Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2025

Financial Assets And Liabilities Measured At Fair Value

The following table presents information about our financial instruments measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024.

Financial Instruments Measured at Fair Value on a Recurring Basis


	June 30, 2025								December 31, 2024
(in millions)	Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total		Quoted Prices in Active Markets for Identical Assets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
Other Assets
Deferred compensation plan investments (1)	$	142.4	$	—	$	—	$	142.4	$	134.1	$	—	$	—	$	134.1
Derivative financial instruments (fair value hedges)	$	—	$	6.3	$	—	$	6.3	$	—	$	5.3	$	—	$	5.3

(1)Approximately $6.9 million and $17.7 million of participant cash was withdrawn from our deferred compensation plan investments during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively.

Fair Value Of Notes Payable

The following table presents the carrying and estimated fair values of our notes payable at June 30, 2025 and December 31, 2024.


	June 30, 2025				December 31, 2024
(in millions)	Carrying Value		Estimated Fair Value		Carrying Value		Estimated Fair Value
Fixed rate notes payable	$	2,765.7	$	2,602.6	$	2,764.4	$	2,528.6
Floating rate notes payable (1)	1,060.3		1,070.1		721.2		733.0

(1) Includes the senior unsecured notes payable and a term loan due in 2026 at June 30, 2025 and December 31, 2024, and includes commercial paper notes at June 30, 2025 and balances outstanding under our unsecured revolving credit facility at December 31, 2024.

CAMDEN PROPERTY TRUST 10-Q