Financial Performance - Property revenues for the three months ended September 30, 2024, were $387,232,000, a slight decrease of 0.4% compared to $390,778,000 for the same period in 2023[7]. - Net income attributable to common shareholders for the three months ended September 30, 2024, was a loss of $4,204,000, compared to a profit of $47,963,000 in the same period of 2023[7]. - Earnings per share (EPS) for the three months ended September 30, 2024, were $(0.04), down from $0.44 in the same period of 2023[7]. - Comprehensive income (loss) for the three months ended September 30, 2024, was $(1,980,000), compared to $50,177,000 for the same period in 2023[7]. - For the nine months ended September 30, 2024, property revenues totaled $1,157,523,000, a slight increase from $1,154,440,000 in the same period of 2023[7]. - Net income for the nine months ended September 30, 2023, is $186,378, compared to $128,231 for the same period in 2024[19]. - Funds from operations (FFO) for the three months ended September 30, 2024, were $181.5 million, a decrease from $191.2 million in the same period of 2023[92]. - Core funds from operations for the three months ended September 30, 2024, were approximately $188.1 million, compared to $190.7 million for the same period in 2023, reflecting a decrease of 0.8%[94]. Property Expenses - Total property expenses for the three months ended September 30, 2024, were $143,360,000, an increase of 2% from $140,105,000 in the same period of 2023[7]. - Total property expenses increased by $3.3 million (2.3%) for the three months and $8.4 million (2.0%) for the nine months ended September 30, 2024, compared to the same periods in 2023[79]. - Higher property expenses for the nine months ended September 30, 2024, were primarily due to a $5.0 million increase in salaries and benefits and a $3.9 million increase in utilities expenses[80]. Equity and Cash Distributions - The company declared cash distributions of $3.09 per common share, totaling $340,603,000 for the nine months ended September 30, 2024[10]. - Cash distributions declared to equity holders for the three months ended September 30, 2023, amounted to $110,456, with a distribution of $1.00 per common share[16]. - Total equity as of September 30, 2024, was $4,814,278,000, reflecting changes in net income and distributions[10]. - Total equity as of September 30, 2023, is $4,934,979, an increase from $4,991,542 as of June 30, 2023[16]. Impairments and Development - The company reported an impairment associated with land development activities of $(40,988,000) for the three months ended September 30, 2024[7]. - The company incurred an impairment associated with land development activities amounting to $40,988 for the nine months ended September 30, 2023[19]. - The company estimated an additional cost of approximately $267.0 million to complete five properties currently under construction[48]. - The total additional cost to complete construction of five properties under construction is estimated at approximately $267.0 million[62]. Debt and Financing - As of September 30, 2024, total notes payable was $3,451.8 million, down from $3,715.4 million as of December 31, 2023[39]. - The company has an unsecured revolving credit facility of $1.2 billion maturing in August 2026, with $1.0 billion available as of September 30, 2024[39]. - In January 2024, the company issued $400.0 million of 4.90% senior unsecured notes, with net proceeds of approximately $394.8 million after expenses[41]. - The company repaid a $300.0 million, 6.21% unsecured term loan early, incurring approximately $0.9 million in expenses related to unamortized loan costs[41]. Property Management and Operations - The company owned interests in, operated, or was developing 177 multifamily properties with a total of 59,996 apartment homes as of September 30, 2024[21]. - The average residential lease term as of September 30, 2024, was approximately fourteen months, with total anticipated property revenue from existing leases amounting to $994.7 million[29][30]. - The company has five properties under construction, which will consist of a total of 1,746 apartment homes when completed[21]. - The company plans to continue evaluating future development starts based on market, economic, and capital market conditions[62]. Legal and Regulatory Matters - The company is involved in various legal proceedings, including antitrust allegations, but believes these lawsuits are without merit[48]. - Recent accounting standards updates will require additional disclosures regarding segment reporting and income tax information, effective for annual periods beginning after December 15, 2023, and December 15, 2024, respectively[30]. - The SEC's climate-related disclosure rules are currently stayed due to legal challenges, with an unclear timeline for implementation[30]. Non-Property Income and Expenses - Non-property income increased significantly, with total non-property income of $11.0 million for the three months ended September 30, 2024, compared to a loss of $2.2 million in the same period in 2023[85]. - Interest and other income rose approximately $1.0 million (N/A) and $3.9 million (N/A) for the three and nine months ended September 30, 2024, respectively, primarily due to higher investment interest income[86]. - General and administrative expenses rose approximately $3.3 million (21.2%) and $6.9 million (14.8%) during the three and nine months ended September 30, 2024, respectively, compared to the same periods in 2023[87]. Shareholder Actions - During the nine months ended September 30, 2024, the company repurchased 515,974 common shares for approximately $50.0 million, averaging $96.88 per share, with $450.0 million remaining under the repurchase plan[34]. - The company created a new at-the-market share offering program in May 2023, allowing for the sale of common shares up to $500.0 million for general corporate purposes[34]. - The company has not sold any shares or entered into any forward sales agreements under the 2023 ATM program as of the date of the filing[36].

