Camden Property Trust Announces Participation in Nareit’s REITweek 2024 Investor Conference and Provides Second Quarter 2024 Operating Update
The Company also provided operating statistics for second quarter 2024 as detailed below.
Same Property Occupancy |
1Q24 |
|
|
Occupancy |
95.0% |
95.2% |
95.2% |
|
|
|
|
Same Property New Lease and Renewal Data – Date Signed(1) |
1Q24 |
|
|
New Lease Rates |
(4.1)% |
(1.8)% |
(1.8)% |
Renewal Rates |
3.4% |
3.4% |
3.9% |
Blended Rates |
(0.9)% |
0.6% |
1.0% |
|
|
|
|
Same Property New Lease and Renewal Data – Date Effective(2) |
1Q24 |
|
|
New Lease Rates |
(4.4)% |
(3.4)% |
(2.4)% |
Renewal Rates |
3.8% |
3.5% |
3.1% |
Blended Rates |
(1.1)% |
(0.2)% |
0.0% |
(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. |
*2Q24 data through 5/29/24. |
Camden’s complete investor presentation is available in the Investors section of the Company’s website at camdenliving.com.
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: https://www.businesswire.com/news/home/20240531819005/en/
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