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Camden Property Trust - CPT STOCK NEWS

Welcome to our dedicated page for Camden Property Trust news (Ticker: CPT), a resource for investors and traders seeking the latest updates and insights on Camden Property Trust stock.

Camden Property Trust (NYSE: CPT) is a pioneering real estate investment trust (REIT) specializing in the acquisition, development, and management of multifamily apartment communities across the United States. Camden’s extensive portfolio primarily includes properties located in high-growth regions such as the Sun Belt, with significant market presence in cities like Houston, Dallas, Las Vegas, and Atlanta.

Established to provide quality living spaces and exceptional customer service, Camden Property Trust focuses on short-term leasing agreements, which form the bulk of its revenue. The company’s primary revenue streams come from metropolitan areas including Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida.

Recently, the company has been recognized by Fortune® magazine as one of the '100 Best Companies to Work For,' making it the only multifamily company to achieve this honor. This accolade underscores Camden’s commitment to its employees and its dynamic work culture. The company offers extensive professional development opportunities for its associates, including training programs, mentoring, networking events, committee opportunities, community service, and team-building activities.

Camden's core values center on people and community, fostering an environment that promotes both personal and collective growth. This approach not only benefits employees but also strengthens the company's market position, making it a leader in the multifamily housing industry.

Financially, Camden Property Trust remains robust, with consistent revenue from its well-occupied properties and a forward-looking strategy that includes ongoing development projects. These projects aim to expand Camden’s footprint in existing markets and explore new opportunities in emerging urban areas.

Partnerships and innovative projects are also key components of Camden's strategy, as the company continues to adapt to market demands and tenant preferences, ensuring long-term growth and sustainability.

  • Camden Property Trust headquarters: Houston, Texas
  • Significant markets: Houston, Dallas, Las Vegas, Atlanta
  • Notable recognition: Fortune® magazine’s '100 Best Companies to Work For'
  • Core business: Multifamily apartment communities
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Camden Property Trust (NYSE:CPT) has announced the release of its second quarter 2024 earnings report on August 1, 2024, after market close. The company will hold a conference call on August 2, 2024, at 10:00 AM Central Time to discuss the results. Interested parties are encouraged to join via webcast for a comprehensive view of the presentation. Camden Property Trust, an S&P 500 company, focuses on the ownership, management, development, and acquisition of multifamily apartment communities, currently operating 171 properties with 58,061 apartment homes across the United States. The ongoing development of 4 properties will expand their portfolio to 59,227 homes in 175 properties. Camden has consistently been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 17 years, most recently ranking #24.

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Camden Property Trust (NYSE:CPT) announced a second-quarter dividend of $1.03 per share for shareholders of record as of June 28, 2024. The dividend will be paid on July 17, 2024. Camden owns and manages 171 properties with 58,061 apartment homes across the U.S., and this will increase to 59,227 homes upon completing four properties under development. The company has been listed among FORTUNE magazine's 100 Best Companies to Work For® for 17 years, ranking #24 most recently.

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Camden Property Trust (NYSE: CPT) announced its participation in Nareit’s REITweek 2024 Investor Conference from June 3-6, 2024, in Houston. The company also shared its second-quarter 2024 operating update.

Key statistics include same property occupancy rates of 95.2% for both April and May 2024. New lease rates showed a slight decline, decreasing by 1.8% in May 2024, while renewal rates increased to 3.9% during the same period.

Effective average rates for new leases dropped by 2.4% in May 2024, and renewal rates decreased to 3.1%. Blended rates showed no change in May 2024.

Camden owns and operates 171 properties with 58,061 apartment homes across the U.S. Four developments underway will bring the total to 59,227 homes in 175 properties. Camden has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 17 years, ranking #24 in 2024.

