Camden Property Trust (CPT)

Camden Property Trust operates as a real estate investment trust (REIT) in the United States. It engages in the ownership, development, construction, and management of middle- to upper-market multifamily communities. As of December 31, 2006, the company owned interests in, operated, or was developing 197 multifamily properties containing 67,631 apartment homes located in 13 states. Its properties principally consist of mid-rise buildings and two-and three-story buildings with various amenities, such as swimming pools and a clubhouse, whirlpool spas, tennis courts, and controlled-access gates. The company has elected to be treated as a REIT for federal income tax purposes and would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. Camden Property Trust was founded in 1993 and is based in Houston, Texas.

For the nine months ended 30 September 2006, Camden Property Trust's revenues rose 18% to $449.8M. Net income from continuing operations decreased 18% to $117.8M. Revenues reflect an increase in rental revenues and higher revenues from other property revenues. Net income was offset by increased property operating & maintenance expenses, higher real estate taxes and increased general & administrative expenses.