Camden Property Trust (CPT) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.27	$0.18	-33.3%	—	—	—
Q1 26	$0.25	-$0.24	-196.0%	—	$388.8M	—
Q4 25	$0.28	$0.39	+39.3%	—	$390.8M	—
Q2 25	$0.33	$0.31	-6.1%	—	$396.5M	—
Q1 25	$0.28	$0.36	+28.6%	—	$390.6M	—
Q4 24	$0.42	$0.37	-11.9%	—	$386.3M	—
Q3 24	$0.28	$0.34	+21.4%	—	$387.2M	—
Q2 24	$0.37	$0.4	+8.1%	—	$387.1M	—
Q1 24	$0.36	$0.38	+5.6%	—	$383.1M	—
Q4 23	$0.42	$0.42	0.0%	—	$387.6M	—
Q3 23	$0.42	$0.44	+4.8%	—	$390.8M	—
Q2 23	$0.35	$0.86	+145.7%	—	$385.5M	—
Q1 23	$0.32	$0.39	+21.9%	—	$378.2M	—
Q4 22	$0.33	$0.42	+27.3%	—	$375.9M	—
Q3 22	$0.35	$0.27	-22.9%	—	$373.8M	—
Q2 22	$0.55	$4.54	+725.5%	—	$361.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$3.54	—	—	$1.6B	—
FY24	—	$1.5	—	—	$1.5B	—
FY23	—	$3.71	—	—	$1.5B	—
FY22	—	$6.07	—	—	$1.4B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$876.4M	$900.9M	$954.5M	$1B	$1B	$1.1B	$1.4B	$1.5B	$1.5B	$1.6B
YoY change	+4.89%	+2.79%	+5.95%	+7.75%	+1.5%	+9.56%	+24.4%	+8.38%	+0.12%	+1.92%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	876.4M	900.9M	954.5M	1B	1B	1.1B	1.4B	1.5B	1.5B	1.6B
Cost of revenue	340.3M	358.4M	373.6M	397.4M	423M	447.9M	529.2M	584.3M	599.3M	607.2M
Gross profit	536.1M	542.5M	580.9M	631.1M	620.9M	695.7M	893.6M	957.7M	944.5M	966.3M
Gross margin	61.2%	60.2%	60.9%	61.4%	59.5%	60.8%	62.8%	62.1%	61.2%	61.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	47.4M	50.6M	50.7M	53.2M	53.6M	59.4M	60.4M	62.5M	72.4M	79.3M
Operating expenses	40.6M	42.4M	43.5M	44.5M	42.8M	48.8M	55.2M	59.1M	65.2M	66.4M
Operating income	245.4M	236.1M	236.4M	250.3M	210.9M	226.2M	261.3M	323.8M	297.3M	288.9M
Operating margin	28%	26.2%	24.8%	24.3%	20.2%	19.8%	18.4%	21%	19.3%	18.4%
Non-operating income, net	302.5M	49.7M	7.8M	52.7M	8.3M	184.2M	513.6M	222.9M	1.9M	248M
Pretax income	457M	202.1M	162.1M	225.4M	130.6M	314.3M	664.5M	414.2M	173.8M	398.9M
Income tax	1.6M	1.2M	1.4M	1.1M	2M	1.9M	3M	3.6M	2.9M	4M
Net income	838.2M	200.9M	160.7M	224.3M	128.6M	312.4M	661.5M	410.6M	170.8M	394.9M
Net margin	95.6%	22.3%	16.8%	21.8%	12.3%	27.3%	46.5%	26.6%	11.1%	25.1%
EBITDA	504.9M	509.9M	547.3M	604.4M	589M	657.9M	844.4M	899.5M	883.7M	900.2M
EPS	9.08	2.14	1.63	2.23	1.24	2.97	6.07	3.71	1.5	3.54
Diluted EPS	9.05	2.13	1.63	2.22	1.24	2.96	6.04	3.7	1.5	3.54

