CPT Camden Property Trust

Camden Property Trust (NYSE:CPT) announced today the income tax characteristics of its 2011 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 Form 1099s to their account holders. The final classifications of the distributions for 2011 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

 

RecordDate

   

 

PaymentDate

   

CashDistributionPer Share

   

OrdinaryTaxableDividend (1)

   

Capital GainDistribution

   

UnrecapturedSec. 1250Capital Gain25% Rate

   

 

Return ofCapital

03/31/11     04/18/11     $0.4900     55.3758%     6.3995%     11.7725%     26.4522% 06/30/11     07/18/11     $0.4900     55.3758%     6.3995%     11.7725%     26.4522% 09/30/11     10/17/11     $0.4900     55.3758%     6.3995%     11.7725%     26.4522% 12/19/11     01/17/12     $0.4900     55.3758%     6.3995%     11.7725%     26.4522%

(1) None of the dividends classified as ordinary taxable dividends represents “qualified dividend income” and, therefore, are not eligible for the lower tax rate.

Based on the above percentages, the following represents a 1099-DIV for one share of common stock:

Form 1099-DIV     (Boxes 1a + 2a + 3)     Box 1a     Box 2a     Box 2b     Box 3        

CashDistributionPer Share

   

OrdinaryTaxableDividend (1)

   

TotalCapital GainDistributions

   

UnrecapturedSec. 1250 Gain(2)

   

NondividendDistributions(3)

Total     $1.9600    

$1.0854

   

$0.3562

   

$0.2307

    $0.5184

(2) Amounts in Box 2b are included in Box 2a.

(3) Amounts in Box 3 are also known as Return of Capital.

For corporate shareholders the Section 291(a) preference item is 2.3545% of the total distribution.

Also, the company did not incur any foreign taxes during 2011.

In accordance with IRS Code Section 6045B, the company has posted Form 8937, Report of Organizational Actions Affecting Basis of Securities, which may be found at http://www.snl.com/IRWebLinkX/file.aspx?FID=1500038804&IID=103094. This form provides detailed information on the return of capital portion of the common share distributions.

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.

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 195 properties containing 66,640 apartment homes across the United States. Upon completion of ten properties under development, the Company’s portfolio will increase to 69,437 apartment homes in 205 properties.

For additional information, please contact Camden's Investor Relations Department at (800) 922-6336 or (713) 354-2787 or access our website at camdenliving.com.