HOUSTON--(BUSINESS WIRE)--
Camden Property Trust (NYSE:CPT) announced today that it expects to
incur approximately $2.0 - $2.5 million in expenses during the third
quarter of 2017 as a result of Hurricane Irma. These projected expenses
relate to cleanup and repairs for landscaping, water intrusion and
roofing at the Company’s apartment communities located in Florida,
Atlanta and Charlotte. Camden will provide an update to its full-year
2017 earnings guidance in conjunction with its 3Q17 earnings release
scheduled for late October 2017.
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 (the "Company") 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.
Factors which may cause the Company’s actual results or performance to
differ materially from those contemplated by forward-looking statements
are described under the heading “Risk Factors” in Camden’s Annual Report
on Form 10-K and in other filings with the Securities and Exchange
Commission (SEC). Forward-looking statements made in today’s press
release represent management’s current opinions at the time of this
publication, and the Company assumes no obligation to update or
supplement these statements because of subsequent events.
Camden Property Trust, an S&P 400 Company, is a real estate company
engaged in the ownership, management, development, redevelopment,
acquisition, and construction of multifamily apartment communities.
Camden owns interests in and operates 155 properties containing 53,771
apartment homes across the United States. Upon completion of 6
properties under development, the Company’s portfolio will increase to
55,644 apartment homes in 161 properties. Camden was recently named by
FORTUNE® Magazine for the tenth consecutive year as one of the “100 Best
Companies to Work For” in America, ranking #22.
For additional information, please contact Camden’s Investor Relations
Department at (713) 354-2787 or access our website at camdenliving.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170918006314/en/
Camden Property Trust
Kim Callahan, 713-354-2549
Source: Camden Property Trust