HOUSTON - Camden Property Trust (NYSE:CPT), a real estate investment trust currently valued at $12.8 billion and trading near its 52-week high of $127.69, announced the outcomes of its recent shareholder meeting in a regulatory filing today. According to InvestingPro data, the company maintains a "GOOD" overall financial health score of 2.56 out of 5. The meeting, which involved voting on various company matters, saw the election of ten Trust Managers, approval of executive compensation, and the ratification of the company’s independent accounting firm for the fiscal year 2025. Want deeper insights? InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis for Camden Property Trust, including detailed Fair Value assessments and comprehensive Pro Research Reports.
The election of the Trust Managers was conducted with a total of 95,370,706 common shares voted, out of which there were 4,426,248 broker non-votes. All nominated Trust Managers were elected for a one-year term with affirmative votes significantly outweighing negatives and abstentions. For instance, Richard J. Campo received 85,978,897 affirmative votes against 4,464,495 negative votes and 501,066 abstentions.
Shareholders also voted in favor of the executive compensation disclosed in the Proxy Statement, with 81,972,117 affirmative votes, 8,896,130 negative votes, and 76,211 abstentions, alongside 4,426,248 broker non-votes.
Furthermore, Deloitte & Touche LLP was ratified as the company’s independent registered public accounting firm for fiscal year 2025 with a strong affirmative response of 89,965,211 votes, compared to 5,369,952 negative votes and 35,543 abstentions.
Camden Property Trust, headquartered in Houston, Texas, is incorporated in the state of Texas and operates within the real estate sector, focusing on the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. The company has maintained dividend payments for 33 consecutive years, with a current dividend yield of 3.57% and revenue of $1.56 billion in the last twelve months. InvestingPro analysis reveals 8 additional key investment tips available to subscribers.
The information provided in this article is based on a press release statement from Camden Property Trust filed with the Securities and Exchange Commission.
In other recent news, Camden Property Trust reported its Q1 2025 earnings, surpassing expectations with an earnings per share (EPS) of $0.36, compared to the forecast of $0.34. The company also exceeded revenue projections, posting $390.57 million against the anticipated $389 million. Camden Property Trust has increased its full-year Core Funds From Operations (FFO) guidance from $6.75 to $6.78 per share, highlighting a positive outlook. Notably, the company is planning $750 million in acquisitions and dispositions, aiming for continued growth. Analysts have not reported any recent upgrades or downgrades, but the company’s strategic focus on high-growth markets remains a point of interest. Camden’s management has indicated that significant acquisitions and development projects are underway, further strengthening its market position. These developments reflect Camden Property Trust’s robust performance and strategic initiatives in the current market environment.
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