Camden Property Trust announced that D. Keith Oden retired as Executive Vice Chairman of the Board of Trust Managers effective August 31, 2026. Mr. Oden will remain a member of the Board of Trust Managers. The company entered into a Separation and Release Agreement with Mr. Oden, terminating his employment agreement. He will receive payments representing the anticipated value of amounts he would have been eligible to receive in February 2027 had he remained employed through that date. These payments are credited to a cash deferral account under the Company’s Non-Qualified Deferred Compensation Plan. Camden Property Trust operates in the real estate investment trust (REIT) industry, specializing in the ownership and management of multifamily apartment communities.

D. Keith Oden has notified Camden Property Trust of his retirement as Executive Vice Chairman effective August 31, 2026, while continuing to serve on the Board of Trust Managers. This executive departure is material information for investors assessing leadership continuity and governance risk. The company operates in the real estate investment trust (REIT) sector, specifically owning, operating, and managing multifamily apartment communities.

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.