Camden Ppty Tr Stock Price, News & Analysis

Camden Property Trust (NYSE:CPT) reported its operating results for Q3 and the first nine months of 2022. Net income attributable to common shareholders was $0.27 per diluted share for Q3, down from $0.29 in 2021, while EPS for nine months was $5.62 compared to $0.90 in 2021. Funds from Operations (FFO) reached $1.70 per share for Q3, up from $1.36, and $4.85 for nine months, an increase from $3.88. Same property revenues grew 11.7% year-over-year. Camden also updated its earnings guidance for 2022, expecting EPS between $5.98 and $6.02.

Camden Property Trust (NYSE:CPT) has announced an anticipated expense of approximately $1.0 million due to Hurricane Ian, expected in Q3 2022. These costs will primarily cover cleanup and repairs for water intrusion, roofing, and landscaping at their apartment communities in Florida and North Carolina. An update to the full-year 2022 earnings guidance will follow the Q3 earnings release, scheduled for late October 2022. Camden operates 171 properties with a total of 58,425 apartment homes across the United States.

Camden Property Trust (NYSE:CPT) will release its third quarter 2022 earnings after market close on October 27, 2022. A conference call for analysts and investors will be held on October 28, 2022, at 10:00 AM Central Time. Interested participants can join via webcast or through designated domestic and international dial-in numbers. Camden, recognized as one of the 100 Best Companies to Work For® for 15 consecutive years, operates 171 properties with a total of 58,425 apartment homes in the U.S. The portfolio will expand to 60,267 homes after completing 5 properties under development.

Camden Property Trust (NYSE:CPT) reported minimal damage to its Florida apartment communities due to Hurricane Ian. The company will update stakeholders if circumstances change significantly. Camden operates 171 properties with 58,425 apartment homes, set to expand to 176 properties and 60,267 homes upon completing 5 developments. Recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 15 years, Camden continues to demonstrate stability and commitment to its workforce.

The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared a $0.94 cash dividend per share for Q3 2022. This dividend is payable on October 17, 2022 to stockholders on record as of September 30, 2022. Camden Property Trust, a key player in the multifamily real estate sector, operates 171 properties with 58,425 apartment homes across the U.S. Following the completion of five ongoing developments, the portfolio will expand to 60,267 homes. The company has been recognized as one of the 100 Best Companies to Work For by FORTUNE for 15 consecutive years.

Camden Property Trust (NYSE:CPT) announced participation in the Bank of America Securities 2022 Global Real Estate Conference on September 13-14, 2022, with a presentation scheduled for 2:55 PM ET on September 13. The event will be webcast live on Camden's website. The company reported a same property occupancy rate of 96.9% as of 2Q22, with new lease rates increasing by 16.2%. Camden is recognized as one of the 100 Best Companies to Work For® by Fortune magazine, ranking #26 in its latest list.

Camden Property Trust (NYSE:CPT) reported strong financial results for Q2 and the first half of 2022, with EPS at $4.54 and $5.37 respectively. Funds from Operations (FFO) showed growth, reaching $1.64 per share for Q2 and $3.14 year-to-date. Revenue increased by 12.1% year-over-year, while expenses rose by only 4.7%. The occupancy rate remained stable at 96.9%. The company also made significant acquisitions, including interests in discretionary funds worth approximately $1.1 billion, enhancing its portfolio of 7,247 homes. Camden issued 2.9 million shares, raising around $490.3 million to reduce debt.

Camden Property Trust (NYSE:CPT) will release its second quarter 2022 earnings on July 28, 2022, after market close. A conference call is scheduled for July 29, 2022 at 10:00 AM CT. Interested parties are encouraged to join via webcast for visual aids. Camden operates 170 properties with 58,055 apartment homes across the U.S. Following the completion of 5 new properties, the total will rise to 59,828 homes in 175 properties. Camden has been recognized as one of the 100 Best Companies to Work For by FORTUNE for 15 consecutive years, ranking #26.

The Board of Trust Managers of Camden Property Trust (CPT) declared a second quarter cash dividend of $0.94 per share, payable to shareholders of record as of June 30, 2022. The payment date is set for July 15, 2022. Camden operates 170 properties with a total of 58,055 apartment homes across the United States. The company is engaged in various aspects of real estate, including acquisition and development, and is recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for the last 15 years, currently ranking #26.