CPT
Camden Property Trust105.41
+0.76+0.73%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A details CA sale, Denver reg hit
Q&A elaborated on the California portfolio sale's timing, driven by an anticipated Sunbelt growth pivot, vibrant coastal transaction markets, and buying shares at a steep NAV discount, with flexible whole or piecemeal sales to max value. Management confirmed front-loaded buybacks ahead of midyear closes and 1031 redeployments into stabilized Sunbelt assets, dismissing redeployment risks. Denver's HB 25-1090 utility rebill ban slices 19bps from NOI; urban assets now outperform suburban. Development costs dropped 5-8%, penciling mid-5% untrended yields for late-year starts. Rents have flatlined too long. Optimism builds for a hard turn; watch transaction closes.
Key Stats
Market Cap
11.26BP/E (TTM)
42.68Basic EPS (TTM)
2.47Dividend Yield
0.04%Recent Filings
8-K
Issues $600M notes due 2036
Camden Property Trust issued $600 million of 4.900% notes due 2036 on February 19, 2026, after agreeing with underwriters led by BofA Securities on February 17. Net proceeds of $594 million will repay part of its $1.2 billion credit facility and $600 million commercial paper, freeing capacity for acquisitions and development. Redeemable with make-whole premium. Long-term debt locked in.
10-K
FY2025 results
Camden Property Trust delivered FY2025 property revenues up 1.9% to $1.57B and NOI up 2.2% to $1.01B, with same-store NOI edging 0.3% higher on 0.8% revenue growth from utility income and occupancy gains, yet expenses rose 1.7%. Q4 momentum shone through $260.9M gains from five dispositions, four acquisitions adding $422.9M in assets, and three new stabilizations; repurchases accelerated with 2.1M shares bought in Q4 at $106.82 average. Q4 impairment hit $12.9M on land parcels. Debt stood at $3.9B with $1.2B revolver capacity. In 2026, expect $135M-$155M construction spend. Short-term leases expose rents to market dips.
8-K
Q4 Core FFO beats; 2026 outlook issued
Camden reported Q4 Core FFO of $1.76 per share, beating guidance amid flat same-property NOI and 95.2% occupancy. It booked a $128M gain from selling 979 homes for $201M, bought Orlando's Camden Lake Buena Vista for $85.2M, and repurchased $221M in shares. 2026 Core FFO guides $6.60-$6.90, signaling softer NOI growth. Shares shrink fast.
10-Q
Q3 FY2025 results
Camden Property Trust posted Q3 results ended September 30, 2025, but key financial figures like revenue, EPS, and cash flows sit undisclosed in this 10-Q excerpt. No topline growth, margins, or y/y deltas available to assess momentum. Balance sheet and cash flow details absent too. Liquidity posture unclear without cash or debt specifics. No M&A or regulatory items noted. Competition stays a persistent risk from Risk Factors.
8-K
Camden beats Core FFO guidance
IPO
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