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CAMDEN PROPERTY TRUST ANNOUNCES THIRD QUARTER 2026 OPERATING RESULTS

Houston, Texas (November 5, 2026) - Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and nine months ended September 30, 2026. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three and nine months ended September 30, 2026 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the financial tables accompanying this press release.

Three Months Ended September 30, Nine Months Ended September 30,

Per Diluted Share2026202520262025

EPS(1)

$8.71$1.00$9.26$2.10

FFO$1.70$1.67$4.52$5.04

Core FFO$1.71$1.70$5.10$5.12

Core AFFO$1.42$1.43$4.37$4.44

Three Months Ended3Q26 Guidance3Q26 Guidance

Per Diluted ShareSeptember 30, 2026MidpointVariance

EPS(1)

$8.71$9.26($0.55)

FFO$1.70$1.64$0.06

Core FFO$1.71$1.69$0.02

(1) For the three months ended September 30, 2026, EPS included approximately $9.37 per share of gain on sale of the California portfolio, partially offset by $0.83 per share of impairments associated with land development activities. For the three months ended September 30, 2025, EPS included approximately $0.78 per share of gain on sale of operating properties.

Quarterly GrowthSequential GrowthYear-To-Date Growth

Same Property Results3Q26 vs. 3Q253Q26 vs. 2Q262026 vs. 2025

Revenues(0.1)%0.0%0.0%

Expenses(0.1)%(1.0)%1.2%

Net Operating Income ("NOI")(0.2)%0.6%(0.7)%

Operating Statistics - Same Property Portfolio

New Lease and Renewal Data - Date Effective (1)

3Q263Q252Q26

Effective New Lease Rates(2.0)%(2.6)%(3.3)%

Effective Renewal Rates3.6%3.5%2.8%

Effective Blended Lease Rates1.0%0.6%(0.2)%

Occupancy95.6%95.5%95.7%

(1) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.

For 2026, the Company defines same property communities as communities wholly-owned and stabilized since January 1, 2025, excluding communities under redevelopment and properties held for sale. A reconciliation of net income to NOI and same property NOI is included in the financial tables accompanying this press release.

Development Activity

During the quarter, construction commenced at Camden RTP in the Raleigh, NC metro area. Additionally, leasing continued at Camden Village District in Raleigh, NC and Camden South Charlotte in Charlotte, NC, and leasing began at Camden Blakeney in Charlotte, NC.

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Development Communities - Construction Completed and Project in Lease-Up ($ in millions)

TotalTotal% Leased

Community NameLocationHomesCostas of 10/31/2026

Camden Village DistrictRaleigh, NC369 $139.688%

Development Communities - Construction Ongoing ($ in millions)

TotalTotal% Leased

Community NameLocationHomesEstimated Costas of 10/31/2026

Camden South CharlotteCharlotte, NC420 $155.024%

Camden BlakeneyCharlotte, NC349 149.08%

Camden NationsNashville, TN393 184.0

Camden RTPMorrisville, NC398130.0

Total1,560$618.0

Acquisition and Disposition Activity

During the quarter, the Company acquired Camden Brandon, a 296-apartment home community located in Tampa, FL, Camden LoSo, a 343-apartment home community located in Charlotte, NC, and Camden Gulch, a 300-apartment home community located in Nashville, TN for a combined $305.2 million. The Company also acquired a land parcel in Tampa, FL for approximately $18.3 million.

On July 29, 2026, Camden sold its California portfolio, consisting of 11 operating communities with 3,620 apartment homes, for an aggregate sales price of approximately $1.6 billion and recognized a gain of approximately $1.0 billion. Approximately $0.9 billion of the proceeds was used to retire balances outstanding under the Company's unsecured revolving credit facility and commercial paper program.

Subsequent to quarter end, Camden sold 2.6 acres of land in Los Angeles, CA for approximately $10.7 million.

Share Repurchases

During the quarter, Camden repurchased 474,660 common shares at an average price of $105.34 per share for a total of $50.0 million. Year to date, Camden repurchased 4,536,826 common shares at an average price of $104.22 per share for a total of $472.8 million. The Company currently has $247.9 million remaining under its stock repurchase program.

Liquidity Analysis

As of September 30, 2026, Camden had approximately $1.8 billion of liquidity comprised of approximately $0.6 billion in cash and cash equivalents and 1031 related accounts, and approximately $1.2 billion of availability under its unsecured credit facility and commercial paper program. At quarter end, the Company had approximately $209.3 million left to fund under its existing wholly-owned development pipeline.

Capital Markets

During the quarter, the Company issued a $350 million unsecured term loan facility with

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CAMDEN PROPERTY TRUST ANNOUNCES SECOND QUARTER 2026 OPERATING RESULTS

Houston, Texas (July 30, 2026) - Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and six months ended June 30, 2026. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three and six months ended June 30, 2026 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the financial tables accompanying this press release.

