Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.

Company profile
Ticker
CPT
Exchange
Website
CEO
Richard Campo
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Camden Operating, L.P. • Camden USA, Inc. • Camden Development, Inc. • Camden Summit Partnership, L.P. ...
IRS number
766088377
CPT stock data
News

What 8 Analyst Ratings Have To Say About Camden Prop Trust
1 Aug 22
RBC Capital Maintains Outperform on Camden Prop Trust, Raises Price Target to $155
1 Aug 22
Camden Prop Trust Q2 AFFO $1.44 Beats $0.55 Estimate, Sales $361.72M Beat $343.54M Estimate
28 Jul 22
Earnings Scheduled For July 28, 2022
28 Jul 22
Jim Cramer's REIT Picks From April Reveal Alarming Truth
21 Jul 22
Press releases
Camden Property Trust Announces Second Quarter 2022 Operating Results
28 Jul 22
Camden Property Trust Announces Second Quarter 2022 Earnings Release and Conference Call Dates
6 Jul 22
Camden Property Trust Announces Second Quarter 2022 Dividend
15 Jun 22
Camden Property Trust Announces Participation in Nareit's REITweek 2022 Investor Conference and Provides Second Quarter 2022 Operating Update
6 Jun 22
Analyst ratings and price targets
Current price
Average target
$157.00
Low target
$142.00
High target
$174.00
RBC Capital
Maintains
$155.00
Piper Sandler
Maintains
$155.00
Mizuho
Maintains
$142.00
Truist Securities
Maintains
$149.00
Baird
Maintains
$153.00
Scotiabank
Maintains
$171.00
Calendar
29 Jul 22
9 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 78.66M | 78.66M | 78.66M | 78.66M | 78.66M | 78.66M |
Cash burn (monthly) | 352.28M | 25.06M | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 473.01M | 33.64M | n/a | n/a | n/a | n/a |
Cash remaining | -394.35M | 45.02M | n/a | n/a | n/a | n/a |
Runway (months of cash) | -1.1 | 1.8 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
12 May 22 | Brunner Heather J. | Common Shares | Grant | Acquire A | No | No | 0 | 1,527 | 0 | 10,751 |
12 May 22 | Gibson Mark | Common Shares | Grant | Acquire A | No | No | 0 | 1,527 | 0 | 5,892 |
12 May 22 | Ingraham Scott S | Common Shares | Grant | Acquire A | No | No | 0 | 1,527 | 0 | 55,898 |
12 May 22 | Webster Steven A | Common Shares | Grant | Acquire A | No | No | 0 | 1,527 | 0 | 111,096 |
12 May 22 | Sevilla-Sacasa Frances Aldrich | Common Shares | Grant | Acquire A | No | No | 0 | 1,527 | 0 | 19,917 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 509 |
Opened positions | 64 |
Closed positions | 51 |
Increased positions | 196 |
Reduced positions | 168 |
13F shares | Current |
---|---|
Total value | 18.48B |
Total shares | 97.05M |
Total puts | 52.6K |
Total calls | 43.9K |
Total put/call ratio | 1.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 14.96M | $2.49B |
BLK Blackrock | 12.44M | $2.07B |
CNS Cohen & Steers | 7.34M | $1.22B |
STT State Street | 6.07M | $1.01B |
JPM JPMorgan Chase & Co. | 3.67M | $609.48M |
TROW T. Rowe Price | 2.09M | $347.54M |
GS Goldman Sachs | 2.07M | $344.01M |
Victory Capital Management | 1.83M | $304.25M |
IVZ Invesco | 1.69M | $281.65M |
Geode Capital Management | 1.61M | $267.55M |
Financial report summary
?Risks
- Volatility in capital and credit markets, or other unfavorable changes in economic conditions, either nationally or regionally in one or more of the markets in which we operate, could adversely impact us.
- Short-term leases could expose us to the effects of declining market rents.
- Competition could limit our ability to lease apartments or increase or maintain rental income.
- We could be negatively impacted by the risks associated with land holdings and related activities.
- Development, repositions, redevelopment and construction risks could impact our profitability.
- We could be impacted by our investments through joint ventures and investment funds which involve risks not present in investments in which we are the sole investor.
- Our acquisition strategy may not produce the cash flows expected.
- Failure to qualify as a REIT could have adverse consequences.
- Tax laws may continue to change at any time and any such legislative or other actions could have a negative effect on us.
- A cybersecurity incident and other technology disruptions could negatively impact our business.
- We have significant debt, which could have adverse consequences.
