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CAMDEN PROPERTY TRUST (CPT)

Earnings summaries and quarterly performance for CAMDEN PROPERTY TRUST.

Research analysts who have asked questions during CAMDEN PROPERTY TRUST earnings calls.

Adam Kramer

Morgan Stanley

4 questions for CPT

Also covers: AMH, AVB, EQR +5 more

Ami Probandt

UBS

4 questions for CPT

Also covers: AVB, CSR, EQR +4 more

Brad Heffern

RBC Capital Markets

4 questions for CPT

Also covers: ADC, AMH, AVB +15 more

Eric Wolfe

Citi

4 questions for CPT

Also covers: AMH, AVB, CUBE +13 more

Haendel St. Juste

Mizuho Financial Group

4 questions for CPT

Also covers: AAT, ADC, AIV +21 more

John Kim

BMO Capital Markets

4 questions for CPT

Also covers: AIV, ALX, ARDX +32 more

Steve Sakwa

Evercore ISI

4 questions for CPT

Also covers: ALX, AMH, AVB +31 more

Alexander Goldfarb

Piper Sandler

3 questions for CPT

Also covers: ALEX, ALX, AVB +25 more

Austin Wurschmidt

KeyBanc Capital Markets Inc.

3 questions for CPT

Also covers: AHR, AIV, AMH +20 more

James Feldman

Wells Fargo

3 questions for CPT

Also covers: AMH, ARE, AVB +16 more

Linda Tsai

Jefferies

3 questions for CPT

Also covers: ADC, AKR, AMH +31 more

Rich Hightower

Barclays

3 questions for CPT

Also covers: ADC, AMH, AVB +18 more

Alex Kim

Zelman & Associates

2 questions for CPT

Also covers: AVB, EQR, ESS +2 more

David Segall

Green Street

2 questions for CPT

Also covers: AMH, ELS, EQR +3 more

Jeffrey Spector

BofA Securities

2 questions for CPT

Also covers: AKR, AMH, AVB +25 more

Julien Blouin

The Goldman Sachs Group, Inc.

2 questions for CPT

Also covers: ALX, AMH, CBRE +11 more

Michael Lewis

Truist Securities, Inc.

2 questions for CPT

Also covers: ALX, BDN, BXP +12 more

Robert Stevenson

Janney Montgomery Scott LLC

2 questions for CPT

Also covers: ADC, AHH, AIV +17 more

Wesley Golladay

Robert W. Baird & Co.

2 questions for CPT

Also covers: ADC, AHR, ARE +23 more

Alexander Kim

Zelman & Associates

1 question for CPT

Also covers: AVB, EQR, ESS +2 more

Alex Kalmus

Zelman & Associates

1 question for CPT

Also covers: AIV, ESS, UDR

Connor Mitchell

Piper Sandler & Co.

1 question for CPT

Also covers: BRX, CHCT, CSR +8 more

Connor Peace

Deutsche Bank

1 question for CPT

Jamie Feldman

Wells Fargo & Company

1 question for CPT

Also covers: AMH, ARE, AVB +17 more

Jana Galan

Bank of America

1 question for CPT

Also covers: ADC, AHH, BXP +20 more

Mason P. Guell

Baird

1 question for CPT

Also covers: CSR, IRT, MAA +1 more

Nick Yulico

Scotiabank

1 question for CPT

Also covers: ALX, DOC, KRC +2 more

Omotayo Okusanya

Deutsche Bank AG

1 question for CPT

Also covers: AMH, ARE, BDN +40 more

Richard Anderson

Wedbush Securities

1 question for CPT

Also covers: AIV, ARE, AVB +25 more

Recent press releases and 8-K filings for CPT.

Camden reports Q3 2025 operating results
CPT
Earnings
Share Buyback
  • 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.
Nov 7, 2025, 4:00 PM
Camden Property Trust raises 2025 Core FFO guidance and confirms Q3 2025 performance
CPT
Earnings
Guidance Update
New Projects/Investments
  • 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
Nov 7, 2025, 4:00 PM
Camden Property Trust reports Q3 2025 earnings results
CPT
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 7, 2025, 4:00 PM
Camden Property Trust announces Q3 2025 operating results
CPT
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 6, 2025, 9:32 PM
Camden Property Trust reports Q3 2025 operating results
CPT
Earnings
Guidance Update
Share Buyback
  • 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.
Nov 6, 2025, 9:15 PM
Camden Property Trust reports Q2 2025 results
CPT
Earnings
Guidance Update
New Projects/Investments
  • 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.
Aug 1, 2025, 9:20 PM
Camden Property Trust Files 8-K Report on Shareholder Vote Outcomes
CPT
Proxy Vote Outcomes
  • 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.
May 9, 2025, 12:00 AM
Camden Property Trust Reports Q1 2025 Earnings
CPT
Earnings
Guidance Update
M&A
  • 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.
May 2, 2025, 3:00 PM