Camden (CPT) reported $387.23 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.9%. EPS of $1.71 for the same period compares to $0.44 a year ago.The reported revenue represents a surprise of -0.50% over the Zacks Consensus Estimate of $389.19 million. With the consensus EPS estimate being $1.68, the EPS surprise was +1.79%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Core Viewpoint - Camden (CPT) reported quarterly funds from operations (FFO) of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.68 per share, but down from $1.73 per share a year ago, indicating a slight decline year-over-year [1][2] Financial Performance - The company achieved revenues of $387.23 million for the quarter ended September 2024, which missed the Zacks Consensus Estimate by 0.50% and is lower than the $390.78 million reported in the same quarter last year [2] - Over the last four quarters, Camden has surpassed consensus FFO estimates four times, but has only topped revenue estimates once [2] Stock Performance - Camden shares have increased approximately 18.2% since the beginning of the year, while the S&P 500 has gained 21.9%, indicating underperformance relative to the broader market [3] Future Outlook - The future performance of Camden's stock will largely depend on management's commentary during the earnings call and the company's FFO outlook for upcoming quarters [4][6] - The current consensus FFO estimate for the next quarter is $1.71 on revenues of $389.4 million, and for the current fiscal year, it is $6.78 on revenues of $1.55 billion [7] Industry Context - The REIT and Equity Trust - Residential industry, to which Camden belongs, is currently ranked in the top 37% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

H Featured Community: Camden Cypress Creek II · Cypress, TX · 234 Apartment Homes · Year Built 2020 Living Excellence 3Q24 Earnings Release & Supplemental Financial Information 11 Greenway Plaza • Houston, TX 77046 • (713) 354-2500 • camdenliving.com Investors Relations Contact • Kim Callahan • (713) 354-2549 CAMDEN TABLE OF CONTENTS | --- | --- | |-------------------------------------------------------------------------|-------| | | Page | | Press Release Text | 3 | | Financial Highlights | 4 | | Operating ...

Group 1 - Camden (CPT) is a stock in the Finance sector that has gained about 20.5% year-to-date, outperforming the sector average of 20.1% [4] - Camden has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook with a 0.7% increase in the full-year earnings estimate over the past quarter [3] - Camden is part of the REIT and Equity Trust - Residential industry, which has gained about 10.1% year-to-date, showing that CPT is performing better than this specific group [5] Group 2 - Allstate (ALL) is another Finance stock that has outperformed the sector with a year-to-date increase of 37.9% [4] - Allstate's consensus EPS estimate has increased by 21.9% over the past three months, also holding a Zacks Rank of 2 (Buy) [5] - The Insurance - Property and Casualty industry, to which Allstate belongs, has moved up by 28.8% year-to-date, ranking 63 in the Zacks Industry Rank [6]

Over the past five years, Sunbelt-focused multifamily REITs have outperformed the other multifamily REITs in the S&P 500. In this opportunity, Camden Property Trust (NYSE: CPT ) has obtained a total return of 23.33%. The return Hey there! My focus here is to provide you with insightful rating analysis on the world's leading financial firms to help you navigate and comprehend the latest investment opportunities while identifying potential pitfalls. My favorite picks are those that are tilted toward both the ...

Core Insights - The article emphasizes the expertise and experience of the iREIT®+HOYA Capital team, which covers various income-oriented investment alternatives such as REITs, BDCs, MLPs, and Preferreds [2] - Brad Thomas, a key figure in the investment group, has over 30 years of experience in real estate investing and has been involved in transactions exceeding $1 billion [3] Group 1 - The iREIT®+HOYA Capital service provides in-depth research and analysis on a range of investment vehicles, including REITs and ETFs, aimed at income-oriented investors [2] - The team consists of analysts with over 100 years of combined experience, including backgrounds in hedge funds, due diligence, and military service [2] - Brad Thomas has been featured in prominent financial media and is the author of multiple books, indicating a strong reputation in the industry [3] Group 2 - The article mentions that the investment group has a beneficial long position in shares of specific companies, indicating a vested interest in their performance [4] - It is noted that the article is intended to assist in research and provide a platform for deeper analysis, reflecting the company's commitment to informed investment decisions [5] - The disclosure from Seeking Alpha highlights that past performance does not guarantee future results, underscoring the importance of careful investment consideration [6]

Core Insights - The apartment rental market has faced an oversupply issue for several years, but this situation is expected to improve, potentially benefiting Camden Property Trust (NYSE: CPT) in the future [1]. Company Analysis - Camden Property Trust may experience several tailwinds as the oversupply problem in the apartment rental market eases [1]. Industry Overview - The apartment rental market has been characterized by an oversupply problem, which has impacted rental prices and occupancy rates [1].

When there is uncertainty in the stock market, investors should pay more attention than usual to Wall Street analyst ratings and price target adjustments. These analysts rarely stick their necks out and risk their reputations – and careers when they make new calls during high-volatility events such as interest rate cuts and a slowing S&P 500; these mean a lot more. The three stocks that earned analyst attention lately came out to be Domino's Pizza Inc. NYSE: DPZ as a part of the consumer discretionary secto ...

Investors might wonder whether the real estate sector will see a demand boon soon. Leaning on the promise of a Federal Reserve interest rate cut by the end of the year, most of the market is on the edge of their seats, and they are getting ready to pour into property. The problem is that this time, it might not be enough to get new homebuyers on the playing field. So much more needs to be done, which is why mega investors have looked elsewhere. According to the CME's FedWatch tool, the Fed will likely cut i ...