Camden Property Trust Files Form 8-K Regarding Settlement of Antitrust Litigation

Camden Property Trust (the Company) has entered into a binding term sheet to settle a class action lawsuit alleging collusion with RealPage, Inc. to inflate rents. The settlement, subject to court approval, requires the Company to pay $53 million in two installments. This amount covers claims, legal fees, and administrative costs. The Company anticipates seeking preliminary court approval by May 15, 2026. The settlement includes prospective commitments regarding business practices, which are not expected to materially alter current operations. The Company believes this settlement will mitigate litigation costs and reduce legal uncertainty, though it does not admit fault or liability. The settlement payments are not expected to impact the Company's 2026 core FFO or AFFO, nor materially affect its credit rating, liquidity, leverage ratios, or debt covenant headroom. The Company does not anticipate changes to its capital allocation framework or dividend policy due to this settlement and does not believe insurance coverage is applicable. The Company will continue to defend itself in other pending litigation not covered by this agreement.