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) 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.
Camden Property Trust (NYSE:CPT) will release its first quarter 2021 earnings after market close on April 29, 2021, with a conference call scheduled for April 30, 2021, at 10:00 AM Central Time. Interested parties can join the call via domestic dial-in at (888) 317-6003 or international dial-in at (412) 317-6061, using passcode 4025578. Camden owns and operates 167 properties, totaling 56,850 apartment homes, and is set to expand its portfolio to 59,104 homes upon completion of 7 ongoing developments. The company has ranked among the 100 Best Companies to Work For® for 13 consecutive years.
Camden Property Trust (CPT) will participate in the Citi 2021 Virtual Global Property CEO Conference on March 8, 2021, at 9:30 AM Central Time. The discussion will be webcast live and archived on Camden's website. The company, an S&P 400 entity, owns and manages 167 properties with 56,850 apartment homes, set to increase to 59,104 homes with 7 additional developments. Camden has ranked among the 100 Best Companies to Work For by FORTUNE for 13 years, most recently at #18, and received a Glassdoor Employees' Choice Award in 2020, ranking #25.
Camden Property Trust (NYSE:CPT) has confirmed that all its Texas apartment communities are operational with full power and water restored. The company anticipates incurring less than $1 million in expenses related to winter storm damages in the first quarter of 2021, after considering insurance reimbursements. Camden emphasizes its commitment to resident safety and well-being during this crisis. The company owns and operates 167 properties with 56,850 apartment homes and is expanding its portfolio as development progresses on 7 additional properties.
Camden Property Trust (CPT) reported operating results for Q4 and FY 2020. Net Income Per Share (EPS) fell to $0.29 from $0.95 in 2019, while Funds from Operations (FFO) decreased to $1.21. A non-cash adjustment and COVID-19 impacts negatively influenced these figures. Revenues dropped 0.1% year-over-year, with expenses rising 8.4%. Despite these challenges, liquidity remains strong with $1.3 billion available. The company also provided earnings guidance for 2021, indicating cautious optimism in a recovering apartment market.
Camden Property Trust (NYSE:CPT) has disclosed the income tax characteristics of its 2020 distributions, providing essential information for banks and investors preparing Form 1099-DIV. The distributions include a total of $0.83 per share, distributed across four payment dates, with ordinary taxable dividends of $0.806023 per share. Key tax classifications include qualified dividends, capital gain distributions, and return of capital. Shareholders are advised to consult tax experts for specific reporting guidance as state tax treatment may vary. Camden operates 167 properties with plans to expand to 174 properties upon completion of ongoing developments.
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