Camden Property Trust Announces Participation in BofA Securities 2024 Global Real Estate Conference and Provides Third Quarter 2024 Operating Update
Camden Property Trust (NYSE:CPT) announced its participation in the BofA Securities 2024 Global Real Estate Conference, scheduled for September 10-12, 2024. The company's presentation is set for September 10 at 12:45 PM Eastern Time. Camden also provided third quarter 2024 operating statistics, showing improvements in same property occupancy from 95.0% in Q1 to 95.6% in Q3. Blended lease rates improved from -0.9% in Q1 to 0.4% in Q3 (date signed) and from -1.1% to 1.0% (date effective). Camden owns and operates 172 properties with 58,250 apartment homes across the US, with plans to increase to 59,996 homes in 177 properties upon completion of ongoing developments.
Camden Property Trust (NYSE:CPT) ha annunciato la propria partecipazione alla Conferenza Globale sul Real Estate 2024 di BofA Securities, in programma dal 10 al 12 settembre 2024. La presentazione dell'azienda è fissata per il 10 settembre alle 12:45 ora orientale. Camden ha inoltre fornito statistiche operative del terzo trimestre 2024, che mostrano miglioramenti nell'occupazione delle stesse proprietà dal 95,0% nel primo trimestre al 95,6% nel terzo trimestre. I tassi di affitto misti sono migliorati dal -0,9% nel primo trimestre allo 0,4% nel terzo (data di firma) e dal -1,1% all'1,0% (data di inizio). Camden possiede e gestisce 172 proprietà con 58.250 appartamenti negli Stati Uniti, con piani di aumentare a 59.996 appartamenti in 177 proprietà al termine dei lavori in corso.
Camden Property Trust (NYSE:CPT) anunció su participación en la Conferencia Global de Bienes Raíces 2024 de BofA Securities, programada para el 10 al 12 de septiembre de 2024. La presentación de la compañía está programada para el 10 de septiembre a las 12:45 PM hora del Este. Camden también proporcionó estadísticas operativas del tercer trimestre de 2024, que muestran mejoras en la ocupación de las mismas propiedades, del 95,0% en el primer trimestre al 95,6% en el tercer trimestre. Las tasas de arrendamiento combinadas mejoraron del -0,9% en el primer trimestre al 0,4% en el tercero (fecha de firma) y del -1,1% al 1,0% (fecha de inicio). Camden posee y opera 172 propiedades con 58,250 hogares de apartamentos en los EE. UU., con planes de aumentar a 59,996 hogares en 177 propiedades una vez completados los desarrollos en curso.
캠든 프라퍼티 트러스트(NYSE:CPT)는 2024년 9월 10일부터 12일까지 예정된 BofA 증권 글로벌 부동산 컨퍼런스에 참여한다고 발표했습니다. 회사의 발표는 9월 10일 동부 시간으로 오후 12시 45분에 예정되어 있습니다. 캠든은 또한 2024년 3분기 운영 통계를 제공했으며, 같은 자산의 점유율이 1분기 95.0%에서 3분기 95.6%로 개선된 것을 보여주고 있습니다. 혼합 임대료는 1분기 -0.9%에서 3분기 0.4%로 개선되었고(계약 체결일 기준), -1.1%에서 1.0%로 개선되었습니다(발효일 기준). 캠든은 미국 전역에서 58,250개의 아파트가 있는 172개의 부동산을 소유 및 운영하고 있으며, 진행 중인 개발이 완료되면 177개 부동산에서 59,996개의 주택으로 증가할 계획입니다.
Camden Property Trust (NYSE:CPT) a annoncé sa participation à la Conférence Mondiale sur l'Immobilier 2024 de BofA Securities, prévue du 10 au 12 septembre 2024. La présentation de l'entreprise est prévue le 10 septembre à 12h45, heure de l'Est. Camden a également fourni des statistiques opérationnelles pour le troisième trimestre 2024, montrant des améliorations dans l'occupation des mêmes propriétés, passant de 95,0% au premier trimestre à 95,6% au troisième trimestre. Les taux de baux mélangés ont amélioré de -0,9% au premier trimestre à 0,4% au troisième (date de signature) et de -1,1% à 1,0% (date d'entrée en vigueur). Camden possède et exploite 172 propriétés avec 58 250 appartements à travers les États-Unis, avec des plans d'augmenter à 59 996 appartements dans 177 propriétés une fois les développements en cours achevés.
Camden Property Trust (NYSE:CPT) hat seine Teilnahme an der BofA Securities Global Real Estate Conference 2024 angekündigt, die vom 10. bis 12. September 2024 stattfinden wird. Die Präsentation des Unternehmens ist für den 10. September um 12:45 Uhr Eastern Time angesetzt. Camden hat auch Betreiberstatistiken für das dritte Quartal 2024 bereitgestellt, die Verbesserungen bei der Belegung der gleichen Immobilien von 95,0% im ersten Quartal auf 95,6% im dritten Quartal zeigen. Die mischten Mietpreise verbesserten sich im ersten Quartal von -0,9% auf 0,4% im dritten Quartal (Datum der Unterzeichnung) und von -1,1% auf 1,0% (wirksames Datum). Camden besitzt und betreibt 172 Immobilien mit 58.250 Wohnanlagen in den USA und plant, nach Abschluss der laufenden Entwicklungen auf 59.996 Wohnungen in 177 Immobilien zu erhöhen.
- Improvement in same property occupancy from 95.0% in Q1 to 95.6% in Q3 2024
- Positive trend in blended lease rates, reaching 0.4% (date signed) and 1.0% (date effective) in Q3 2024
- Renewal rates remained positive and stable at 3.7% (date signed) and 3.8% (date effective) in Q3 2024
- Expansion of portfolio with 5 properties under development, increasing total apartment homes from 58,250 to 59,996
- Negative new lease rates in Q3 2024, at -2.4% (date signed) and -1.9% (date effective)
- Slower growth in blended rates compared to Q2 2024
The Company also provided operating statistics for third quarter 2024 as detailed below.
Same Property Occupancy |
1Q24 |
2Q24 |
3Q24* |
Occupancy |
|
|
|
|
|
|
|
Same Property New Lease and Renewal Data – Date Signed(1) |
1Q24 |
2Q24 |
3Q24* |
New Lease Rates |
(4.1)% |
(1.8)% |
(2.4)% |
Renewal Rates |
|
|
|
Blended Rates |
(0.9)% |
|
|
|
|
|
|
Same Property New Lease and Renewal Date – Date Effective(2) |
1Q24 |
2Q24 |
3Q24* |
New Lease Rates |
(4.4)% |
(2.6)% |
(1.9)% |
Renewal Rates |
|
|
|
Blended Rates |
(1.1)% |
|
|
(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed. |
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(2) Average change in same property new lease and renewal rates vs. expiring lease rates when effective. |
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* 3Q24 data through 8/31/24. |
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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 172 properties containing 58,250 apartment homes across
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/20240905064117/en/
Kim Callahan, 713-354-2549
Source: Camden Property Trust
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