Strong Apartment Demand
Second quarter apartment demand was one of the best in 25 years, with apartment affordability improving due to 31 months of wage growth exceeding rent growth.
Sector-Leading Resident Rent-to-Income Ratio
Camden's resident rent-to-income ratio continues to improve and is better than pre-COVID levels, indicating strong affordability.
Record Customer Sentiment Scores
Camden achieved its highest customer sentiment score ever at 91.6, reflecting strong resident satisfaction and retention.
Financial Performance and Guidance
Reported core funds from operations for the second quarter at $187.6 million or $1.70 per share, $0.01 ahead of prior guidance, and increased the midpoint of full-year core FFO guidance by $0.03 per share.
Strong Balance Sheet
Camden is positioned with one of the strongest balance sheets in the industry, with no major dilutive refinancings over the next couple of years.