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Camden Property Trust

CPT Real Estate Reit Residential

Camden Property Trust’s revenue for fiscal 2025 (year ended December 2025) was $1.6 billion, up 1.92% from fiscal 2024.

Revenue
−0.90%
EPS
−75.7%
Free cash flow
−1,195.6%
Total debt
+26.7%

Quarter to June 2026, against a year earlier

101.93 1.78 −1.72%
Market cap
$14.0B
P/E
34.2×
Fwd P/E
66.4×
Dividend yield
4.09%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Insider Decisions last twelve months

Sold, $m 9.61
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 7 2 — — — 1 — — — — —
Insider Ownership 4.39%

Capital & Financial Ratios $m

Size
Market Cap 14,030.00
Revenue ttm 1,568.19
Net income ttm 336.62
Free cash flow ttm 174.65
Net debt Q 4,792.89
Valuation
P/E 34.22
Forward P/E 66.40 (above 35: high)
Price / sales 6.74
Forward P/S Powerpack
Price / FCF 60.56
Price / book 2.73
Financial health
Current ratio Q 0.18
Debt / equity Q 1.25
Interest coverage Q 1.16
Growth
Revenue growth Q −0.90% (below 0%: shrinking)
Operating income growth Q −23.94% (below 0%: shrinking)
EPS, this year −71.93% (below 0%: weak)
EPS, next year A −10.14% (below 0%: weak)
Revenue, next year A −1.50% (below 0%: weak)
EPS, past 5 yrs +23.34% (at or above 15%: strong)
EPS, next 5 yrs A −28.09% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 9.8×, against a ten-year median of 11.2×; over the ten years it ranged from 8.4× in 2023 to 18.2× in 2021.
P/E against its own 10 years 35.64%
10-year low 10-year high
P/S against its own 10 years 4.47%
10-year low 10-year high
P/B against its own 10 years 69.01%
10-year low 10-year high
EV/Sales against its own 10 years 13.20%
10-year low 10-year high
EV/FCF against its own 10 years 63.88%
10-year low 10-year high

Dividends raised every year since 2017

Yield
4.09%
Annual rate
4.23
Payout ratio
140.1%
Growth, 2017–25
+4.30%/yr
  1. 3.00 ’17
  2. 3.08 ’18 +3
  3. 3.20 ’19 +4
  4. 3.32 ’20 +4
  5. 3.45 ’21 +4
  6. 3.76 ’22 +9
  7. 4.00 ’23 +6
  8. 4.12 ’24 +3
  9. 4.20 ’25 +2
  10. 4.24 ’26e +1
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 268 32 37 55
Receivables 12 9 9 8
Inventory — — — —
Other — — — —
280 41 46 63
2023 2024 2025 Q'26
Payables 223 215 248 248
ST’ Debt — — — —
Other — — — —
319 294 340 348

Compound Annual Growth %

10y 5y 3y
Sales 6.53% 8.55% 3.41%
Cash Flow 6.92% 9.74% 3.54%
Earnings 4.43% 25.41% (16.21%)
Book Value 4.37% 4.77% (4.26%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.67 Actual 1.68

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.69 1.70 Beat by 0.01
Q4 FY25 1.73 1.76 Beat by 0.03
Q1 FY26 1.67 1.70 Beat by 0.03
Q2 FY26 1.67 1.68 Beat by 0.01
Q3 FY26 1.69 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.40 0.18 — — —
’25 0.36 0.74 1.00 1.44 3.54
’24 0.77 0.40 (0.04) 0.37 1.50
’23 0.39 0.84 0.44 2.03 3.70
’22 0.76 4.54 0.27 0.42 6.04
’21 0.31 0.30 0.29 2.02 2.96
’20 0.43 0.17 0.35 0.29 1.24
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 389 393 — — —
’25 391 397 396 391 1,574
’24 383 387 387 386 1,544
’23 378 385 391 388 1,542
’22 311 362 374 376 1,423
’21 268 277 294 305 1,144
’20 266 251 266 262 1,044
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 148 212 — — —
’25 148 231 251 197 827
’24 136 225 262 152 775
’23 140 227 236 192 795
’22 122 208 246 168 745
’21 88 155 192 141 577
’20 111 140 163 106 519
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 131 (381) — — —
’25 (127) 35 246 178 333
’24 144 121 165 65 496
’23 48 183 138 306 675
’22 102 48 154 (1,005) (700)
’21 (2) (232) (74) 81 (226)
’20 2 50 68 (27) 93
Fiscal quarters ending in the months shown.

