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CPTCamden Property Trust
$99.44$10.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
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CPT logo

Camden Property Trust

CPT
NYSE · Residential REITs
$99.44
At close - Nov 6, 4:00 PM EST - USD
Market Cap$10B
P/E9.2x
52W High$119.81
Volume1.7M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Sunbelt Supply Pressures Mask Leverage-Fueled Expansion

Camden Property Trust faces decelerating revenue growth (-0.3% YoY in 2026Q2) amid Sunbelt supply headwinds, while leverage has risen sharply with debt-to-equity climbing to 1.25 from 0.71 in 2024Q1.

GrowthDecelerating
ProfitabilityStable
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

CPT price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

7/12 Beats

EPS beat 7 of last 12 quarters

02

Valuation risk

-58% Peers

P/E is 58% below peer median

03

Market leadership

RS 50 · Avg

Average momentum (RS Rating: 50)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has stalled at -0.3% YoY in 2026Q2, while NOI margin turned negative at -18.1% due to one-time charges, contrasting with the stable ~61% margins seen throughout 2025.

Analyst Consensus+12.9% target
Hold(41 analysts)
18 Buy20 Hold3 Sell

The Bull Case

Upside Catalysts

Strategic Capital Allocation

CPT is actively selling assets in Southern California to reinvest in higher-growth Sun Belt markets. This counter-cyclical strategy aims to capitalize on depressed valuations in regions like Atlanta, Dallas, Nashville, and Austin, positioning the company for stronger future performance.

Improving Market Fundamentals

While there are concerns about current supply levels in some markets, new construction starts are declining, and supply is expected to moderate in the Sun Belt region. This is anticipated to improve pricing power for landlords and benefit CPT's portfolio.

Strong Balance Sheet and Shareholder Returns

CPT maintains a strong balance sheet and offers an attractive dividend yield (around 4.11% to 4.2%), which is well-covered and expected to continue growing. The company is also aggressively repurchasing its stock, which is trading at a discount to its net asset value (NAV).

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CPT-6.85%
S&P 500 (^GSPC)+7.63%
1-Year Return
CPT+4.41%
S&P 500 (^GSPC)+9.69%
3-Year Return
CPT+27.19%
S&P 500 (^GSPC)+63.04%
5-Year Return
CPT-26.15%
S&P 500 (^GSPC)+52.11%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
9.2x
Forward P/E
100.1x
EV/EBITDA20th %ile
17.2x
FCF YieldCash Flow
7.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
9.2x
31.1x
0th· Low
EV/EBITDA
17.2x
18.3x
20th· Low
Price/FCF
14.0x
33.0x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$76.97-22.6%
Base (Fair)$103.86+4.4%
Bull$131.41+32.2%
$76.97 Bear$103.86 Base$131.41 Bull
Current Market Price: $99.44
Trades at a 4.3% discount to Base DCF ($103.86)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$1.57B+1.9% YoY
Net income FY25
$384M+135.4% YoY
Free cash flow FY25
$386M+1.3% YoY
Operating margin FY25
18.4%-0.9 pts YoY
ROIC (FY25)2.6%
Avg ROIC 5Y2.6%
ROE (TTM)26.2%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate7/12 (58%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.17-27.2%
vs $0.23
$381M-1.0%
vs $385M
Q3 2026
Jul 30, 2026
$0.18-41.5%
vs $0.31
$393M+0.0%
vs $393M
Q2 2026
Apr 30, 2026
$0.40+42.1%
vs $0.28
$389M+2.3%
vs $380M
Q1 2026
Feb 5, 2026
$1.44+321.8%
vs $0.34
$391M-0.7%
vs $393M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·1d ago
Camden Property Trust Q3 Earnings Call Highlights

Camden Property Trust NYSE: CPT reported third-quarter core funds from operations above its guidance midpoint, but lowered its full-year same-store revenue and net operating income forecasts after a sharper-than-expected seasonal slowdown in September.

Seeking Alpha·1d ago
Camden Property Trust (CPT) Q3 2026 Earnings Call Transcript

Camden Property Trust (CPT) Q3 2026 Earnings Call Transcript

Zacks Investment Research·1d ago
Camden Property's Q3 FFO Beats Estimates as Leasing Trends Improve

CPT tops Q3 FFO estimates as leasing trends improve and property expenses decline, but falling revenues and same-property NOI weigh on results.

Zacks Investment Research·2d ago
Compared to Estimates, Camden (CPT) Q3 Earnings: A Look at Key Metrics

The headline numbers for Camden (CPT) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Filtered for Camden Property TrustMore Headlines
04

Compare before deciding

Benchmark CPT against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Camden Property Trust (CPT)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CPT logoCPTCamden Property TrustCurrent
$99.44$10B9.241.92%71.53%26.22%4.27%
MAA logoMAAMid-America Apartment Communities, Inc.
$118.93$13.84B35.570.83%17.43%6.86%5.09%
UDR logoUDRUDR, Inc.
$36.58$11.89B16.982.42%40.75%19.52%4.69%
VMRK logoVMRKVivmark Residential
$65.51$50.69B-257.714.06%-4.19%-0.85%4.11%
ESS logoESSEssex Property Trust, Inc.
$272.18$17.49B50.007.11%17.99%6.28%3.73%
IRT logoIRTIndependence Realty Trust, Inc.
$15.00$3.54B57.362.76%9.19%1.75%4.38%

Compare CPT vs Peers

Camden Property Trust (CPT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MAA

Most directly comparable listed peer for CPT.

Scale Benchmark

vs PLD

Larger-name benchmark to compare CPT against a more recognizable public peer.

Peer Set

Compare Top 5

vs MAA, UDR, VMRK, ESS

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CPT SEC Filings & Documents

Camden Property Trust (CPT) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 31, 2026·SEC

Material company update

Aug 3, 2026·SEC

Material company update

Jul 30, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 31, 2026·SEC

FY 2026

May 1, 2026·SEC

FY 2025

Nov 7, 2025·SEC

Get notified when CPT posts new earnings or crosses analyst targets

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CPT Frequently Asked Questions

Camden Property Trust (CPT) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Camden Property Trust's revenue?

Camden Property Trust (CPT) reported $1.56B in revenue over the trailing twelve months. Revenue was $1.57B in fiscal year 2025. That is 1567% more than the $94.4M of fiscal year 1996.

How fast is Camden Property Trust growing?

Camden Property Trust (CPT) revenue fell by 0.4% over the trailing twelve months, compared with the twelve months before.

Is CPT profitable?

Yes. Camden Property Trust (CPT) earned $1.12B in net income over the trailing twelve months (a 71.5% net margin).

Dividend & Returns
Does CPT pay dividends?

Yes. Camden Property Trust (CPT) pays a dividend that yields 4.27% at the current price, a high yield.

What is CPT's return on equity?

Camden Property Trust (CPT) had a return on equity (ROE) of 26.2% over the trailing twelve months. That is well above the market's typical 10-15%.

Industry Metrics
What is Camden Property Trust's FFO?

Camden Property Trust (CPT) generated Funds From Operations (FFO) of $1.74B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is CPT a good dividend stock?

Camden Property Trust (CPT) offers a 4.27% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in CPT back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →