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Camden Property Trust - CPT STOCK NEWS

Welcome to our dedicated page for Camden Property Trust news (Ticker: CPT), a resource for investors and traders seeking the latest updates and insights on Camden Property Trust stock.

Camden Property Trust (NYSE: CPT) is a pioneering real estate investment trust (REIT) specializing in the acquisition, development, and management of multifamily apartment communities across the United States. Camden’s extensive portfolio primarily includes properties located in high-growth regions such as the Sun Belt, with significant market presence in cities like Houston, Dallas, Las Vegas, and Atlanta.

Established to provide quality living spaces and exceptional customer service, Camden Property Trust focuses on short-term leasing agreements, which form the bulk of its revenue. The company’s primary revenue streams come from metropolitan areas including Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida.

Recently, the company has been recognized by Fortune® magazine as one of the '100 Best Companies to Work For,' making it the only multifamily company to achieve this honor. This accolade underscores Camden’s commitment to its employees and its dynamic work culture. The company offers extensive professional development opportunities for its associates, including training programs, mentoring, networking events, committee opportunities, community service, and team-building activities.

Camden's core values center on people and community, fostering an environment that promotes both personal and collective growth. This approach not only benefits employees but also strengthens the company's market position, making it a leader in the multifamily housing industry.

Financially, Camden Property Trust remains robust, with consistent revenue from its well-occupied properties and a forward-looking strategy that includes ongoing development projects. These projects aim to expand Camden’s footprint in existing markets and explore new opportunities in emerging urban areas.

Partnerships and innovative projects are also key components of Camden's strategy, as the company continues to adapt to market demands and tenant preferences, ensuring long-term growth and sustainability.

  • Camden Property Trust headquarters: Houston, Texas
  • Significant markets: Houston, Dallas, Las Vegas, Atlanta
  • Notable recognition: Fortune® magazine’s '100 Best Companies to Work For'
  • Core business: Multifamily apartment communities
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Camden Property Trust (NYSE:CPT) declares a fourth quarter cash dividend of $1.00 per share, to be paid on January 17, 2024. The company owns and operates 172 properties with 58,961 apartment homes across the US, with plans to increase to 60,514 apartment homes in 177 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 16 consecutive years, most recently ranking #33.
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Camden Property Trust has closed the offering of $500 million senior unsecured notes due 2026. The notes were issued at 99.997% of par value with a coupon of 5.850%. The effective interest rate on the notes is 6.08% per annum. Camden also initiated a forward interest rate swap agreement with an aggregate notional amount of $500 million.
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Camden Property Trust has priced a $500 million offering of senior unsecured notes. The notes have a coupon of 5.850% and will mature on November 3, 2026. The net proceeds of approximately $496.9 million will be used to repay a portion of the outstanding balance on its unsecured revolving credit facility and for general corporate purposes. Settlement is scheduled for November 3, 2023.
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Camden Property Trust (NYSE:CPT) announced its operating results for Q3 2023. Net Income Attributable to Common Shareholders (EPS) was $0.44 per diluted share, FFO was $1.73 per diluted share, Core FFO was $1.73 per diluted share, and Core AFFO was $1.49 per diluted share. Revenues increased by 4.1% and expenses increased by 5.3% compared to Q3 2022. Occupancy decreased to 95.6% from 96.6% in Q3 2022. The company adjusted its full-year 2023 outlook for higher delinquencies, slightly lower occupancy, and rent growth. Camden had approximately $739.8 million of liquidity as of September 30, 2023.
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Camden Property Trust announces Q3 2023 earnings release date and conference call details
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Camden Property Trust declares a third quarter cash dividend of $1.00 per share.
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Camden Property Trust to participate in BofA Securities 2023 Global Real Estate Conference. Q3 2023 operating statistics show steady occupancy rates. New lease and renewal rates show slight increases.
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Camden Property Trust declares a second quarter cash dividend of $1.00 per share to be paid on July 17, 2023.
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FAQ

What is the current stock price of Camden Property Trust (CPT)?

The current stock price of Camden Property Trust (CPT) is $114.91 as of December 20, 2024.

What is the market cap of Camden Property Trust (CPT)?

The market cap of Camden Property Trust (CPT) is approximately 12.0B.

What is Camden Property Trust?

Camden Property Trust is a real estate investment trust specializing in the acquisition, development, and management of multifamily apartment communities across the United States.

Where is Camden Property Trust headquartered?

Camden Property Trust is headquartered in Houston, Texas.

Where are Camden’s key markets located?

Camden’s key markets include Houston, Dallas, Las Vegas, and Atlanta.

How does Camden Property Trust generate revenue?

Camden generates revenue primarily through short-term leasing agreements for multifamily apartments in metropolitan areas.

What recent achievements has Camden Property Trust received?

Camden was recognized by Fortune® magazine as one of the '100 Best Companies to Work For,' making it the only multifamily company on the list.

What are the core values of Camden Property Trust?

Camden’s core values include a focus on people, community, professional development, and creating an engaging work environment.

What kind of professional development does Camden offer its employees?

Camden offers training programs, mentoring, networking opportunities, committee involvement, community service, and team events.

How does Camden Property Trust contribute to its employees' growth?

Camden prioritizes the growth of its employees through extensive professional development opportunities and a supportive work culture.

What is Camden’s strategy for future growth?

Camden’s growth strategy includes ongoing development projects to expand its footprint in current markets and explore new opportunities.

How does Camden Property Trust adapt to market demands?

Camden adapts to market demands through partnerships, innovative projects, and by staying responsive to tenant preferences.

Camden Property Trust

NYSE:CPT

CPT Rankings

CPT Stock Data

12.00B
105.09M
1.46%
98.83%
1.71%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
HOUSTON