Camden Property (CPT)
NYSE:CPT
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Camden Property
(NYSE:CPT)
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Rating:64Neutral
Price Target:
$104.00
â–²(1.69% Upside)
Action:ReiteratedDate:03/28/26
CPT’s score is supported primarily by solid financial performance—especially strong cash generation and improving 2025 growth—plus shareholder-friendly capital actions discussed on the earnings call. The biggest constraints are weak technical momentum (clear downtrend) and a softer near-term outlook from 2026 guidance, with additional pressure from expense growth and weak new-lease pricing.
Positive Factors
Cash Generation
Consistent, rising operating cash flow and a meaningful free cash flow surge in 2025 create durable financial flexibility. Over a 2–6 month horizon this supports dividend coverage, development funding, portfolio recycling and buybacks, and provides a buffer versus cyclical rent volatility.
Negative Factors
Rising Leverage
An upward drift in leverage after 2025 reduces financial flexibility and raises interest‑coverage sensitivity. In a slower rent environment higher debt amplifies downside to FFO and constrains ability to fund development or absorb operating shocks without cutting payouts or moderating buybacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, rising operating cash flow and a meaningful free cash flow surge in 2025 create durable financial flexibility. Over a 2–6 month horizon this supports dividend coverage, development funding, portfolio recycling and buybacks, and provides a buffer versus cyclical rent volatility.
Read all positive factors
Camden Property (CPT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.12B
Dividend Yield3.9%
Average Volume (3M)1.09M
Price to Earnings (P/E)31.0
Beta (1Y)0.56
Revenue Growth1.41%
EPS Growth-21.93%
CountryUS
Employees1,660
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)1.44
Shares Outstanding103,408,210
10 Day Avg. Volume1,169,240
30 Day Avg. Volume1,085,480
Financial Highlights & Ratios
PEG Ratio0.23
Price to Book (P/B)2.73
Price to Sales (P/S)7.58
P/FCF Ratio30.89
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue9.27
Enterprise Value/Gross Profit15.09
Enterprise Value/Ebitda12.70
Forecast
1Y Price Target
$113.47Price Target Upside10.95% Upside
Rating ConsensusHold
Number of Analyst Covering16
EPS Forecast (FY)1.35
Revenue Forecast (FY)$1.57B
Camden Property Business Overview & Revenue Model
Company Description
Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operat...
How the Company Makes Money
Camden Property Trust makes money primarily through the operation of its multifamily apartment communities. Its main revenue stream is rental income from leasing apartment units to residents (base rent), supplemented by additional property-level i...
Camden Property Key Performance Indicators (KPIs)
Any
Revenue by Category
Breaks down income sources, highlighting which segments contribute most to the company’s earnings and where growth opportunities or risks may lie.
Breaks down income sources, highlighting which segments contribute most to the company’s earnings and where growth opportunities or risks may lie.
Data provided by:
The Fly
The FlyCamden Property Earnings Call Summary
Earnings Call Date:Feb 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Neutral
The call mixed demonstrable operational and capital-allocation execution (Q4 core FFO beat, active portfolio recycling, large share buybacks, declining supply trends and improving development costs) with near-term headwinds (lower 2026 core FFO guidance, negative same-store NOI at the midpoint, expense growth, weak new-lease pricing and a notable regulatory hit in Denver). Management is constructive on the medium-term outlook (expecting improvement in 2H 2026 as supply tightens and rents rebound) but acknowledges persistent uncertainty and several market-specific challenges.Positive Updates
Beat on Core FFO and Q4 Results
Reported Q4 2025 core FFO of $193.1 million or $1.73 per share, $0.03 ahead of the midpoint of prior quarterly guidance; finished 2025 exceeding original core FFO guidance by $0.13 per share.
Negative Updates
2026 Core FFO Guidance Decline
2026 core FFO per share guidance of $6.60–$6.90 (midpoint $6.75) implies a $0.13 per share decrease from 2025, driven by expected declines in fee income, higher overhead and a same-store NOI headwind.
Read all updates
Q4-2025 Updates
Positive
Negative
Beat on Core FFO and Q4 Results
Reported Q4 2025 core FFO of $193.1 million or $1.73 per share, $0.03 ahead of the midpoint of prior quarterly guidance; finished 2025 exceeding original core FFO guidance by $0.13 per share.
