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CPT Camden Property Trust

Camden Property Trust operates as a real estate investment trust, which engages in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It focuses on maintaining a geographically portfolio of apartment homes located across the U.S. The company was founded by Richard J. Campo and D. Keith Oden on May 25, 1993 and is headquartered in Houston, TX.

CPT stock data

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Calendar

18 Feb 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 424.53M 424.53M 424.53M 424.53M 424.53M 424.53M
Cash burn (monthly) 56.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 193.58M n/a n/a n/a n/a n/a
Cash remaining 230.95M n/a n/a n/a n/a n/a
Runway (months of cash) 4.1 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Mar 21 Paulsen William F Common Shares Sell Dispose S Yes No 108.57 5,500 597.14K 10,700
15 Mar 21 Paulsen William F Common Shares Sell Dispose S Yes No 110.26 5,500 606.43K 16,200
18 Feb 21 D Keith Oden Common Shares Grant Aquire A No No 0 19,349 0 308,689
18 Feb 21 H Malcolm Stewart Common Shares Grant Aquire A No No 0 17,714 0 161,985
18 Feb 21 Alexander J. Jessett Common Shares Grant Aquire A No No 0 13,934 0 97,250

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 401 387 +3.6%
Opened positions 51 38 +34.2%
Closed positions 37 46 -19.6%
Increased positions 124 130 -4.6%
Reduced positions 166 154 +7.8%
13F shares
Current Prev Q Change
Total value 9.35B 8.2B +14.0%
Total shares 93.35M 91.97M +1.5%
Total puts 42.9K 185.8K -76.9%
Total calls 30.8K 37.1K -17.0%
Total put/call ratio 1.4 5.0 -72.2%
Largest owners
Shares Value Change
Vanguard 13.68M $1.37B +0.4%
BLK Blackrock 11.85M $1.18B -10.0%
STT State Street 4.93M $496.67M -0.8%
JPM JPMorgan Chase & Co. 4.37M $436.25M +2.1%
PFG Principal Financial Group Inc - Registered Shares 2.96M $295.72M +4.2%
Capital World Investors 2.58M $257.82M 0.0%
TROW T. Rowe Price 2.2M $219.46M -1.0%
Wellington Management 1.99M $198.99M +12.4%
Alliancebernstein 1.59M $158.46M -2.9%
Dimensional Fund Advisors 1.58M $157.55M +0.2%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 11.85M -1.31M -10.0%
Starwood Capital Group Management, L.L.C. 1.3M +1.3M NEW
Norges Bank 901.76K +901.76K NEW
Nuveen Asset Management 528.93K -790.98K -59.9%
PGGM Investments 676.4K +676.4K NEW
Millennium Management 569.25K +536.29K +1627.2%
CMTDF Sumitomo Mitsui Trust 502.64K -421.56K -45.6%
Angelo Gordon & Co. 881.61K +387.89K +78.6%
Waterfront Capital Partners 524.29K +296.19K +129.8%
JHG Janus Henderson 574.93K -290.49K -33.6%

Financial report summary

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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 expose us to the effects of declining market rents.
  • Competition could limit our ability to lease apartments or increase or maintain rental income.
  • We face risks associated with land holdings and related activities.
  • Development, redevelopment and construction risks could impact our profitability.
  • Investments through joint ventures and investment funds 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.
  • 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 changes in LIBOR reporting practices or the method in which LIBOR is determined.
  • 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.
  • Damage from catastrophic weather and other natural events could result in losses.
  • Our share price will fluctuate.
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, acquisitions, and dispositions. Where appropriate, comparisons of income and expense for communities included in continuing operations are made on a dollars-per-weighted average apartment home basis in order to adjust for such changes in the number of apartment homes owned during each period. Selected weighted averages for the years ended December 31 are as follows:
  • (1)Average monthly property revenue per apartment home for the year ended December 31, 2020, includes approximately $9.1 million of Resident Relief Funds paid to residents at our wholly-owned communities who have experienced financial losses caused by COVID-19 and was recorded as a reduction to property revenues.
  • (2)Annualized total property expenses per apartment home includes approximately $4.5 million of directly-related COVID-19 expenses incurred at our operating properties for the year ended December 31, 2020.
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