Camden Property (CPT)
NYSE:CPT
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Earnings Data
Report Date
Jul 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.33Last Year’s EPS
0.74Same Quarter Last Year
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced solid operational and financial strengths—strong liquidity, disciplined capital allocation (notably large share repurchases), low bad debt, improving leasing trends in April, and constructive Sunbelt market fundamentals—against notable near-term headwinds including a $53M legal settlement, reaffirmed modest same-store guidance (NOI midpoint -0.5%), Q2 sequential compression, and timing risk tied to the California sale and supply absorption. Management emphasized conservative guidance and the timing sensitivity of earnings while expressing confidence in long-term market positioning and capital deployment.Company Guidance
Executive Succession and Culture Continuity
Promotions of Alexander Jessett to CEO, Laurie A. Baker to president/COO and Ben Fraker reinforce succession planning with each executive bringing 25+ years at Camden; Camden ranked #13 on Fortune Best Places to Work for the 19th consecutive year with 96% employee approval.
Strong Balance Sheet and Liquidity Actions
Recast $1.2B revolving credit facility extending maturity four years and reduced pricing by 15 bps; issued $600M of 10-year unsecured bonds at ~5% to lock in long-term fixed-rate financing and extend weighted-average debt maturity.
Material Share Repurchases
Share repurchases of $423M in the quarter at an average $104.08/share (plus $271M in 2025), and $693M repurchased between 2025–2026 at ~6.4% FFO yield, demonstrating opportunistic capital deployment while shares trade at a discount to NAV.
Solid First-Quarter Core FFO Beat
Reported core FFO of $1.70/share for Q1, beating the midpoint of guidance by $0.04 with drivers including lower bad debt and timing-related property expense savings.
Historic Low Bad Debt and Collections Strength
Recorded lowest bad debt level since COVID at <40 basis points in Q1 driven by higher collections (aided by ~10% higher 2026 tax refunds for middle/high income earners) and enhanced resident credit screening.
Operating Momentum into Peak Leasing Season
April occupancy improved to ~95.4% from 95.1% in Q1; blended rates up ~100 basis points in April versus Q1; renewal offers for May–July set in the mid-3% range with typical achieved rates ~50 bps below offers.
Disciplined Asset Transactions and Redeployment
California disposition process advanced with >230 confidentiality agreements and one buyer in diligence (anticipated late June/July close); plan to reinvest ~60% of proceeds via 1031 exchanges and already deployed proceeds to acquisitions (Camden Alpharetta and Camden at Lake Nona combined $170M) and repurchases.
Portfolio Operating Metrics and Resident Retention
First-quarter annualized net turnover rate of 30%—one of the lowest in company history—move-outs for home purchases only 9.2% of total, reflecting record resident retention and highest customer sentiment scores to date.
Market Fundamentals Favor Sunbelt Exposure
Management highlighted strong demographic and job trends: Dallas–Fort Worth led absolute job growth (12 months ended Jan), Houston added ~127k residents year-over-year (12 months to 07/01/2025), and migration reaccelerating in 2026 with >10% sequential annual increases in several key markets; cap rates for newer, well-located Sunbelt trades remain in the ~4.5%–5% range.
CPT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $105.02 | $104.45 | -0.54% |
Feb 05, 2026 | $105.42 | $105.47 | +0.06% |
Nov 06, 2025 | $97.23 | $99.67 | +2.51% |
Jul 31, 2025 | $105.89 | $103.70 | -2.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Camden Property (CPT) report earnings?
Camden Property (CPT) is schdueled to report earning on Jul 30, 2026, After Close (Confirmed).
What is Camden Property (CPT) earnings time?
Camden Property (CPT) earnings time is at Jul 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPT EPS forecast?
CPT EPS forecast for the fiscal quarter 2026 (Q2) is 0.33.