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Camden Property Trust - CPT STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Camden Property Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Camden Property Trust's position in the market.

Rhea-AI Summary
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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End-of-Day
0.98%
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earnings
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
1.07%
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dividends earnings
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
Camden Property Trust (NYSE:CPT) announced the release of its Q4 2023 earnings on February 1, 2024, followed by a conference call on February 2, 2024. The company encourages participation via webcast and provides dial-in details for accredited analysts and investors. Camden is an S&P 500 Company engaged in real estate, owning and managing 172 properties with 58,634 apartment homes. For 16 years, it has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.11%
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earnings
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Rhea-AI Summary
Camden Property Trust (CPT) announces pricing of $400 million senior unsecured notes offering. The 10-year notes were issued at 99.638% of par value with a coupon of 4.900%. Camden expects to use the net proceeds of approximately $394.8 million to repay outstanding balance on its $300 million unsecured term loan and for general corporate purposes.
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Rhea-AI Summary
Camden Property Trust (NYSE:CPT) declares a fourth quarter cash dividend of $1.00 per share, to be paid on January 17, 2024. The company owns and operates 172 properties with 58,961 apartment homes across the US, with plans to increase to 60,514 apartment homes in 177 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 16 consecutive years, most recently ranking #33.
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dividends earnings
Rhea-AI Summary
Camden Property Trust has closed the offering of $500 million senior unsecured notes due 2026. The notes were issued at 99.997% of par value with a coupon of 5.850%. The effective interest rate on the notes is 6.08% per annum. Camden also initiated a forward interest rate swap agreement with an aggregate notional amount of $500 million.
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Rhea-AI Summary
Camden Property Trust has priced a $500 million offering of senior unsecured notes. The notes have a coupon of 5.850% and will mature on November 3, 2026. The net proceeds of approximately $496.9 million will be used to repay a portion of the outstanding balance on its unsecured revolving credit facility and for general corporate purposes. Settlement is scheduled for November 3, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.24%
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Rhea-AI Summary
Camden Property Trust (NYSE:CPT) announced its operating results for Q3 2023. Net Income Attributable to Common Shareholders (EPS) was $0.44 per diluted share, FFO was $1.73 per diluted share, Core FFO was $1.73 per diluted share, and Core AFFO was $1.49 per diluted share. Revenues increased by 4.1% and expenses increased by 5.3% compared to Q3 2022. Occupancy decreased to 95.6% from 96.6% in Q3 2022. The company adjusted its full-year 2023 outlook for higher delinquencies, slightly lower occupancy, and rent growth. Camden had approximately $739.8 million of liquidity as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.55%
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earnings
Rhea-AI Summary
Camden Property Trust announces Q3 2023 earnings release date and conference call details
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Rhea-AI Sentiment
End-of-Day
0.54%
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earnings
Camden Property Trust

NYSE:CPT

CPT Rankings

CPT Stock Data

10.51B
105.39M
1.47%
96.36%
2.88%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
Link
US
Houston

About CPT

our culture, our way of life, the camden way camden is recognized by fortune® magazine as one of the "100 best companies to work for" in the country! we are the only multifamily company to ever be included on fortune's famous list . continuously motivated by our core values, camden’s dynamic culture is at the heart of our success, and at the heart of our culture are our people. within camden our highest priority is the successful growth of every camden associate, as that is the foundation for building focused, effective teams and creating an exciting and impactful work environment. we offer exceptional benefits geared toward each employee’s professional development, which includes training programs, mentoring, networking, committee opportunities, community service and team events. our engagement with our employees in addition to our shared values (including our commitment to fun!) directly affects our success, making camden an industry leader and one of the nation’s best employers .