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 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.
Camden Property Trust (NYSE:CPT) has announced an anticipated expense of approximately $1.0 million due to Hurricane Ian, expected in Q3 2022. These costs will primarily cover cleanup and repairs for water intrusion, roofing, and landscaping at their apartment communities in Florida and North Carolina. An update to the full-year 2022 earnings guidance will follow the Q3 earnings release, scheduled for late October 2022. Camden operates 171 properties with a total of 58,425 apartment homes across the United States.
Camden Property Trust (NYSE:CPT) will release its third quarter 2022 earnings after market close on October 27, 2022. A conference call for analysts and investors will be held on October 28, 2022, at 10:00 AM Central Time. Interested participants can join via webcast or through designated domestic and international dial-in numbers. Camden, recognized as one of the 100 Best Companies to Work For® for 15 consecutive years, operates 171 properties with a total of 58,425 apartment homes in the U.S. The portfolio will expand to 60,267 homes after completing 5 properties under development.
Camden Property Trust (NYSE:CPT) reported minimal damage to its Florida apartment communities due to Hurricane Ian. The company will update stakeholders if circumstances change significantly. Camden operates 171 properties with 58,425 apartment homes, set to expand to 176 properties and 60,267 homes upon completing 5 developments. Recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 15 years, Camden continues to demonstrate stability and commitment to its workforce.
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a $0.94 cash dividend per share for Q3 2022. This dividend is payable on October 17, 2022 to stockholders on record as of September 30, 2022. Camden Property Trust, a key player in the multifamily real estate sector, operates 171 properties with 58,425 apartment homes across the U.S. Following the completion of five ongoing developments, the portfolio will expand to 60,267 homes. The company has been recognized as one of the 100 Best Companies to Work For by FORTUNE for 15 consecutive years.
Camden Property Trust (NYSE:CPT) announced participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022, with a presentation scheduled for 2:55 PM ET on September 13. The event will be webcast live on Camden's website. The company reported a same property occupancy rate of 96.9% as of 2Q22, with new lease rates increasing by 16.2%. Camden is recognized as one of the 100 Best Companies to Work For® by Fortune magazine, ranking #26 in its latest list.
Camden Property Trust (NYSE:CPT) reported strong financial results for Q2 and the first half of 2022, with EPS at $4.54 and $5.37 respectively. Funds from Operations (FFO) showed growth, reaching $1.64 per share for Q2 and $3.14 year-to-date. Revenue increased by 12.1% year-over-year, while expenses rose by only 4.7%. The occupancy rate remained stable at 96.9%. The company also made significant acquisitions, including interests in discretionary funds worth approximately $1.1 billion, enhancing its portfolio of 7,247 homes. Camden issued 2.9 million shares, raising around $490.3 million to reduce debt.
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