Company Description
Camden Property Trust (NYSE: CPT) is a real estate company and S&P 500 constituent that focuses on the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Classified in the real estate and rental and leasing sector as a lessor of residential buildings and dwellings, the trust concentrates on apartment homes across the United States.
According to the company’s public disclosures, Camden owns and operates a large portfolio of multifamily properties. Recent company descriptions state that Camden owns and operates more than 170 properties and tens of thousands of apartment homes across the United States, with additional properties under development that are expected to increase the total number of apartment homes and communities in its portfolio. These communities form the core income-producing assets of the trust.
As a real estate investment trust (REIT), Camden’s activities are centered on multifamily communities. Its business model emphasizes acquiring, developing, and operating apartment properties and, where appropriate, repositioning or redeveloping existing communities. The trust’s operating results are influenced by factors such as occupancy levels, property revenues, property operating and maintenance expenses, real estate taxes, and development and disposition activity, as reflected in its periodic financial results.
Camden’s financial reporting highlights metrics commonly used in the REIT sector, including Funds from Operations (FFO), Core Funds from Operations (Core FFO), and Core Adjusted Funds from Operations (Core AFFO). These measures, which are reconciled from net income in the company’s earnings releases, are used by management and investors to evaluate performance of the multifamily property portfolio beyond traditional net income figures.
In addition to owning and operating stabilized communities, Camden is active in development and redevelopment. Company updates describe communities in various stages of construction and lease-up, as well as acquisitions of operating properties and dispositions of selected assets. These activities can result in gains on sale of operating properties and ongoing funding needs for the development pipeline, both of which are discussed in Camden’s operating results and liquidity analyses.
Camden’s common shares of beneficial interest trade on the New York Stock Exchange under the ticker CPT. The company has also announced a dual listing of its common stock on NYSE Texas, while maintaining its primary listing on the New York Stock Exchange. Its status as an S&P 500 company underscores that it is a large-cap issuer within the U.S. equity markets.
Camden has reported that it has been recognized by FORTUNE magazine as one of the 100 Best Companies to Work For for many consecutive years. This recognition is noted in multiple company communications and is presented as part of its corporate profile.
Investors evaluating Camden Property Trust typically focus on the performance of its multifamily apartment portfolio, trends in same-property revenues and expenses, net operating income, occupancy, and the scale and progress of its development and redevelopment activities. The company’s periodic press releases and SEC filings provide additional detail on its operating results, capital allocation decisions, and property-level activity.
Business Focus
Camden describes itself as being primarily engaged in:
- Ownership and operation of multifamily apartment communities
- Management of its apartment properties and related activities
- Development and construction of new multifamily communities
- Redevelopment and repositioning of existing communities
- Acquisition and disposition of multifamily properties
These activities are all directed toward building and managing a portfolio of apartment homes across the United States.
Scale and Portfolio
In its recent public statements, Camden has reported ownership or operation of more than 170 multifamily properties and tens of thousands of apartment homes across the United States, with several additional communities under development. The company periodically updates the exact number of properties and apartment homes as it completes development projects, acquires communities, or disposes of assets.
Stock and Investor Profile
Camden’s common shares are listed on the New York Stock Exchange under the symbol CPT, and the company has also announced a dual listing on NYSE Texas. As an S&P 500 company, Camden is followed by institutional and individual investors who analyze its earnings releases, dividend declarations, and operating updates to assess the performance of its multifamily real estate portfolio.
Recognition
Camden has stated that it has been named one of the 100 Best Companies to Work For by FORTUNE magazine for 18 consecutive years, most recently with a ranking of #18. This recognition is highlighted in multiple company press releases as part of its corporate profile.