CPT · Camden Property Trust

On April 28, 2026, Camden Property Trust entered into five separate distribution agency agreements with Deutsche Bank Securities Inc., BMO Capital Markets Corp., Regions Securities LLC, Scotia Capital (USA) Inc., and Truist Securities, Inc. to renew its at-the-market (ATM) sales program, which was set to expire on May 12, 2026. The agreements authorize the offer and sale of common shares of beneficial interest with an aggregate offering price of up to $500 million. The company may sell shares directly to or through the managers as sales agents or principals, and may also enter into forward sale agreements with forward purchasers (affiliates of the managers) to hedge equity issuance. Under forward sales, the forward purchaser borrows and sells shares, and the company expects to physically settle by issuing common shares, receiving net cash proceeds. The managers are entitled to compensation not exceeding 1.5% of gross sales price. The company has no obligation to sell any shares and may suspend sales at any time. Net proceeds will be used for general corporate purposes, including reducing borrowings under its $1.2 billion unsecured revolving credit facility, repayment of other indebtedness, or redemption of outstanding securities. The shares are issued under an existing shelf registration statement (Form S-3, No. 333-295385) and a prospectus supplement dated April 28, 2026. The agreements contain customary representations, warranties, indemnification, and termination provisions. This filing is significant as it provides the company with continued access to equity capital markets for up to $500 million, enhancing financial flexibility.