HOUSTON, June 12 /PRNewswire/ -- Camden Property Trust (NYSE: CPT)
announced that its Board of Trust Managers has declared a dividend in the
amount of $0.505 per common share for the second quarter of 1998. The
dividend is payable on July 17, 1998 to all common shareholders of record as
of June 30, 1998.
Additionally, the Board declared a dividend of $0.5625 per share of Camden
Series A Cumulative Convertible Preferred Shares. The preferred dividend is
payable August 17, 1998 to all Series A preferred shareholders of record as of
June 30, 1998.
Camden Property Trust is a fully integrated real estate investment trust
(REIT) engaged in the ownership, development, acquisition, marketing,
management, and disposition of multifamily apartment communities. Camden
Property Trust owns interests in and operates 147 properties containing
49,197 apartment homes in the Sunbelt and Midwestern markets from Florida to
California. Upon completion of thirteen properties under development, the
Company's portfolio will increase to 54,525 apartment homes in 160 properties.
For more information, please contact Richard J. Campo or D. Keith Oden at
800-9CAMDEN, or 713-964-3555.
SOURCE Camden Property Trust
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Related links: http://www.camdenprop.com
CONTACT: Richard J. Campo or D. Keith Oden, both of Camden Property Trust, 800-9CAMDEN, or 713-964-3555
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