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EX - 99.1 2 exhibit991earningsreleaseq.htm EX - 99.1 CAMDEN . Living Excellence CAMDEN PROPERTY TRUST ANNOUNCES SECOND QUARTER 2021 OPERATING RESULTS Houston , Texas ( July 29 , 2021 ) - Camden Property Trust ( NYSE : CPT ) ( the " Company " ) announced today operating results for the three and six months ended June 30 , 2021. Net Income Attributable to Common Shareholders ( " EPS ” ) , Funds from Operations ( " FFO " ) , and Adjusted Funds from Operations ( " AFFO " ) for the three and six months ended June 30 , 2021 are detailed below . A reconciliation of EPS to FFO is included in the financial tables accompanying this press release . Three Months Ended Six Months Ended June 30 June 30 Per Diluted Share 2021 2020 2021 2020 EPS $ 0.30 $ 0.17 $ 0.61 $ 0.60 FFO $ 1.28 $ 1.09 $ 2.52 $ 2.44 AFFO $ 1.10 $ 0.91 $ 2.21 $ 2.11 Same Property Results Revenues Expenses Net Operating Income ( " NOI " ) Quarterly Growth 2Q21 vs. 2Q20 Sequential Growth Year - To - Date Growth 2Q21 vs. 1Q21 2021 vs. 2020 4.1 % 2.3 % 1.9 % 6.2 % 1.7 % 5.8 % 3.0 % 2.7 % ( 0.3 ) % Same Property Results Occupancy 2Q21 2Q20 1Q21 96.9 % 95.1 % 96.0 % For 2021 , the Company defines same property communities as communities owned and stabilized since January 1 , 2020 , excluding communities under redevelopment and properties held for sale . A reconciliation of net income to NOI and same property NOI is included in the financial tables accompanying this press release . July Collections Same Property Scheduled Rents * Collected Deferred / Payment Plan Arranged Delinquent July 2021 97.9 % ― % July 2020 2Q21 2Q20 98.7 % 98.7 % 97.3 % ― % ― % 1.1 % 2.1 % 1.3 % 1.3 % 1.6 % * Rent is recognized as earned . The Company evaluates collectability on an ongoing basis and any accounts considered uncollectable are recorded against property revenues .