CAMDEN PROPERTY TRUST

Camden Property Trust announced its second quarter 2026 operating results, reporting FFO of $1.68 and EPS of $0.18 per diluted share, both surpassing guidance. The company completed the sale of its California portfolio for approximately $1.625 billion, significantly impacting its updated 2026 EPS guidance to $9.76 - $10.10. Camden also engaged in substantial acquisition activity, purchasing 7 apartment communities and 2 land parcels for $690.4 million, and repurchased $144.1 million in common shares during the quarter. While same-property NOI saw a decline, the company's strategic portfolio adjustments and capital management activities were prominent.

Camden Property Trust announced that Michael P. Gallagher, Senior Vice President Chief Accounting Officer, will retire from the company effective July 2, 2026. As part of a transition plan, the Board of Trust Managers has appointed Kevin J. Necas, Jr. as the new Senior Vice President Chief Accounting Officer, also effective July 2, 2026. Mr. Necas, who joined the company in 2023, will assume the role of principal accounting officer.

Camden Property Trust announced that its shareholders approved all five proposals at the Annual Meeting. These approvals included the election of eleven Trust Managers, the advisory approval of executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2026. Additionally, shareholders approved both the Amended and Restated 2018 Share Incentive Plan and the Amended and Restated 2018 Employee Share Purchase Plan.

Camden Property Trust announced Q1 2026 operating results, with diluted EPS of $0.40 and FFO of $1.15. FFO was significantly impacted by a $53.0 million litigation-related charge. The company also reported a 0.7% decrease in same property Net Operating Income (NOI) year-over-year and negative effective new lease rates of (5.2)%. Strategic actions included the issuance of $600 million in senior unsecured notes, the acquisition of two communities for $171.3 million, and share repurchases totaling $422.9 million year-to-date.

Camden Property Trust renewed its "at the market" sales program, entering into new agreements to offer and sell common shares with an aggregate offering price of up to $500,000,000. The program allows for sales directly through managers or via forward sale agreements. Net proceeds are intended for general corporate purposes, including reducing borrowings under its $1.2 billion unsecured revolving credit facility, repaying other indebtedness, or repurchasing outstanding debt or equity securities.