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 a public offering of 2,900,000 common shares, intending to use the proceeds to reduce borrowings under its $900 million unsecured line of credit and for general corporate purposes, including financing acquisitions and development activities. The offering is underwritten by BofA Securities and Wells Fargo Securities, with an option for underwriters to purchase an additional 435,000 shares. Camden owns and operates 170 properties comprising 58,055 apartment homes, and expects to expand to 175 properties with 59,828 homes upon completion of current developments.
Camden Property Trust (NYSE:CPT) will announce its Q1 2022 earnings on
Camden Property Trust (NYSE:CPT) announced the acquisition of all outstanding partnership interests in its two discretionary investment funds from the Teacher Retirement System of Texas, effective April 1, 2022. The deal involved 22 multifamily communities with 7,247 apartment homes, valued at approximately $2.1 billion. Camden previously held 31.3% of the funds and acquired the remaining 68.7% for about $1.1 billion after assuming $520 million in mortgage debt. Camden will also join the S&P 500 index effective April 4, 2022, further solidifying its market position.
Camden Property Trust (NYSE:CPT) announced the acquisition of all outstanding partnership interests in its two discretionary investment funds from the Teacher Retirement System of Texas for approximately
Camden Property Trust (NYSE:CPT) will participate in the Citi 2022 Global Property CEO Conference on March 9, 2022, at 9:00 AM ET, with a live webcast available on their website. The company reported first quarter 2022 operating statistics, maintaining a same property occupancy of 97.1% in January and 97.0% in February. New lease rates increased to 16.6% for Q4 2021, while blended rates remained strong at 15.3%. Camden operates 171 properties with over 58,300 apartment homes and is recognized as one of the 100 Best Companies to Work For.
Camden Property Trust (NYSE:CPT) reported financial results for Q4 and FY 2021, showcasing significant growth. EPS rose to $2.02 from $0.29 YoY, FFO increased to $1.51 from $1.21, and AFFO climbed to $1.30 from $1.00. Revenues grew by 8.5% QoQ, and expenses decreased by 2.3%. The company maintained a strong occupancy rate of 97.1% and declared a dividend of $0.94 per common share, payable April 18, 2022. Initial 2022 earnings guidance predicts EPS between $1.65 and $1.95, and FFO between $6.09 and $6.39.
Camden Property Trust (NYSE:CPT) has appointed Javier E. Benito as an independent Trust Manager effective February 1, 2022. Benito brings extensive experience from Yum! Brands, where he served as General Manager for KFC Latin America and the Caribbean. His prior roles include Chief Strategy Officer and Managing Director. This appointment coincides with the upcoming retirement of William F. Paulsen, anticipated at the May 12, 2022 annual shareholder meeting. Camden, which manages 171 properties across the U.S., continues to be recognized among the top workplaces by FORTUNE magazine.
Camden Property Trust (NYSE:CPT) announced the tax characteristics of its 2021 distributions to shareholders, aiding financial institutions in reporting on Form 1099-DIV. For four distributions of $0.83 per share, the record and payment dates range from March 31 to December 16, 2021, with payment dates in April, July, October, and January 2022. Key breakdowns include ordinary taxable dividends and capital gain distributions. Shareholders are encouraged to consult their advisors regarding tax implications, as treatments may differ. Camden operates 171 properties across the U.S., with plans to expand to 176 properties.
Camden Property Trust (NYSE:CPT) will release its fourth quarter 2021 earnings after market close on February 3, 2022. A conference call for analysts and investors will follow on February 4, 2022, at 10:00 AM Central Time. The call can be accessed via domestic dial-in number (888) 317-6003 or international dial-in number (412) 317-6061. The earnings release and supplemental data will be available on the company’s investor website. Camden operates 171 properties with 58,300 apartment homes, set to expand to 176 properties and 60,073 homes post-completion of 5 ongoing developments.
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) has declared a fourth quarter cash dividend of $0.83 per share, payable to shareholders on January 18, 2022, for those recorded by December 16, 2021. Camden, a prominent real estate company, manages 171 properties with a total of 58,588 apartment homes in the US and is on track to expand to 60,493 units upon completing 6 ongoing developments. Notably, Camden has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 14 consecutive years, recently ranking #8.
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