NYSE : CPT
Camden Property Trust — Financial statements
Real Estate · REIT - Residential · United States
Last price 100.69 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 10.49B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Rental Revenue | 1.57B | 1.57B | 1.54B | 1.54B | 1.42B | 1.14B |
| Property Management Fees | 13.12M | 12.97M | 7.14M | 3.45M | 5.19M | 10.53M |
| Other Revenue | 3.05M | 9.78M | ||||
| Total Revenue | 1.58B | 1.59B | 1.56B | 1.55B | 1.43B | 1.17B |
| Property Expenses | 607.14M | 607.24M | 599.34M | 584.34M | 529.20M | 447.88M |
| Selling, General & Administrative | 80.45M | 79.34M | 72.36M | 62.51M | 60.41M | 59.37M |
| Depreciation & Amortization | 616.80M | 611.02M | 582.01M | 574.81M | 577.02M | 420.69M |
| Total Operating Expenses | 1.30B | 1.30B | 1.25B | 1.22B | 1.17B | 927.93M |
| Operating Income | 277.47M | 289.16M | 301.68M | 324.69M | 267.38M | 237.18M |
| Interest Expense | -147.85M | -138.24M | -129.81M | -133.40M | -113.42M | -97.30M |
| EBT Excluding Unusual Items | 130.11M | 150.92M | 171.87M | 191.30M | 153.96M | 139.88M |
| Gain (Loss) on Sale of Investments | -4.86M | 474.15M | ||||
| Gain (Loss) on Sale of Assets | 281.72M | 260.91M | 43.81M | 225.42M | 36.37M | 174.38M |
| Asset Writedown | -12.92M | -12.92M | -40.99M | |||
| Other Unusual Items | -921.00K | -2.51M | ||||
| Pretax Income | 341.06M | 398.92M | 173.77M | 414.20M | 664.47M | 314.27M |
| Income Tax Expense | 4.44M | 4.02M | 2.93M | 3.65M | 2.97M | 1.89M |
| Earnings From Continuing Operations | 336.62M | 394.90M | 170.84M | 410.55M | 661.51M | 312.38M |
| Net Income to Company | 336.62M | 394.90M | 170.84M | 410.55M | 661.51M | 312.38M |
| Minority Interest in Earnings | -10.41M | -10.44M | -7.55M | -7.24M | -7.89M | -8.47M |
| Net Income | 326.21M | 384.46M | 163.29M | 403.31M | 653.61M | 303.91M |
| Preferred Dividends & Other Adjustments | 694.00K | 824.00K | 295.00K | 646.00K | 990.00K | 545.00K |
| Net Income to Common | 325.51M | 383.64M | 163.00M | 402.66M | 652.62M | 303.36M |
| Basic Shares Outstanding | 105.87M | 108.38M | 108.49M | 108.65M | 107.61M | 102.00M |
| Diluted Shares Outstanding | 105.93M | 108.43M | 108.54M | 109.40M | 108.39M | 102.83M |
| EPS (Basic) | 3.07 | 3.54 | 1.50 | 3.71 | 6.06 | 2.97 |
| EPS (Diluted) | 3.07 | 3.54 | 1.50 | 3.70 | 6.03 | 2.96 |
| Dividend Per Share | 4.22 | 4.20 | 4.12 | 4.00 | 3.76 | 3.32 |
| Operating Margin | 17.54% | 18.22% | 19.40% | 21.00% | 18.65% | 20.36% |
| Profit Margin | 20.58% | 24.18% | 10.48% | 26.04% | 45.51% | 26.04% |
| EBITDA | 893.97M | 899.89M | 883.70M | 899.51M | 835.80M | 656.77M |
| EBITDA Margin | 56.51% | 56.71% | 56.82% | 58.17% | 58.28% | 56.37% |
