Camden Property Trust Shareholders Getting Marginal Return on Holdings

HOUSTON-Camden Property Trust is issuing a marginal return to its shareholders for the fourth quarter. The same dividend - less than a $0.6 - is going to holders of its Series A cumulative convertible preferred shares.

HOUSTON-Shareholders of Camden Property Trust got a little good news yesterday. The Camden Board of Trust Managers is declaring a dividend of $0.5625 per share to holders of record as of Dec.18, with payment scheduled for Jan.17, 2001.

The same per-share dividend has been declared for its Series A cumulative convertible preferred shares. The preferred dividend is payable Feb.15, 2001 to all Series A preferred shareholders of record as of Dec. 18.

Camden is a publicly traded real estate firm, which owns, develops, acquires, manages and disposes of multifamily apartment communities. To date, it owns interests in and operates 145 properties containing 51,336 apartment homes in the Sunbelt and Midwestern markets from Florida to California. Another 1,000 units are under construction in two developments.

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