Group 1 - Camden Property Trust (CPT) shares have declined nearly 8% year-to-date, underperforming the broader market which is up over 6% [1] - The performance of Camden Property Trust is in line with the trend observed in the apartment REIT sector [1] Group 2 - The article does not provide specific financial metrics or future outlook for Camden Property Trust or the apartment REIT sector [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact Name of Registrant as Specified in Its Charter) TX 76-6088377 (State or other jurisdiction of incorporation or organization) 11 Greenway Plaza, Suite 2400 Houston, T ...

Camden Property Trust (CPT) Q2 2025 Earnings Call August 01, 2025 11:00 AM ET Company ParticipantsKim Callahan - Senior Vice President, Investor RelationsRic Campo - Chairman & Chief Executive OfficerKeith Oden - Executive Vice ChairmanAlex Jessett - President & CFOEric Wolfe - DirectorLaurie Baker - EVP & COOJamie Feldman - MD & Head - REIT ResearchJeffrey Spector - Managing DirectorNone - ExecutiveJohn Kim - MD - U.S. Real EstateBrad Heffern - DirectorRobert Stevenson - MD & Head - Real Estate ResearchRic ...

Camden Property Trust (CPT) Q2 2025 Earnings Call August 01, 2025 11:00 AM ET Speaker0Good morning and welcome to Camden Property Trust's second quarter twenty twenty five earnings conference call. I'm Kim Callahan, Senior Vice President of Investor Relations. Joining me today for our prepared remarks are Rick Campo, Camden's Chairman and Chief Executive Officer Keith Oden, Executive Vice Chairman and Alex Jessett, President and Chief Financial Officer. We also have Lori Baker, Chief Operating Officer and S ...

Core Insights - Camden Property Trust (CPT) reported second-quarter 2025 core funds from operations (FFO) per share of $1.70, exceeding the Zacks Consensus Estimate of $1.69, but reflecting a slight year-over-year decline of 0.6% [1][8] - The quarterly performance was driven by higher same-property revenues and improved occupancy, although lower effective new lease rates impacted growth [1][8] - CPT raised its full-year 2025 core FFO per share guidance range, now expecting $6.76-$6.86, up from the previous range of $6.63-$6.93 [7][8] Financial Performance - Property revenues for the quarter reached $396.5 million, surpassing the Zacks Consensus Estimate of $393.8 million, and increased by 2.4% year-over-year [2] - Same-property revenues rose 1.0% year-over-year to $377.4 million, while same-property expenses increased by 2.4% to $136.4 million, resulting in a same-property NOI increase of 0.2% to $241.0 million [3] - Same-property occupancy improved to 95.6%, up 30 basis points year-over-year and 20 basis points sequentially [3] Lease Rates and Portfolio Activity - In Q2, same-property effective blended lease rates increased by 0.7%, while effective new lease rates declined by 2.1%, and effective renewal rates rose by 3.7% compared to expiring lease rates [4] - Camden has four communities under development totaling 1,531 units at an estimated cost of $639 million [5] - The company acquired a 360-unit community in Tampa, FL, for $138.7 million and sold a 337-unit property in Houston, TX, for $60.0 million, realizing a gain of $47.3 million [5] Balance Sheet and Liquidity - As of the end of Q2 2025, CPT had liquidity of $717.5 million, which included $33.1 million in cash and cash equivalents, and approximately $684.4 million available under its unsecured credit facility and commercial paper program [6] - The net debt-to-annualized adjusted EBITDAre ratio for the April-June period was 4.2 times, an increase from 3.9 times in the same period last year [6] Future Guidance - For Q3 2025, CPT anticipates core FFO per share in the range of $1.67-$1.71, with the Zacks Consensus Estimate currently at $1.68 [7] - The company expects same-property revenue growth of 0.5-1.5% and an expense increase of 2.0-3%, with same-property NOI projected to decline by 0.75% to grow by 1.25% [9]

Camden (CPT) came out with quarterly funds from operations (FFO) of $1.7 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to FFO of $1.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +0.59%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.68 per share when it actually produced FFO of $1.72, delivering a surprise of +2.38%.Over the last four quarters, the ...

CAMDEN TABLE OF CONTENTS | | Page | | --- | --- | | Press Release Text | 3 | | Financial Highlights | 4 | | Operating Results | 5 | | Funds from Operations | 6 | | Balance Sheets | 7 | | Portfolio Statistics | 8 | | Components of Property Net Operating Income | 9 | | Sequential Components of Property Net Operating Income | 10 | | "Same Property" Second Quarter Comparisons | 11 | | "Same Property" Sequential Quarter Comparisons | 12 | | "Same Property" Year to Date Comparisons | 13 | | "Same Property" Operat ...

Core Insights - Camden Property Trust (CPT) is expected to report second-quarter 2025 results on July 31, with anticipated year-over-year revenue growth but a potential decline in funds from operations (FFO) per share [1][9] U.S. Apartment Market Overview - The U.S. apartment market showed resilience in Q2 2025, absorbing over 227,000 units, surpassing the peak leasing surge of 2021 and early 2022 despite economic uncertainties [3] - National occupancy rose to 95.6% in June, up 140 basis points year-over-year, while rent growth remained muted at 0.19% [4] - Over 535,000 units were completed in the past year, with approximately 108,000 delivered in Q2 2025, indicating a strong market capacity to absorb new supply [5] Regional Market Dynamics - Tech-driven markets like San Francisco, San Jose, Boston, and New York gained momentum, supported by easing supply and return-to-office trends [6] - Sun Belt markets such as Dallas, Atlanta, and Jacksonville showed recovery, while tourism-dependent cities like Las Vegas and Orlando experienced slight declines [6] Camden Property Trust's Performance Factors - Camden is expected to benefit from sustained renter demand in high-growth markets, supporting occupancy and blended lease rate gains [7] - The company's strategic presence in urban and suburban areas, along with a focus on technology and operational efficiency, is likely to enhance performance [8] - Camden projects Q2 core FFO per share between $1.67 and $1.71, reflecting a 1.17% year-over-year decline at the midpoint, with revenue estimates at $393.82 million, indicating 1.7% growth from the prior year [9][10] Analyst Expectations - The Zacks Consensus Estimate for Camden's core FFO per share has remained unchanged at $1.69, suggesting a decline year-over-year [11] - The current Earnings ESP for Camden is 0.00%, indicating uncertainty regarding a surprise in FFO performance this quarter [12]

Investor Presentation May 2025 Camden Leander – Leander, TX Why Camden? We're Positioned for Excellence *2Q25 data through 5/29/25. 2 The Right Product in the Right Markets Balance Sheet Strength and Liquidity Consistent Earnings and Dividend Growth Proven Record of Capital Recycling and Value Creation Innovation, Technology, and Talent = Operational Excellence Camden Main and Jamboree – Irvine, CA Table of Contents | | 2025 Highlights/Recent Updates | 4 | | --- | --- | --- | | | Company Overview | 5-12 | | ...

Group 1 - The article emphasizes the importance of making contrarian bets based on macro views and stock-specific turnaround stories to achieve outsized returns with a favorable risk/reward profile [1] - The author has over fifteen years of experience in the investment field, focusing on identifying potential investment opportunities [1] Group 2 - There is a disclosure stating that the author has no current positions in any mentioned companies and does not plan to initiate any positions in the next 72 hours [2] - The article expresses personal opinions and does not represent the views of Seeking Alpha as a whole [2]