Earnings summaries and quarterly performance for CAMDEN PROPERTY TRUST.
Executive leadership at CAMDEN PROPERTY TRUST.
Board of directors at CAMDEN PROPERTY TRUST.
Research analysts who have asked questions during CAMDEN PROPERTY TRUST earnings calls.
Adam Kramer
Morgan Stanley
4 questions for CPT
Ami Probandt
UBS
4 questions for CPT
Brad Heffern
RBC Capital Markets
4 questions for CPT
Eric Wolfe
Citi
4 questions for CPT
Haendel St. Juste
Mizuho Financial Group
4 questions for CPT
John Kim
BMO Capital Markets
4 questions for CPT
Steve Sakwa
Evercore ISI
4 questions for CPT
Alexander Goldfarb
Piper Sandler
3 questions for CPT
Austin Wurschmidt
KeyBanc Capital Markets Inc.
3 questions for CPT
James Feldman
Wells Fargo
3 questions for CPT
Linda Tsai
Jefferies
3 questions for CPT
Rich Hightower
Barclays
3 questions for CPT
Alex Kim
Zelman & Associates
2 questions for CPT
David Segall
Green Street
2 questions for CPT
Jeffrey Spector
BofA Securities
2 questions for CPT
Julien Blouin
The Goldman Sachs Group, Inc.
2 questions for CPT
Michael Lewis
Truist Securities, Inc.
2 questions for CPT
Robert Stevenson
Janney Montgomery Scott LLC
2 questions for CPT
Wesley Golladay
Robert W. Baird & Co.
2 questions for CPT
Alexander Kim
Zelman & Associates
1 question for CPT
Alex Kalmus
Zelman & Associates
1 question for CPT
Connor Mitchell
Piper Sandler & Co.
1 question for CPT
Connor Peace
Deutsche Bank
1 question for CPT
Jamie Feldman
Wells Fargo & Company
1 question for CPT
Jana Galan
Bank of America
1 question for CPT
Mason P. Guell
Baird
1 question for CPT
Nick Yulico
Scotiabank
1 question for CPT
Omotayo Okusanya
Deutsche Bank AG
1 question for CPT
Richard Anderson
Wedbush Securities
1 question for CPT
Recent press releases and 8-K filings for CPT.
- Same-store revenue growth of 0.8% in Q3 and 0.9% year-to-date; average occupancy at 95.5%, flat year-over-year.
- Effective rental rates: new leases down 2.5%, renewals up 3.5%, yielding 0.6% blended rate growth.
- Transaction market remains healthy with ample debt and equity; Class A cap rates at 4.5–5% and Class B at 5–5.5%.
- New supply in Camden’s markets projected to decline from 190,000 units in 2025 to 150,000 in 2026 and 110,000 in 2027.
- Capital allocation: intends to lean into share buybacks at approximately a 30% discount to NAV, funded by asset dispositions without raising leverage.
- Raised 2025 full-year Core FFO guidance from $6.75 to $6.81 per share
- Completed three acquisitions totaling $338 million and four dispositions totaling $174 million in 2025 to date
- Maintained strong liquidity with $0.7 billion available under its unsecured credit facility, 91.2% unsecured debt and a 4.1% weighted average interest rate
- Reported 95.5% same-property occupancy in Q3 2025, in line with expectations
- 3Q25 core FFO per share was $1.70, beating the $1.69 guidance midpoint by 1¢, driven by higher fee and asset management income and lower interest expense.
- Disposed of 2 Houston and 1 Dallas communities for $114 million at an average AFFO yield of ~5%; used proceeds to repurchase ~$50 million of shares at an average price of $107.33 (6.4% FFO yield).
- Updated 2025 guidance: core FFO per share midpoint raised to $6.85 from $6.81; same-store revenue growth lowered to 0.75% (from 1.0%) and expense growth to 1.75% (from 2.5%).
- Strong balance sheet with net debt/EBITDA at 4.2×, no significant debt maturities until 4Q26 and no dilutive maturities until 2027.
- Q3 2025 EPS of $1.00 (vs. $(0.04) in Q3 2024) and FFO of $1.67; Core FFO per diluted share was $1.70.
- Same-property revenues grew 0.8% year-over-year with flat NOI; occupancy remained at 95.5%.
- Raised 2025 Core FFO guidance midpoint to $6.85 (from $6.81) and forecast Q4 Core FFO of $1.71 – $1.75 per share.
- Disposed of 626 homes for ~$113.5 million, recognizing an $85.6 million gain; repurchased $50 million of common shares; quarter-end liquidity was $796.3 million.
- Completed lease-up at Camden Durham and construction at Camden Village District; ongoing development of 1,162 homes with an estimated cost of $501 million.
- Q3 2025 EPS was $1.00 versus a loss of ($0.04) in Q3 2024; FFO per share was $1.67, Core FFO per share was $1.70, and Core AFFO per share was $1.43.
- The company raised its 2025 Core FFO guidance midpoint to $6.85 (from $6.81) and maintained its full-year same-property NOI outlook; Q4 2025 EPS is guided to $0.33–$0.37 per share.
- Same-property results for Q3 2025 showed revenue growth of 0.8%, expense growth of 2.3%, and flat NOI year-over-year, with occupancy steady at 95.5%.
- Disposed of 626 homes for approximately $113.5 million, recognizing a gain of about $85.6 million, and repurchased 465,742 common shares at an average price of $107.33 for $50 million.
- Apartment demand hit a 25-year high in Q2, aided by 31 months of wage growth outpacing rent growth, record customer sentiment scores, and low purchase-driven move-outs, underpinning strong resident retention.
- Effective blended rental rate improved 0.7% (new leases down 2.1%, renewals up 3.7%), and occupancy remained stable at 95.6% in Q2 2025.
- Q2 core FFO was $187.6 million or $1.70 per share, $0.01 ahead of guidance; full-year core FFO midpoint raised to $6.81 per share (+$0.03), and Q3 FFO is guided to $1.67–$1.71 per share.
- Executed $139 million acquisition (Camden Clearwater) and $174 million in dispositions (avg. AFFO yield ~5.1%); targeting $750 million each of acquisitions and dispositions in 2025, with net debt/EBITDA at 4.2x and no significant maturities until 2026.
- Filed on May 9, 2025, the 8-K report details key shareholder voting matters, including proposals on Trust Managers, executive compensation, and ratification of the independent registered public accounting firm.
- Shareholder votes at the Annual Meeting overwhelmingly approved the election of ten Trust Managers and the advisory vote on executive compensation, with detailed vote counts provided in the filing.
- The report includes, as part of its exhibits, financial statement filings and a signed certification by Senior VP and Chief Accounting Officer Michael P. Gallagher.
- Strong balance sheet and liquidity were highlighted, with the presentation emphasizing consistent earnings and dividend growth for Q1 2025.
- The company provided detailed 2025 guidance, including a midpoint EPS of $1.15 and Core FFO guidance of $6.75 per share, alongside revenue and expense growth targets.
- Strategic initiatives centered on robust capital recycling via recent acquisitions (e.g., Camden Leander at $68M and Camden West Nashville at $131M) and an active development pipeline that supports portfolio quality.
Quarterly earnings call transcripts for CAMDEN PROPERTY TRUST.
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