Camden Property Trust CPT

Real EstateResidential & Commercial REITsUnited States of America

Last close 100.69 USD on Nov 1, 2026, −5.7% year to date

Quant rating

Quant rating C Rank 102 of 175 in Real Estate

Growth C 117 of 175
Valuation B 63 of 175
Quality B 63 of 175
Revisions D 134 of 175
Momentum C 95 of 175

Wall Street consensus Hold (2.64)Average target 111.15 USD +10.4%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 10.1B
Enterprise value: 15.0B
52-week range: 95.53 – 119.81
3-year range: 84.68 – 127.03
Dividend yield: 4.20%
Beta (5 years): 0.77
Shares outstanding: 101M
Next earnings: Nov 5, 2026

About the company

Camden Property Trust is a multifamily company in the United States. The Company is structured as a real estate investment trust (REIT). The Company is primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. It owns and operates 168 properties containing 56,995 apartment homes across the United States. It owns a portfolio of apartment communities across the United States. Its portfolio includes Camden Highland Village, Camden Post Oak, Camden Plaza, Camden Greenway, Camden Vanderbilt, Camden Stonebridge, Camden Heights, Camden McGowen Station, Camden Travis Street, Camden Downtown, Camden Holly Springs, Camden Whispering Oaks, Camden Sugar Grove, Camden Yorktown, Camden Downs at Cinco Ranch, Camden Long Meadow Farms, Camden Woodson Park, Camden Grand Harbor, Camden Cypress Creek, Camden Northpointe, Camden Woodmill Creek and Camden Spring Creek.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	1,574	1,544	1,542	1,423	1,144	–
Revenue growth	1.9%	0.1%	8.4%	24.4%	9.6%	8.6%
EPS (basic, normalized)	3.54	1.50	3.70	6.04	1.26	–
EPS growth	136.0%	−59.5%	−38.7%	379.4%	–	–
Gross margin	61.4%	61.2%	62.1%	62.8%	60.8%	61.7%
Net margin	24.4%	10.6%	26.1%	45.9%	26.5%	26.7%
ROE	8.5%	3.4%	8.1%	14.2%	8.0%	8.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	44.7
Current ratio	–
Long-term debt (mil)	3,697
Net debt (mil)	4,880
Total equity (mil)	3,802
Net debt / equity	1.28x
Net debt / EBITDA	5.35x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2025 actual	1,574	+1.9%	9.5x	913	+3.2%	16.4x	3.54	+136.0%	28.4x
2026	1,555	−1.2%	9.6x	866	−5.1%	17.3x	1.45	−59.0%	69.3x
2027	1,566	+0.7%	9.6x	871	+0.7%	17.2x	0.99	−32.1%	102.1x
2028	1,609	+2.8%	9.3x	908	+4.2%	16.5x	1.03	+4.5%	97.8x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	1,555	−0.1%	0.0%	−0.3%	1.45	+0.1%	+29.0%	+37.7%
2027	1,566	−0.3%	−0.9%	−2.1%	0.99	−12.4%	−26.0%	−26.1%
2028	1,609	−0.7%	−1.4%	−2.0%	1.03	−14.7%	−40.0%	−46.6%

Earnings surprises EPS beat in 3 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	383	387	387	386	391	397	396	391	389	393
Sales mean (mil)	385	385	389	387	389	394	399	393	388	393
Surprise	−0.5%	+0.5%	−0.6%	−0.1%	+0.4%	+0.5%	−0.8%	−0.6%	+0.2%	0.0%
EPS reported	0.77	0.40	0.34	0.37	0.36	0.31	1.00	1.44	0.40	0.18
EPS mean	0.41	0.40	0.37	0.42	0.34	0.31	0.29	0.35	0.28	0.21
Surprise	+89.0%	0.0%	−8.1%	−11.4%	+6.8%	+0.4%	+246.5%	+312.9%	+44.8%	−12.7%

Peer comparison Residential & Commercial REITs

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
CPT Camden Property Trust	10.1B	5.35x	24.4%	2.72x	69.3x	102.1x	17.3x	17.2x
WELL Welltower Inc.	172.1B	3.89x	−4.7%	3.53x	80.9x	71.9x	35.1x	29.1x
SPG Simon Property Group Inc	70.5B	6.33x	72.7%	15.89x	33.1x	30.8x	19.1x	18.2x
PSA Public Storage	60.7B	7.23x	32.9%	4.18x	32.5x	31.9x	21.5x	19.5x
O Realty Income Corporation	53.9B	6.26x	18.4%	1.36x	36.5x	32.0x	15.5x	14.2x
VMRK Vivmark Residential	47.9B	4.55x	36.2%	2.21x	47.2x	38.9x	21.5x	14.6x
Mean		5.60x	30.0%	4.98x	49.9x	51.3x	21.7x	18.8x
Median		5.80x	28.6%	3.13x	41.8x	35.5x	20.3x	17.7x

