Camden Property Trust Announces Participation in Citi’s 2024 Global Property CEO Conference and Provides First Quarter 2024 Operating Update
In
Same Property Occupancy |
4Q23 |
1Q24* |
|
|
|
Occupancy |
94.9% |
94.9% |
|
94.9% |
94.9% |
Bad Debt |
1.1% |
0.9% |
|
|
|
|
|
|
|
|
|
Same Property New Lease and Renewal Data – Date Signed(1) |
4Q23 |
1Q24* |
|
|
|
New Lease Rates |
(4.1)% |
(4.6)% |
|
(3.8)% |
(5.2)% |
Renewal Rates |
3.9% |
3.5% |
|
3.8% |
3.2% |
Blended Rates |
(0.8)% |
(1.2)% |
|
(0.5)% |
(2.0)% |
|
|
|
|
|
|
Same Property New Lease and Renewal Date – Date Effective(2) |
4Q23 |
1Q24* |
|
|
|
New Lease Rates |
(3.6)% |
(4.2)% |
|
(3.7)% |
(4.8)% |
Renewal Rates |
4.4% |
3.9% |
|
4.2% |
3.7% |
Blended Rates |
(0.1)% |
(0.8)% |
|
(0.3)% |
(1.2)% |
*1Q24 data through |
|
(1) |
Average change in same property new lease and renewal rates vs. expiring lease rates when signed. |
(2) |
Average change in same property new lease and renewal rates vs. expiring lease rates when effective. |
In addition, during
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. 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
For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.
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