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 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.
Camden Property Trust (NYSE:CPT) will release its fourth quarter 2020 earnings on February 4, 2021, after market close, followed by a conference call on February 5, 2021, at 10:00 AM CT. The conference can be accessed via domestic and international dial-in numbers. Camden operates 167 properties with 56,850 apartment homes and is set to complete 7 additional properties, increasing its capacity to 59,104 homes. The company has been consistently recognized as a top employer, ranking #18 in FORTUNE’s 100 Best Companies to Work For® and achieving a ranking of #25 on Glassdoor’s Employees' Choice Awards in 2020.
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) announced a fourth quarter cash dividend of $0.83 per share for shareholders of record as of December 16, 2020, with payment scheduled for January 15, 2021. Camden, an S&P 400 Company, specializes in multifamily apartment management and development, currently operating 166 properties with 56,616 apartment homes across the U.S. The company is set to expand by completing 8 additional properties, raising its portfolio to 59,104 homes in 174 properties. Camden has earned recognition as one of the best workplaces for 13 consecutive years.
Camden Property Trust (NYSE: CPT) announced its participation in Nareit’s REITworld 2020 Annual Conference, scheduled for November 17-19, 2020. Camden's roundtable discussion will take place on November 18, 2020, at 1:45 PM Eastern Time, and will be accessible via a live webcast. Camden owns and manages 165 properties with 56,383 apartment homes across the U.S., expected to increase to 59,104 units upon completion of ongoing developments. The company has been recognized as one of the 100 Best Companies to Work For® by FORTUNE for 13 consecutive years, ranking #18 in its most recent listing.
Camden Property Trust (NYSE:CPT) will release its Q3 2020 earnings after market close on October 29, 2020. A conference call with management is scheduled for October 30, 2020, at 10:00 AM Central Time. Camden, a leading real estate firm, manages a portfolio of 165 properties with 56,383 apartment homes across the U.S., and is set to grow to 58,051 homes upon completing 6 ongoing developments. The company has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 years, achieving a rank of #18 in its latest listing.
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