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	390.8M	387.6M	383.1M	387.1M	387.2M	386.3M	390.6M	396.5M	395.7M	390.8M	388.8M	—
Cost of revenue	148.4M	145.7M	148.4M	149.2M	153.8M	147.9M	150M	154M	155.5M	147.7M	151M	—
Gross profit	242.3M	241.8M	234.8M	237.9M	233.4M	238.4M	240.6M	242.5M	240.2M	243.1M	237.8M	—
Gross margin	62%	62.4%	61.3%	61.5%	60.3%	61.7%	61.6%	61.2%	60.7%	62.2%	61.2%	—
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	15.5M	15.7M	16.7M	18.2M	18.8M	18.7M	18.7M	21.2M	19.6M	19.8M	14.7M	—
Operating expenses	14.5M	14.7M	15.4M	15.5M	17.1M	17.1M	16.2M	18.6M	17M	14.6M	12.6M	—
Operating income	83.5M	82.2M	74.5M	76.5M	70.5M	75.8M	75.1M	71.8M	63.6M	78.3M	75.2M	—
Operating margin	21.4%	21.2%	19.5%	19.8%	18.2%	19.6%	19.2%	18.1%	16.1%	20%	19.3%	—
Non-operating income, net	—	176.5M	42.9M	—	-41M	0	—	47.3M	85.6M	115.1M	7.2M	—
Pretax income	50.6M	225.1M	86.7M	45.9M	-1.9M	43.2M	41.3M	83.8M	114.4M	159.4M	45.3M	—
Income tax	752K	897K	905K	1.1M	390K	572K	559K	1.2M	780K	1.4M	938K	—
Net income	49.8M	224.2M	85.8M	44.8M	-2.3M	42.6M	40.8M	82.6M	113.6M	158M	44.4M	—
Net margin	12.7%	57.8%	22.4%	11.6%	-0.6%	11%	10.4%	20.8%	28.7%	40.4%	11.4%	—
EBITDA	227.9M	227.5M	221.1M	224M	217.4M	221.2M	224.4M	224M	223.2M	228.6M	164.6M	—
EPS	0.44	2.04	0.77	0.4	-0.04	0.37	0.36	0.74	1	1.44	0.4	0.18
Diluted EPS	0.44	2.03	0.77	0.4	-0.04	0.37	0.36	0.74	1	1.44	0.4	0.18

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	7.5B	8.4B	8.4B	10.4B	9.9B	18.2B	12B	10.8B	12.6B	11.9B	11B
Enterprise value	9.7B	10.3B	10.7B	12.9B	12.7B	20.8B	15.7B	14.2B	16.1B	15.8B	16.3B
Shares outstanding	89.6M	91.5M	95.2M	98.5M	99.4M	102M	107.6M	108.7M	108.5M	108.4M	108.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	8.98	41.9	52.2	46.6	77.2	58.3	18.2	26.3	73.7	30.2	36.5
P/S	8.59	9.35	8.78	10.2	9.51	15.9	8.46	7	8.15	7.58	6.97
P/B	2.37	2.36	2.44	2.82	2.82	4.27	2.38	2.14	2.65	2.69	2.99
EV/EBITDA	19.2	20.1	19.5	21.4	21.5	31.6	18.6	15.8	18.2	17.6	18.2
EV/Sales	11	11.4	11.2	12.6	12.1	18.2	11	9.24	10.4	10	10.3
Earnings yield	11.1%	2.38%	1.92%	2.15%	1.29%	1.71%	5.49%	3.81%	1.36%	3.31%	2.74%
FCF yield	1.33%	1.61%	1.72%	1.42%	0.93%	0.82%	2.45%	3.56%	3.03%	3.24%	1.27%
PEG	—	—	—	—	—	—	—	—	—	—	-0.48

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	61.2%	60.2%	60.9%	61.4%	59.5%	60.8%	62.8%	62.1%	61.2%	61.4%	61.3%
Operating margin	28%	26.2%	24.8%	24.3%	20.2%	19.8%	18.4%	21%	19.3%	18.4%	16.1%
Net margin	95.6%	22.3%	16.8%	21.8%	12.3%	27.3%	46.5%	26.6%	11.1%	25.1%	20.6%
ROE	26.4%	5.64%	4.67%	6.06%	3.66%	7.32%	13.1%	8.13%	3.6%	8.9%	7.89%
ROA	13.9%	3.25%	2.58%	3.32%	1.79%	3.92%	7.09%	4.38%	1.93%	4.37%	1.87%
ROIC	4.6%	4.35%	4.09%	4.02%	3.32%	3.29%	2.98%	3.77%	3.56%	3.44%	3.44%
Return on tangible assets	13.9%	3.25%	2.58%	3.32%	1.79%	3.92%	7.09%	4.38%	1.93%	4.37%	4.4%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.44	1.59	0.24	0.16	1.36	1.84	0.07	0.65	0.1	0.1	0.35
Quick ratio	1.44	1.59	0.24	0.16	1.36	1.84	0.07	0.65	0.1	0.1	0.31
Debt / equity	0.78	0.62	0.68	0.68	0.9	0.74	0.73	0.74	0.73	0.88	1.26
Debt / assets	0.41	0.36	0.37	0.37	0.44	0.4	0.39	0.4	0.39	0.43	0.47
Net debt / EBITDA	4.24	3.6	4.18	4.14	4.66	3.89	4.35	3.84	3.92	4.31	5.01
Interest coverage	5.91	3.33	2.92	3.79	2.43	4.23	6.86	4.11	2.34	3.89	3.84
Effective tax rate	0.35%	0.61%	0.88%	0.48%	1.51%	0.6%	0.45%	0.88%	1.68%	1.01%	1.09%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	9.78	9.85	10	10.4	10.5	11.2	13.2	14.2	14.2	14.5	14.9
EPS (basic)	9.08	2.14	1.63	2.23	1.24	2.97	6.07	3.71	1.5	3.54	3.54
EPS (diluted)	9.05	2.13	1.63	2.22	1.24	2.96	6.04	3.7	1.5	3.54	3.04
Book value per share	35.4	38.9	36.1	37.6	35.4	41.8	47	46.5	43.8	41	37.1
FCF per share	1.12	1.48	1.52	1.5	0.93	1.46	2.74	3.53	3.51	3.56	3.53
Cash per share	3.77	4.03	0.36	0.24	4.23	6.01	0.1	2.39	0.19	0.23	0.44
Capex per share	—	—	—	—	—	—	—	—	—	4.06	4.06

