Camden(CPT)

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Camden Property (CPT) Presents At REITweek 2021 Investor Virtual Conference - Slideshow
2021-06-15 18:31
Company Overview - Camden is a publicly traded S&P 400 company with a total market capitalization of $16 billion[6] - The company focuses on high-growth markets and operates a diverse portfolio of assets[7] Financial Highlights & Guidance - In 1Q21, same property scheduled rents collected were 98.4%[12] - New lease rates for leases signed in May 2021 increased by 8.9% compared to expiring lease rates[13] - Renewal rates for leases signed in May 2021 increased by 6.5% compared to expiring lease rates[13] - The midpoint of 2021 guidance includes FFO per share of $5.09, revenue growth of 1.60%, expense growth of 3.90%, and NOI growth of 0.25%[19] - The midpoint of 2021 guidance includes acquisitions and dispositions of $450 million each, and development starts of $220 million[19] Portfolio & Transactions - As of 1Q21, Camden's portfolio included 167 operating communities with 56,851 apartment homes and an average occupancy of 96%[35] - The average monthly rental rate per home was $1,589, and the average monthly revenue per occupied home was $1,830[35] - Camden has invested $3.2 billion in total developments since 2011[49] - Camden has completed repositioning of over 33,000 apartment homes to date through 1Q21, with an average cost of $13,700 per home and an average rental rate increase of ~$125 per month[60]
Camden(CPT) - 2021 Q1 - Earnings Call Transcript
2021-04-30 23:22
Camden Property Trust (NYSE:CPT) Q1 2021 Earnings Conference Call April 30, 2021 11:00 AM ET Company Participants Kim Callahan – Senior Vice President–Investor Relations Ric Campo – Chairman and Chief Executive Officer Keith Oden – Executive Vice Chairman Alex Jessett – Chief Financial Officer Conference Call Participants Alua Askarbek – Bank of America Neil Malkin – Capital One Securities Alexander Goldfarb – Piper Sandler Nick Joseph – Citi John Kim – BMO Capital Markets Amanda Sweitzer – Baird Brad Heffe ...
Camden(CPT) - 2021 Q1 - Quarterly Report
2021-04-29 16:00
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 March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission file number: 1-12110 CAMDEN PROPERTY TRUST (Exact Name of Registrant as Specified in Its Charte ...
Camden(CPT) - 2020 Q4 - Annual Report
2021-02-17 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-12110 CAMDEN PROPERTY TRUST (Exact name of registrant as specified in its charter) Texas 76-6088377 (State or other ...
Camden(CPT) - 2020 Q4 - Earnings Call Transcript
2021-02-05 23:56
Camden Property Trust (NYSE:CPT) Q4 2020 Earnings Conference Call February 5, 2021 11:00 AM ET Company Participants Kim Callahan - Senior Vice President, Investor Relations Ric Campo - Chairman and Chief Executive Officer Keith Oden - Executive Vice Chairman Alex Jessett - Chief Financial Officer Conference Call Participants Alua Askarbek - Bank of America Neil Malkin - Capital One Derek Johnston - Deutsche Bank Sumit Sharma - Scotiabank Alexander Goldfarb - Piper Sandler Austin Wurschmidt - KeyBanc Nick Jo ...
Camden Property Trust (CPT) Investor Presentation - Slideshow
2020-11-17 19:23
Company Overview - Camden is a publicly traded company since 1993 with a total market capitalization of $12.5 billion[6] - Camden focuses on high-growth markets and operates a diverse portfolio of assets[8] Financial Highlights & COVID-19 Impact - In Q3 2020, Camden's same property scheduled rents collected were 99.4%, with 0.6% delinquent[11] - In October 2020, same property scheduled rents collected were 98.5%, with 1.5% delinquent[11] - New lease rates for same properties in Q3 2020 decreased by 2.4%, while renewal rates increased by 0.6%, resulting in blended rates decreasing by 0.9% (date effective)[12] - New lease rates for same properties in October 2020 decreased by 3.5%, while renewal rates increased by 2.1%, resulting in blended rates decreasing by 1.0% (date effective)[12] - Camden estimates a $14.8 million total cost impact from COVID-19 in 2020, including $9.1 million for resident relief funds (wholly-owned), $0.4 million for resident relief funds (JV allocation at pro-rata), $0.8 million for employee relief fund, $2.8 million for frontline bonuses, and $1.7 million for COVID-19 expenses[25] Portfolio & Development - Camden's portfolio consists of over 56,000 apartment homes in 14 major US markets[38] - The average monthly rental rate per home is $1,598, and the average monthly revenue per occupied home is $1,848[38] - Camden has $3.1 billion in total dispositions and $2.1 billion in total acquisitions since 2011[51, 53] - Camden has completed/stabilized 31 development communities from 2011-2020, with a total cost of $2.0 billion and a market value of $3.1 billion, creating $1.1 billion in value[55] Capital Structure - Camden has a 3.6% weighted average interest rate on all debt and 98.7% fixed-rate debt[62] - Camden has $441 million in cash and cash equivalents and $888 million available under its $900 million unsecured credit facility[62]
Camden(CPT) - 2020 Q3 - Earnings Call Transcript
2020-10-30 20:53
Camden Property Trust (NYSE:CPT) Q3 2020 Earnings Conference Call October 30, 2020 11:00 AM ET Company Participants Kim Callahan – Senior Vice President-Investor Relations Ric Campo – Chairman and Chief Executive Officer Keith Oden – Executive Vice Chairman Alex Jessett – Chief Financial Officer Conference Call Participants Sumit Sharma – Scotiabank Alua Askarbek – Bank of America Nick Joseph – Citi Alexander Goldfarb – Piper Sandler Austin Wurschmidt – KeyBanc Rich Hightower – Evercore Neil Malkin – Capita ...
Camden(CPT) - 2020 Q3 - Quarterly Report
2020-10-30 16:15
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 September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to _______________ Commission file number: 1-12110 CAMDEN PROPERTY TRUST (Exact Name of Registrant as Specified in Its Ch ...
Camden(CPT) - 2020 Q2 - Earnings Call Transcript
2020-08-01 04:46
Camden Property Trust (NYSE:CPT) Q2 2020 Earnings Conference Call July 31, 2020 11:00 AM ET Company Participants Kim Callahan - Senior Vice President of Investor Relations Ric Campo - Chairman and Chief Executive Officer Keith Oden - Executive Vice Chairman Alex Jessett - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Jeff Spector - Bank of America Nick Yulico - Scotiabank Austin Wurschmidt - KeyBanc Alexander Goldfarb - Piper Sandler Nick Joseph - Citi Neil Mal ...
Camden(CPT) - 2020 Q2 - Quarterly Report
2020-07-31 16:27
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, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |----------------------------------------------------------------------------------------------------------|------------------------------------------| | | | ...