Camden Property Trust Announces Second Quarter 2025 Dividend
HOUSTON, June 16, 2025--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the "Company") declared a second quarter cash dividend of $1.05 per share to holders of record as of June 30, 2025 of its Common Shares of Beneficial Interest. The dividend is to be paid on July 17, 2025.
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 176 properties containing 59,670 apartment homes across the United States. Upon completion of 4 properties currently under development, the Company's portfolio will increase to 61,201 apartment homes in 180 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 18 consecutive years, most recently ranking #18.
For additional information, please contact Camden's Investor Relations Department at (713) 354-2787 or access our website at camdenliving.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250616089381/en/
Contacts
Kim Callahan, 713-354-2549
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Stock hits new all-time high as Israel-Iran conflict escalates
Stock hits new all-time high as Israel-Iran conflict escalates originally appeared on TheStreet. Circle Internet Group (NYSE: CRCL), the crypto company behind the USDC stablecoin, opened to an all-time high (ATH) of $165.60 on June 16 as the Israel-Iran conflict entered into its fourth day. As reported earlier, Circle earlier reportedly rejected acquisition bids by crypto industry giants such as Ripple and Coinbase (Nasdaq: COIN). It later made an impressive IPO debut on June 5 as it opened at $69, 124.19% above the IPO price of $31. The IPO was underwritten by a group of Wall Street giants, including JP Morgan Chase, Citigroup, and Goldman Sachs. The previous CRCL ATH was around $138 which it hit a week ago. In fact, its trading was halted multiple times due to limit up-limit down rules due to a stock's price or trading volumes experiencing extreme volatility. Circle is the company behind the U.S. dollar-pegged USDC stablecoin. It is a type of cryptocurrency that attempts to keep its price stable, unlike traditionally volatile cryptocurrencies such as Bitcoin. As per DeFiLlama, the stablecoin market is worth $251.75 billion, with USDC accounting for more than 23% of the market share. Recently, Circle CEO Jeremy Allaire hailed stablecoins as "the highest utility form of money ever created." Though the industry is not yet at its "iPhone moment," when developers realized the potential of programmable mobile devices, it will soon realize the power of programmable digital dollars, Allaire added. At press time, CRCL was trading at $157.07 at the time of writing, up 17.60% a day. Stock hits new all-time high as Israel-Iran conflict escalates first appeared on TheStreet on Jun 16, 2025 This story was originally reported by TheStreet on Jun 16, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
MakeMyTrip Announces Proposed Offering of Convertible Senior Notes
NEW YORK & GURUGRAM, India, June 16, 2025--(BUSINESS WIRE)--MakeMyTrip Ltd (NASDAQ: MMYT, the "Company" or "MakeMyTrip"), today announced that it proposes to offer US$1.25 billion in aggregate principal amount of convertible senior notes due 2030 (the "Notes Offering"), subject to market and other conditions, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company expects to grant the initial purchasers a 13-day option to purchase up to an additional US$187.5 million in aggregate principal amount of the Notes. The Company also announced today, by a separate press release that the Company has commenced an underwritten registered public offering of 14,000,000 ordinary shares, par value US$0.0005 per share (the "Primary Equity Offering"), subject to market and other conditions. The Company expects to grant the underwriters a 13-day option to purchase up to 2,100,000 additional ordinary shares. MakeMyTrip plans to use all of the net proceeds from the Notes Offering and the Primary Equity Offering for the Repurchase (as described below) of a portion of the Class B shares of the Company from Group Limited (" Expected Terms of the Notes When issued, the Notes will be senior, unsecured obligations of the Company. The Notes will mature on July 1, 2030 unless redeemed, repurchased or converted prior to such date. The Notes will be convertible into ordinary shares of the Company, at the option of the holders, in integral multiples of $1,000 principal amount, at any time prior to the close of business on the second business day preceding the maturity date. On or after July 10, 2028, MakeMyTrip may redeem for cash all or part of the Notes, at its option (such redemption, an "Optional Redemption"), if (x) the Notes are "freely tradable" (as will be defined in the indenture for the Notes) and all accrued and unpaid special interest, if any, has been paid in full, as of the date the Company sends the notice of redemption and (y) the last reported sale price of MakeMyTrip's ordinary shares has been at least 130% of the conversion price then in effect on (i) each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately prior to the date MakeMyTrip provides notice of redemption and (ii) the trading day immediately preceding the date MakeMyTrip sends such notice. MakeMyTrip may also redeem for cash all but not part of the Notes at any time if less than 10% of the aggregate principal amount of Notes originally issued (for the avoidance of doubt, including the Notes issued upon the exercise of the initial purchasers' option to purchase additional Notes) remains outstanding at such time ("Cleanup Redemption"). In addition, MakeMyTrip may redeem all but not part of the Notes in the event of certain changes in the tax laws ("Tax Redemption"). The redemption price in the case of a Tax Redemption, an Optional Redemption or a Cleanup Redemption will equal 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the related Redemption Date. Holders of the Notes will have the right, at their option, to require the Company to repurchase for cash all or part of their Notes, on July 3, 2028 at a repurchase price equal to 100% of the principal amount of the Notes to be repurchased plus accrued and unpaid