Common shares, par value, per share

[Table of Contents](#ie7fd49285ee64ca9b19be8c003cdb9a8_7)PART I. FINANCIAL INFORMATIONItem 1. Financial StatementsCAMDEN PROPERTY TRUSTCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) 

|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
| (in thousands, except per share amounts) | September 30,2022 |  | December 31, 2021 |
| Assets |  |  |  |
| Real estate assets, at cost |  |  |  |
| Land | $ | 1,706,396  |  |  | $ | 1,349,594  |  |
| Buildings and improvements | 10,574,820  |  |  | 8,624,734  |  |
|  | $ | 12,281,216  |  |  | $ | 9,974,328  |  |
| Accumulated depreciation | (3,709,487) |  |  | (3,358,027) |  |
| Net operating real estate assets | $ | 8,571,729  |  |  | $ | 6,616,301  |  |
| Properties under development, including land | 529,076  |  |  | 474,739  |  |
| Investments in joint ventures | —  |  |  | 13,730  |  |
|  |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Total real estate assets | $ | 9,100,805  |  |  | $ | 7,104,770  |  |
| Accounts receivable – affiliates | 13,258  |  |  | 18,664  |  |
| Other assets, net | 231,645  |  |  | 234,370  |  |
|  |  |  |  |
| Cash and cash equivalents | 62,027  |  |  | 613,391  |  |
| Restricted cash | 6,390  |  |  | 5,589  |  |
| Total assets | $ | 9,414,125  |  |  | $ | 7,976,784  |  |
| Liabilities and equity |  |  |  |
| Liabilities |  |  |  |
| Note Payable |  |  |  |
|        Unsecured | $ | 3,173,198  |  |  | $ | 3,170,367  |  |
| Secured | 514,843  |  |  | —  |  |
| Accounts payable and accrued expenses | 212,558  |  |  | 191,651  |  |
| Accrued real estate taxes | 125,210  |  |  | 66,673  |  |
| Distributions payable | 103,620  |  |  | 88,786  |  |
| Other liabilities | 176,334  |  |  | 193,052  |  |
| Total liabilities | $ | 4,305,763  |  |  | $ | 3,710,529  |  |
| Commitments and contingencies (Note 11) |  |  |  |
|  |  |  |  |
| Equity |  |  |  |
| Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 117,727 and 114,668 issued; 115,627 and 112,578 outstanding at September 30, 2022 and December 31, 2021, respectively | 1,156  |  |  | 1,126  |  |
| Additional paid-in capital | 5,893,623  |  |  | 5,363,530  |  |
| Distributions in excess of net income attributable to common shareholders | (525,127) |  |  | (829,453) |  |
| Treasury shares, at cost (9,099 and 9,236 common shares at September 30, 2022 and December 31, 2021, respectively) | (329,027) |  |  | (333,974) |  |
| Accumulated other comprehensive loss | (2,632) |  |  | (3,739) |  |
| Total common equity | $ | 5,037,993  |  |  | $ | 4,197,490  |  |
| Non-controlling interests | 70,369  |  |  | 68,765  |  |
| Total equity | $ | 5,108,362  |  |  | $ | 4,266,255  |  |
| Total liabilities and equity | $ | 9,414,125  |  |  | $ | 7,976,784  |  |

See Notes to Condensed Consolidated Financial Statements (Unaudited).1
