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Camden Property (CPT)
NYSE:CPT
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.77Same Quarter Last Year
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 1.86%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
Camden Property Trust's earnings call revealed a balanced outlook for 2025. While the company is strategically positioned for growth with strong population dynamics and a robust capital recycling plan, challenges persist in certain markets due to supply pressures and negative rental rate trends. The financial guidance reflects these mixed conditions, with some markets expected to outperform and others facing difficulties.Company Guidance
During Camden Property Trust's fourth quarter 2024 earnings call, management outlined expectations for the upcoming year, emphasizing positive market conditions for 2025. They forecasted same property revenue growth of 1% for 2025, with stronger performance in top markets like Southern California, Washington DC metro, and Houston, where anticipated growth ranges from 2% to 2.5%. The company plans to engage in $750 million of both acquisitions and dispositions to optimize their portfolio, aiming to ensure no single market exceeds 10% of their NOI by 2027. Camden's strategic plan includes development starts up to $675 million, supported by their solid balance sheet with a net debt to EBITDA ratio of 3.8 times. Furthermore, the company reported core FFO of $1.73 per share for Q4 2024, outperforming guidance, and projected a 2025 core FFO midpoint of $6.75 per share.Strong Population Growth in Key Markets
Texas and Florida experienced significant population growth, adding over a million new residents in 2024, accounting for nearly one-third of the nation's population growth. Camden's markets capture 58.3% of US population growth.
Strategic Capital Recycling Plan
Camden plans to execute a strategic plan similar to post-Great Financial Crisis, focusing on acquiring, developing, and selling properties to optimize the portfolio. The plan includes acquiring $750 million in properties and developing $675 million in new projects.
Encouraging Supply and Demand Dynamics
Supply in key Camden markets is expected to peak in 2024 and decline through 2025, setting up 2026 to be a below-average year for new supply. Demand remains strong in the Sunbelt markets due to in-migration and unaffordability of homes.
Positive Outlook for Top Markets
Top markets like Tampa, Southern California, Washington DC, and Houston are expected to see revenue growth of 2-2.5% in 2025, with strong demand and manageable supply.
Solid Financial Position
Camden maintains a strong balance sheet with net debt to EBITDA at 3.8 times, providing capacity to capitalize on market opportunities.
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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
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CPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $117.70 | $119.16 | +1.24% |
| Oct 31, 2024 | $116.34 | $114.78 | -1.34% |
| Aug 01, 2024 | $113.12 | $116.20 | +2.72% |
| May 02, 2024 | $97.90 | $102.33 | +4.53% |
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.
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FAQ
When does Camden Property (CPT) report earnings?
Camden Property (CPT) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Camden Property (CPT) earnings time?
Camden Property (CPT) earnings time is at Apr 24, 2025, TBA Not 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 2025 (Q1) is 0.36.
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