Camden Property Trust Announces Participation in Citi’s 2024 Global Property CEO Conference and Provides First Quarter 2024 Operating Update

Camden Property Trust (NYSE:CPT) (the “Company”) announced today that the Company will participate in Citi’s 2024 Global Property CEO Conference. Camden’s roundtable discussion has been scheduled for Monday, March 4, 2024, at 10:15 AM Eastern Time. The event will be webcast live in a listen-only mode at camdenliving.com in the Investors section, and an audio archive will be available on the Company’s website shortly after the event concludes. A copy of Camden’s most recent investor presentation will also be available in the Investors section of the Company’s website.

In February 2024, the Company implemented a marketing initiative to boost occupancy ahead of its peak leasing season by adjusting new lease pricing at communities less than 95% occupied, with a particular emphasis on select units which have been vacant more than 30 days. “To date, our first quarter 2024 bad debt has improved as the number of units vacated by non-paying residents was higher than anticipated,” said Richard J. Campo, Camden’s Chairman and Chief Executive Officer. “Although a net positive, this increase in move-outs put downward pressure on occupancy and was a factor in our decision to shift leasing strategies. We believe that our new marketing initiative should position us well as we enter our prime leasing season.” The Company provided operating statistics relating to its first quarter leasing activity below.

Same Property Occupancy	4Q23	1Q24*		Jan 2024	Feb 2024
Occupancy	94.9%	94.9%		94.9%	94.9%
Bad Debt	1.1%	0.9%
Same Property New Lease and Renewal Data – Date Signed(1)	4Q23