| D&A For Ebitda | 616.50M | 610.73M | 582.01M | 574.81M | 568.42M | 419.59M |
| EBIT | 277.47M | 289.16M | 301.68M | 324.69M | 267.38M | 237.18M |
| EBIT Margin | 17.54% | 18.22% | 19.40% | 21.00% | 18.65% | 20.36% |
| Funds From Operations (FFO) | 670.75M | 744.83M | 738.02M | 747.88M | 719.61M | 559.35M |
| FFO Per Share | 6.24 | 6.77 | 6.70 | 6.78 | 6.59 | 5.39 |
| Adjusted Funds From Operations (AFFO) | 744.83M | 738.02M | 747.88M | 628.90M | 485.75M | |
| AFFO Per Share | 6.77 | 6.70 | 6.78 | 5.76 | 4.68 | |
| FFO Payout Ratio | 68.36% | 61.89% | 61.10% | 58.15% | 55.14% | 61.33% |
| Effective Tax Rate | 1.30% | 1.01% | 1.68% | 0.88% | 0.45% | 0.60% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Property, Plant & Equipment | 8.25B | 8.57B | 8.58B | 8.86B | 9.07B | 7.10B |
| Total Real Estate Assets | 8.45B | 8.71B | 8.58B | 8.86B | 9.07B | 7.10B |
| Cash & Equivalents | 44.72M | 25.20M | 21.05M | 259.69M | 10.69M | 613.39M |
| Accounts Receivable | 8.05M | 8.88M | 8.99M | 5.00K | 64.00K | 4.56M |
| Investment In Debt and Equity Securities | 18.00M | 20.00M | 16.60M | 14.30M | 11.10M | |
| Restricted Cash | 10.72M | 12.04M | 11.16M | 8.36M | 6.75M | 5.59M |
| Other Current Assets | 627.35M | 600.00K | 11.90M | 13.30M | 14.10M | |
| Other Long-Term Assets | 294.20M | 261.69M | 215.74M | 225.48M | 212.27M | 241.20M |
| Total Assets | 9.46B | 9.04B | 8.85B | 9.38B | 9.33B | 7.98B |
| Current Portion of Long-Term Debt | 541.00M | 565.50M | 799.70M | |||
| Current Portion of Leases | 700.00K | 1.20M | ||||
| Long-Term Debt | 3.35B | 2.75B | 3.49B | 2.92B | 3.68B | 3.17B |
| Long-Term Leases | 24.00M | 21.50M | 3.20M | 6.00M | 8.40M | 10.00M |
| Accounts Payable | 217.23M | 248.09M | 215.18M | 222.60M | 211.37M | 191.65M |
| Accrued Expenses | 99.26M | 92.38M | 78.53M | 96.52M | 95.55M | 66.67M |
| Other Current Liabilities | 147.97M | 114.97M | 113.55M | 110.43M | 103.63M | 88.79M |
| Other Long-Term Liabilities | 240.27M | 225.81M | 208.91M | 180.99M | 171.15M | 183.05M |
| Total Liabilities | 5.58B | 4.60B | 4.10B | 4.33B | 4.27B | 3.71B |
| Common Stock | 1.16M | 1.16M | 1.16M | 1.16M | 1.16M | 1.13M |
| Additional Paid-In Capital | 5.95B | 5.95B | 5.93B | 5.91B | 5.90B | 5.36B |
| Distributions in Excess of Earnings | -1.13B | -969.24M | -897.93M | -613.65M | -581.53M | -829.45M |
| Treasury Stock | -1.03B | -620.50M | -359.73M | -320.36M | -328.68M | -333.97M |
| Comprehensive Income & Other | 2.77M | 2.17M | 974.00K | -1.25M | -1.77M | -3.74M |
| Total Common Equity | 3.80B | 4.36B | 4.68B | 4.98B | 4.99B | 4.20B |
| Minority Interest | 76.19M | 75.73M | 71.99M | 71.01M | 70.30M | 68.77M |
