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) reported Q3 and year-to-date 2021 results, indicating a decrease in EPS to $0.29 from $0.35 YoY. However, FFO increased to $1.36 from $1.25. Revenue growth was 5.1% YoY while expenses rose by 4.7%. Occupancy improved to 97.3% from 95.5% YoY. The company completed acquisitions worth $176.3 million and has a strong liquidity position of $1.3 billion. Camden updated its earnings guidance for Q4 2021 with an EPS range of $0.31-$0.37 and an FFO range of $1.46-$1.52. The company will hold an earnings call on October 29, 2021.
Camden Property Trust (NYSE:CPT) will release its third quarter 2021 earnings on October 28, 2021, after market close. A conference call is scheduled for the following day, October 29, 2021, at 10:00 AM Central Time. Participants can join via domestic dial-in (888-317-6003) or international dial-in (412-317-6061), with a passcode of 6751407. A replay of the call will be available until November 12, 2021. Camden manages 172 properties with 58,682 apartment homes, expected to grow to 60,587 upon completion of 6 ongoing developments.
Camden Property Trust (NYSE:CPT) will participate in the Bank of America Global Real Estate Conference from September 21-22, 2021, with its presentation scheduled for September 22 at 10:30 AM ET. The company provided third-quarter operating statistics, reporting a collected rent rate of 98.7% and occupancy of 97.3%. New lease rates increased notably in July and August, with August at 20.4%. Camden operates 172 properties across the U.S. and is set to expand its portfolio to 178 properties with the completion of six developments.
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a cash dividend of $0.83 per share for Q3 2021. This dividend is payable on October 18, 2021, to shareholders of record as of September 30, 2021. Camden Property Trust, ranked #8 among the 100 Best Companies to Work For® by FORTUNE magazine, operates 172 properties with 58,682 apartment homes nationwide. The company is set to expand its portfolio to 60,587 homes upon completion of six ongoing developments.
Camden Property Trust (NYSE:CPT) reported its Q2 2021 results, revealing a net income per share of $0.30, up from $0.17 in Q2 2020. Funds from Operations (FFO) reached $1.28, an increase from $1.09 year-over-year. Revenue grew by 4.1% while expenses increased by 6.2%, leading to a 3.0% rise in Net Operating Income (NOI). Occupancy rose to 96.9%, compared to 95.1% in Q2 2020. The company acquired two apartment communities for a total of approximately $291.6 million and had $1.3 billion in liquidity as of June 30, 2021. Camden updated its EPS guidance for Q3 2021 to between $0.22 - $0.28.
Camden Property Trust (NYSE:CPT) will release its Q2 2021 earnings on July 29, 2021, after market closure. A conference call with management is scheduled for July 30, 2021, at 10:00 AM Central Time, with domestic and international dial-in options available. Camden operates 169 properties with 57,609 apartment homes and plans to expand to 177 properties with 60,217 homes upon completing 8 developments. The company has been consistently recognized as one of the 100 Best Companies to Work For by FORTUNE, ranking #8 this year.
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) has declared a cash dividend of $0.83 per share for the second quarter, payable on July 16, 2021, to shareholders of record as of June 30, 2021. Camden, recognized in FORTUNE's 100 Best Companies to Work For for 14 consecutive years, owns and operates 168 properties with a total of 57,179 apartment homes across the U.S. With 8 properties under development, the portfolio is set to grow to 59,787 homes.
Camden Property Trust (NYSE: CPT) will participate in Nareit’s REITweek 2021 Investor Conference from June 8-10, 2021, with a discussion scheduled for June 9 at 11:45 AM ET. The conference will be webcast live. Additionally, the company provided its second-quarter operating statistics, reporting collected scheduled rents between 98.4% and 98.5% in April and May. Occupancy rates improved from 96.0% in Q1 to 97.0% in May. Camden recently acquired a 328-home apartment community in Nashville, TN, for $105 million, expanding its portfolio of multifamily communities nationally.
Camden Property Trust (NYSE:CPT) will participate in the Janney Virtual Real Estate and Lodging Conference on May 25, 2021, at 11:15 AM Central Time. The event will be web-cast live and accessible via the Investors section of Camden's website. Camden Property Trust operates 167 properties with 56,851 apartment homes and anticipates growth to 175 properties with 59,459 apartment homes upon the completion of 8 ongoing developments. The company is recognized for its workplace culture, ranking #8 in FORTUNE's 100 Best Companies to Work For® and #25 in Glassdoor's Employees' Choice Awards in 2020.
Camden Property Trust (NYSE:CPT) reported its operating results for Q1 2021, showing a decrease in EPS ($0.31 vs. $0.43 in Q1 2020) and FFO ($1.24 vs. $1.35). Revenue fell by 0.4% year-over-year with a 5.4% rise in expenses. Occupancy remained stable at 96.0%. April 2021 rent collections improved to 98.0% compared to 94.3% in April 2020. The company has approximately $1.2 billion in liquidity and updated its 2021 earnings guidance, forecasting EPS of $0.84 to $1.14 and FFO of $4.94 to $5.24. A conference call is scheduled for April 30, 2021.
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