Company Strategy & Portfolio - Camden focuses on high-growth markets based on employment, population, and migration trends [8, 9] - Camden operates a diverse portfolio with 64% of assets in suburban locations and 36% in urban areas [8, 10] - Camden's portfolio consists of nearly 59,000 apartment homes across 15 major US markets [11, 12] - Camden maintains a strong capital structure with approximately $17 billion in unencumbered assets [15, 16] Financial Performance & Guidance - Camden anticipates 2025 Core FFO per share to be in the range of $660 to $690 [22] - Camden projects same-property revenue growth for 2025 to be between 00% and 20% [22] - Camden expects to engage in real estate transactions, including acquisitions and dispositions, in the range of $600 million to $900 million each [22] Market Fundamentals & Resident Profile - Camden's resident profile includes a median age of 31 years and an average annual household income of approximately $122,000 for new move-ins in FY24 [39] - Camden's average rent-to-income ratio is 19% for new move-ins in FY24 [39] - Camden's total same property occupancy is 954% [33]

Financial Performance - Camden (CPT) reported revenue of $390.57 million for the quarter ended March 2025, reflecting a year-over-year increase of 1.9% [1] - Earnings per share (EPS) for the quarter was $1.72, significantly higher than the $0.77 reported in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $388.01 million by 0.66% [1] - EPS also surpassed the consensus estimate of $1.68 by 2.38% [1] Key Metrics - Rental revenues amounted to $348.30 million, falling short of the seven-analyst average estimate of $388.26 million, but showing a year-over-year increase of 2% [4] - Net Earnings per Share (Diluted) was reported at $0.36, exceeding the average estimate of $0.32 based on six analysts [4] - Non-property income from interest and other sources was $0.01 million, significantly below the average estimate of $0.44 million [4] - Non-property income from fee and asset management reached $2.49 million, surpassing the average estimate of $1.47 million [4] - Total non-property income was reported at $3.70 million, exceeding the average estimate of $3.33 million [4] - Income/(loss) on deferred compensation plans was $1.20 million, slightly below the estimated $1.63 million [4] Stock Performance - Camden's shares have returned -7.3% over the past month, compared to a -0.7% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Camden (CPT) came out with quarterly funds from operations (FFO) of $1.72 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to FFO of $1.67 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 2.38%. 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 $1.73, delivering a surprise of 2.98%.Over the last four quarters, the ...

[Q1 2025 Operating Results & Outlook](index=3&type=section&id=Q1%202025%20Operating%20Results%20%26%20Outlook) This section details Camden Property Trust's Q1 2025 financial performance and updated full-year guidance [Q1 2025 Performance and Full-Year Guidance](index=3&type=section&id=CAMDEN%20PROPERTY%20TRUST%20ANNOUNCES%20FIRST%20QUARTER%202025%20OPERATING%20RESULTS) Camden reported strong Q1 2025 Core FFO per share of $1.72, exceeding guidance, and raised full-year 2025 Core FFO guidance to $6.78 per share due to lower borrowing costs Q1 2025 Per Share Performance vs. Prior Year and Guidance | Per Diluted Share | 1Q 2025 | 1Q 2024 | 1Q25 Guidance Midpoint | Variance from Midpoint | | :--- | :--- | :--- | :--- | :--- | | EPS | $0.36 | $0.77 | $0.34 | $0.02 | | FFO | $1.70 | $1.67 | $1.66 | $0.04 | | Core FFO | $1.72 | $1.70 | $1.68 | $0.04 | - The company raised its full-year 2025 Core FFO guidance midpoint to **$6.78 per share**, up from **$6.75**, primarily due to