Technical analysis

1M+3.4%
3M−11.5%
1Y+3.4%
3Y+34.5%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Camden Property Trust, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Total revenue	1,574	1,544	1,542	1,423	1,144	1,044
Cost of revenue	607	599	584	529	448	423
Gross profit	966	945	958	894	696	621
Selling, general & administrative expenses	79.3	72.4	62.5	60.4	59.4	52.8
Research & development	–	–	–	–	–	–
Depreciation/amortization	611	582	575	577	421	367
Interest expense (income), operating	138	125	133	110	96.1	88.6
Unusual expense (income)	12.9	41.9	2.5	−474	0	1.0
Other operating expenses	−13.0	−7.1	−3.5	−5.2	−10.5	−10.8
Operating income	138	130	189	625	130	122
Net interest income (expense)	–	–	0	3.0	9.8	8.1
Gain (loss) on sale of assets	261	43.8	225	36.4	174	0.4
Other non-operating income (expense)	0	0	0	0	0	0
Net income before taxes	399	174	414	664	314	131
Provision for taxes	4.0	2.9	3.6	3.0	1.9	2.0
Minority interest	−10.4	−7.5	−7.2	−7.9	−8.5	−4.7
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	384	163	403	654	304	124
Extraordinary items	–	–	–	–	–	–
Net income	384	163	403	654	304	124
EBIT, normalized	301	312	326	261	226	225
EBITDA, normalized	941	907	913	900	680	611
Basic EPS, normalized	3.54	1.50	3.70	6.04	1.26	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Camden Property Trust, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & short-term investments	25.2	21.0	260	10.7	613	420
Receivables	8.9	9.0	11.9	13.4	18.7	20.2
Total inventory	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Other current assets	–	–	–	–	–	–
Total current assets	–	–	–	–	–	–
Property, plant & equipment	8,715	8,579	8,864	9,074	7,098	6,528
Goodwill	–	–	–	–	–	–
Intangibles	–	–	–	–	–	–
Long-term investments	–	–	–	0	13.7	19.0
Note receivable	–	–	–	–	–	–
Other long-term assets	328	274	520	254	865	652
Total assets	9,043	8,852	9,384	9,328	7,977	7,199
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	248	215	223	211	192	176
Accrued expenses	22.7	3.2	6.0	8.4	10.0	13.0
Short-term debt	0	0	0	0	0	0
Current portion of long-term debt	–	–	537	247	386	–
Other current liabilities	–	–	–	–	–	–
Total current liabilities	–	–	–	–	–	–
Long-term debt	3,901	3,486	3,179	3,434	2,784	3,167
Minority interest	75.7	72.0	71.0	70.3	68.8	71.7
Other liabilities	704	619	1,153	837	926	516
Total liabilities	4,680	4,177	4,403	4,341	3,779	3,754
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	1.2	1.2	1.2	1.2	1.1	1.1
Additional paid-in capital	5,949	5,931	5,915	5,897	5,364	4,582
Retained earnings (accumulated deficit)	−969	−898	−614	−582	−829	−791
Treasury stock	−620	−360	−320	−329	−334	−341
Other equity	2.2	1.0	−1.3	−1.8	−3.7	−5.4
Total equity	4,363	4,675	4,981	4,987	4,197	3,445
Total liabilities & shareholders' equity	9,043	8,852	9,384	9,328	7,977	7,199

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Camden Property Trust, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	395	171	411	662	312	129
Depreciation, depletion & amortization	611	582	575	577	421	367
Deferred taxes	–	–	–	–	–	–
Non-cash items	−231	13.3	−208	−498	−159	14.1
Changes in working capital	51.7	8.8	18.0	3.9	3.5	9.5
Cash from operations	827	775	795	745	577	519
Investing activities
Capital expenditures	−440	−394	−411	−449	−429	−427
Other investing cash flows	−59.1	109	284	−1,007	−376	−2.4
Cash from investing	−500	−285	−127	−1,456	−804	−430
Financing activities
Financing cash flow items	−0.6	1.5	−0.8	−2.0	5.2	1.9
Cash dividends paid	−461	−451	−435	−397	−343	−333
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	139	−276	18.5	509	759	639
Cash from financing	−322	−725	−417	110	421	307
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	5.0	−236	251	−602	194	397
Free cash flow	386	381	384	295	149	92.1

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.