Skip to main content
CPT logo

CPT · Camden Property Trust

Track CPT — free
$99.15 +0.75 (+0.76%) At close · Nov 13
Market Cap
$9.92B
Shares
100.07M
Volume · Nov 13 636.21K Avg daily vol (3M) 991.17K

Price & Indicators

Drag to pan · scroll to zoom
20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$99.15 Open$99.39 Day$98.53–99.39 52W close$95.80–117.58 Avg vol 30d921K Short int5.5M · 5.5% of shares · 6.1d Short vol37% Last earningsNov 6, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 6

Up next

Feb 5, 2027 Est · unconfirmed · in 12 wks

Latest documents

2026
Nov 6
Earnings call
Same-store outlook cut as core FFO guidance is maintained

Camden Property Trust reported third-quarter core FFO of $1.71 per share, above guidance, while maintaining full-year core FFO guidance of $6.73 to $6.77 per share. It cut full-year same-store revenue growth guidance to 0.0% and NOI growth to negative 1.0%.

3 source passages
We reported third quarter core FFO of $1.71 per share, two cents above the $1.69 midpoint of our guidance, driven primarily by higher third-party construction fees and higher interest and other income. For the full year, we are maintaining our core FFO midpoint of $6.75 per share with an updated range of $6.73 to $6.77. The midpoint of our revised same-store guidance is within the range we gave at the beginning of the year with revenue growth of 0.0% compared to our prior outlook of 0.5%, Expense growth of 1.75% compared to 2.5%, NOI growth of negative 1.0% compared to negative 0.6%. Open the document at this passage
Nov 6
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Net income surges on major California property sales

Camden Property Trust reported net income of $900.4 million for the three months ended September 30, 2026, versus $108.9 million in 2025, driven by $973.0 million of gains from selling 11 California properties for approximately $1.6 billion.

Revenue $4.38M ▲ 70.6% Net income $900.39M ▲ 726.5% Diluted EPS $8.71 ▲ 771.0%
Read from the MD&A section
2 source passages
Net income attributable to common shareholders was $900.4 million for the three months ended September 30, 2026, compared to $108.9 million for the same period in 2025. During the three months ended September 30, 2026, we sold 11 operating properties, comprised of 3,620 apartment homes in Los Angeles/Orange County and San Diego/Inland Empire, California, for an aggregate of approximately $1.6 billion in July. We recognized a gain of approximately $973.0 million, which is included in gain on sale of operating properties, including land in our condensed consolidated statements of income and comprehensive income. Open the document at this passage
Nov 5
Current report 8-K
California portfolio sale drives third-quarter EPS surge

Camden Property Trust reported EPS of $8.71 and FFO of $1.70 for the three months ended September 30, 2026. EPS included approximately $9.37 per share from the California portfolio sale. 2026 Core FFO guidance is $6.73 - $6.77.

Financial results Read from the first part of this long document
5 source passages
Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and nine months ended September 30, 2026. EPS(1) | $8.71 | $1.00 | $9.26 | $2.10 FFO | $1.70 | $1.67 | $4.52 | $5.04 (1) For the three months ended September 30, 2026, EPS included approximately $9.37 per share of gain on sale of the California portfolio, partially offset by $0.83 per share of impairments associated with land development activities. Core FFO(1) | $1.63 - $1.67 | $6.73 - $6.77 | $6.75 | $6.75 | $0.00 | Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$14.93M
Trailing 12 months
Net income (TTM)
$1.12B
Trailing 12 months
Revenue growth YoY
+70.6%
Year over year
Operating margin
—
Trailing 12 months
P / FFO
15.9×
Company-stated · TTM · reciprocal yield 6.3%
P / AFFO
17.0×
Company-stated · TTM · reciprocal yield 5.9%
P / E (TTM)
9.2
Trailing earnings · reciprocal yield 10.8%
Net cash
−$4.06B
Latest balance sheet
Dividend yield
4.3%
Trailing 12 months
Shares change YoY
-4.4%
Year over year · fewer shares
Price change (1Y)
-2.6%
Trailing year
Short interest
5.5%
Latest settlement · 6.1 days to cover
View all 129 metrics

AI Brief

Q3 FY26 earnings call · Nov 6, 2026
Q3 FY26

TL;DR. Camden exceeded its third-quarter Core FFO guidance midpoint, delivered improving lease-rate growth and reduced expense growth, and maintained ample liquidity with limited near-term debt maturities. The outlook remains constrained by weaker same-store revenue and NOI guidance, persistent concessions, softer seasonality, reduced acquisition activity, and development-site impairments.

