Camden Property Trust today announced that the Company will participate in the 11th Annual Wachovia Global Real Estate Securities Conference being held in New York on December 5-6, 2007. The Company's Chairman and Chief Executive Officer, Richard J. Campo, will make a company presentation on Wednesday, December 5, 2007 at 9:40 a.m. Eastern Time. The listen-only event can be accessed live in the Investor Relations Section of Camden’s website at www.camdenliving.com. A replay of the webcast will also be available in the same location subsequent to the event.
The Company also updated progress made on its stock repurchase program. During November 2007, Camden repurchased 1.6 million common shares at an average price per share of $52.03, for a total of $81.9 million. Year-to-date, Camden has now repurchased 2.9 million common shares at an average price per share of $57.60, for a total of $168.4 million.
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 is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 180 properties containing 62,338 apartment homes across the United States. Upon completion of 12 properties under development, the Company’s portfolio will increase to 66,121 apartment homes in 192 properties.
Source: businesswire.com