Camden Property Trust Reaffirms 2006 Earnings Guidance.

HOUSTON -- Camden Property Trust (NYSE:CPT) today announced that it has reaffirmed its 2006 earnings guidance provided on May 4, 2006. The Company expects Funds from Operations ("FFO") of $0.85 to $0.90 per diluted share for the second quarter of 2006, and $3.50 to $3.70 per diluted share for full-year 2006.

Camden Property Trust is a real estate company engaged in the ownership, development, acquisition, management and disposition of multifamily apartment communities. Camden owns interests in and operates 185 properties containing 63,664 apartment homes across the United States. Upon completion of 13 properties under development, the Company's portfolio will increase to 68,183 apartment homes in 198 properties.

In addition to historical information, this press release contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which Camden operates, management's beliefs, and assumptions made by management. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties which are difficult to predict.

For additional information, please contact Camden's Investor Relations Department at [phone] or [phone] or access our website at http://www.camdenliving.com.