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	28%	28%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	53.3%	53.3%
Payout ratio	79.1%	139.8%	185.4%	141.5%	259.3%	109.8%	60%	105.9%	264%	116.7%	139.3%
Dividend yield	8.81%	3.33%	3.55%	3.04%	3.36%	1.88%	3.3%	4.03%	3.58%	3.86%	3.83%

Yield

3.83%

trailing twelve months

Frequency

Quarterly

Last dividend

$1.06

ex-dividend Jun 30, 2026

Payout ratio

139%

of earnings

Dividend growth

4 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jun 30, 2026	$1.06
Mar 31, 2026	$1.06
Dec 17, 2025	$1.05

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$390.8M	$387.6M	$383.1M	$387.1M	$387.2M	$386.3M	$390.6M	$396.5M	$395.7M	$390.8M	$388.8M	—
YoY change	+4.55%	+3.11%	+1.32%	+0.43%	-0.91%	-0.33%	+1.94%	+2.42%	+2.18%	+1.16%	-0.46%	—

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	337.4M	368.5M	34.4M	23.2M	420.4M	613.4M	10.7M	259.7M	21M	25.2M
Receivables	24M	24M	22.9M	21.8M	20.2M	18.7M	13.4M	11.9M	9M	8.9M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	369.9M	401.8M	66.5M	49.3M	444.7M	637.6M	30.8M	280M	41.2M	46.1M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	6B	6.2B	6.2B	6.7B	7.2B	8B	9.3B	9.4B	8.9B	9B
Accounts payable	137.8M	128.3M	146.9M	171.7M	175.6M	191.7M	211.4M	222.6M	215.2M	248.1M
Short-term debt	—	—	—	—	—	—	42M	—	—	—
Total current liabilities	256M	252.6M	276.2M	307.1M	325.9M	347.1M	452.5M	429.5M	407.3M	455.4M
Long-term debt	2.5B	2.2B	2.3B	2.5B	3.2B	3.2B	3.6B	3.7B	3.5B	3.9B
Total liabilities	2.9B	2.6B	2.8B	3B	3.7B	3.7B	4.3B	4.3B	4.1B	4.6B
Shareholders' equity	3.2B	3.6B	3.4B	3.7B	3.5B	4.3B	5.1B	5.1B	4.7B	4.4B
Total debt	2.5B	2.2B	2.3B	2.5B	3.2B	3.2B	3.7B	3.7B	3.5B	3.9B
Net debt	2.2B	1.8B	2.3B	2.5B	2.7B	2.6B	3.7B	3.5B	3.5B	3.9B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Cash & short-term investments	20.3M	14.6M	259.7M	92.7M	93.9M	31.2M	21M	26.2M	33.1M	25.9M	25.2M	40.7M
Receivables	12.1M	12.1M	11.9M	10.3M	9.9M	9M	9M	8.9M	8.9M	8.9M	8.9M	8.1M
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	41M	35M	280M	111.3M	111.8M	51.3M	41.2M	46.7M	53.4M	46.2M	46.1M	138.4M
Property, plant & equipment	—	—	—	—	—	—	—	—	—	—	—	—
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	9.3B	9.2B	9.4B	9.1B	9.1B	8.9B	8.9B	9B	9.1B	9.1B	9B	9.1B
Accounts payable	192.6M	211.8M	222.6M	213.9M	212.2M	221.9M	215.2M	195.2M	206M	233M	248.1M	269.6M
Short-term debt	—	—	—	—	—	—	—	—	515.6M	429.6M	—	358.8M
Total current liabilities	396.7M	451M	429.5M	374.1M	416.5M	467.1M	407.3M	357.4M	929.6M	907.8M	455.4M	800.4M
Long-term debt	3.7B	3.7B	3.7B	3.6B	3.6B	3.5B	3.5B	3.7B	3.3B	3.3B	3.9B	3.9B
