What is a REIT (Real Estate Investment Trust)?

A REIT is a company dedicated to owning and operating income producing real estate such as apartments, shopping centers, offices and warehouses. Some REITs are also engaged in financing real estate. Most importantly, to be a REIT a company is legally required to pay virtually all of its taxable income (currently 90%) to its shareholders every year.

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What is the benefit of investing in a REIT?

Real Estate Investment Trusts ("REITs") allow passive shareholders to invest in real estate. Shareholders are permitted to enjoy much of the benefits associated with direct real estate investments while also benefiting from the limited liability and extreme liquidity of public stock. The high liquidity associated with ownership of REIT shares eliminates one of the most serious objections to real estate investments. Shareholders benefit from the REITs' investments in real estate equities in much the same way as they would from taking a position directly in real estate assets. That is, they receive the annual cash flows, equity growth from the retirement of mortgage debt, as well as potential growth in property value. In addition, REITs are also a reliable and predictable generator of cash dividends. This is because REITs are required to distribute the majority of their income each year. Therefore, REITs are particularly attractive to investors who want substantial cash flows as well as the inflation hedging attributes of real estate assets that have the potential for appreciation.

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What is FFO (Funds From Operations)?

The National Association of Real Estate Investment Trusts (“NAREIT”) currently defines FFO as net income (computed in accordance with accounting principles generally accepted in the United States of America ("GAAP")), excluding depreciation and amortization related to real estate, gains (or losses) from the sale of certain real estate assets (depreciable real estate), impairments of certain real estate assets (depreciable real estate), gains or losses from change in control, and adjustments for unconsolidated joint ventures to reflect FFO on the same basis.

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When did Camden become a public company?

Camden Property Trust's Initial Public Offering occurred on July 22, 1993.

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What class of properties does Camden own and operate?

Camden owns and operates both class "A" and "B" apartment homes with a product mix of approximately 35% designated as class "A" and 65% designated as class "B".

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How many properties does Camden own and manage, and where are they located?

Camden Property Trust owns interests in and operated 169 properties containing 57,611 apartment homes across the United States.

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Who is your transfer agent?

Camden's Transfer Agent is American Stock Transfer and Trust Company. They can be contacted at (800) 937-5449.

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How many common shares are outstanding?

As of 6/30/21, there were 104,344,000 common and common equivalent share outstanding. This number includes 102,667,000 common shares (including 86,000 common share equivalents related to share awards) and 1,677,000 common share equivalents upon the assumed conversion of non-controlling units.

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Is there a way that I can reinvest my dividends?

Camden offers its shareholders the opportunity to purchase additional shares of common stock through the Dividend Reinvestment Plan. For a copy of the Plan prospectus, please contact American Stock Transfer and Trust Company at (800) 937-5449.

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What portion of the dividend is considered non-taxable return on capital?

The tax characteristics of Camden's distribution vary year-to-year. To find the current year's characteristics, please refer to the Stock Information section of this site under Tax Information.

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How do I change my address on my stock certificate, or transfer my stock to another person?

Contact American Stock Transfer and Trust Company at (800) 937-5449 for assistance.

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