CAMDEN PROPERTY TRUST 8K

Camden Property Trust announced second quarter 2026 results, completed a $1.625 billion sale of its California portfolio with proceeds used largely for debt reduction, updated earnings guidance, settled revenue-management litigation for $53 million, executed significant acquisitions, development, and share repurchases, and added new term loan financing.

On July 30, 2026, Camden Property Trust reported its operating results for the quarter and six months ended June 30, 2026, highlighted by diluted EPS of $0.18, FFO of $1.68 per share, and Core FFO of $1.68 per share, slightly above guidance, and announced that its 11-community, 3,620‑unit California portfolio had been classified as held for sale as of quarter-end and subsequently sold on July 29, 2026 for approximately $1.625 billion, with about $0.9 billion of proceeds earmarked to repay its unsecured revolving credit facility and commercial paper balances. The Company also detailed active development and lease-up at several multifamily projects, the acquisition of seven apartment communities totaling 2,061 homes for roughly $645.4 million and two land parcels for $45 million, and share repurchases of 1.43 million shares for $144.1 million during the quarter (4.06 million shares year-to-date for $422.9 million), leaving $297.9 million under its repurchase authorization. Camden further disclosed it entered into a binding term sheet to settle class action litigation related to revenue management software for $53 million, noted that this settlement will be treated as non-core and excluded from 2026 Core FFO and Core AFFO, updated full-year 2026 EPS/FFO/Core FFO and same‑property growth guidance to reflect the California sale and other factors, and added that subsequent to quarter end it obtained a new $350 million unsecured term loan maturing in July 2027, while scheduling an earnings conference call for July 31, 2026.

Filing Facts

CIK

906345

Ticker

-

Form

8K

Source Type

sec

Accession

0001628280-26-051083

Alert Tier

7