Camden Property Trust Announces Participation in Nareit’s REITweek 2022 Investor Conference and Provides Second Quarter 2022 Operating Update

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

earnings

06/06/2022 - 04:15 PM

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE: CPT) (the “Company”) announced today that it will participate in Nareit’s REITweek 2022 Investor Conference which is being held June 7-9, 2022.

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

Same Property Occupancy	1Q22	April 2022	May 2022
Occupancy	97.1%	96.9%	96.9%

Same Property New Lease and Renewal Data – Date Signed⁽¹⁾⁽²⁾	1Q22⁽²⁾	April 2022	May 2022
New Lease Rates	15.8%	14.9%	17.5%
Renewal Rates	13.2%	14.3%	14.5%
Blended Rates	14.4%	14.6%	15.9%

Same Property New Lease and Renewal Data – Date Effective⁽³⁾⁽⁴⁾	1Q22⁽⁴⁾	April 2022	May 2022
New Lease Rates	16.1%	14.6%	15.8%
Renewal Rates	14.1%	13.2%	13.0%
Blended Rates	15.1%	13.9%	14.3%

(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed.
(2) Data represents average monthly leases effective during the period.
(3) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.
(4) Data represents average monthly leases signed during the period.

Camden’s complete investor presentation is available in the Investors section of the Company’s website at camdenliving.com.

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 170 properties containing 58,055 apartment homes across the United States. Upon completion of 5 properties currently under development, the Company’s portfolio will increase to 59,894 apartment homes in 175 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.