other material
confidence high
sentiment neutral
materiality 0.45
Camden Property Trust enters new $500M at-the-market equity program
CAMDEN PROPERTY TRUST
- New ATM agreements allow sale of up to $500M of common shares through Deutsche Bank, Regions, Scotia, and TD.
- Prior ATM program terminated; $200,115 remained unsold under the old agreements.
- Proceeds will fund general corporate purposes, including debt reduction, development, and acquisitions.
- Company may enter forward sale agreements; proceeds from forward sales not received until physical settlement.
- Managers receive up to 1.5% commission on shares sold through them as agents.