| Shareholders' Equity | 3.88B | 4.44B | 4.75B | 5.05B | 5.06B | 4.27B |
| Total Liabilities & Equity | 9.46B | 9.04B | 8.85B | 9.38B | 9.33B | 7.98B |
| Total Debt | 4.87B | 3.92B | 3.49B | 3.72B | 3.69B | 3.18B |
| Net Cash (Debt) | -4.83B | -3.90B | -3.47B | -3.46B | -3.68B | -2.57B |
| Net Cash Per Share | -45.58 | -35.95 | -31.95 | -31.64 | -33.94 | -24.96 |
| Filing Date Shares Outstanding | 102.55M | 106.36M | 108.65M | 108.88M | 108.64M | 103.43M |
| Total Common Shares Outstanding | 102.55M | 106.36M | 108.65M | 108.88M | 108.64M | 112.58M |
| Book Value Per Share | 37.08 | 41.01 | 43.03 | 45.75 | 45.90 | 37.29 |
| Tangible Book Value | 3.80B | 4.36B | 4.68B | 4.98B | 4.99B | 4.20B |
| Tangible Book Value Per Share | 37.08 | 41.01 | 43.03 | 45.75 | 45.90 | 37.29 |
| Land | 1.70B | 1.79B | 1.72B | 1.71B | 1.72B | 1.35B |
| Buildings | 11.27B | 11.79B | 11.32B | 10.99B | 10.67B | 8.62B |
| Construction In Progress | 301.22M | 278.23M | 401.54M | 486.86M | 524.98M | 474.74M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 326.21M | 384.46M | 163.29M | 403.31M | 653.61M | 303.91M |
| Depreciation & Amortization | 616.50M | 610.73M | 582.01M | 574.81M | 568.42M | 419.59M |
| Gain (Loss) on Sale of Assets | -281.72M | -260.91M | -43.81M | -225.42M | -36.37M | -174.38M |
| Gain (Loss) on Sale of Investments | 4.86M | -474.15M | ||||
| Asset Writedown | 12.92M | 12.92M | 40.99M | |||
| Stock-Based Compensation | 16.84M | 16.96M | 15.17M | 14.51M | 12.82M | 15.40M |
| Income (Loss) on Equity Investments | -33.00K | -132.00K | ||||
| Change in Accounts Payable | 31.81M | 18.29M | -3.34M | 13.64M | -2.99M | 14.79M |
| Change in Other Net Operating Assets | 69.33M | 33.44M | 12.09M | 4.34M | 6.90M | -11.27M |
| Other Operating Activities | 10.71M | 10.74M | 8.47M | 9.76M | 16.50M | 9.57M |
| Operating Cash Flow | 807.44M | 826.62M | 774.88M | 794.95M | 744.71M | 577.47M |
| Acquisition of Real Estate Assets | -1.02B | -862.07M | -397.54M | -416.53M | -1.52B | -1.06B |
| Sale of Real Estate Assets | 383.82M | 365.91M | 114.47M | 290.66M | 70.54M | 254.72M |
| Net Sale / Acq. of Real Estate Assets | -635.24M | -496.17M | -283.06M | -125.87M | -1.45B | -807.99M |
| Other Investing Activities | -9.61M | -3.37M | -2.17M | -1.26M | -6.83M | 3.60M |
| Investing Cash Flow | -644.85M | -499.54M | -285.23M | -127.13M | -1.46B | -804.39M |
| Short-Term Debt Issued | 588.11M | |||||
| Long-Term Debt Issued | 588.00M | 981.95M | 1.83B | 1.06B | ||
| Total Debt Issued | 1.54B | 1.18B | 981.95M | 1.83B | 1.06B | |
| Long-Term Debt Repaid | -766.00M | -1.21B | -1.81B | -1.07B | ||
| Net Debt Issued (Repaid) | 1.02B | 410.11M | -226.05M | 18.49M | -8.00M | |