expected lower borrowing costs for the remainder of the year resulting from a new commercial paper program[6](index=6&type=chunk) Q1 2025 Same Property Performance | Same Property Results | YoY Growth (1Q25 vs. 1Q24) | Sequential Growth (1Q25 vs. 4Q24) | | :--- | :--- | :--- | | Revenues | 0.8% | 0.4% | | Expenses | 0.5% | 2.2% | | Net Operating Income (NOI) | 0.9% | (0.5)% | | **Metric** | **1Q25** | **1Q24** | | Occupancy | 95.4% | 95.0% | Q1 2025 Same Property Leasing Trends | Lease Rate Type | 1Q25 | 1Q24 | 4Q24 | | :--- | :--- | :--- | :--- | | Effective New Lease Rates | (3.1)% | (4.2)% | (4.6)% | | Effective Renewal Rates | 3.3% | 4.0% | 3.3% | | Effective Blended Lease Rates | (0.1)% | (0.8)% | (1.1)% | Updated 2025 Full-Year and Q2 2025 Guidance (Per Share) | Per Diluted Share | 2Q25 Range | 2025 Current Range | 2025 Current Midpoint | 2025 Prior Midpoint | | :--- | :--- | :--- | :--- | :--- | | EPS | $0.27 - $0.31 | $1.01 - $1.31 | $1.16 | $1.15 | | FFO | $1.65 - $1.69 | $6.53 - $6.83 | $6.68 | $6.65 | | Core FFO | $1.67 - $1.71 | $6.63 - $6.93 | $6.78 | $6.75 | [Financial Highlights & Consolidated Statements](index=6&type=section&id=Financial%20Highlights%20%26%20Consolidated%20Statements) This section presents Camden's key financial metrics, consolidated income statements, FFO reconciliations, and balance sheet data [Financial Highlights](index=6&type=section&id=CAMDEN%20FINANCIAL%20HIGHLIGHTS) For Q1 2025, Camden reported $390.6 million in property revenues, $38.8 million net income, and a Core FFO per share of $1.72 Q1 2025 Key Financial Metrics (vs. Q1 2024, in millions) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Property revenues | $390.6 | $383.1 | | Adjusted EBITDAre | $227.3 | $224.0 | | Net income attributable to common shareholders | $38.8 | $83.9 | | Core FFO per share - diluted | $1.72 | $1.70 | | Dividends per share | $1.05 | $1.03 | Key Ratios and Balance Sheet Data (as of March 31, in billions) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Debt to Annualized Adjusted EBITDAre | 4.1x | 3.9x | | Interest expense coverage ratio | 6.7x | 6.9x | | Total assets | $9.0 | $9.1 | | Total debt | $3.74 | $3.55 | [Operating Results (Consolidated Statements of Income)](index=7&type=section&id=CAMDEN%20OPERATING%20RESULTS) Q1 2025 consolidated income statements show property revenues of $390.6 million, but net income decreased to $38.8 million due to a non-recurring gain in Q1 2024 Consolidated Operating Results (in millions) | Line Item | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Property revenues | $390.6 | $383.1 | | Total property expenses | $139.4 | $138.5 | | Gain on sale of operating property | — | $43.8 | | **Net income attributable to common shareholders** | **$38.8** | **$83.9** | | Total earnings per common share - diluted | $0.36 | $0.77 | [Funds from Operations (FFO)](index=8&type=section&id=CAMDEN%20FUNDS%20FROM%20OPERATIONS) This section reconciles net income to FFO, Core FFO, and Core AFFO, with Q1 2025 FFO at $186.9 million ($1.70/share) Reconciliation of Net Income to FFO, Core FFO, and Core AFFO (in millions) | Metric | Three Months Ended March 31, 2025 | Three Months Ended March 31, 2024 | | :--- | :--- | :--- | | Net income attributable to common shareholders | $38.8 | $83.9 | | Real estate depreciation and amortization | 146.2 | 141.8 | | **Funds from operations (FFO)** | **$186.9** | **$183.8** | | Non-core adjustments | 2.9 | 3.8 | | **Core funds from operations (Core FFO)** | **$189.8** | **$187.6** | | Less: Recurring capitalized expenditures | (16.1) | (22.0) | | **Core adjusted funds from operations (Core AFFO)** | **$173.7** | **$165.6** | [Balance Sheets](index=9&type=section&id=CAMDEN%20BALANCE%20SHEETS) As of March 31, 2025, total assets were $9.0 billion, total