Bullish
  • + Third-quarter core FFO of $1.71 per share exceeded the $1.69 guidance midpoint by two cents.
  • + Third-quarter blended lease-rate growth improved 120 basis points sequentially to positive 1%.
  • + The full-year same-store expense-growth outlook improved by 75 basis points to 1.75%.
  • + Camden retained ample liquidity and substantial balance-sheet flexibility.
  • + Camden has no significantly dilutive debt maturities over the next eight quarters.
  • + Apartment completions in Camden's Sunbelt markets fell to a seven-year low, while rising rates, commodity prices and labor shortages constrained new construction starts.
Bearish
  • − Camden reduced its full-year same-store revenue-growth midpoint to 0.0% from 0.5% and its NOI-growth midpoint to negative 1.0% from negative 0.6%.
  • − Greater-than-expected September seasonality caused Camden to reduce its same-store revenue and NOI outlook.
  • − Persistent concessions remained a drag on new-lease and blended-lease growth.
  • − Fourth-quarter core FFO guidance implies a sequential decline of $0.06 per share from the third quarter.
  • − Camden canceled two operating-community acquisitions and one land parcel and does not anticipate further acquisitions in 2026.
  • − Camden recorded non-cash impairment charges on the Nashville and Denver development sites and the Arts District parcel.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Bearish Fundamentals Excellent Quant / Vol Low
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −6%
below
Price vs 50-day avg −1%
below
RSI (14) 46
neutral
MACD trend Negative
52-week position 15%
mid-range
Momentum
relative strength
Very Weak
1-month return +1%
trailing
6-month return −8%
trailing
YTD return −10%
this year
Relative strength −8%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $100 › 200d $106 — 200d above 50d
Institutional flow Distributing
506 of 578 funds reported for Sep 30 · net -2.3M sh shares · +57 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
5.53% of shares out · ▲ +5.5% MoM · 6.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
578 holders — mid 3-yr range
Squeeze score 58
elevated · 0–100
Fundamentals
Excellent
Revenue growth +82%
Y/Y
EPS growth +136%
Y/Y
Valuation P/E 9.2
below peers
Buyback $247.9M
remaining
Balance sheet $3.9B
net debt
Quant / Vol
risk profile
Low
Volatility 20%
annualized · 1-yr
Max drawdown −19%
past year
ATR 2.1%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 3 of last 3
Latest guidance · from the Earnings Call filed Nov 6, 2026
fourth quarter
Core FFO Non-GAAP $1.63 – $1.67
full year
Core FFO Non-GAAP $6.73 – $6.77
Revenue growth 0%
full-year
Full-year same-store expense growth 1.75%
Previous outlook earlier release · from the 8-K filed Nov 5, 2026

Still-open targets the latest release did not restate under the same label.

