Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in the Bank of America Securities 2022 Global Real Estate Conference to be held September 13 – 14, 2022. Camden’s presentation has been scheduled for Tuesday, September 13, 2022, at 2:55 PM Eastern Time. The event will be webcast live in a listen-only mode at camdenliving.com in the Investors section, and an audio archive will be available on the Company’s website shortly after the event concludes. A copy of Camden’s most recent investor presentation will also be available in the Investors section of the Company’s website.
The Company also provided operating statistics for third quarter 2022 as detailed below.
Same Property Occupancy |
2Q22 |
Jul 2022 |
Aug 2022 |
Occupancy |
96.9% |
96.7% |
96.7% |
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Same Property New Lease and Renewal Data – Date Signed(1) |
2Q22 |
Jul 2022 |
Aug 2022 |
New Lease Rates |
16.2% |
13.3% |
12.2% |
Renewal Rates |
14.4% |
12.6% |
11.2% |
Blended Rates |
15.2% |
12.9% |
11.8% |
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Same Property New Lease and Renewal Date – Date Effective(2) |
2Q22 |
July 2022 |
Aug 2022 |
New Lease Rates |
15.2% |
15.5% |
14.9% |
Renewal Rates |
13.3% |
14.5% |
14.4% |
Blended Rates |
14.2% |
15.0% |
14.6% |
(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed. |
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(2) Average change in same property new lease and renewal rates vs. expiring lease rates when effective. |
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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 171 properties containing 58,425 apartment homes across the United States. Upon completion of 5 properties currently under development, the Company’s portfolio will increase to 60,267 apartment homes in 176 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/20220907006206/en/
Contacts
Kim Callahan, 713-354-2549