liabilities $4.3 billion, and total equity $4.7 billion Key Balance Sheet Items (in billions) | As of | Mar 31, 2025 | Dec 31, 2024 | Mar 31, 2024 | | :--- | :--- | :--- | :--- | | Total real estate assets | $8.71 | $8.58 | $8.76 | | **Total assets** | **$8.99** | **$8.85** | **$9.10** | | Unsecured Notes payable | $3.41 | $3.16 | $3.22 | | **Total liabilities** | **$4.31** | **$4.10** | **$4.11** | | **Total equity** | **$4.69** | **$4.75** | **$4.99** | [Portfolio & Operations](index=10&type=section&id=Portfolio%20%26%20Operations) This section details Camden's property portfolio, including regional distribution, occupancy, and net operating income analysis [Portfolio Overview](index=10&type=section&id=COMMUNITY%20PORTFOLIO%20AT%20MARCH%2031%2C%202025) As of Q1 2025, Camden's portfolio includes 61,178 apartment homes, with D.C. Metro as the largest NOI contributor and 95.3% overall occupancy Portfolio by Region (Apartment Homes as of March 31, 2025) | Region | Same Property | Under Construction | Grand Total | | :--- | :--- | :--- | :--- | | D.C. Metro | 6,192 | — | 6,192 | | Houston, TX | 9,154 | — | 9,531 | | Phoenix, AZ | 4,426 | — | 4,426 | | Dallas, TX | 6,226 | — | 6,226 | | Charlotte, NC | 3,123 | 769 | 4,279 | | **Total Portfolio** | **57,116** | **1,531** | **61,178** | Q1 2025 NOI Contribution and Occupancy by Region | Region | "Same Property" NOI % | Q1 2025 Occupancy % | Q1 2024 Occupancy % | | :--- | :--- | :--- | :--- | | D.C. Metro | 13.4% | 97.1% | 96.6% | | Houston, TX | 11.9% | 95.1% | 94.6% | | Phoenix, AZ | 8.7% | 95.4% | 95.2% | | Dallas, TX | 8.2% | 95.0% | 94.6% | | **Total Portfolio** | **100.0%** | **95.3%** | **94.8%** | [Net Operating Income (NOI) Analysis](index=11&type=section&id=CAMDEN%20COMPONENTS%20OF%20PROPERTY%20NET%20OPERATING%20INCOME) Total property NOI for Q1 2025 increased to $251.1 million, with same-property NOI up 0.9% year-over-year Components of Property NOI - Q1 2025 vs Q1 2024 (in millions) | Category | Q1 2025 NOI | Q1 2024 NOI | Change | | :--- | :--- | :--- | :--- | | "Same Property" Communities | $243.4 | $241.2 | $2.2 | | Non-"Same Property" Communities | $4.8 | $2.6 | $2.2 | | Development and Lease-Up | $2.0 | $0.0 | $2.0 | | **Total Property NOI** | **$251.1** | **$244.6** | **$6.5** | Sequential Same Property NOI (in millions) | Quarter | Revenues | Expenses | NOI | | :--- | :--- | :--- | :--- | | **1Q 2025** | **$376.3** | **$133.0** | **$243.4** | | 4Q 2024 | $374.7 | $130.1 | $244.6 | | 3Q 2024 | $376.6 | $136.0 | $240.6 | [Same Property Performance](index=13&type=section&id=CAMDEN%20%22SAME%20PROPERTY%22%20COMPARISONS) Same-property NOI increased 0.9% year-over-year due to revenue growth, but sequentially declined 0.5% due to higher expenses [Year-over-Year Comparison (1Q25 vs 1Q24)](index=13&type=section&id=CAMDEN%20%22SAME%20PROPERTY%22%20FIRST%20QUARTER%20COMPARISONS) Same-property NOI grew 0.9% year-over-year, driven by revenue increases, with Atlanta and Los Angeles showing strong performance Same Property YoY Growth by Top/Bottom Markets (1Q25 vs 1Q24) | Market | Revenue Growth | Expense Growth | NOI Growth | | :--- | :--- | :--- | :--- | | Atlanta, GA | (0.7)% | (15.9)% | 7.4% | | Los Angeles/Orange County, CA | 3.6% | (2.2)% | 6.8% | | San Diego/Inland Empire, CA | 4.5% | 2.0% | 5.6% | | Phoenix, AZ | (0.1)% | 9.9% | (3.4)% | | SE Florida | (1.7)% | 2.4% | (4.0)% | | Austin, TX | (3.3)% | (0.7)% | (5.2)% | | **Total Same Property** | **0.8%** | **0.5%** | **0.9%** | [Sequential Comparison (1Q25 vs 4Q24)](index=15&type=section&id=CAMDEN%20%22SAME%20PROPERTY%22%20SEQUENTIAL%20QUARTER%20COMPARISONS) Same-property NOI decreased 0.5% sequentially, as revenue gains were offset by a 2.2% increase in expenses, despite Atlanta's rebound Same Property Sequential