Camden Property Trust is one of the largest publicly-traded multifamily companies in the United States, with a total market capitalization of approximately $6 billion. Structured as a Real Estate Investment Trust (REIT), the company is engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden's workforce totals nearly 1,800 employees, and the company is headquartered in Houston, Texas.
The company is focused on: maintaining a high-quality, geographically diverse portfolio of apartment homes located in the highest growth markets across the United States; continually improving the quality of its portfolio through capital recycling, using asset sales to fund acquisitions, development and share repurchases; capitalizing on opportunities to expand its operating platform through joint ventures; adhering to conservative financial policies, which provides Camden with ample liquidity and financial flexibility; and striving to maintain a positive, dynamic work environment with a team that is truly committed to being the best.
As of March 31, 2008, the company operated 181 properties containing 62,918 apartment homes located in 13 states and the District Columbia. Upon completion of 11 properties under development, Camden's portfolio will increase to 66,301 apartment homes in 192 properties. The company also has several additional projects in its future development pipeline which may begin construction over the next several years.
Camden is traded on the New York Stock Exchange (NYSE) under the ticker symbol CPT and is included in the S&P Midcap 400 Index. The company has received numerous awards for workplace excellence and was recently named to FORTUNE® Magazine's list of the "100 Best Companies to Work For".
For additional information about Camden, please contact the company's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access the company's website at www.camdenliving.com.
