Camden (CPT) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Camden (CPT) reported revenue of $387.23 million for the quarter ended September 2024, reflecting a year-over-year decline of 0.9% and a surprise of -0.50% compared to the Zacks Consensus Estimate of $389.19 million [1] - The earnings per share (EPS) for the same period was $1.71, compared to $0.44 a year ago, with an EPS surprise of +1.79% against the consensus estimate of $1.68 [1] Revenue and Earnings Performance - Rental revenues amounted to $344.90 million, which is a -0.8% change compared to the year-ago quarter and below the average estimate of $389.21 million from eight analysts [3] - Net earnings per share (diluted) were reported at -$0.04, significantly lower than the average estimate of $0.34 from seven analysts [3] - Non-property income from interest and other sources was $1.08 million, slightly above the average estimate of $1.02 million based on six analysts [3] - Non-property income from fee and asset management reached $1.71 million, slightly exceeding the six-analyst average estimate of $1.69 million [3] - Total non-property income was reported at $11.03 million, significantly higher than the three-analyst average estimate of $3.95 million [3] - Income on deferred compensation plans was $8.25 million, well above the two-analyst average estimate of $2 million [3] Stock Performance - Camden's shares have returned -4.1% over the past month, contrasting with the Zacks S&P 500 composite's +1% change [4] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for outperformance in the near term [4]