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Camden Property Trust (NYSE:CPT ) Q2 2024 Earnings Conference Call August 2, 2022 11:00 AM ET Company Participants Kim Callahan - SVP, IR Ric Campo - Chairman & CEO Keith Oden - Executive Vice Chairman & President Alex Jessett - CFO Conference Call Participants Brad Heffern - RBC Capital Markets Austin Wurschmidt - KeyBanc Capital Markets Jamie Feldman - Wells Fargo John Kim - BMO Capital Markets Connor Mitchell - Piper Sandler Rob Stevenson - Janney Steve Sakwa - Evercore ISI Eric Wolfe - Citi Adam Kramer - Morgan Stanley Ami Probandt - UBS Rich Anderson - Wedbush David Segall - Green Street Kim Callahan Good morning, and welcome to Camden Property Trust Second Quarter 2024 Earnings Conference Call. I'm Kim Callahan, Senior Vice President of Investor Relations.

Camden Property Trust shares have outperformed the market, with Q2 results showing solid core FFO and revenue growth. Supply pressure in the apartment rental market may be abating, leading to potential improvement in rental rates, as seen by sequential improvement in July. Its strong balance sheet and higher guidance support the case for continued share price appreciation, especially with macro conditions improving and interest rates having peaked.

The headline numbers for Camden (CPT) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Camden (CPT) came out with quarterly funds from operations (FFO) of $1.71 per share, beating the Zacks Consensus Estimate of $1.67 per share. This compares to FFO of $1.70 per share a year ago.

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and six months ended June 30, 2024. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three and six months ended June 30, 2024 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the financial tabl.

TORONTO, July 11, 2024 (GLOBE NEWSWIRE) -- Profound Medical Corp. (NASDAQ:PROF; TSX:PRN) (“Profound” or the “Company”), a commercial-stage medical device company that develops and markets customizable, incision-free therapies for the ablation of diseased tissue, today announced that U.S. Centers for Medicare and Medicaid Services (CMS) has issued its proposed rules establishing, for the first time, a Category 1 CPT code for the Transurethral Ultrasound Ablation (“TULSA”) procedure, effective January 1, 2025.

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the “Company”) announced today that its second quarter 2024 earnings will be released after the market closes on Thursday, August 1, 2024. Management will host a conference call on the following day, Friday, August 2, 2024, at 10:00 AM Central Time. Conference Call Domestic Dial-In Number: (888) 317-6003 International Dial-In Number: (412) 317-6061 Passcode: 5174172 Webcast: https://investors.camdenliving.com The Company strongly encou.

American Medical Association issues Category I CPT code for the use of optical genome mapping in genome-wide analysis related to hematological malignancies

HOUSTON--(BUSINESS WIRE)--The Board of Trust Managers of Camden Property Trust (NYSE:CPT) (the “Company”) declared a second quarter cash dividend of $1.03 per share to holders of record as of June 28, 2024 of its Common Shares of Beneficial Interest. The dividend is to be paid on July 17, 2024. Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment.

Camden Property Trust is a REIT that owns and manages multifamily apartment communities. The company's portfolio is diversified across different states, property classes, and market types. More importantly, the company's performance has been solid, and the shares are trading at a good price.