special interest, if any. In addition, subject to certain conditions and a limited exception, holders of the Notes will have the right to require the Company to repurchase all or part of their Notes upon occurrence of certain events that constitute a fundamental change. In connection with certain corporate events or if the Company issues a notice of Optional Redemption, Cleanup Redemption or Tax Redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with such corporate event or such Optional Redemption, Cleanup Redemption or Tax Redemption. Repurchase MakeMyTrip plans to use all of the net proceeds from the Notes Offering and the Primary Equity Offering to repurchase a portion of its Class B Shares, from at a price based on the offering price of the Primary Equity Offering, and after deducting on a per share basis, estimated underwriting discounts and commissions payable by it for both the Notes Offering and the Primary Equity Offering (such transaction, the "Repurchase"). The Repurchase will be made pursuant to the Share Purchase Agreement entered on June 16, 2025 between MakeMyTrip and Other Matters Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Notes or the ordinary shares, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Primary Equity Offering is being made only by means of a separate prospectus supplement and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission. The closing of each of the Notes Offering and the Primary Equity Offering is conditioned upon the closing of each of the other offerings and vice versa. If the Notes Offering is not consummated, the concurrent Primary Equity Offering will terminate. The Notes and the ordinary shares deliverable upon conversion thereof have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws and are being offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Forward-Looking Statements This document contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements about MakeMyTrip's goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of MakeMyTrip, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimate," "target," "project," "should," "could," "would," "may," "will," "forecast" or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of MakeMyTrip, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: MakeMyTrip's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic, social, and political conditions, currency exchange fluctuations and inflation; expected growth of markets in which MakeMyTrip operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under "Item 3. Key Information – D. Risk Factors" and in other sections of MakeMyTrip's annual report on Form 20-F for the fiscal year ended March 31, 2025, as well as in other documents filed by MakeMyTrip from time to time with the U.S. Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and MakeMyTrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About MakeMyTrip Limited We own and operate well-recognized online travel brands, including MakeMyTrip, Goibibo and redBus. Through our primary websites, and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India and overseas. Our services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, bus ticketing, rail ticketing, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance, forex services, and visa processing. We provide our customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, a comprehensive set of domestic accommodation properties in India and a wide selection of properties outside of India, Indian Railways, and all major Indian bus operators. View source version on Contacts For more details, please contact: Mohit KabraGroup Chief Financial OfficerMakeMyTrip Limitedgroupcfo@
Business Wire
an hour ago
- Business Wire
MakeMyTrip Announces Proposed Offering of Convertible Senior Notes
NEW YORK & GURUGRAM, India--(BUSINESS WIRE)--MakeMyTrip Ltd (NASDAQ: MMYT, the ' Company ' or ' MakeMyTrip '), today announced that it proposes to offer US$1.25 billion in aggregate principal amount of convertible senior notes due 2030 (the ' Notes Offering '), subject to market and other conditions, to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the ' Securities Act '). The Company expects to grant the initial purchasers a 13-day option to purchase up to an additional US$187.5 million in aggregate principal amount of the Notes. The Company also announced today, by a separate press release that the Company has commenced an underwritten registered public offering of 14,000,000 ordinary shares, par value US$0.0005 per share (the ' Primary Equity Offering '), subject to market and other conditions. The Company expects to grant the underwriters a 13-day option to purchase up to 2,100,000 additional ordinary shares. MakeMyTrip plans to use all of the net proceeds from the Notes Offering and the Primary Equity Offering for the Repurchase (as described below) of a portion of the Class B shares of the Company from Group Limited (' '). Expected Terms of the Notes When issued, the Notes will be senior, unsecured obligations of the Company. The Notes will mature on July 1, 2030 unless redeemed, repurchased or converted prior to such date. The Notes will be convertible into ordinary shares of the Company, at the option of the holders, in integral multiples of $1,000 principal amount, at any time prior to the close of business on the second business day preceding the maturity date. On or after July 10, 2028, MakeMyTrip may redeem for cash all or part of the Notes, at its option (such redemption, an ' Optional Redemption '), if (x) the Notes are 'freely tradable' (as will be defined in the indenture for the Notes) and all accrued and unpaid special interest, if any, has been paid in full, as of the date the Company sends the notice of redemption and (y) the last reported sale price of MakeMyTrip's ordinary shares has been at least 130% of the conversion price then in effect on (i) each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period ending on, and including, the trading day immediately prior to the date MakeMyTrip provides notice of redemption and (ii) the trading day immediately preceding the date