Strong Apartment Demand
2025 is noted as one of the best years in the last 25 years for apartment absorption, with strong demand filling up recent deliveries.
Resident Retention and Affordability
Resident retention remains strong, supported by 33 months of wage growth exceeding rent growth, improving apartment affordability.
Share Buyback Program
Camden bought back $50 million of shares at a significant discount to consensus net asset value, with $400 million remaining in authorization.
Balance Sheet Strength
Camden maintains one of the strongest balance sheets with no major dilutive refinances over the next couple of years and a net debt-to-EBITDA ratio of 4.2x.
Core FFO Increase
Core FFO for Q3 was $186.8 million, or $1.70 per share, slightly ahead of prior guidance, with a full-year increase in guidance from $6.81 to $6.85 per share.