Growth by Top/Bottom Markets (1Q25 vs 4Q24) | Market | Revenue Growth | Expense Growth | NOI Growth | | :--- | :--- | :--- | :--- | | Atlanta, GA | 0.9% | (24.9)% | 17.6% | | Nashville, TN | (0.1)% | (16.8)% | 9.7% | | Los Angeles/Orange County, CA | 2.3% | (0.5)% | 3.8% | | Raleigh, NC | 0.0% | 11.4% | (4.7)% | | Orlando, FL | 1.0% | 12.9% | (5.0)% | | Houston, TX | 0.4% | 11.1% | (6.7)% | | **Total Same Property** | **0.4%** | **2.2%** | **(0.5)%** | [Operating Expense Analysis](index=17&type=section&id=CAMDEN%20%22SAME%20PROPERTY%22%20OPERATING%20EXPENSE%20DETAIL%20AND%20COMPARISONS) Total same-property operating expenses increased 0.5% year-over-year but rose 2.2% sequentially, primarily due to property insurance and taxes Same Property Operating Expense Changes | Expense Category | YoY Change (1Q25 vs 1Q24) | QoQ Change (1Q25 vs 4Q24) | % of 1Q25 Expenses | | :--- | :--- | :--- | :--- | | Property Taxes | (0.8)% | 3.3% | 35.6% | | Utilities | 4.5% | 1.7% | 20.2% | | Salaries and Benefits | 3.9% | (1.5)% | 18.5% | | Property Insurance | (10.4)% | 13.7% | 6.1% | | **Total Same Property** | **0.5%** | **2.2%** | **100.0%** | [Investment Activities](index=18&type=section&id=Investment%20Activities) This section covers Camden's development pipeline, recent acquisitions, and capital expenditure details [Development Activities](index=18&type=section&id=CAMDEN%20CURRENT%20DEVELOPMENT%20COMMUNITIES) Camden has 797 homes in lease-up and 1,531 homes under construction, with an additional 932 homes in the future pipeline - During Q1 2025, construction commenced at Camden Nations in Nashville, TN, and leasing began at Camden Village District in Raleigh, NC[9](index=9&type=chunk) Development Projects in Lease-Up (as of 4/28/2025) | Community Name | Location | Homes | Total Cost ($M) | % Leased | | :--- | :--- | :--- | :--- | :--- | | Camden Woodmill Creek | Spring, TX | 189 | $72.4 | 94% | | Camden Durham | Durham, NC | 420 | $145.2 | 90% | | Camden Long Meadow Farms | Richmond, TX | 188 | $72.1 | 64% | Development Projects Under Construction | Community Name | Location | Homes | Estimated Cost ($M) | | :--- | :--- | :--- | :--- | | Camden Village District | Raleigh, NC | 369 | $138.0 | | Camden South Charlotte | Charlotte, NC | 420 | $163.0 | | Camden Blakeney | Charlotte, NC | 349 | $154.0 | | Camden Nations | Nashville, TN | 393 | $184.0 | | **Total** | | **1,531** | **$639.0** | Future Development Pipeline | Pipeline Community | Location | Projected Homes | Estimated Cost ($M) | | :--- | :--- | :--- | :--- | | Camden Baker | Denver, CO | 434 | $191.0 | | Camden Gulch | Nashville, TN | 498 | $300.0 | | **Total** | | **932** | **$491.0** | [Acquisition Activity](index=20&type=section&id=2025%20ACQUISITION%20ACTIVITY) In Q1 2025, Camden acquired two apartment communities for $199.0 million, adding 787 homes in Austin and Nashville Q1 2025 Acquisitions | Property | Location | Purchase Price ($M) | Homes | Year Built | | :--- | :--- | :--- | :--- | :--- | | Camden Leander | Leander, TX | $67.7 | 352 | 2023 | | Camden West Nashville | Nashville, TN | $131.3 | 435 | 2020 | | **Total/Average** | | **$199.0** | **787** | | [Capital Expenditures](index=25&type=section&id=CAMDEN%20CAPITALIZED%20EXPENDITURES%20%26%20MAINTENANCE%20EXPENSE) Q1 2025 saw $16.1 million in recurring capital expenditures and $19.7 million for repositioning 589 units - Total recurring capitalized expenditures for Q1 2025 were **$16.1 million**, or **$273 per weighted average apartment home**[73](index=73&type=chunk) - The company spent an additional **$19.7 million** on repositioning **589 apartment homes** to enhance their rental income potential[73](index=73&type=chunk)[75](index=75&type=chunk) [Debt & Capital Structure](index=4&type=section&id=Debt%20%26%20Capital%20Structure) This