Camden Property Trust Announces Participation in BofA Securities 2023 Global Real Estate Conference and Provides Third Quarter 2023 Operating Update
08 September 2023 - 7:00AM
Business Wire
Camden Property Trust (NYSE:CPT) (the “Company”) announced today
that the Company will participate in the BofA Securities 2023
Global Real Estate Conference to be held September 12 – 13, 2023.
Camden’s presentation has been scheduled for Tuesday, September 12,
2023, at 3:40 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
2023 as detailed below.
Same Property Occupancy
2Q23
Jul 2023
Aug 2023
Occupancy
95.4%
95.6%
95.8%
Same Property New Lease and Renewal
Data – Date Signed(1)
2Q23
Jul 2023
Aug 2023
New Lease Rates
2.2%
1.4%
0.0%
Renewal Rates
5.9%
5.2%
4.9%
Blended Rates
4.1%
3.3%
2.3%
Same Property New Lease and Renewal
Date – Date Effective(2)
2Q23
July 2023
Aug 2023
New Lease Rates
2.2%
2.0%
1.0%
Renewal Rates
6.3%
6.3%
6.0%
Blended Rates
4.0%
4.1%
3.6%
(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.
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 58,961 apartment homes across
the United States. Upon completion of 5 properties currently under
development, the Company’s portfolio will increase to 60,514
apartment homes in 177 properties. Camden has been recognized as
one of the 100 Best Companies to Work For® by FORTUNE magazine for
16 consecutive years, most recently ranking #33.
For additional information, please contact Camden’s Investor
Relations Department at (713) 354-2787 or access our website at
camdenliving.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230907025843/en/
Kim Callahan, 713-354-2549
Camden Property (NYSE:CPT)
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