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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

99.95 3.76 −3.63%
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

Camden Property Trust (CPT) valuation and DCF model

What the price implies · reverse DCF

At $99.95 the price implies FFO a share growing 2.6% a year for ten years.

FFO a share grew 7.4% a year over the last ten years, 6.6% over the last five. The price asks for less than its ten-year rate. The industry’s median company is priced for 3.5%.

In December 2017 the price assumed 6.0% a year; Camden Property Trust went on to grow FFO a share 6.7% a year to FY2025.

Q3 2026’s FFO a share is the $1.70 Camden Property Trust reported, in its results release. It reported AFFO of $1.42 a share for Q3 2026.

Price implies
2.6%
Last 5 years, reported
6.6%
Last 10 years, reported
7.4%
Industry median implies
3.5%

The headline discounts the last twelve months’ FFO a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
2.6% a year for ten years
$99.95
today’s price
Its base case
7.4% a year for five years, then 4.4%
$130.49
30.6% above today’s price

Both are growth in FFO a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Camden Property Trust’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · FFO a share
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in FFO a share. It usually slows as the company matures.

Today’s price implies FFO a share growing 2.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Camden Property Trust’s own cost of capital: risk-free 4.3% + beta 0.76 × equity premium 4.5% = 7.7% cost of equity; weighted, 7.7%.

Use 7.7%
Base case value per share $130.49 ten years discounted, and what follows
Current price $99.95 market price per share
Above today’s price 30.6% upside at the base case’s assumptions

How we got there$55.93 10 years of FFO+$74.55 terminal value=$130.49 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Reit Residential).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 34.22× 37.61× 47.43× 28% below 28.23× 21% above
P/FCF 60.56× 48.99× 44.50× 36% above 20.32× 198% above
P/B 2.73× 2.52× 2.74× 0% below 1.88× 45% above
EV/EBITDA 17.12× 17.34× 20.80× 18% below 15.93× 7% above
EV/Sales 9.80× 10.10× 11.59× 15% below 8.07× 21% above
P/FFO 15.87× 15.00× 20.84× 24% below — —
P/E P/FCF P/B EV/EBITDA EV/Sales P/FFO
25.30×42.25×59.19×76.14×10Y avg 47.43×2017201820192020202120222023202420252026

CPT trades at 34.22× P/E, against a 10-year average of 47.43× (range 18.29×–80.58×). That is cheaper than 67% of the last 9 year-end readings; re-rating to the average implies $138.55 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.