CAMDEN PROPERTY TRUST
Sector: Front Runners
Latest Quote @ Sun May 5 17:37:03 (15 min delayed)
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Camden Property Trust, a real estate investment trust (REIT), engages in the ownership, development, construction, and management of multifamily apartment communities in the United States. Its properties principally consist of two and three story buildings and provide residents with various amenities, such as swimming pools, whirlpool spas, tennis courts, and controlled-access gates. The company has operations in Nevada, California, Texas, North Carolina, Florida, Colorado, Missouri, Arizona, Georgia, District of Columbia, Virginia, Philadelphia, and Kentucky. As of June 23, 2005, it owned interests in and operated 191 properties comprising 65,992 apartment homes. Camden has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, the company would not be subject to federal income tax purposes, provided that it distributes atleast 90% of taxable income to its shareholders. Camden Property Trust was organized in 1993 and is headquartered in Houston, Texas.