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Camden Property Trust (NYSE:CPT) announced its first quarter 2024 operating results, reporting strong performance with EPS at $0.77, FFO at $1.67, Core FFO at $1.70, and Core AFFO at $1.50 per diluted share. Revenue and expenses grew by 2.5% and 2.9%, respectively. The company revised its 2024 outlook, maintaining full-year guidance of $6.74 per share for Core FFO. Camden completed lease-up at Camden NoDa, disposed of a community in Atlanta, and issued $400 million of senior unsecured notes. Liquidity analysis revealed nearly $1.3 billion in liquidity. The company repurchased $45.7 million worth of common shares during the quarter, with $454.3 million remaining under its stock repurchase program.

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Camden Property Trust (NYSE:CPT) announced executive changes, appointing D. Keith Oden as Executive Vice Chairman of the Board and President, Alex J. Jessett as President and Chief Financial Officer, and Ben Fraker as Senior Vice President-Finance and Treasurer. The changes aim to enhance corporate governance and succession planning.
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Camden Property Trust (CPT) has been ranked 24th on Fortune's 100 Best Companies to Work For list, marking its 17th consecutive year on the list. The company's dedication to creating a positive work environment for its 1,640 associates has been recognized. Camden also ranked 1st in Best Workplace in Real Estate™ and 3rd in Best Workplace in Texas™ in 2023.
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Camden Property Trust (NYSE:CPT) announced the release of its first quarter 2024 earnings on May 2, 2024, with a conference call scheduled for May 3, 2024. The company owns and operates multifamily apartment communities across the US, with plans for further expansion. Camden has a strong reputation and is listed as one of the 100 Best Companies to Work For® by FORTUNE magazine.
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Camden Property Trust (CPT) to participate in Citi's 2024 Global Property CEO Conference. Company implements marketing initiative to boost occupancy. Operating statistics show improvement in bad debt and leasing rates.
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Camden Property Trust (NYSE:CPT) announced operating results for the three and twelve months ended December 31, 2023. The company reported a significant increase in EPS and FFO compared to the previous year. Revenues saw a 2.6% increase, while expenses rose by 7.7%. The company disposed of a property in Costa Mesa, CA for approximately $232.0 million and recognized a gain of approximately $176.4 million. The company also issued $500 million senior unsecured notes due 2026 and $400 million senior unsecured notes due 2034. Camden had over $1.4 billion of liquidity as of December 31, 2023. The company provided initial earnings guidance for 2024 and declared a first quarter 2024 dividend of $1.03 per common share.
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Camden Property Trust (NYSE:CPT) has announced the income tax characteristics of its 2023 distributions paid to shareholders, providing detailed information on the total distribution per share, ordinary taxable dividends, qualified dividends, long-term capital gain, and other relevant tax-related details.
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FAQ

What is Camden Property Trust?

Camden Property Trust is a real estate investment trust specializing in the acquisition, development, and management of multifamily apartment communities across the United States.

Where is Camden Property Trust headquartered?

Camden Property Trust is headquartered in Houston, Texas.

Where are Camden’s key markets located?

Camden’s key markets include Houston, Dallas, Las Vegas, and Atlanta.

How does Camden Property Trust generate revenue?

Camden generates revenue primarily through short-term leasing agreements for multifamily apartments in metropolitan areas.

What recent achievements has Camden Property Trust received?

Camden was recognized by Fortune® magazine as one of the '100 Best Companies to Work For,' making it the only multifamily company on the list.

What are the core values of Camden Property Trust?

Camden’s core values include a focus on people, community, professional development, and creating an engaging work environment.

What kind of professional development does Camden offer its employees?

Camden offers training programs, mentoring, networking opportunities, committee involvement, community service, and team events.

How does Camden Property Trust contribute to its employees' growth?

Camden prioritizes the growth of its employees through extensive professional development opportunities and a supportive work culture.

What is Camden’s strategy for future growth?

Camden’s growth strategy includes ongoing development projects to expand its footprint in current markets and explore new opportunities.

How does Camden Property Trust adapt to market demands?

Camden adapts to market demands through partnerships, innovative projects, and by staying responsive to tenant preferences.

Camden Property Trust

NYSE:CPT

CPT Rankings

CPT Stock Data

12.00B
106.54M
1.5%
98.73%
3.28%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
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United States of America
HOUSTON