Three Months Ended June 30,Six Months Ended June 30,

Per Diluted Share2026202520262025

EPS$0.18$0.74$0.59$1.10

FFO$1.68$1.67$2.82$3.37

Core FFO$1.68$1.70$3.39$3.42

Core AFFO$1.39$1.43$2.95$3.01

Three Months Ended2Q26 Guidance2Q26 Guidance

Per Diluted ShareJune 30, 2026MidpointVariance

EPS$0.18$0.15$0.03

FFO$1.68$1.65$0.03

Core FFO$1.68$1.67$0.01

Sale of California Portfolio

As of June 30, 2026, Camden's California portfolio, consisting of 11 operating communities with 3,620 apartment homes, was classified as held for sale and is therefore excluded from the same property results presented below. On July 29, 2026, the Company sold these California communities for an aggregate sales price of approximately $1.625 billion. Approximately $0.9 billion of the proceeds will be used to retire balances outstanding under the Company's unsecured revolving credit facility and commercial paper program.

Same Property Results Quarterly Growth(1)

Sequential Growth(2)

Year-To-Date Growth(3)

(Excluding CA)2Q26 vs. 2Q252Q26 vs. 1Q262026 vs. 2025

Revenues(0.1)%0.7%0.0%

Expenses2.4%4.3%2.0%

Net Operating Income ("NOI")(1.4)%(1.3)%(1.1)%

(1) Quarterly growth for revenues, expenses, and NOI including California were 0.2%, 2.7%, and (1.3)%, respectively.

(2) Sequential growth for revenues, expenses, and NOI including California were 0.7%, 4.3%, and (1.2)%, respectively.

(3) Year-to-date growth for revenues, expenses, and NOI including California were 0.2%, 2.3%, and (1.0)%, respectively.

Operating Statistics - Same Property Portfolio (Excluding CA)

New Lease and Renewal Data - Date Effective (1)

2Q26(2)

2Q25(3)

1Q26(4)

Effective New Lease Rates(3.3)%(2.1)%(5.5)%

Effective Renewal Rates2.8%3.7%2.9%

Effective Blended Lease Rates(0.2)%0.7%(1.6)%

Occupancy(5) 95.7%95.6%95.1%

(1) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.

(2) 2Q26 new lease, renewal, and blended growth rate including California were (3.1)%, 2.8%, and (0.1)%, respectively.

(3) 2Q25 new lease, renewal, and blended growth rate including California were (2.0)%, 3.8%, and 0.7%, respectively.

(4)1Q26 new lease, renewal, and blended growth rate including California were (5.2)%, 2.9%, and (1.4)%, respectively.

(5) Occupancy rates including California were unchanged for all periods presented above.

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For 2026, the Company defines same property communities as communities wholly-owned and stabilized since January 1, 2025, excluding communities under redevelopment and properties held for sale. A reconciliation of net income to NOI and same property NOI is included in the financial tables accompanying this press release.

Development Activity

During the quarter, leasing continued at Camden Village District in Raleigh, NC and we began leasing at Camden South Charlotte in Charlotte, NC.

Development Communities - Construction Completed and Project in Lease-Up ($ in millions)

TotalTotal% Leased

Community NameLocationHomesCostas of 7/29/2026

Camden Village DistrictRaleigh, NC369 $139.488%

Development Communities - Construction Ongoing ($ in millions)

TotalTotal% Leased

Community NameLocationHomesEstimated Costas of 7/29/2026

Camden South CharlotteCharlotte, NC420 $157.013%

Camden BlakeneyCharlotte, NC349 151.0

Camden NationsNashville, TN393 184.0

Total1,162$492.0

Acquisition Activity

During the quarter, the Company acquired five apartment home communities and two land parcels. Subsequent to quarter end, Camden acquired two apartment home communities. The tables below show the recent acquisition activity:

Community NameLocationTotal HomesClosing DatePurchase Price

Camden AlpharettaAlpharetta, GA 269 4/30/2026$89.0

Camden Narcoossee*Orlando, FL 288 4/30/202682.3

Camden FranklinFranklin, TN1966/16/202654.3

Camden RoanokeRoanoke, TX3496/23/202699.1

Camden GilbertGilbert, AZ3206/30/2026124.6

Camden BrandonTampa, FL2967/9/202682.1

Camden LoSoCharlotte, NC3437/16/2026114.0

Total2,061 $645.4

*Formerly known as Camden at Lake Nona

Land ParcelsAcresClosing DatePurchase Price

Morrisville, NC17.95/25/2026$19.0

Tampa, FL64.45/27/202626.0

Total82.3$45.0

Share Repurchases

During the quarter, Camden repurchased 1,429,136 common shares at an average price of $100.78 per share for a total of $144.1 million. Year to date,

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CAMDEN PROPERTY TRUST ANNOUNCES FIRST QUARTER 2026 OPERATING RESULTS

Houston, Texas (April 30, 2026) - Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three months ended March 31, 2026. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three months ended March 31, 2026 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the financial tables accompanying this press release.

