News Details

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2008 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Form 1099s to their account holders. The final classifications of the distributions for 2008 are as follows:

Camden Property Trust - Common Shares (CUSIP - 133131102)

                      Cash           Ordinary             Total
Record     Payment                              Return                    Unrecaptured
                      Distribution   Taxable    of        Capital Gain    Sec. 1250
Date       Date                                                           Capital Gain
                      Per Share      Dividend   Capital   Distributions   25% Rate
                                     (1)

03/31/08   04/17/08   $0.7000        47.9164%   0.0000%   32.4242%        19.6594%

06/30/08   07/17/08   $0.7000        47.9164%   0.0000%   32.4242%        19.6594%

09/30/08   10/17/08   $0.7000        47.9164%   0.0000%   32.4242%        19.6594%

12/04/08   01/02/09   $0.7000        47.9164%   0.0000%   32.4242%        19.6594%

⁽¹⁾ None of the dividends classified as ordinary taxable dividends represents "qualified dividend income" and, therefore, are not eligible for the lower tax rate.

For corporate shareholders the Section 291(a) preference item is 3.9316% of the total distribution.

In addition, the company did not incur any foreign taxes during 2008.

In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 179 properties containing 62,421 apartment homes across the United States. Upon completion of seven properties under development, the Company's portfolio will increase to 64,329 apartment homes in 186 properties. Camden was recently named to FORTUNE(R) Magazine's list of the "100 Best Companies to Work For."

For additional information, please contact Camden's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at camdenliving.com.

    Source: Camden Property Trust