Camden Property Trust (CPT) 10-Year Financial Performance & Capital Metrics

CPT • • REIT / Real Estate

Real EstateResidential REITsMultifamily ApartmentsNational Multifamily Operators

AboutCamden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company's portfolio will increase to 59,104 apartment homes in 174 properties. Camden has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.Show more

Revenue $1.54B +0.1%
FFO $745M -23.8%
FFO/Share 6.87 -23.2%
FFO Payout 60.51% +36.1%
FFO per Share 6.87 -23.2%
NOI Margin 61.18% -1.5%
FFO Margin 48.28% -23.9%
ROE 3.33% -58.2%
ROA 1.79% -58.5%
Debt/Assets 39.38% -0.6%
Net Debt/EBITDA 3.94 +2.5%
Book Value/Share 43.74 -5.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 60.5%
✓High NOI margin of 61.2%
✓Healthy dividend yield of 3.8%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y6.93%

5Y8.46%

3Y10.52%

TTM1.55%

Profit (Net Income) CAGR

10Y-5.65%

5Y-5.76%

3Y-18.7%

TTM-21.98%

EPS CAGR

10Y-7.58%

5Y-7.54%

3Y-20.27%

TTM-21.84%

ROCE

10Y Avg3.69%

5Y Avg3.34%

3Y Avg3.47%

Latest3.53%

Peer Comparison

National Multifamily Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
UDRUDR, Inc.	12.25B	37.08	142.62	2.72%	8.8%	3.61%	4.94%	1.35
CPTCamden Property Trust	11.53B	108.35	72.23	0.12%	17.15%	5.84%	3.31%	0.73
MAAMid-America Apartment Communities, Inc.	15.86B	135.44	30.16	1.98%	25.23%	9.24%	4.89%	0.81
AVBAvalonBay Communities, Inc.	25.6B	180.80	23.79	5.27%	38.81%	9.61%	5.51%	0.69
EQREquity Residential	23.27B	61.17	22.49	3.69%	37.58%	10.09%	5.39%	0.73
AIVApartment Investment and Management Company	854.37M	5.93	-8.01	11.6%	125.34%	95.46%		3.82