Valuation

The price implies FFO a share growing 3.0% a year for ten years. It grew 7.4% a year over the last ten.

Implied
3.0%
10 years, reported
7.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 876 901 955 1,028 1,044 1,144 1,423 1,542 1,544 1,574 1,568 +6.7% 1,550 1,562 1,619 +1.0%
Gross margin, % 64.48 63.51 64.00 64.38 62.18 63.53 64.99 64.40 63.80 63.99 63.99 (0.5) pt
EBT 457 202 162 225 131 314 664 414 174 399 341 (1.5%)
EBT margin, % 52.14 22.43 16.98 21.91 12.51 27.48 46.70 26.86 11.26 25.35 21.75 (26.8) pt
Net income 838 201 161 224 129 312 662 411 171 395 337 (8.0%)
Per share, $
Per share, $ Revenue 9.78 9.85 10.03 10.45 10.50 11.21 13.22 14.19 14.23 14.52 15.32 +4.5%
Earnings 9.08 2.14 1.63 2.23 1.24 2.97 6.07 3.71 1.50 3.54 3.02 (9.9%)
Cash flow 4.95 4.75 5.29 5.64 5.23 5.66 6.92 7.32 7.14 7.63 7.89 +4.9%
Capex 1.90 (3.07) (6.70) (7.88) (4.29) (7.88) (13.43) (1.11) (2.57) (4.56) (6.18) n/m
Free cash flow 6.85 1.69 (1.41) (2.24) 0.93 (2.22) (6.51) 6.21 4.57 3.07 1.71 (8.5%)
Book value 34.56 38.08 35.55 37.60 35.38 41.83 47.00 46.49 43.76 40.95 37.90 +1.9%
Shares, m 90 91 95 98 99 102 108 109 108 108 106 +2.1%
Valuation, ×
Valuation, × P/E 9.26 43.16 54.02 47.58 80.58 60.98 18.29 27.06 77.36 31.10 34.22 44.9
P/S 8.59 9.29 8.78 10.16 9.51 15.94 8.37 7.07 8.15 7.58 6.74 9.3
P/B 2.43 2.40 2.48 2.82 2.82 4.27 2.36 2.16 2.65 2.69 2.73 2.7
EV/Sales 11.03 11.32 11.17 12.59 12.14 18.17 10.95 9.31 10.39 10.04 9.80 11.7
EV/FCF 15.76 66.14 (79.45) (58.65) 136.52 (91.73) (22.24) 21.28 32.37 47.44 88.00 6.7
Cash, $m
Cash, $m Operating cash flow 443 435 504 556 519 577 745 795 775 827 807 +7.2%
Capex 170 (280) (638) (776) (426) (804) (1,445) (120) (279) (494) (633) n/m
Free cash flow 613 154 (134) (221) 93 (226) (700) 675 496 333 175 (6.6%)
Balance, $m
Balance, $m Working capital 183 222 (135) (177) 203 379 (276) (39) (253) (294) (284) n/m
Net debt 2,135 1,827 2,278 2,497 2,742 2,551 3,663 3,447 3,453 3,864 4,793 +6.8%
Shareholders’ equity 3,096 3,485 3,385 3,702 3,517 4,266 5,057 5,052 4,747 4,438 3,878 +4.1%
Returns, %
Returns, % ROA 13.59 3.22 2.50 3.38 1.78 4.01 7.55 4.31 1.79 4.30 3.51 (9.3) pt
ROIC 2.78 2.49 2.46 2.22 1.88 1.85 1.98 2.47 2.31 2.22 2.03 (0.6) pt
ROE 27.38 5.97 4.51 6.18 3.43 7.81 14.02 7.98 3.33 8.37 7.64 (19.0) pt
People
People Employees 1,600 1,600 1,600 1,650 1,700 1,700 1,650 1,640 1,660 1,640 — +0.3%
Revenue/emp, $m 0.55 0.56 0.60 0.62 0.61 0.67 0.86 0.94 0.93 0.96 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Camden Property Trust is a Texas residential real estate investment trust, founded in 1981 and based in Greenway Plaza. It owns, operates, develops, repositions, redevelops, acquires and constructs multifamily apartment communities. In plain English, it provides rental homes in apartment communities and manages the buildings and resident services needed to keep those homes leased and maintained.