Total liabilities	4.3B	4.3B	4.3B	4.1B	4.2B	4.1B	4.1B	4.3B	4.5B	4.4B	4.6B	5B
Shareholders' equity	5B	4.9B	5.1B	5B	4.9B	4.8B	4.7B	4.7B	4.7B	4.6B	4.4B	4.1B
Total debt	3.7B	3.7B	3.7B	3.6B	3.6B	3.5B	3.5B	3.7B	3.8B	3.7B	3.9B	4.3B
Net debt	3.7B	3.6B	3.5B	3.5B	3.5B	3.4B	3.5B	3.7B	3.8B	3.7B	3.9B	4.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	455.4M	200.9M	160.7M	224.3M	128.6M	312.4M	661.5M	410.6M	170.8M	394.9M
Depreciation & amortization	250.1M	264M	300.9M	336.3M	367.2M	420.7M	577M	574.8M	582M	611M
Stock-based compensation	20.1M	17.5M	16.7M	15.2M	13.9M	15.4M	12.8M	14.5M	15.2M	17M
Change in working capital	-5.2M	-7.2M	7.6M	39.1M	-2.2M	4.3M	-19M	17M	26.5M	34.1M
Operating cash flow	720.4M	475.2M	486M	614.9M	507.4M	752.8M	758.2M	1B	794.5M	826.6M
Capital expenditure	—	—	—	—	—	—	—	—	—	-440.4M
Investing cash flow	-103.5M	90.7M	-3M	-16.2M	-3.1M	-435K	-11.2M	-6.9M	-6M	-446.2M
Dividends paid	-663.4M	-280.8M	-298M	-317.3M	-333.4M	-343M	-396.8M	-434.9M	-451M	-460.9M
Share repurchases	0	0	-14.7M	0	0	—	—	—	-50M	-270.7M
Financing cash flow	-2.5B	-577.9M	-197M	-952.3M	-94.7M	421.4M	109.9M	-417.2M	-725.5M	-322M
Net change in cash	-1.8B	-12M	286M	-353.5M	409.7M	1.2B	856.9M	592.8M	63.1M	58.4M
Free cash flow	100.1M	135.6M	144.5M	148M	92.1M	148.8M	295.3M	384M	381.1M	386.2M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q2 23	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26
Net income	92.9M	49.8M	224.2M	85.8M	44.8M	-2.3M	42.6M	40.8M	82.6M	113.6M	158M	44.4M
Depreciation & amortization	143.1M	144.4M	145M	144.8M	145.9M	145.8M	145.5M	149.3M	152.1M	159.5M	150.2M	150M
Stock-based compensation	3.5M	3.8M	3.6M	3.4M	3.6M	3.8M	4.4M	4.1M	4.2M	4.5M	4.2M	4.1M
Change in working capital	-11.7M	3.2M	28M	-5.5M	-13.4M	32.3M	13.1M	-13.2M	-6.5M	19.9M	33.9M	45.5M
Operating cash flow	227.8M	201.2M	400.8M	228.5M	181M	179.6M	205.5M	180.8M	232.4M	250.9M	196.8M	148.1M
Capital expenditure	—	—	—	—	—	—	—	—	—	-115.2M	-130M	-94M
Investing cash flow	-2.2M	-2.9M	-135K	-1.5M	-3M	568K	-2.1M	-1.2M	-1.6M	-115.7M	-132.5M	-96.7M
Dividends paid	-110.4M	-110.4M	-110.4M	-110.4M	-113.5M	-113.5M	-113.5M	-113.5M	-116M	-116M	-115.5M	-114.9M
Share repurchases	0	—	—	-45.7M	-4.3M	0	0	0	0	-50M	-220.7M	-262.8M
Financing cash flow	454.8M	-429.2M	-701.7M	-429.9M	-116.7M	-225.6M	-73.3M	133.3M	-26.4M	-253.1M	-175.9M	-35M
Net change in cash	680.4M	-231M	-301.1M	-202.9M	61.3M	-45.4M	130.2M	312.9M	204.4M	-117.9M	-111.6M	16.4M
Free cash flow	122.6M	138.3M	75.4M	29.8M	120.7M	165.4M	65.2M	69.8M	113.8M	135.8M	66.8M	54.1M

Camden Property Trust Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement