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 issues updates as a multifamily real estate investment trust focused on the ownership, management, development, redevelopment, acquisition and construction of apartment communities across the United States. Company news commonly covers operating results measured through EPS, FFO, Core FFO and Core AFFO, as well as portfolio activity, development funding, liquidity under its unsecured credit facility and commercial paper program, and real estate capital markets activity.
Recurring announcements also include dividend actions, tax characteristics of distributions, earnings-call schedules, investor conference materials, senior leadership changes and governance-related updates for the company’s common shares traded under CPT.
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Camden Property Trust (NYSE:CPT) announced that its first quarter 2023 earnings will be released on April 27, 2023, after market close. A conference call is scheduled for April 28, 2023, at 10:00 AM Central Time. Investors can join via a domestic dial-in number or an international line, with a passcode required for access. The conference call replay will be available until May 12, 2023. Camden operates 172 properties with 58,702 apartment homes in the U.S., and plans to expand its portfolio to 178 properties and 60,652 homes as it completes six ongoing developments. The company has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For® for 16 consecutive years, ranking #33 most recently.
Camden Property Trust (NYSE:CPT) will participate in Citi’s 2023 Global Property CEO Conference on March 7, 2023, at 2:20 PM ET. The event will be available via live webcast at camdenliving.com. For Q1 2023, same property occupancy remains steady at 95.3%. New lease rates averaged 2.1% and renewal rates at 6.9%. The blended rate stands at 4.2%. Camden operates 172 properties with 58,702 apartment homes and is developing 6 additional properties to expand its portfolio to 60,652 apartment homes.
Camden Property Trust (NYSE:CPT) reported Q4 and full-year 2022 results, revealing EPS of $0.42 for Q4 and $6.04 for the year. Funds from Operations (FFO) rose to $1.74 in Q4 and $6.59 overall, while Adjusted FFO (AFFO) reached $1.48 for Q4 and $5.76 for the year. Revenues showed a 9.9% year-over-year increase, with Net Operating Income (NOI) up by 10.9%. Occupancy dipped to 95.8% in Q4 from 97.1% a year prior. The Board declared a $1.00 dividend per share, payable on April 17, 2023. Initial earnings guidance for Q1 2023 suggests an EPS range of $0.36 - $0.40.