Connor Peace's questions to Camden Property Trust (CPT) leadership • Q1 2025
Question
Connor Peace of Deutsche Bank asked if the current bad debt level of 60 basis points has reached a normalized state or if there is potential for further improvement.
Answer
President and CFO Alex Jessett stated they are "pretty close" to a normalized level, which for Camden is 50 basis points. He noted significant improvement in previously problematic markets and expressed hope for another 10 basis points of improvement, crediting new technology initiatives for reducing fraudulent applications. Executive Vice Chairman D. Keith Oden added that they are trending in the right direction to eventually return to their pre-COVID, 30-year average.