Camden Property Trust (CPT) Investor presentation summary

Strategic positioning and growth

• Focuses on high-growth markets with strong employment, population, and migration trends, deriving over 90% of NOI from these areas.

• Maintains a diverse portfolio across 15 major U.S. markets, with 172 operating communities and nearly 59,000 apartment homes.

• Emphasizes capital recycling, value creation, and operational excellence through innovation and technology.

• Strong balance sheet with low leverage, ample liquidity, and high credit ratings.

• Consistent earnings and dividend growth, with a 2026 annualized dividend rate increase to $4.24 per share.

2026 financial guidance and recent activity

• 2026 Core FFO guidance set at $6.60–$6.90 per share, with EPS guidance of $0.40–$0.70 per share.

• Announced disposition of Southern California portfolio (11 communities, 3,620 homes) with expected proceeds of ~$1.75B.

• Plans to allocate $1.1B for acquisitions and $650M for share repurchases from disposition proceeds.

• Repurchased 1.85M shares in 2026 for $203M at an average price of $109.37 per share.

• Issued $600M of 10-year senior unsecured notes at a 4.9% coupon.

Portfolio and operational performance

• Average occupancy remains strong at 95%, with average monthly rent at $2,008 and revenue per occupied home at $2,300.

• Portfolio mix: 62% Class B, 59% suburban, and 59% low-rise properties.

• Recent acquisitions in Austin, Nashville, Tampa, and Orlando, totaling over 1,400 apartment homes.

• Active development pipeline with $631M in current projects and $491M in future developments.

• High resident retention and customer sentiment score of 92.3.