Camden Property reports Q1 core FFO $1.72, consensus $1.68

Reports Q1 revenue $390.57M, consensus $388.01M. Reports Q1 core AFFO of $1.58 vs. $1.50 last year. “We are pleased to report strong first quarter results, and a raise to our full-year 2025 earnings guidance. Core FFO exceeded the midpoint of our guidance by $0.04 per share in the first quarter, with $0.02 resulting from higher than anticipated revenues and the remaining $0.02 from lower interest expense and the timing of other income and expense categories. We are maintaining our guidance for same property growth given recent uncertainty in the macro-economic environment. However, we expect to incur lower than anticipated borrowing costs for the remainder of the year due to our new commercial paper program, resulting in a revised midpoint of $6.78 per share for full-year 2025 Core FFO compared to our original guidance of $6.75 per share,” said Richard Campo, Camden’s Chairman and CEO.