Camden Property Trust (CPT) Investor presentation summary

Strategic positioning and market focus

• Operates in high-growth U.S. markets, with 95% of NOI from top migration and employment centers.

• Portfolio diversified across 13 markets, primarily urban and suburban, with a mix of Class A and B assets.

• Sunbelt markets benefit from strong in-migration, offsetting outflows from coastal regions.

• Resident base is high quality, with a median age of 32 and average annual household income of $118K for new move-ins.

• Retention rates and customer sentiment scores exceed long-term targets.

Financial strength and performance

• Maintains low leverage, $1.8B in liquidity, and a $17B unencumbered asset pool.

• 79% of debt is fixed rate, with a 4.1% average interest rate and 5.1 years average maturity.

• Long-term average annual revenue and NOI growth of 3.2% and 3.4%, respectively.

• Cumulative FFO per share growth of 237% and dividend growth of 138% since 1994.

• 30-year average annual total shareholder return of 10.7%, outperforming major indices.

Capital allocation and value creation

• Over $5.9B in dispositions and $3.9B in acquisitions since 2011, improving portfolio quality.

• $4.4B invested in developments and $0.7B in share repurchases, with developments creating $1.1B in value.

• Active reposition, redevelopment, and repurpose programs enhance asset value and cash flow.