section outlines Camden's liquidity, capital market activities, and detailed debt composition and compliance [Liquidity and Capital Markets](index=4&type=section&id=Liquidity%20and%20Capital%20Markets) As of March 31, 2025, Camden maintained $772.9 million in liquidity and established a $600 million commercial paper program - The company established a new commercial paper program allowing for the issuance of up to **$600 million** in notes. As of March 31, 2025, **$425.8 million** was outstanding[11](index=11&type=chunk) - Total liquidity as of March 31, 2025, was approximately **$772.9 million**, comprised of **$26.2 million** in cash and **$746.7 million** available under its unsecured credit facility and commercial paper program[12](index=12&type=chunk) [Debt Analysis](index=21&type=section&id=DEBT%20MATURITIES%20AS%20OF%20MARCH%2031%2C%202025%3A) Camden's total debt was $3.74 billion with a 5.7-year weighted average maturity and 4.1% interest rate, primarily unsecured and fixed-rate Debt Composition as of March 31, 2025 (in millions/billions) | Debt Type | Balance | % of Total | Weighted Avg. Interest Rate | Time to Maturity | | :--- | :--- | :--- | :--- | :--- | | Floating rate debt | $970.6 million | 26.0% | 5.2% | 2.0 Years | | Fixed rate debt | $2.77 billion | 74.0% | 3.7% | 7.0 Years | | **Total Debt** | **$3.74 billion** | **100.0%** | **4.1%** | **5.7 Years** | - The company's debt is **91.2% unsecured**, and unencumbered real estate assets (at cost) cover unsecured debt by a ratio of **3.6x**[64](index=64&type=chunk) - Camden is in compliance with all debt covenants for its Unsecured Line of Credit and Senior Unsecured Notes, with actual performance significantly exceeding required thresholds[70](index=70&type=chunk)[71](index=71&type=chunk) [Supplemental Information](index=26&type=section&id=Supplemental%20Information) This section provides definitions for non-GAAP financial measures, reconciliations, and other key investor data [Non-GAAP Financial Measures & Reconciliations](index=26&type=section&id=CAMDEN%20NON-GAAP%20FINANCIAL%20MEASURES%20DEFINITIONS%20%26%20RECONCILIATIONS) This section defines and reconciles key non-GAAP metrics like FFO, Core FFO, NOI, and EBITDAre to GAAP net income - Provides definitions for key non-GAAP metrics including **Funds from Operations (FFO)**, **Core FFO**, **Net Operating Income (NOI)**, and **EBITDAre**, as well as reconciliations from these measures to Net Income[77](index=77&type=chunk)[78](index=78&type=chunk)[83](index=83&type=chunk)[85](index=85&type=chunk) Reconciliation of EPS to FFO and Core FFO Guidance (2025 Midpoint) | Per Diluted Share | 2025 Midpoint | | :--- | :--- | | Expected EPS - diluted | $1.16 | | Expected real estate depreciation and amortization | 5.45 | | Expected income allocated to non-controlling interests | 0.07 | | **Expected FFO per share - diluted** | **$6.68** | | Anticipated Adjustments to FFO | 0.10 | | **Expected Core FFO per share - diluted** | **$6.78** | [Other Definitions and Data](index=32&type=section&id=CAMDEN%20OTHER%20DEFINITIONS) This section clarifies operational terms, presents unsecured debt ratings, and details the Q1 2025 dividend payment - Provides definitions for key operational terms, including **Same Property Communities**, various lease rate metrics (**Effective**, **Signed**, **Blended**), and turnover calculations (**Gross**, **Net**)[92](index=92&type=chunk)[96](index=96&type=chunk)[98](index=98&type=chunk)[104](index=104&type=chunk) Unsecured Debt Ratings | Agency | Senior Debt | Outlook | Commercial Paper | | :--- | :--- | :--- | :--- | | Fitch | A- | Stable | NA | | Moody's | A3 | Stable | P-2 | | Standard & Poor's | A- | Stable | A-2 | - The Q1 2025 dividend was **$1.05 per share**, paid on April 17, 2025[111](index=111&type=chunk)

