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Camden Property Trust Announces Tax Characteristics of 2012 Distributions

  Camden Property Trust Announces Tax Characteristics of 2012 Distributions

Business Wire

HOUSTON -- January 16, 2013

Camden Property Trust (NYSE:CPT) announced today the income tax
characteristics of its 2012 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 2012 are as follows:

Camden Property Trust – Common Shares (CUSIP – 133131102)

                                                                                  
                            Cash               Ordinary                              Unrecaptured       

Record      Payment     Distribution    Taxable         Capital Gain    Sec. 1250       Return
                                                                    Distribution       Capital Gain       of
Date           Date           Per Share          Dividend^(1)                                             Capital
                                                                                       25% Rate
03/30/12    04/17/12    $0.5600         43.0344%        28.3761%        28.5895%        0.0000%
06/29/12    07/17/12    $0.5600         43.0344%        28.3761%        28.5895%        0.0000%
09/28/12    10/17/12    $0.5600         43.0344%        28.3761%        28.5895%        0.0000%
12/17/12    01/17/13    $0.5600         43.0344%        28.3761%        28.5895%        0.0000%
                                                                                       

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

                                                                   
Form       (Boxes 1a +    Box 1a         Box 2a          Box 2b         Box 3
1099-DIV     2a + 3)
             Cash             Ordinary         Total             Unrecaptured
                                                                                  Nondividend
         Distribution   Taxable        Capital Gain    Sec. 1250      Distributions^(3)
                                                                 Gain^(2)
             Per Share        Dividend^(1)     Distributions
Total      $2.2400        $0.9640        $1.2760         $0.6404        $0.0000

     
       None of the dividends classified as ordinary taxable dividends
^(1)   represents “qualified dividend income” and, therefore, are not eligible
       for the lower tax rate.
^(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 5.7179% of
the total distribution.

Also, the company did not incur any foreign taxes during 2012.

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 193
properties containing 65,775 apartment homes across the United States. Upon
completion of nine properties under development, the Company’s portfolio will
increase to 68,620 apartment homes in 202 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.

Contact:

Camden Property Trust
Kim Callahan, 713-354-2549