Camden Property (CPT) AI Stock Analysis

• Market Cap: $16.08B
• Dividend Yield: 3.66%
• Average Volume (3M): 856.98K
• Price to Earnings (P/E): 105.9
• Beta (1Y): 0.69
• Revenue Growth: 0.56%
• EPS Growth: -73.40%
• Country: US
• Employees: 1,660
• Sector: Real Estate
• Sector Strength: 61
• Industry: REIT - Residential
• EPS (TTM): 0.36
• Shares Outstanding: 106,837,970
• 10 Day Avg. Volume: 673,654
• 30 Day Avg. Volume: 856,981
• PEG Ratio: -3.85
• Price to Book (P/B): 2.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 29.06
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 4.45
• Enterprise Value/Gross Profit: 29.70
• Enterprise Value/Ebitda: 7.90
• 1Y Price Target: $127.73
• Price Target Upside: 12.44% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 17

• Rating: 66 Neutral
• Price Target: $123.00 ▲(8.27%Upside)

Camden Property's strong financial performance and positive earnings call drive the score, despite technical and valuation challenges. Strategic measures and customer satisfaction are strengths, while market-specific issues and high P/E ratio are concerns.

Positive Factors

Earnings

The company reported Core FFO per share of $1.72, which was six cents higher than consensus estimates and eight cents higher than analyst numbers.

Expansion

Recent acquisitions include Camden Leander and Camden West Nashville, and Camden Clearwater, indicating growth and expansion.

Operating Performance

CPT's operating expenses were significantly lower than expected, leading to a better-than-expected same-store net operating income.

Negative Factors

Guidance

CPT's FY25 Core FFO guidance is slightly below consensus, with additional non-core charges affecting the expected growth.

Lease Rates

New lease rates were down 3.1% during the first quarter of 2025 and renewals up 3.3%, for a blended rate down 0.1%.

Revenue

Some markets like Austin and Nashville, representing 6% of the company's portfolio, saw a decrease of ~3% in revenue, and is expected to persist going into 2025 due to supply pressures.

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 operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.

How the Company Makes Money

Camden Property Trust generates revenue primarily through its rental income from leasing apartment units within its multifamily residential communities. This income stream is the core of its business model as a REIT, which requires the company to distribute a significant portion of its taxable income to shareholders in the form of dividends. Additional revenue streams include fees from property management services and, occasionally, the sale of properties within its portfolio. Camden's earnings are significantly influenced by factors such as occupancy rates, rental rates, and operating expenses. The company's strategic focus on high-demand urban markets and its commitment to maintaining and upgrading its properties contribute to its ability to attract and retain tenants, thereby sustaining its income generation.

Camden Property Financial Statement Overview

Summary

Camden Property shows strong revenue and cash flow growth, with efficient operations. However, declining net profit margins and return on equity highlight profitability challenges.

Income Statement

Camden Property has demonstrated consistent revenue growth with a notable increase of approximately 8.85% from 2021 to 2022, stabilizing in recent years. The gross profit margin remains healthy at around 61.25% for TTM, indicating efficient cost management. However, net profit margin has shown volatility, dropping to 7.62% in TTM from a high of 28.73% in 2022, which is concerning. EBITDA margin is strong at 54.53% for TTM, suggesting solid operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with an equity ratio of 51.31% for TTM, indicating a balanced asset structure. The debt-to-equity ratio stands at 0.81, reflecting moderate leverage. However, there is a consistent increase in total debt over the years. Return on equity has decreased to 2.56% in TTM, down from 13.10% in 2022, indicating pressure on profitability.

Cash Flow

Camden Property has shown robust free cash flow growth, with a 9.36% increase from 2022 to 2023, despite a decrease in net income. The operating cash flow to net income ratio is strong at 6.66 for TTM, suggesting effective cash generation from operations. However, capital expenditures remain high, impacting free cash flow.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.54B	1.42B	1.14B	1.04B
Gross Profit	944.51M	957.68M	893.56M	695.71M	620.86M
EBITDA	885.60M	899.51M	844.40M	657.87M	589.03M
Net Income	163.29M	403.31M	653.61M	303.91M	123.91M
Balance Sheet
Total Assets	8.85B	9.38B	9.33B	7.98B	7.20B
Cash, Cash Equivalents and Short-Term Investments	21.05M	259.69M	10.69M	613.39M	420.44M
Total Debt	3.49B	3.72B	3.68B	3.17B	3.17B
Total Liabilities	4.10B	4.33B	4.27B	3.71B	3.68B
Stockholders Equity	4.68B	4.98B	4.99B	4.20B	3.44B
Cash Flow
Free Cash Flow	381.14M	384.02M	295.28M	148.75M	92.07M
Operating Cash Flow	774.88M	794.95M	744.71M	577.47M	519.32M
Investing Cash Flow	-285.23M	-127.13M	-1.46B	-804.39M	-429.60M
Financing Cash Flow	-725.49M	-417.21M	109.93M	421.37M	307.32M

Camden Property Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 113.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPT, the sentiment is Negative. The current price of 113.6 is below the 20-day moving average (MA) of 113.62, below the 50-day MA of 114.74, and below the 200-day MA of 115.34, indicating a bearish trend. The MACD of -0.05 indicates Negative momentum. The RSI at 47.65 is Neutral, neither overbought nor oversold. The STOCH value of 72.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CPT.

Camden Property Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
EQR	74 Outperform	$25.70B	26.66	9.01%	4.04%	3.91%	8.78%
ELS	71 Outperform	$12.00B	32.65	23.16%	3.31%	-0.08%	1.00%
UDR	70 Outperform	$13.42B	114.75	3.40%	4.22%	2.35%	-73.89%
ESS	68 Neutral	$19.51B	28.00	12.09%	3.43%	7.61%	27.83%
CPT	66 Neutral	$16.08B	105.94	2.47%	3.66%	0.56%	-73.40%
Sector *	64 Neutral	$6.87B	17.44	-1.93%	6.95%	4.65%	-24.33%
MAA	62 Neutral	$18.22B	31.79	9.37%	3.97%	1.55%	0.73%

Camden Property Corporate Events

Camden Property Shareholders Approve Key Proposals

At the recent Annual Meeting, Camden Property‘s shareholders voted on several key matters, including the election of ten Trust Managers, approval of executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for fiscal year 2025. All proposals received the necessary shareholder approval, indicating strong support for the company’s leadership and strategic direction.