UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission file number: 1-12110 TX 76-6088377 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.) 1 ...

Camden Property Trust (NYSE:CPT) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Kimberly Callahan - Senior Vice President, Investor Relations Richard Campo - Chairman and CEO Keith Oden - Executive Vice Chairman and President Alexander Jessett - Chief Financial Officer Conference Call Participants Jamie Feldman - Wells Fargo Joshua Dennerlein - Bank of America Derek Johnston - Deutsche Bank Alexander Goldfarb - Piper Sandler Haendel St. Juste - Mizuho Securities Eric Wo ...

Table of Contents | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------|-------|-----------|-------|-----------------------------|-------|----------------|-------|------------|----------| | ($ in thousands) | at \n | 3/31/2023 | | Three Months March \n2023 | 31, | Ended \n2022 | | Change \n$ | % | | Property revenues: | | | | | | | | | | | Same store communities | | 48,137 | $ | 310,126 | $ | 287,206 | $ | 22,920 | 8.0 % | | Non-same store communities | | 10,5 ...

Less: Fee and asset management income Plus: Fee and asset management expense 4,511 Less: Gain on sale of operating properties NOI Other 18,526 Adjusted EBITDA is defined by the Company as earnings before interest, taxes, depreciation and amortization, including net operating income from discontinued operations, excluding equity in (income) loss of joint ventures, (gain) loss on acquisition of unconsolidated joint venture interests, gain on acquisition of controlling interest in joint ventures, gain on sale ...

Insuf icient cash flows could limit our ability to make required payments for debt obligations or pay distributions to shareholders. Substantially all of our income is derived from rental and other income from our multifamily communities. As a result, our performance depends in large part on our ability to collect rent from residents, which could be negatively affected by a number of factors including, but not limited to, the following: • delay in resident lease commencements; • decline in occupancy; • fail ...

Financial Data and Key Metrics Changes - The company reported funds from operations (FFO) for Q4 2022 of $191.6 million or $1.74 per share, a 15% increase per share from Q4 2021 [96] - The expected FFO per share for 2023 is projected to be in the range of $6.70 to $7.00, with a midpoint of $6.85, representing a $0.26 increase from 2022 results [97] - The company anticipates same-store revenue growth of 5.1% for 2023, down from the record 11.2% growth in 2022 [63][84] Business Line Data and Key Metrics Changes - Same-property revenue growth was 9.9% for Q4 2022 and 11.2% for the full year 2022, with nine markets exceeding 10% revenue growth for the quarter [118] - The company expects same-store expense growth of 5.5% in 2023, driven primarily by increases in property taxes and insurance [15][122] Market Data and Key Metrics Changes - Occupancy averaged 95.8% during Q4 2022, down from 96.6% in the previous quarter and 97.1% in Q4 2021 [71] - The company projects a 100-basis-point decline in economic occupancy due to increased supply, leading to a 5.5% rental income growth forecast for 2023 [48][148] Company Strategy and Development Direction - The company plans to maintain a balanced approach with $250 million in acquisitions offset by $250 million in dispositions, expecting no net accretion or dilution [16][151] - The company is focusing on markets with strong demand, particularly in Florida, while being cautious about markets like Houston and LA due to varying economic conditions [64][117] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued demand for apartments in 2023, citing high mortgage rates and consumer reluctance to transition to homeownership [65][83] - The macroeconomic environment remains uncertain, with potential job growth or losses being a wildcard for the year [88] Other Important Information - The company noted that rental rates for Q4 had signed new leases up 4% and renewals up 8.4%, indicating a blended rate of 6.1% [94] - The company highlighted a significant increase in insurance expenses due to global losses, projecting a 12.5% increase in insurance costs [49] Q&A Session Summary Question: What is the outlook for blended spreads and concessions? - Management indicated they do not expect new leases to go negative in the next six to nine months, despite a significant negative second derivative on growth [40][41] Question: What is the outlook for Houston and LA markets? - Management noted that Houston's outlook is improving due to energy sector strength, while LA remains stable but cautious due to higher delinquencies [117][70] Question: How does the company view the transaction market? - Management acknowledged a wide bid-ask spread in the transaction market, indicating a standoff until buyers and sellers adjust their valuation expectations [81][154]

| --- | --- | --- | --- | --- | |-----------------|------------|----------------------|---------------------|---------------------| | | | | | | | Total Portfolio | A- GRADE | Moderating OUTLOOK | 4% - 6% REVENUE | 200,000 COMPLETIONS | EXPECTED GRADE OUTLOOK REVENUE | --- | --- | --- | --- | --- | |-------------------|-------|------------|-----------|--------| | Orlando | A+ | Moderating | 6% - 8% | 12,000 | | Southeast Florida | A+ | Moderating | 6% - 8% | 11,000 | | Tampa | A+ | Moderating | 6% - 8% | 6,0 ...

Camden Property Trust (NYSE:CPT) Q3 2022 Earnings Conference Call October 28, 2022 11:00 AM ET Company Participants Kim Callahan - Senior Vice President, Investor Relations Ric Campo - Chairman & Chief Executive Officer Keith Oden - Executive Vice Chairman & President Alex Jessett - Chief Financial Officer Conference Call Participants Jeff Spector - Bank of America Nicholas Joseph - Citi Austin Wurschmidt - KeyBanc Capital Markets Neil Malkin - Capital One Securities Rich Anderson - SMBC Alexander Goldfarb ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission file number: 1-12110 CAMDEN PROPERTY TRUST (Exact Name of Registrant as Specified in Its Ch ...

Camden Property Trust (NYSE:CPT) Q2 2022 Earnings Conference Call July 29, 2022 11:00 AM ET Company Participants Kim Callahan - Senior Vice President, Investor Relations Ric Campo - Chairman and CEO Keith Oden - Executive Vice Chairman and President Alex Jessett - Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Nicholas Joseph - Citi Derek Johnston - Deutsche Bank Neil Malkin - Capital One John Kim - BMO Rich Anderson - SMBC Alexander Goldfarb - Piper Sandler Joshua Dennerle ...