| Issuance of Common Stock | 516.76M | 759.21M | ||||
| Repurchase of Common Stock | -703.70M | -270.65M | -50.00M | |||
| Common Dividends Paid | -458.54M | -460.95M | -450.96M | -434.88M | -396.82M | -343.04M |
| Other Financing Activities | -8.97M | -553.00K | 1.52M | -825.00K | -2.01M | 5.20M |
| Net Cash Flow | 14.18M | 5.03M | -235.84M | 250.61M | -601.54M | 194.45M |
| Levered Free Cash Flow | 139.68M | 767.72M | 679.96M | 723.62M | 742.21M | 541.48M |
| Unlevered Free Cash Flow | 232.09M | 854.12M | 761.09M | 806.99M | 813.10M | 602.29M |
| Cash Interest Paid | 137.18M | 139.62M | 129.64M | 128.87M | 111.07M | 97.30M |
| Cash Income Tax Paid | 4.92M | 3.48M | 2.82M | 3.59M | 3.22M | 2.18M |
| Change in Working Capital | 101.14M | 51.73M | 8.75M | 17.98M | 3.91M | 3.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 10.61B | 11.94B | 12.61B | 10.81B | 12.15B | 18.26B |
| Enterprise Value | 15.44B | 15.73B | 16.10B | 14.53B | 15.86B | 21.08B |
| Last Close Price | 100.69 | 106.74 | 108.34 | 89.31 | 96.70 | 150.10 |
| Price/FFO Ratio | 18.16 | 15.77 | 16.17 | 13.17 | 14.67 | 27.84 |
| Price/AFFO Ratio | 15.77 | 16.17 | 13.17 | 16.79 | 32.06 | |
| PE Ratio | 33.15 | 31.11 | 77.34 | 26.84 | 18.62 | 60.19 |
| PS Ratio | 6.63 | 7.52 | 8.11 | 6.99 | 8.47 | 15.67 |
| PB Ratio | 2.72 | 2.69 | 2.66 | 2.14 | 2.40 | 4.28 |
| P/OCF Ratio | 12.99 | 14.44 | 16.27 | 13.60 | 16.32 | 31.62 |
| EV/Sales Ratio | 9.68 | 9.91 | 10.35 | 9.39 | 11.06 | 18.09 |
| EV/EBITDA Ratio | 17.13 | 17.48 | 18.22 | 16.15 | 18.97 | 32.09 |
| EV/EBIT Ratio | 55.19 | 54.39 | 53.38 | 44.73 | 59.31 | 88.87 |
| Debt / Equity Ratio | 1.26 | 0.88 | 0.73 | 0.74 | 0.73 | 0.74 |
| Debt / EBITDA Ratio | 5.42 | 4.34 | 3.93 | 4.12 | 4.39 | 4.81 |
| Net Debt / Equity Ratio | 1.25 | 0.88 | 0.73 | 0.69 | 0.73 | 0.60 |
| Net Debt / EBITDA Ratio | 5.40 | 4.33 | 3.92 | 3.85 | 4.40 | 3.91 |
| Asset Turnover | 0.17 | 0.18 | 0.17 | 0.17 | 0.17 | 0.15 |
| Quick Ratio | 0.03 | 0.02 | 0.07 | 0.21 | 0.03 | 1.78 |
| Current Ratio | 0.35 | 0.03 | 0.10 | 0.23 | 0.07 | 1.84 |
| Return on Equity (ROE) | 7.89% | 8.60% | 3.49% | 8.12% | 14.19% | 8.03% |
| Return on Assets (ROA) | 1.87% | 2.02% | 2.07% | 2.17% | 1.93% | 1.95% |
| Return on Invested Capital (ROIC) | 3.20% | 3.45% | 3.49% | 3.67% | 3.29% | 3.33% |
| Earnings Yield | 3.02% | 3.22% | 1.29% | 3.73% | 5.38% | 1.66% |
| Dividend Yield | 4.16% | 3.74% | 3.55% | 4.03% | 3.36% | 2.05% |
| Payout Ratio | 137.99% | 119.89% | 276.17% | 107.83% | 60.71% | 112.88% |
| Buyback Yield / Dilution | 2.43% | 0.10% | 0.79% | -0.93% | -5.41% | -3.41% |
| Total Shareholder Return | 6.64% | 3.84% | 4.34% | 3.10% | -2.04% | -1.36% |