CAMDEN PROPERTY TRUST 8-K

What Happened

• Camden Property Trust (the Company) filed an 8-K on April 9, 2026 reporting that on April 7, 2026 it entered into a binding term sheet to settle claims in the consolidated class action In Re: RealPage, Inc., Rental Software Antitrust Litigation (No. II).
• The parties agreed to finalize a long-form settlement agreement on or before May 7, 2026, with Plaintiffs expected to seek the Court’s preliminary approval on or before May 15, 2026. Execution of the term sheet or settlement agreement is not an admission of fault or liability by Camden.

Key Details

• Settlement amount: $53.0 million total to a settlement fund, intended to resolve all claims asserted or that could have been asserted against Camden related to the alleged conduct.
• Payment schedule: Two equal installments of $26.5 million — first installment payable within 45 days of executing the long-form settlement agreement; second payable within four months of that execution.
• Scope: The $53M is inclusive of class member recoveries, plaintiffs’ counsel fees, and settlement administration costs.
• Operational commitments: The settlement will include prospective commitments about disclosure/use of nonpublic data and use of revenue management software; Camden says these will not require material operational changes.
• Regulatory note: The 8-K also includes a Regulation FD disclosure that is being furnished (not filed) and is therefore not subject to certain Exchange Act liabilities.

Why It Matters

• This resolves a material legal exposure tied to the RealPage antitrust litigation for a defined cash payment ($53M) rather than continuing potentially lengthy and uncertain litigation.
• The payment timing and prospective business commitments are concrete items investors can monitor; the company says the settlement avoids greater legal uncertainty (including potential joint-and-several liability) and will not materially change operations.
• There is no guarantee the settlement will be approved by the court; if it is not approved or not finalized, Camden intends to continue defending the case.