{"id":761459,"date":"2023-06-02T17:57:06","date_gmt":"2023-06-02T21:57:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/camden-property-trust-announces-participation-in-nareits-reitweek-2023-investor-conference-and-provides-second-quarter-2023-operating-update\/"},"modified":"2023-06-02T17:57:06","modified_gmt":"2023-06-02T21:57:06","slug":"camden-property-trust-announces-participation-in-nareits-reitweek-2023-investor-conference-and-provides-second-quarter-2023-operating-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/camden-property-trust-announces-participation-in-nareits-reitweek-2023-investor-conference-and-provides-second-quarter-2023-operating-update\/","title":{"rendered":"Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update"},"content":{"rendered":"

<\/p>\n

Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nCamden Property Trust (NYSE: CPT) (the \u201cCompany\u201d) announced today that it will participate in Nareit\u2019s REITweek 2023 Investor Conference which is being held June 6-8, 2023.<\/p>\n

\nThe Company also provided operating statistics for second quarter 2023 as detailed below.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Same Property Occupancy<\/b><\/p>\n<\/td>\n

\n

1Q23<\/b><\/p>\n<\/td>\n

\n

April 2023<\/b><\/p>\n<\/td>\n

\n

May 2023<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nOccupancy<\/p>\n<\/td>\n

\n

\n95.3%<\/p>\n<\/td>\n

\n

\n95.4%<\/p>\n<\/td>\n

\n

\n95.5%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Same Property New Lease and Renewal Data \u2013 Date Signed(1)<\/sup><\/b><\/p>\n<\/td>\n

\n

1Q23<\/b><\/p>\n<\/td>\n

\n

April 2023<\/b><\/p>\n<\/td>\n

\n

May 2023<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nNew Lease Rates<\/p>\n<\/td>\n

\n

\n1.8%<\/p>\n<\/td>\n

\n

\n2.7%<\/p>\n<\/td>\n

\n

\n3.6%<\/p>\n<\/td>\n<\/tr>\n

\n

\nRenewal Rates<\/p>\n<\/td>\n

\n

\n6.7%<\/p>\n<\/td>\n

\n

\n6.0%<\/p>\n<\/td>\n

\n

\n6.0%<\/p>\n<\/td>\n<\/tr>\n

\n

\nBlended Rates<\/p>\n<\/td>\n

\n

\n4.0%<\/p>\n<\/td>\n

\n

\n4.2%<\/p>\n<\/td>\n

\n

\n4.8%<\/p>\n<\/td>\n<\/tr>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n

\n

\n\u00a0<\/p>\n<\/td>\n<\/tr>\n

\n

Same Property New Lease and Renewal Data \u2013 Date Effective(2)<\/sup><\/b><\/p>\n<\/td>\n

\n

1Q23<\/b><\/p>\n<\/td>\n

\n

April 2023<\/b><\/p>\n<\/td>\n

\n

May 2023<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\nNew Lease Rates<\/p>\n<\/td>\n

\n

\n1.7%<\/p>\n<\/td>\n

\n

\n1.6%<\/p>\n<\/td>\n

\n

\n3.4%<\/p>\n<\/td>\n<\/tr>\n

\n

\nRenewal Rates<\/p>\n<\/td>\n

\n

\n7.6%<\/p>\n<\/td>\n

\n

\n7.1%<\/p>\n<\/td>\n

\n

\n6.4%<\/p>\n<\/td>\n<\/tr>\n

\n

\nBlended Rates<\/p>\n<\/td>\n

\n

\n4.5%<\/p>\n<\/td>\n

\n

\n3.9%<\/p>\n<\/td>\n

\n

\n4.9%<\/p>\n<\/td>\n<\/tr>\n

\n\n\n\u00a0<\/td>\n<\/tr>\n
\n

\n(1) Average change in same property new lease and renewal rates vs. expiring lease rates when signed.<\/p>\n

\n(2) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nCamden\u2019s complete investor presentation is available in the Investors section of the Company\u2019s website at camdenliving.com<\/a>.<\/p>\n

\nCamden 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 and operates 172 properties containing 58,702 apartment homes across the United States. Upon completion of 6 properties currently under development, the Company\u2019s portfolio will increase to 60,652 apartment homes in 178 properties. Camden has been recognized as one of the 100 Best Companies to Work For\u00ae by FORTUNE magazine for 16 consecutive years, most recently ranking #33.<\/p>\n

\nFor additional information, please contact Camden\u2019s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230602005084\/en\/<\/a><\/span><\/p>\n

\nKim Callahan, 713-354-2549<\/p>\n

KEYWORDS:<\/b> United States North America Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Residential Building & Real Estate Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update HOUSTON–(BUSINESS WIRE)– Camden Property Trust (NYSE: CPT) (the \u201cCompany\u201d) announced today that it will participate in Nareit\u2019s REITweek 2023 Investor Conference which is being held June 6-8, 2023. The Company also provided operating statistics for second quarter 2023 as detailed below. Same Property Occupancy 1Q23 April 2023 May 2023 Occupancy 95.3% 95.4% 95.5% \u00a0 \u00a0 \u00a0 \u00a0 Same Property New Lease and Renewal Data \u2013 Date Signed(1) 1Q23 April 2023 May 2023 New Lease Rates 1.8% 2.7% 3.6% Renewal Rates 6.7% 6.0% 6.0% Blended Rates 4.0% 4.2% 4.8% \u00a0 \u00a0 \u00a0 \u00a0 Same Property New Lease and Renewal Data \u2013 Date Effective(2) … <\/p>\n

Continue reading “Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-761459","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCamden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/camden-property-trust-announces-participation-in-nareits-reitweek-2023-investor-conference-and-provides-second-quarter-2023-operating-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Camden Property Trust Announces Participation in Nareit\u2019s REITweek 2023 Investor Conference and Provides Second Quarter 2023 Operating Update HOUSTON–(BUSINESS WIRE)– Camden Property Trust (NYSE: CPT) (the \u201cCompany\u201d) announced today that it will participate in Nareit\u2019s REITweek 2023 Investor Conference which is being held June 6-8, 2023. The Company also provided operating statistics for second quarter 2023 as detailed below. 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The Company also provided operating statistics for second quarter 2023 as detailed below. 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