Group 1: Coca-Cola - Coca-Cola has a current dividend yield of 2.9%, which is more than double the S&P 500's yield of approximately 1.4% [4] - The company has a strong history of dividend payments, with a 5.2% increase earlier this year, marking its 63rd consecutive annual dividend increase [5] - Coca-Cola generated $10.8 billion in free cash flow last year, an 11% increase, allowing it to cover its dividend and repurchase $1.1 billion of its shares [6] - The company expects organic revenue growth of 4%-6% annually and high-single-digit earnings-per-share growth, supported by a strong balance sheet for potential acquisitions [7] Group 2: Camden Property Trust - Camden Property Trust has a dividend yield of 3.7% and has consistently paid dividends at or above the previous year's rate for over 15 years, increasing it by more than 130% during this period [8] - The REIT focuses on high-growth markets, driving demand for rental housing and maintaining high occupancy rates [9] - Camden is investing $744 million to develop 1,935 rental homes and has plans for additional investments of $667 million for 1,325 more homes, which will enhance rental income streams [10] Group 3: Vail Resorts - Vail Resorts has a dividend yield of 6.3% and has paid out $1.9 billion in dividends over the past decade, with steady increases except for a pause during the pandemic [11] - The company generates predictable revenue by converting skiers to its Epic Pass, achieving over 10% annual free cash flow growth [12] - Vail Resorts invests in enhancing its ski resorts and plans to acquire other high-quality resorts, which should support future dividend growth [13] Group 4: Investment Summary - Coca-Cola, Camden Property Trust, and Vail Resorts exhibit strong characteristics as dividend-paying stocks, with higher yields and a history of steady increases [14]

Core Viewpoint - Camden Property Trust (CPT) is expected to report a year-over-year increase in revenues and funds from operations (FFO) per share for the first quarter of 2025, with results anticipated on May 1, after market close [1] U.S. Apartment Market Overview - The first quarter of 2025 saw strong apartment demand, with over 138,000 market-rate apartment units absorbed nationally, marking the highest first-quarter demand on record in over three decades [4] - Annual absorption reached nearly 708,000 units, matching the demand boom from early 2022 [4] - Demand exceeded supply, with nearly 577,000 units delivered, indicating a potential peak in the construction cycle [5] - Occupancy rose to 95.2% in March, the highest since October 2022, and effective rents increased by 0.75% in March and 1.1% year-over-year, the highest since June 2023 [6] - Rent growth was broad-based across the nation's 50 largest apartment markets, with an average effective rent of $1,848 [6] Regional Performance - The Midwest and Rust Belt regions led annual rent gains, while high-supply Sun Belt metros like Austin and Phoenix experienced rent cuts but showed monthly rent growth in March [7] Factors Influencing Camden Property's Performance - Camden's performance is likely benefiting from healthy renter demand in high-growth markets, contributing to occupancy and blended lease rate growth [8] - The company operates in markets with growing employment in high-wage sectors and in-migration trends, making renting a viable option due to high homeownership costs [9] - Camden's diversification in urban and suburban markets is expected to drive stable revenues [9] - The company is leveraging technology and organizational capabilities to enhance operational efficiency and reduce costs, aiding net operating income (NOI) growth [10] Financial Projections - The Zacks Consensus Estimate for CPT's revenues for Q1 2025 is $388.5 million, reflecting a growth of 1.4% year-over-year [12] - Camden expects core FFO per share in the range of $1.66-$1.70, with the Zacks Consensus Estimate remaining unchanged at $1.68, indicating a 0.6% year-over-year improvement [13] Earnings Prediction - A positive Earnings ESP of +0.26% and a Zacks Rank of 3 suggest a potential surprise in FFO per share for CPT this quarter [14]