- Insufficient cash flows could limit our ability to make required payments for debt obligations or pay distributions to shareholders.
- Issuances of additional debt may adversely impact our financial condition.
- We may be unable to renew, repay, or refinance our outstanding debt.
- Failure to maintain our current credit ratings could adversely affect our cost of funds, related margins, liquidity, and access to capital markets.
- We may be adversely affected by the phase out of LIBOR.
- Share ownership limits and our ability to issue additional equity securities may prevent takeovers beneficial to shareholders.
- The form, timing and amount of dividend distributions in future periods may vary and be impacted by economic and other considerations.
- Competition could adversely affect our ability to acquire properties.
- Litigation risks could affect our business.
- Damage from catastrophic weather and other natural events could result in losses.
- We could be adversely impacted due to our share price fluctuations.
Management Discussion
- Changes in revenues and expenses related to our operating properties from period to period are due primarily to the performance of stabilized properties in the portfolio, the lease-up of newly constructed properties, and the impact of acquisitions, and dispositions. Selected weighted averages for the three and six months ended June 30, 2022 and 2021 are as follows:
- Management considers property net operating income ("NOI") to be an appropriate supplemental measure of operating performance to net income because it reflects the operating performance of our communities without an allocation of corporate level property management overhead or general and administrative costs. We define NOI as property revenue less property operating and maintenance expenses less real estate taxes. NOI is further detailed in the Property-Level NOI table as seen below. NOI is not defined by accounting principles generally accepted in the United States of America ("GAAP") and should not be considered an alternative to net income as an indication of our operating performance. Additionally, NOI as disclosed by other REITs may not be comparable to our calculation.
- * Not a meaningful percentage.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
centralizing, made, master, ranging, remeasured, remeasurement, workforce
Removed:
Initial, occupancy, occur, principally
Financial reports
Current reports
8-K
Camden Property Trust Announces Second Quarter 2022 Operating Results
28 Jul 22
8-K
Entry into a Material Definitive Agreement
16 May 22
8-K
Submission of Matters to a Vote of Security Holders
12 May 22
8-K
Camden Property Trust Announces First Quarter 2022 Operating Results
28 Apr 22
8-K
Entry into a Material Definitive Agreement
12 Apr 22
8-K
Camden Property Trust Announces Acquisition of
18 Mar 22
8-K
2022 Financial Outlook, and First Quarter 2022 Dividend
3 Feb 22
8-K
Camden Property Trust Appoints Javier E. Benito to Board of Trust Managers
2 Feb 22
8-K
Entry into a Material Definitive Agreement
6 Jan 22
8-K
Departure of Directors or Certain Officers
1 Nov 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
13 May 22
424B5
Prospectus supplement for primary offering
11 Apr 22
424B3
Prospectus supplement
7 Apr 22
424B5
Prospectus supplement for primary offering
2 Aug 21
424B3
Prospectus supplement
22 Feb 21
424B5
Prospectus supplement for primary offering
4 Jun 20
S-3ASR
Automatic shelf registration
14 May 20
424B5
Prospectus supplement for primary offering
17 Apr 20
FWP
Free writing prospectus
16 Apr 20
424B3
Prospectus supplement
16 Apr 20
Other
UPLOAD
Letter from SEC
19 Sep 18
CORRESP
Correspondence with SEC
16 Sep 18
UPLOAD
Letter from SEC
11 Sep 18
UPLOAD
Letter from SEC
13 Jun 16
CORRESP
Correspondence with SEC
7 Jun 16
UPLOAD
Letter from SEC
30 May 16
UPLOAD
Letter from SEC
29 Jun 15
CORRESP
Correspondence with SEC
2 Jun 15
UPLOAD
Letter from SEC
25 May 15
EFFECT
Notice of effectiveness
5 Mar 15
Ownership
4
CAMDEN PROPERTY TRUST / Renu Khator ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / KELVIN R WESTBROOK ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / STEVEN A WEBSTER ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / Frances Aldrich Sevilla-Sacasa ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / SCOTT S INGRAHAM ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / Mark Gibson ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / Heather J. Brunner ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / Javier Benito ownership change
16 May 22
4
CAMDEN PROPERTY TRUST / Heather J. Brunner ownership change
28 Feb 22
4
CAMDEN PROPERTY TRUST / Michael P Gallagher ownership change
18 Feb 22
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
4 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
30 Jul 21
2021 Q1
Earnings call transcript
30 Apr 21
2020 Q4
Earnings call transcript
5 Feb 21
2020 Q3
Earnings call transcript
30 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
8 May 20
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