Read all positive updates
Company Guidance
Camden guided 2026 core FFO of $6.60–$6.90/share (midpoint $6.75, down $0.13 vs. 2025) driven by same-store revenue growth of 75 bps (55 bps rent, 20 bps other income), same-store NOI of -50 bps at the midpoint, portfolio expense growth of ~3% (vs. 1.7% in 2025), and market rent growth of ~2% weighted to H2; each 1% of same-store NOI ≈ $0.09/share. Management models California in same-store (California is ~+25 bps to revenue and ~+40 bps to NOI), expects other income (~10% of property revenues) to grow ~2%, and forecasts supply/completions falling from ~4% of inventory in 2024 to <2% in 2026 and ~1.5% in 2027. Noncore FFO adjustments are ~$0.14/share (legal/transaction costs); planned development activity is up to $335M of starts (≈$200M spend in 2026); a $400–$500M bond deal is planned; and they assume midyear SoCal sales of ~$1.5–$2.0B with ~60% ($≈1.1B) reinvested (1031) and ~$650M modeled for buybacks (≈$400M already completed, Board approved $600M more). Q1 core FFO is guided $1.64–$1.68 (mid $1.66, down ~$0.10 sequential), with Q1 drivers including ~-$0.05/share same-store NOI, ~-$0.04 fee/asset‑mgmt, ~+$0.04 interest expense, ~-$0.02 non‑same-store NOI, partially offset by ~+$0.05 from buybacks.Camden Property Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.57B | 1.54B | 1.54B | 1.42B | 1.14B |
| Gross Profit | 966.31M | 944.51M | 957.68M | 893.56M | 695.71M |
| EBITDA | 1.15B | 885.60M | 1.12B | 840.05M | 832.26M |
| Net Income | 384.46M | 163.29M | 403.31M | 653.61M | 303.91M |
Balance Sheet | |||||
| Total Assets | 9.04B | 8.85B | 9.38B | 9.33B | 7.98B |
| Cash, Cash Equivalents and Short-Term Investments | 25.20M | 21.05M | 259.69M | 10.69M | 613.39M |
| Total Debt | 3.90B | 3.49B | 3.72B | 3.68B | 3.17B |
| Total Liabilities | 4.60B | 4.10B | 4.33B | 4.27B | 3.71B |
| Stockholders Equity | 4.36B | 4.68B | 4.98B | 4.99B | 4.20B |
Cash Flow | |||||
| Free Cash Flow | 386.22M | 381.14M | 384.02M | 295.28M | 148.75M |
| Operating Cash Flow | 826.62M | 774.88M | 794.95M | 744.71M | 577.47M |
| Investing Cash Flow | -499.54M | -285.23M | -127.13M | -1.46B | -804.39M |
| Financing Cash Flow | -322.05M | -725.49M | -417.21M | 109.93M | 421.37M |
Camden Property Technical Analysis
Neutral
102.27
Price Trends
103.67
Negative
104.23
Negative
104.55
Negative
Market Momentum
-0.93
Negative
56.43
Neutral
84.55
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPT, the sentiment is Neutral. The current price of 102.27 is above the 20-day moving average (MA) of 98.79, below the 50-day MA of 103.67, and below the 200-day MA of 104.55, indicating a neutral trend. The MACD of -0.93 indicates Negative momentum. The RSI at 56.43 is Neutral, neither overbought nor oversold. The STOCH value of 84.55 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CPT.
Camden Property Risk Analysis
Camden Property disclosed 21 risk factors in its most recent earnings report. Camden Property reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Camden Property Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $22.95B | 21.34 | 10.14% | 4.52% | 4.78% | 24.74% | |
70 Outperform | $23.60B | 38.46 | 8.88% | 3.83% | 7.06% | 12.05% | |
69 Neutral | $16.79B | 25.08 | 12.02% | 3.98% | 6.92% | 53.76% | |
68 Neutral | $15.11B | 36.36 | 7.64% | 4.42% | 0.91% | 6.55% | |
68 Neutral | $18.51B | 13.54 | 11.43% | 4.81% | 2.38% | 17.42% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $14.12B | 31.03 | 8.50% | 3.90% | 1.41% | -21.93% |
* Real Estate Sector Average
CPT
Camden Property
102.27
-1.54
-1.49%
AVB
AvalonBay
168.50
-17.82
-9.57%
EQR
Equity Residential
60.80
-0.71
-1.16%
MAA
Mid-America Apartment
126.09
-22.36
-15.06%
ESS
Essex Property
251.90
-0.81
-0.32%
UDR
UDR
35.02
-3.06
-8.04%
Camden Property Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Camden Property Trust Announces Comprehensive Leadership Transition
Positive
Mar 27, 2026
Effective March 24, 2026, Camden Property Trust implemented a major leadership transition, naming longtime leader Richard J. Campo as Executive Chairman of the Board of Trust Managers and appointing Alexander J. Jessett as Chief Executive Officer ...
Business Operations and StrategyPrivate Placements and Financing
Camden Property Trust Amends Credit Facility, Extends Liquidity
Positive
Mar 19, 2026
On March 17, 2026, Camden Property Trust entered into a Fifth Amended and Restated Credit Agreement that overhauls its main bank credit facility. The deal removes a $300 million unsecured delayed-draw term loan and extends the maturity of its revo...
Business Operations and StrategyPrivate Placements and Financing
Camden Property Trust Issues $600 Million Senior Notes
Positive
Feb 19, 2026
On February 17, 2026, Camden Property Trust entered into an underwriting agreement to issue $600 million of 4.900% notes due 2036, with the transaction closing on February 19, 2026. The notes were priced at 99.936% of face value, bear semiannual i...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.