Camden Property Trust Announces 1999 First Quarter Dividends on Common and Preferred Shares; Also Announces Annual Shareholder Meeting

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Camden Property Trust Announces 1999 First Quarter Dividends on Common and Preferred Shares; Also Announces Annual Shareholder Meeting

    HOUSTON, March 8 /PRNewswire/ -- The Board of Trust Managers of Camden
Property Trust (NYSE: CPT) today declared a $0.52 per share dividend on its
Common Shares of Beneficial Interest for the first quarter of 1999 compared to
$0.505 in the same quarter of 1998, an increase of 3%.  On an annualized
basis, the dividend increased to $2.08 per share for 1999 as compared to
$2.02 per share in the prior year.  The dividend is payable on April 16, 1999
to shareholders of record as of March 31, 1999.
    The Board also declared a first quarter dividend of $0.5625 per share for
its Series A Cumulative Convertible Preferred Shares.  The preferred dividend
is payable on May 15, 1999 to all Series A preferred shareholders of record as
of March 31, 1999.
    In addition, Camden announced its Annual Meeting of Shareholders to be
held on May 13, 1999, at The Houstonian, 111 North Post Oak Lane, Houston,
Texas at 10:00 a.m., Central Time.  The Company intends to begin mailing its
Proxy Statement, Annual Report to Shareholders, voting materials and other
meeting information by March 31, 1999 to shareholders of record as of
March 16, 1999.
    Camden Property Trust is a real estate company engaged in the ownership,
development, acquisition, marketing, management, and disposition of
multifamily apartment communities.  Camden owns interests in and operates
149 properties containing 51,310 apartment homes in the Sunbelt and Midwestern
markets from Florida to California.  Upon completion of 14 properties under
development, the Company's portfolio will increase to 56,968 apartment homes
in 163 properties.
    For more information, please contact Richard J. Campo or D. Keith Oden at
1-800-9Camden, or 713-354-2500, or access the company's web site at
http://www.camdenprop.com.

SOURCE Camden Property Trust

http://www.camdenprop.com
CONTACT:
Richard J. Campo or D. Keith Oden, both of
Camden Property Trust, 1-800-9Camden, or 713-354-2500