Camden Property Trust Announces Tax Characteristics of 2022 Distributions

Rhea-AI Summary

Camden Property Trust (NYSE:CPT) announced the tax characteristics of its 2022 distributions, aiding banks and investors in reporting on Form 1099-DIV. Key details include:

• 2022 Total Distribution per Share: $0.940000 across multiple dates.
• Ordinary Taxable Dividends: $0.000000.
• Qualified Dividends: $0.000000.
• Total Capital Gain Distributions: $0.185986, with an unrecaptured Section 1250 Gain of $0.027761.
• Return of Capital: $0.185986.
• Shareholders are advised to consult tax advisors regarding the implications of these distributions.

Positive

• Total distribution per share remained consistent at $0.940000 for three payment dates.
• Total capital gain distributions reported at $0.185986, indicating potential for tax planning.

Negative

• Ordinary and qualified dividends reported as $0.000000, indicating no direct dividend income for shareholders.
• Shareholders face uncertainty due to varying tax treatments by state and local authorities.

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) (the “Company”) announced today the income tax characteristics of its 2022 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Forms 1099 to their account holders. The final classifications of the distributions for 2022 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

Record Date	Payment Date	Total Distribution Per Share(1)	Ordinary Taxable Dividends	Qualified Dividends(2)	Total Capital Gain Distributions	Unrecaptured Sec. 1250 Gain 25% Rate(3)	Section 897 Dividends(3)	Return of Capital
03/31/22	04/18/22	$0.940000	$0.000000	$0.000000	$0.185986	$0.027761	$0.185986	$0.754014
06/30/22	07/15/22	$0.940000	$0.000000	$0.000000	$0.185986	$0.027761	$0.185986	$0.754014
09/30/22	10/17/22	$0.940000	$0.000000	$0.000000	$0.185986	$0.027761	$0.185986	$0.754014

(1)		The distribution paid on January 17, 2023 will be considered a 2023 distribution for US federal income tax purposes and will be subject to taxation based on the Company’s 2023 earnings and profits.
(2)		These amounts are a subset of, and included in, the 2022 ordinary taxable dividends amount.
(3)		These amounts are a subset of, and included in, the total 2022 capital gain distribution.

The tax treatment of these dividends by state and local authorities may vary from the federal treatment. Because federal and state tax laws affect taxpayers differently, the Company cannot advise shareholders how dividends should be reported on their tax returns. The Company encourages shareholders to consult their own tax advisors for the income tax consequences of the dividend payments outlined above.

In addition to historical information, this document contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates, and projections about the industry and markets in which Camden operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict. Factors which may cause the Company’s actual results or performance to differ materially from those contemplated by forward-looking statements are described under the heading “Risk Factors” in Camden’s Annual Report on Form 10-K and in other filings with the Securities and Exchange Commission (SEC). Forward-looking statements made in this document represent management’s opinions at the time of this publication, and the Company assumes no obligation to update or supplement these statements because of subsequent events.

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 58,702 apartment homes across the United States. Upon completion of 6 properties currently under development, the Company’s portfolio will increase to 60,652 apartment homes in 178 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/20230124006061/en/

Kim Callahan, 713-354-2549

Source: Camden Property Trust

FAQ

What are the 2022 distributions for Camden Property Trust (CPT)?

Camden Property Trust announced a total distribution of $0.940000 per share for 2022, with capital gain distributions totaling $0.185986.

When were the distribution payments made for Camden Property Trust (CPT) in 2022?

The distribution payments were made on April 18, July 15, and October 17, 2022.

What tax implications do the 2022 distributions have for Camden Property Trust (CPT) shareholders?

Shareholders are advised to consult tax advisors, as the tax treatment may vary based on state and local laws.