Camden Property Trust Announces Dual Listing on NYSE Texas
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dual listingfinancial
A dual listing is when a company makes the same shares available on two different stock exchanges, often in different countries, so investors can buy and sell the same ownership stake in more than one market—like a shop opening branches in two cities that sell the same product. It matters to investors because it can widen the pool of buyers, make shares easier to trade, expose the stock to different currencies and rules, and create price differences or arbitrage opportunities that affect returns and risk.
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HOUSTON--(BUSINESS WIRE)--
Camden Property Trust (NYSE:CPT) (the “Company”) announced today the dual listing of its common stock on NYSE Texas, the newly launched, fully electronic equities exchange headquartered in Dallas, Texas. The Company will maintain its primary listing on the New York Stock Exchange and trade under the same ticker symbol “CPT” on NYSE Texas.
“As a Texas-based S&P 500 company, we are proud to be dual listed on NYSE Texas and show our support to the state we have called home for over thirty years. We believe Texas’s long-standing commitment to pro-growth, business-friendly policies promotes a resilient economy," said Richard J. Campo, Camden’s Chairman and CEO.
“Camden Property Trust’s dual listing on NYSE Texas highlights the company’s Texas roots and continued leadership in the multifamily real estate sector,” said Bryan Daniel, President, NYSE Texas.
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 58,759 apartment homes across the United States. Upon completion of 3 properties currently under development, the Company’s portfolio will increase to 59,921 apartment homes in 175 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 18 consecutive years, most recently ranking #18.
For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.
