CPT · 10-Q · 2026Q3 · Full report

Capital Expenditure Program

CAMDEN PROPERTY TRUST · 2026-11-06 · Importance 48 · Surprise 40 · No source text

Property development and capital improvements totaled $362.1 million in the nine months ended September 30, 2026, up from $310.4 million in the comparable 2025 period. The 2026 total included $190.2 million for new development, $85.4 million of capital expenditures, $63.4 million of reposition expenditures, and $23.1 million of direct real estate taxes, capitalized interest, and other indirect costs. As of September 30, 2026, the estimated cost to complete construction of four properties was $209.3 million, with $29 million to $35 million expected in the remainder of 2026 and the balance during 2027 and 2028. Camden also expected to spend $14 million to $18 million on repositioning and related work and $42 million to $46 million on recurring capital expenditures during the remainder of 2026.

Key facts

• Camden paid approximately $362.1 million for property development and capital improvements during the nine months ended September 30, 2026, compared with approximately $310.4 million in the same period in 2025. source
• For the remainder of 2026, Camden expected to incur approximately $14 million to $18 million of reposition, redevelopment, repurpose, and revenue-enhancing expenditures. source
• For the remainder of 2026, Camden expected to incur approximately $42 million to $46 million of additional recurring capital expenditures. source
• During the nine months ended September 30, 2026 and 2025, direct real estate taxes, capitalized interest, and other indirect costs were $23.1 million and $19.6 million, respectively. source
• During the nine months ended September 30, 2026 and 2025, capital expenditures were $85.4 million and $80.1 million, respectively. source
• During the nine months ended September 30, 2026 and 2025, reposition expenditures were $63.4 million and $63.9 million, respectively. source

Impact estimates