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  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Camden Property Trust Announces Tax Characteristics of 2024 Distributions

Camden Property Trust (NYSE: CPT) announced today the income tax characteristics of its 2024 distributions paid to shareholders as they will be reported on Form 1099-DIV. The Company is releasing information at this time to aid banks, brokerage firms, and institutional investors that are required to issue Forms 1099 to their account holders. The final classifications of the distributions for 2024 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

Record

Date

Payment

Date

Total

Distribution

Per Share(1)

Ordinary

Taxable

Dividends

Qualified

Dividends(2)

Long Term

Capital Gain

Sec. 1250

Gain 25%

Rate(3)

Section

897(h)

Gain(3)

Section

199A

Dividends(2)

3/29/24

4/17/24

$1.030000

$0.822523

$0.010901

$0.207477

$0.075189

$0.179177

$0.811622

6/28/24

7/17/24

$1.030000

$0.822523

$0.010901

$0.207477

$0.075189

$0.179177

$0.811622

9/30/24

10/17/24

$1.030000

$0.822523

$0.010901

$0.207477

$0.075189

$0.179177

$0.811622

12/18/24

1/17/25

$1.030000

$0.822523

$0.010901

$0.207477

$0.075189

$0.179177

$0.811622

(1)

The distribution paid on January 17, 2025 is considered a 2024 distribution for US federal income tax purposes and is subject to taxation based on the Company’s 2024 earnings and profits.

 

 

(2)

These amounts are a subset of, and included in, the 2024 Ordinary Taxable Dividends amount.

 

 

(3)

These amounts are a subset of, and included in, the 2024 Long Term Capital Gain amount.

The tax treatment of these dividends by state and local authorities may vary from the federal treatment. Because federal and state tax laws affect taxpayers differently, the Company cannot advise shareholders how dividends should be reported on their tax returns. The Company encourages shareholders to consult their own tax advisors for the income tax consequences of the dividend payments outlined above.

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 Securities and Exchange Commission (SEC). Forward-looking statements made in today’s press release represent management’s current opinions at the time of this publication, and the Company assumes no obligation to update or supplement these statements because of subsequent events.

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 174 properties containing 58,858 apartment homes across the United States. Upon completion of 3 properties currently under development, the Company’s portfolio will increase to 59,996 apartment homes in 177 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 17 consecutive years, most recently ranking #24.

For additional information, please contact Camden’s Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.

Contacts

Kim Callahan, 713-354-2549

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