Camden Property Trust Announces Participation in Nareit’s REITweek 2024 Investor Conference and Provides Second Quarter 2024 Operating Update
HOUSTON, May 31, 2024–(BUSINESS WIRE)–Camden Property Trust (NYSE: CPT) (the “Company”) announced today that it will participate in Nareit’s REITweek 2024 Investor Conference which is being held June 3-6, 2024.
The Company also provided operating statistics for second quarter 2024 as detailed below.
|
Same Property Occupancy |
1Q24 |
April 2024 |
May 2024* |
|
Occupancy |
95.0% |
95.2% |
95.2% |
|
|
|
|
|
|
Same Property New Lease and Renewal Data – Date Signed(1) |
1Q24 |
April 2024 |
May 2024* |
|
New Lease Rates |
(4.1)% |
(1.8)% |
(1.8)% |
|
Renewal Rates |
3.4% |
3.4% |
3.9% |
|
Blended Rates |
(0.9)% |
0.6% |
1.0% |
|
|
|
|
|
|
Same Property New Lease and Renewal Data – Date Effective(2) |
1Q24 |
April 2024 |
May 2024* |
|
New Lease Rates |
(4.4)% |
(3.4)% |
(2.4)% |
|
Renewal Rates |
3.8% |
3.5% |
3.1% |
|
Blended Rates |
(1.1)% |
(0.2)% |
0.0% |
|
(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed. |
|
(2) Average change in same property new lease and renewal rates vs. expiring lease rates when effective. |
|
*2Q24 data through 5/29/24. |
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 and operates 171 properties containing 58,061 apartment homes across the United States. Upon completion of 4 properties currently under development, the Company’s portfolio will increase to 59,227 apartment homes in 175 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 17 consecutive years, most recently ranking #24.
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/20240531819005/en/
Contacts
Kim Callahan, 713-354-2549
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