As of December 31, 2025, Camden owned interests in, operated or was developing 175 multifamily properties containing 59,921 apartment homes across the United States. Three properties were under construction, with 1,162 apartment homes expected when completed. It also holds land that it may develop into additional apartment communities.

Camden Property Trust vs peers in Reit Residential (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ESS Essex Property Trust, Inc. $18.1B 49.3× 46.4× +4.10% (above 0%: growing) −36.97% (below 0%: shrinking) −5.14% (below 0%: shrinking) 66.94% 31.82% Compare
INVH Invitation Home $15.9B 24.0× 30.4× +6.26% (above 0%: growing) +22.91% (above 0%: growing) +239.04% (above 0%: growing) 54.14% 21.76% Compare
SUI Sun Communities, Inc. $14.6B — (loss-making) — (loss-making) +12.56% (above 0%: growing) +1,411.29% (above 0%: growing) +42.90% (above 0%: growing) 63.45% 28.16% Compare
MAA Mid-America Apartment Communities, Inc. $14.5B 36.5× 32.1× +1.04% (above 0%: growing) −11.86% (below 0%: shrinking) +81.71% (above 0%: growing) 57.07% 24.91% Compare
CPT Camden Property Trust $14.0B 34.2× 66.4× −0.90% (below 0%: shrinking) −75.68% (below 0%: shrinking) −1,195.62% (below 0%: shrinking) 64.13% 12.20%
ELS Equity Lifestyle Properties, Inc. $12.7B 31.0× 28.8× +4.22% (above 0%: growing) −10.00% (below 0%: shrinking) +33.46% (above 0%: growing) 52.10% 33.35% Compare
UDR United Dominion Realty Trust, Inc. $12.5B 16.9× 30.1× −0.88% (below 0%: shrinking) +500.08% (above 0%: growing) −180.36% (below 0%: shrinking) 62.20% 63.12% Compare
AMH American Homes 4 Rent $11.9B 27.0× 32.4× +4.10% (above 0%: growing) −14.81% (below 0%: shrinking) −25.98% (below 0%: shrinking) 0.00% 0.00% Compare
JAN Janus Living, Inc. $9.5B — (loss-making) — +78.32% (above 0%: growing) n/m +592.48% (above 0%: growing) 27.91% (4.66%) Compare
Median of peers $13.6B 29.0× 31.3× +4.16% −10.00% +38.18% 55.60% 26.54%

All 20 Reit Residential stocks →

From the latest earnings call

Updated

  • Alex Jessett said Camden’s California sale and 2026 acquisitions are expected to reduce recurring capital spending per unit and bad debt after the disposition.
  • Ben Fraker said Camden maintained its full-year Core FFO midpoint while updating same-store expectations excluding California following better expense performance.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 103.33%
Held by the ten largest 59.91%
Holder Shares Stake Change
Vanguard 15.87m 15.79% −667.58k
BlackRock 10.70m 10.65% +573.62k
Fidelity (FMR) 7.73m 7.69% +658.25k
State Street 6.50m 6.47% −252.87k
VIKING GLOBAL INVESTORS LP 4.51m 4.49% −202.09k
Invesco 3.84m 3.82% −221.38k
Victory Capital 3.47m 3.45% +524.25k
CENTERSQUARE INVESTMENT MANAGEMENT LLC 2.96m 2.95% +312.98k
Geode Capital Management 2.90m 2.88% −51.95k
Charles Schwab 1.72m 1.71% +41.73k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 27 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 8.32m 8.32m 130.26
2024 7.22m 7.22m 132.22
2023 6.91m 6.91m 108.99
2022 6.18m 6.18m 118.01
2021 4.29m 4.29m 183.18

Ownership

Directors and executive officers, together 1.90%
The Vanguard Group 16.60%
BlackRock, Inc. 9.60%
State Street Corporation 6.80%
FMR LLC 5.30%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Camden Property Trust (CPT) Latest News

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CPT metrics, ten years each

stockrow.com/CPT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com