Camden Property Trust reported diluted EPS of $0.18 and FFO of $1.68 per share for the second quarter ended June 30, 2026, missing consensus estimates by $0.03. The company sold its California portfolio of 11 communities (3,620 homes) on July 29, 2026, for approximately $1.625 billion, with roughly $0.9 billion in proceeds allocated to retiring debt under its revolving credit facility and commercial paper program. Same property NOI declined 1.4% year-over-year due to a 3.3% drop in new lease rates, partially offset by 2.8% renewal growth and 95.7% occupancy. Management updated full-year 2026 EPS guidance downward to $9.93 per share from $10.10, citing market conditions. Additionally, the company entered a binding term sheet to settle class action litigation regarding revenue management software for $53 million and issued a new $350 million unsecured term loan facility maturing in July 2027. Camden Property Trust is a real estate investment trust primarily engaged in the ownership, management, development, acquisition, and construction of multifamily apartment communities.

Michael P. Gallagher, Senior Vice President and Chief Accounting Officer, will retire from Camden Property Trust on July 2, 2026. Kevin J. Necas, Jr. has been appointed as the new Senior Vice President and Chief Accounting Officer and designated principal accounting officer, effective the same date. Mr. Necas joined the company in 2023 and previously held roles at CenterPoint Energy and Phillips 66. Camden Property Trust is a real estate investment trust that operates in the multifamily housing industry.

Camden Property Trust entered into new "at the market" agreements to replace its expiring program, enabling the sale of common shares for an aggregate amount of up to $500 million. The company intends to use the net proceeds for general corporate purposes, including the potential reduction of its $1.2 billion unsecured revolving credit facility.

Camden Property Trust issued a press release on April 30, 2026, announcing its consolidated financial results for the three months ended March 31, 2026. The filing includes supplemental financial information provided as exhibits to the report.

Camden Property Trust has entered into a binding term sheet to settle a class action antitrust lawsuit regarding alleged rent-fixing through RealPage software. The company will pay an aggregate of $53 million in two equal installments of $26.5 million to resolve the claims. Management expects the settlement to have no impact on the company's 2026 core funds from operations, dividend policy, or liquidity.