Camden Property Trust (CPT) is well-poised to gain from the healthy renter demand for its residential properties in the high-growth markets of the United States amid favorable demographic trends, a healthy job market and high homeownership costs. The company’s diversification efforts in urban and suburban markets are likely to drive stable revenues. CPT’s focus on leveraging technology to drive margin expansion is encouraging. A strong development pipeline backed by a healthy balance sheet position augurs w ...

Group 1 - Camden (CPT) shares increased by 4.9% to close at $111.71, following a notable trading volume, despite a 11.6% loss over the past four weeks [1] - The optimism in Camden's stock is linked to President Trump's announcement of a 90-day pause on reciprocal tariffs for most countries [1] - The expected quarterly funds from operation (FFO) for Camden is $1.68 per share, reflecting a year-over-year increase of 0.6%, with revenues projected at $388.5 million, up 1.4% from the previous year [2] Group 2 - The consensus estimate for Camden's FFO per share has been revised slightly lower in the last 30 days, indicating a negative trend that typically does not lead to price appreciation [3] - Camden holds a Zacks Rank of 3 (Hold), while Sun Communities (SUI), another stock in the same residential REIT industry, finished 5.9% higher at $121.41 but has a return of -11.7% over the past month [3] - Sun Communities' FFO per share estimate remains unchanged at $1.21, representing a year-over-year change of 1.7%, and it currently has a Zacks Rank of 4 (Sell) [4]

Group 1 - iREIT+HOYA Capital focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - The service offers a free two-week trial for potential investors to explore exclusive income-focused portfolios [1] Group 2 - Maintaining composure during market volatility can lead to significant long-term gains by purchasing above-average stocks at below-average prices [2] - The article emphasizes the importance of individual due diligence before making investment decisions [3]

Core Insights - Camden Property Trust (CPT) is a real estate investment trust (REIT) focused on multifamily properties, primarily apartment communities in major U.S. cities, owning approximately 60,800 apartment homes including those under construction [1] - The company grows through acquisitions and developments, enhancing property value via redevelopment efforts such as renovations and added amenities, which increase rental income [2] - Camden Property Trust is sensitive to interest rate fluctuations, typically performing well when rates fall and underperforming when rates rise, but is designed to generate steady rental income even in challenging economic conditions [3] Investment Potential - Camden Property Trust is considered an excellent income stock with a 3.5% dividend yield and a history of dividend increases, alongside strong potential for value creation through property appreciation and redevelopment [4] - Over the past 30 years, the stock has delivered a total return of 2,530%, outperforming the S&P 500 by approximately 650 percentage points, indicating strong long-term performance despite recent interest rate sensitivity [5] - The company presents a compelling long-term investment opportunity for income and growth, particularly in light of the ongoing housing shortage in the United States [6]