EPS · 4Q26 $0.12 – $0.16
EPS · 2026 $9.42 – $9.46
Expenses · 2026 1.5% – 2%
NOI · 2026 -1.5% – -0.5%
Prior guidance period ended · from the Earnings Call filed Jul 31, 2026
Core FFO per share · third quarter $1.69
Guided vs delivered · last 3 settled
EPS 2Q26
guided $0.13 – $0.17
$0.18 Beat +20.0%
EPS 1Q26
guided $0.22 – $0.26
$0.40 Beat +66.7%
EPS 2025
guided $2.42 – $2.46
$3.54 Beat +45.1%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
2 · 4 · 0
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−6% Bearish
Price vs 50-day avg
−1% Neutral
RSI (14)
46 Neutral
MACD trend
Negative Bearish
52-week position
15% Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $100 › 200d $106 — 200d above 50d
Institutional flow Distributing
506 of 578 funds reported for Sep 30 · net -2.3M sh shares · +57 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
5.53% of shares out · ▲ +5.5% MoM · 6.1 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
578 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $96 Now $99 · 15% Range high $118
vs 200-day avg -6% vs 50-day avg -1%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Same store communities NOI change non-GAAP -1.4% Three Months Ended June 30, 2026 filing —
Adjusted EBITDAre non-GAAP 444.23M Six months ended June 30, 2026 —
Annualized Adjusted EBITDAre non-GAAP $888.46M Six Months Ended June 30, 2026 —
Core adjusted funds from operations non-GAAP $309.87M Six Months Ended June 30, 2026 —
Core adjusted funds from operations - diluted non-GAAP $1.39 Three Months Ended June 30, —
Core AFFO per common share - Diluted non-GAAP $2.95 Six months ended June 30, 2026 —
Core FFO per common share - Diluted non-GAAP $3.39 Six months ended June 30, 2026 —
Core funds from operations non-GAAP $356.16M Six Months Ended June 30, 2026 —
Core funds from operations - diluted non-GAAP $1.68 Three Months Ended June 30, —
Disposition/Other NOI non-GAAP 5.25M Q2 2026 —
Effective New Lease Rates -3.3% 2Q26 —
Effective Renewal Rates 2.8% 2Q26 —
FFO per common share - Diluted non-GAAP $2.82 Six months ended June 30, 2026 —
Funds from operations non-GAAP $297.04M Six Months Ended June 30, 2026 —
Funds from operations - diluted non-GAAP $1.68 Three Months Ended June 30, —
Gross turnover of apartment homes (annualized) 50% Three Months Ended June 30, 2026 —
Held for Sale Communities NOI non-GAAP 22.57M Q2 2026 —
Net Debt non-GAAP $4.44B Six Months Ended June 30, 2026 —
Net Operating Income non-GAAP 500.7M Six months ended June 30, 2026 —
Net operating income (Development and Lease-Up Communities) non-GAAP $1.75M Six months ended June 30, 2026 —
Net operating income (Disposition/Other) non-GAAP $6.72M Six months ended June 30, 2026 —
Net operating income (Held for Sale Communities) non-GAAP $45.42M Six months ended June 30, 2026 —
Net operating income (Non-"Same Property" Communities) non-GAAP $29.32M Six months ended June 30, 2026 —
Net operating income (Same Property Communities) non-GAAP $417.49M Six months ended June 30, 2026 —
Net turnover (excludes on-site transfers and transfers to other Camden communities) 39% Three Months Ended June 30, 2026 —
Non-recurring & revenue enhancing capitalized expenditures $956K Six months ended June 30, 2026 —
Non-Same Property NOI non-GAAP 15.71M Q2 2026 —
Occupancy 95.7% 2Q26 —
Property Net Operating Income - "Same Property" Communities non-GAAP 207.43M Three Months Ended June 30, —
Property Net Operating Income - Development and Lease-Up Communities non-GAAP 1.04M Three Months Ended June 30, —
Property Net Operating Income - Disposition/Other non-GAAP 5.25M Three Months Ended June 30, —
Property Net Operating Income - Held for Sale Communities non-GAAP 22.57M Three Months Ended June 30, —
Property Net Operating Income - Non-"Same Property" Communities non-GAAP 15.71M Three Months Ended June 30, —
Recurring Capitalized Expenditures $46.29M Six months ended June 30, 2026 —
Reposition Expenditures $41.93M Six months ended June 30, 2026 —
Repositioned Apartment Homes 1,171 Six months ended June 30, 2026 —
Same Property NOI non-GAAP 207.43M Q2 2026 —
Total operating apartment homes in operating properties 59,676 As of June 30, 2026 —
Total operating properties 176 As of June 30, 2026 —
Total Property Net Operating Income non-GAAP 252M Three Months Ended June 30, —
Weighted Average Apartment Homes 58,472 Six months ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

REIT - Residential — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
CPT
Camden Property Trust
this stock
$9.92B -9.9% +81.7% 9.2 5.5%
VMRK
Vivmark Residential
$49.76B +1.9% +4.8% 802.8 2.5%
ESS
Essex Property Trust, Inc.
$17.57B +4.4% +6.4% 50.8 3.5%
INVH
Invitation Homes Inc.
$15.47B -3.4% +4.2% 23.6 3.4%
SUI
Sun Communities Inc
$14.44B -4.3% +2.0% — 5.9%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
591
% held
101.7%
Reported
506 of 578
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
598
View
Short & Settlement
Short Interest Rising
Shares short
5.5M
Days to cover
6.1d
Change
+289.2K sh
View
Short Volume
Short vol %
37%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
23
Value
$2.2K
As of
Sep 25, 2026
View
Off-Exchange
Off-exchange %
38.1%
Week of
Oct 5, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Buy
Member
Alan Armstrong
Amount
$1.0K–$15.0K
Traded
Mar 27, 2026
View
Financials
Financials
Revenue (FY)
$13.0M
Net income (FY)
$384.5M
EPS diluted
$3.54
View
Buybacks
Authorized
$600.0M
Remaining
$247.9M
Spent Remaining
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 6, 2026
This year
25

Camden Property Trust reported net income of $900.4 million for the three months ended September 30, 2026, versus $108.9 million in 2025, driven by $973.0 million of gains from selling 11 California properties for approximately $1.6 billion.

View
Proposed Sales
Value
$3.4M
Shares
30.0K
Filed
Jun 5, 2026
View
Earnings & Events
Webcasts
Last webcast
Nov 6, 2026
View
Investor Relations
Latest news
Camden Property Trust Announces T…
Published
Nov 5, 2026
View

Performance

5D 20D 120D MTD YTD
CPT -0.3% +0.6% -8.0% -1.5% -9.9%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -2.9% +1.7% -8.5% -1.4% -20.6%

Capital returns

Latest dividend
$1.06 / share · ex Sep 30, 2026
Raised 1%
Paid (TTM)
$4.23 / share · 4 payouts
Dividend yield (TTM, derived)
4.27%
Full dividend history
Buyback program · as of Sep 30, 2026
Authorized
$600.00M
Spent (derived)
$352.10M
Remaining
$247.90M
Spent Remaining

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 906345 CUSIP 133131102 13F (30d) 462 filings 414 filers Visit website Investor relations