MakeMyTrip sends such notice. MakeMyTrip may also redeem for cash all but not part of the Notes at any time if less than 10% of the aggregate principal amount of Notes originally issued (for the avoidance of doubt, including the Notes issued upon the exercise of the initial purchasers' option to purchase additional Notes) remains outstanding at such time (' Cleanup Redemption '). In addition, MakeMyTrip may redeem all but not part of the Notes in the event of certain changes in the tax laws (' Tax Redemption '). The redemption price in the case of a Tax Redemption, an Optional Redemption or a Cleanup Redemption will equal 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid special interest, if any, to, but excluding, the related Redemption Date. Holders of the Notes will have the right, at their option, to require the Company to repurchase for cash all or part of their Notes, on July 3, 2028 at a repurchase price equal to 100% of the principal amount of the Notes to be repurchased plus accrued and unpaid special interest, if any. In addition, subject to certain conditions and a limited exception, holders of the Notes will have the right to require the Company to repurchase all or part of their Notes upon occurrence of certain events that constitute a fundamental change. In connection with certain corporate events or if the Company issues a notice of Optional Redemption, Cleanup Redemption or Tax Redemption, it will, under certain circumstances, increase the conversion rate for holders who elect to convert their Notes in connection with such corporate event or such Optional Redemption, Cleanup Redemption or Tax Redemption. Repurchase MakeMyTrip plans to use all of the net proceeds from the Notes Offering and the Primary Equity Offering to repurchase a portion of its Class B Shares, from at a price based on the offering price of the Primary Equity Offering, and after deducting on a per share basis, estimated underwriting discounts and commissions payable by it for both the Notes Offering and the Primary Equity Offering (such transaction, the ' Repurchase '). The Repurchase will be made pursuant to the Share Purchase Agreement entered on June 16, 2025 between MakeMyTrip and Other Matters Nothing contained herein shall constitute an offer to sell or the solicitation of an offer to buy any securities, including the Notes or the ordinary shares, nor shall there be any offer or sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. The Primary Equity Offering is being made only by means of a separate prospectus supplement and accompanying prospectuses pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission. The closing of each of the Notes Offering and the Primary Equity Offering is conditioned upon the closing of each of the other offerings and vice versa. If the Notes Offering is not consummated, the concurrent Primary Equity Offering will terminate. The Notes and the ordinary shares deliverable upon conversion thereof have not been, and will not be, registered under the Securities Act of 1933, as amended (the ' Securities Act ') or any state securities laws and are being offered and sold only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act. Forward-Looking Statements This document contains 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including but not limited to, statements about MakeMyTrip's goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of MakeMyTrip, and growth opportunities, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including 'anticipate,' 'expect,' 'suggest,' 'plan,' 'believe,' 'intend,' 'estimate,' 'target,' 'project,' 'should,' 'could,' 'would,' 'may,' 'will,' 'forecast' or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of MakeMyTrip, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: MakeMyTrip's ability to grow at the desired rate or scale and its ability to manage its growth; its ability to further develop its business, including new products and services; its ability to attract and retain partners and consumers; its ability to compete effectively in the intensely competitive and constantly changing market; its ability to continue to raise sufficient capital; its ability to reduce net losses and the use of partner and consumer incentives, and to achieve profitability; potential impact of the complex legal and regulatory environment on its business; its ability to protect and maintain its brand and reputation; general economic, social, and political conditions, currency exchange fluctuations and inflation; expected growth of markets in which MakeMyTrip operates or may operate; and its ability to defend any legal or governmental proceedings instituted against it. In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under 'Item 3. Key Information – D. Risk Factors' and in other sections of MakeMyTrip's annual report on Form 20-F for the fiscal year ended March 31, 2025, as well as in other documents filed by MakeMyTrip from time to time with the U.S. Securities and Exchange Commission. All information provided in this release is provided as of the date of issuance of this release, and MakeMyTrip does not undertake any obligation to update any forward-looking statement, except as required under applicable law. About MakeMyTrip Limited We own and operate well-recognized online travel brands, including MakeMyTrip, Goibibo and redBus. Through our primary websites, and mobile platforms, travelers can research, plan and book a wide range of travel services and products in India and overseas. Our services and products include air ticketing, hotel and alternative accommodations bookings, holiday planning and packaging, bus ticketing, rail ticketing, car hire and ancillary travel requirements such as facilitating access to third-party travel insurance, forex services, and visa processing. We provide our customers with access to all major domestic full-service and low-cost airlines operating in India and all major airlines operating to and from India, a comprehensive set of domestic accommodation properties in India and a wide selection of properties outside of India, Indian Railways, and all major Indian bus operators.
