Camden Property Trust (CPT) Risk Factor Changes

As of the date of this filing, we have an unsecured term loan with varying interest rates dependent upon various market indexes.

As of December 31, 2025, we had outstanding debt of approximately $3.9 billion.

We rely on, or may rely in the future on, certain third-party service and software providers to host systems, provide key software, and to supply and store our sensitive data in a secure manner.

Our business involves the storage and transmission of numerous classes of sensitive and confidential information and intellectual property, including residents' and suppliers' personal information, private information…

•disruptions in the supply of materials or labor, increased materials and labor costs, problems with contractors or subcontractors, or other costs including those arising from tariffs, duties, import-related taxes, or…

We intend to continue to develop, reposition, redevelop, and construct multifamily apartment communities for our portfolio.

We hold land for future development and may in the future acquire additional land holdings.

value is less than the carrying basis of our land holdings reflected in our financial statements, we may be required to take future impairment charges which would reduce our net income.

•increased operating costs, if these costs cannot be passed through to our residents; and

•increases in expenses, including from tariffs; and

Information security risks have escalated as a result of these emerging technologies and the heightened sophistication and activity levels of cyber-attack perpetrators.

We use technology in substantially all aspects of our business operations, including internet and cloud-based systems and applications.

•increased costs, including those driven by tariffs, regulatory changes, or other supplychain cost escalations such as higher prices for materials, equipment, contracted services, compliance requirements, or constrain…