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
Camden Property Trust (NYSE:CPT) announced that its first quarter 2023 earnings will be released on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 10:00 AM Central Time. Investors can join via a domestic dial-in number or an international line, with a passcode required for access. The conference call replay will be available until May 12, 2023. Camden operates 172 properties with 58,702 apartment homes in the U.S., and plans to expand its portfolio to 178 properties and 60,652 homes as it completes six ongoing developments. The company has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 16 consecutive years, ranking #33 most recently.
Camden Property Trust (NYSE:CPT) will participate in Citi’s 2023 Global Property CEO Conference on March 7, 2023, at 2:20 PM ET. The event will be available via live webcast at camdenliving.com. For Q1 2023, same property occupancy remains steady at 95.3%. New lease rates averaged 2.1% and renewal rates at 6.9%. The blended rate stands at 4.2%. Camden operates 172 properties with 58,702 apartment homes and is developing 6 additional properties to expand its portfolio to 60,652 apartment homes.
Camden Property Trust (NYSE:CPT) reported Q4 and full-year 2022 results, revealing EPS of $0.42 for Q4 and $6.04 for the year. Funds from Operations (FFO) rose to $1.74 in Q4 and $6.59 overall, while Adjusted FFO (AFFO) reached $1.48 for Q4 and $5.76 for the year. Revenues showed a 9.9% year-over-year increase, with Net Operating Income (NOI) up by 10.9%. Occupancy dipped to 95.8% in Q4 from 97.1% a year prior. The Board declared a $1.00 dividend per share, payable on April 17, 2023. Initial earnings guidance for Q1 2023 suggests an EPS range of $0.36 - $0.40.
Camden Property Trust (NYSE:CPT) announced the tax characteristics of its 2022 distributions, aiding banks and investors in reporting on Form 1099-DIV. Key details include:
- 2022 Total Distribution per Share: $0.940000 across multiple dates.
- Ordinary Taxable Dividends: $0.000000.
- Qualified Dividends: $0.000000.
- Total Capital Gain Distributions: $0.185986, with an unrecaptured Section 1250 Gain of $0.027761.
- Return of Capital: $0.185986.
- Shareholders are advised to consult tax advisors regarding the implications of these distributions.
Camden Property Trust (NYSE:CPT) will announce its fourth quarter 2022 earnings on February 2, 2023, after market close. A conference call will be held on February 3, 2023, at 10:00 AM Central Time. Participants can join via domestic dial-in or by webcast. Camden operates 171 properties with 58,433 apartment homes and anticipates expanding to 60,652 homes across 178 properties after completing 7 developments. The company is recognized among the 100 Best Companies to Work For by FORTUNE magazine for 15 years, currently ranking #26.
The Camden Property Trust (NYSE:CPT) announced a fourth quarter cash dividend of $0.94 per share, payable to shareholders on January 17, 2023, with a record date of December 16, 2022. Camden Property Trust owns and manages 171 properties with a total of 58,433 apartment homes across the United States, and plans to expand to 178 properties with the completion of 7 additional developments. The company has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine for 15 consecutive years, currently ranking #26.
Camden Property Trust (NYSE:CPT) reported its operating results for Q3 and the first nine months of 2022. Net income attributable to common shareholders was $0.27 per diluted share for Q3, down from $0.29 in 2021, while EPS for nine months was $5.62 compared to $0.90 in 2021. Funds from Operations (FFO) reached $1.70 per share for Q3, up from $1.36, and $4.85 for nine months, an increase from $3.88. Same property revenues grew 11.7% year-over-year. Camden also updated its earnings guidance for 2022, expecting EPS between $5.98 and $6.02.
FAQ
What is the current stock price of Camden Property Trust (CPT)?
What is the market cap of Camden Property Trust (CPT)?
What is Camden Property Trust?
Where is Camden Property Trust headquartered?
Where are Camden’s key markets located?
How does Camden Property Trust generate revenue?
What recent achievements has Camden Property Trust received?
What are the core values of Camden Property Trust?
What kind of professional development does Camden offer its employees?
How does Camden Property Trust contribute to its employees' growth?
What is Camden’s strategy for future growth?
How does Camden Property Trust adapt to market demands?