Three Months Ended March 31,

Per Diluted Share20262025

EPS$0.40$0.36

FFO$1.15$1.70

Core FFO$1.70$1.72

Core AFFO$1.55$1.58

Three Months Ended1Q26 Guidance1Q26 Guidance

Per Diluted ShareMarch 31, 2026MidpointVariance

EPS(1)

$0.40$0.24$0.16

FFO(1)

$1.15$1.63($0.48)

Core FFO$1.70$1.66$0.04

(1) The Company's EPS and FFO included approximately $0.48 per diluted share primarily due to litigation-related charges and EPS included approximately $0.64 per diluted share mainly due to the gain on sale of an operating property.

Quarterly GrowthSequential Growth

Same Property Results1Q26 vs. 1Q251Q26 vs. 4Q25

Revenues0.2%0.1%

Expenses1.9%2.1%

Net Operating Income ("NOI")(0.7)%(1.0)%

Same Property Results1Q261Q254Q25

Occupancy95.1%95.4%95.2%

For 2026, the Company defines same property communities as communities wholly-owned and stabilized since January 1, 2025, excluding communities under redevelopment and properties held for sale. A reconciliation of net income to NOI and same property NOI is included in the financial tables accompanying this press release.

Operating Statistics - Same Property Portfolio

New Lease and Renewal Data - Date Effective (1)

1Q261Q254Q25

Effective New Lease Rates(5.2)%(3.1)%(5.3)%

Effective Renewal Rates2.9%3.3%2.8%

Effective Blended Lease Rates(1.4)%(0.1)%(1.6)%

(1) Average change in same property new lease and renewal rates vs. expiring lease rates when effective.

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Development Activity

During the quarter, leasing continued at Camden Village District in Raleigh, NC.

Development Communities - Construction Completed and Project in Lease-Up ($ in millions)

TotalTotal% Leased

Community NameLocationHomesCostas of 4/29/2026

Camden Village DistrictRaleigh, NC369 $139.472%

Development Communities - Construction Ongoing ($ in millions)

TotalTotal% Leased

Community NameLocationHomesEstimated Costas of 4/29/2026

Camden South CharlotteCharlotte, NC420 $157.02%

Camden BlakeneyCharlotte, NC349 151.0

Camden NationsNashville, TN393 184.0

Total1,162$492.0

Acquisition and Disposition Activity

During the quarter, the Company began marketing for sale 11 operating communities in California. Also during the quarter, the Company disposed of a 516-apartment home community in Irving, TX for approximately $77.0 million and recognized a gain of approximately $67.9 million. Subsequent to quarter end, the Company acquired Camden Alpharetta, a 269-apartment home community located in the Atlanta, GA metropolitan area and Camden at Lake Nona, a 288-apartment home community located in the Orlando, FL metropolitan area for a combined $171.3 million.

Capital Markets Transactions

During the quarter, the Company issued $600 million of senior unsecured notes due 2036. These ten-year notes were issued at 99.936% of par value with a coupon of 4.90%, a yield of 4.908%, and an effective interest rate of 5.03% per annum after giving effect to deducting the underwriting discounts and other expenses of the offering. Also during the quarter, the Company amended and restated its existing unsecured credit facility to remove a $300 million delayed draw unsecured term loan facility and extended the maturity date of the $1.2 billion unsecured revolving credit facility to March 2030.

Share Repurchases

During the quarter, Camden repurchased 2,633,030 common shares at an average price of $105.88 per share for a total of $278.8 million. Subsequent to quarter end, Camden repurchased 1,429,136 common shares at an average price of $100.78 for a total of $144.1 million. Year to date, Camden repurchased 4,062,166 common shares at an average price of $104.08 for a total of $422.9 million. The Company currently has $297.8 million remaining under its stock repurchase program.

Liquidity Analysis

As of March 31, 2026, Camden had approximately $881.9 million of liquidity comprised of approximately $40.7 million in cash and cash equivalents, and approximately $841.2 million of availability under its unsecured credit facility and commercial paper program. At quarter end, the Company had approximately $176.6 million left to fund under its existing wholly-owned development pipeline.

Litigation Update

Subsequent to quarter end, the Company entered into a binding term sheet to settle the class action litigation related to the use of a revenue management software and agr