CAMDEN PROPERTY TRUST SECTION PAGE Management’s discussion and analysis of financial condition and results of operations  50 Report of independent registered public accounting fi rm  67 Consolidated balance sheets 68 Consolidated statements of operations  69 Consolidated statements of shareholders’ equity  70 Consolidated statements of cash fl ows  71 Notes to consolidated fi nancial statements  72 Comparative summary of selected financial and property data  92 transforming camden 49