trust currently own?

Camden Property Trust owns interests in 171 properties containing 58,425 apartment homes.

What recognition has Camden Property Trust received from Fortune magazine?

Camden Property Trust has been recognized as one of the 100 Best Companies to Work For® by Fortune magazine, ranking #26 in its latest list.