CPT Stock Recent News

Camden Property Trust is a multi-family REIT with conservative leverage and a focus on high-growth markets. The company has a strong balance sheet, active capital recycling, and a track record of value creation. Despite a higher valuation, CPT still offers an attractive investment opportunity with potential upside.

HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE: CPT) (the “Company”) announced today that it will participate in Nareit's REITweek 2024 Investor Conference which is being held June 3-6, 2024. The Company also provided operating statistics for second quarter 2024 as detailed below. Same Property Occupancy 1Q24 April 2024 May 2024* Occupancy 95.0% 95.2% 95.2%         Same Property New Lease and Renewal Data – Date Signed(1) 1Q24 April 2024 May 2024* New Lease Rates (4.1)% (1.8)% (1.8)% Ren.

Camden Property Trust is a multifamily REIT with conservative leverage and a focus on high-growth markets. The company maintains a strong balance sheet and has a track record of value creation for its properties. While the yield may not be high, the overall safety of the business makes it an attractive investment opportunity.

Although the revenue and EPS for Camden (CPT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Camden (CPT) came out with quarterly funds from operations (FFO) of $1.67 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to FFO of $1.66 per share a year ago.