FWP

FWP 1 d90582dfwp.htm FWP FWP

Filed Pursuant to Rule 433

Registration Statement No. 333-271865

Final Term Sheet dated February 17, 2026

Relating to Preliminary Prospectus Supplement dated February 17, 2026

to Prospectus dated May 12, 2023

$600,000,000 4.900% NOTES DUE 2036


Issuer:		Camden Property Trust

State of Formation:		Texas

*Expected Ratings (Moody’s / S&P / Fitch):**		A3 / A- / A-

Trade Date:		February 17, 2026

Settlement Date:		T+2; February 19, 2026

Type:		SEC Registered

Principal Amount:		$600,000,000

Maturity Date:		February 28, 2036

Benchmark Treasury:		4.125% due February 15, 2036

Benchmark Treasury Price / Yield:		100-17+ / 4.058%

Spread to Benchmark Treasury:		0.85% (85 basis points)

Yield to Maturity:		4.908%

Price to Public:		99.936% of the principal amount

Coupon (Interest Rate):		4.900%

Interest Payment Dates:		February 28 and August 28, commencing on August 28, 2026

Day Count Convention:		30 / 360

Redemption Provision:		Make-whole call based on Treasury Rate + 0.15% (+15 basis points); if, however, the Notes are redeemed on or after November 28, 2035, the redemption price will equal 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the amount being redeemed to the redemption date

CUSIP / ISIN:		133131BC5 / US133131BC55

Joint Book-Running Managers:		BofA Securities, Inc. J.P. Morgan Securities LLC PNC Capital Markets LLC U.S. Bancorp Investments, Inc. Truist Securities, Inc. Wells Fargo Securities, LLC



Senior Co-Managers:		Regions Securities LLC BMO Capital Markets Corp. BNP Paribas Securities Corp. Deutsche Bank Securities Inc. Mizuho Securities USA LLC Scotia Capital (USA) Inc. TD Securities (USA) LLC

Co-Managers:		M&T Securities, Inc. Samuel A. Ramirez & Company, Inc.

*	Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

No PRIIPs or UK PRIIPs KID: No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in the European Economic Area or UK.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling, BofA Securities, Inc. toll-free at (800) 294-1322, J.P. Morgan Securities LLC collect at (212) 834-4533, PNC Capital Markets LLC toll-free at (855) 881-0697 or by email pnccmprospectus@pnc.com, or U.S. Bancorp Investments, Inc. toll-free at (877) 558-2607.

SEC Form FWP filed by Camden Property Trust