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	892.93M	876.45M	900.9M	954.5M	1.03B	1.04B	1.14B	1.42B	1.54B	1.54B
Revenue Growth %	0.13%	-0.02%	0.03%	0.06%	0.08%	0.01%	0.1%	0.24%	0.08%	0%
Property Operating Expenses	350.22M	340.33M	358.42M	373.61M	397.4M	422.98M	447.88M	529.2M	584.34M	599.34M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	280.18M	290.7M	306.38M	344.45M	380.78M	409.99M	469.53M	632.25M	633.87M	647.24M
G&A Expenses	46.23M	47.41M	50.59M	50.73M	53.2M	53.62M	59.37M	60.41M	62.51M	72.36M
EBITDA+	467.59M	883.31M	1.12B	537.39M	586.56M	578.03M	646.87M	838.33M	898.63M	879.28M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	240.94M	637.89M	886.2M	300.95M	336.27M	367.16M	420.69M	577.02M	574.81M	582.01M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	226.64M	245.42M	236.09M	236.44M	250.29M	210.87M	226.18M	261.31M	323.82M	297.26M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	97.31M	93.14M	86.75M	84.26M	80.71M	91.53M	97.3M	113.42M	133.4M	129.81M
Interest Coverage	2.33x	2.63x	2.72x	2.81x	3.10x	2.30x	2.32x	2.30x	2.43x	2.29x
Non-Operating Income	-111.05M	-304.72M	-52.74M	300.95M	-55.78M	-11.21M	-185.38M	-1.72M	-223.78M	-6.32M
Pretax Income+	240.38M	457M	202.08M	162.12M	225.36M	130.55M	314.27M	664.47M	414.2M	173.77M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	1.87M	1.62M	1.22M	1.42M	1.09M	1.97M	1.89M	2.97M	3.65M	2.93M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	249.31M	819.82M	196.42M	156.13M	219.62M	123.91M	303.91M	653.61M	403.31M	163.29M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-0.15%	2.29%	-0.76%	-0.21%	0.41%	-0.44%	1.45%	1.15%	-0.38%	-0.6%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	-0.05%	1.97%	-0.26%	-0.58%	0.22%	-0.12%	0.48%	0.7%	-0.21%	-0.24%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	2.76	9.12	2.12	1.64	2.22	1.24	2.96	6.03	3.70	1.50
EPS Growth %	-0.16%	2.3%	-0.77%	-0.23%	0.35%	-0.44%	1.39%	1.04%	-0.39%	-0.59%
EPS (Basic)	2.77	9.15	2.15	1.64	2.23	1.24	2.97	6.07	3.73	1.50
Diluted Shares Outstanding	89.49M	89.9M	92.52M	95.37M	99.38M	99.44M	102.83M	108.39M	109.4M	108.54M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	6.04B	6.03B	6.17B	6.22B	6.75B	7.2B	7.98B	9.33B	9.38B	8.85B
Asset Growth %	-0%	-0%	0.02%	0.01%	0.09%	0.07%	0.11%	0.17%	0.01%	-0.06%
Real Estate & Other Assets+	355.32M	142.01M	195.76M	205.45M	6.67B	6.73B	7.32B	9.28B	497.78M	8.79B
PP&E (Net)	5.61B	5.49B	5.55B	5.93B	10.6M	9.2M	6.9M	6M	8.59B	0
Investment Securities	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Current Assets+	41.69M	369.85M	401.84M	66.52M	49.33M	444.69M	637.64M	30.8M	279.95M	41.2M
Cash & Equivalents	10.62M	237.36M	368.49M	34.38M	23.18M	420.44M	613.39M	10.69M	259.69M	21.05M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	5.97M	8.46M	9.31M	9.22M	4.32M	4.09M	5.59M	6.75M	8.36M	11.16M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Total Liabilities	3.07B	2.86B	2.61B	2.78B	3.05B	3.68B	3.71B	4.27B	4.33B	4.1B
Total Debt+	2.72B	2.48B	2.2B	2.32B	2.52B	3.17B	3.17B	3.68B	3.72B	3.49B
Net Debt	2.71B	2.24B	1.84B	2.29B	2.5B	2.75B	2.56B	3.67B	3.46B	3.46B
Long-Term Debt	2.72B	2.48B	2.2B	2.32B	2.52B	3.17B	3.17B	3.64B	3.18B	3.49B
Short-Term Borrowings	0	0	0	0	0	0	0	1000K	1000K	-1000K
Capital Lease Obligations	0	0	0	0	15M	13M	10M	8.4M	6M	3.2M
Total Current Liabilities+	242.85M	256.01M	252.64M	276.21M	307.1M	325.91M	347.11M	410.55M	969.44M	407.26M
Accounts Payable	133.35M	137.81M	128.31M	146.87M	171.72M	175.61M	191.65M	211.37M	222.6M	215.18M
Deferred Revenue	-19M	-173.8M	-173.7M	-446.7M	-3.1M	3.7M	-386.3M	-246.6M	0	0
Other Liabilities	97.81M	118.96M	154.57M	184M	200.58M	176.83M	183.05M	171.16M	183.69M	212.11M
Total Equity+	2.97B	3.17B	3.56B	3.44B	3.7B	3.52B	4.27B	5.06B	5.05B	4.75B
Equity Growth %	0.01%	0.07%	0.12%	-0.03%	0.08%	-0.05%	0.21%	0.19%	-0%	-0.06%
Shareholders Equity	2.9B	3.09B	3.48B	3.36B	3.63B	3.44B	4.2B	4.99B	4.98B	4.68B
Minority Interest	76.34M	80.68M	79.35M	73.68M	73.04M	71.68M	68.77M	70.3M	71.01M	71.99M
Common Stock	976K	978K	1.03M	1.03M	1.07M	1.07M	1.13M	1.16M	1.16M	1.16M
Additional Paid-in Capital	3.66B	3.68B	4.14B	4.15B	4.57B	4.58B	5.36B	5.9B	5.91B	5.93B
Retained Earnings	-457.64M	-289.18M	-368.7M	-495.5M	-584.17M	-791.08M	-829.45M	-581.53M	-613.65M	-897.93M
Preferred Stock	0	0	0	0	0	0	0	0	0	0
Return on Assets (ROA)	0.04%	0.14%	0.03%	0.03%	0.03%	0.02%	0.04%	0.08%	0.04%	0.02%
Return on Equity (ROE)	0.08%	0.27%	0.06%	0.04%	0.06%	0.03%	0.08%	0.14%	0.08%	0.03%
Debt / Assets	0.45%	0.41%	0.36%	0.37%	0.37%	0.44%	0.4%	0.39%	0.4%	0.39%
Debt / Equity	0.92x	0.78x	0.62x	0.68x	0.68x	0.90x	0.74x	0.73x	0.74x	0.73x
Net Debt / EBITDA	5.80x	2.54x	1.64x	4.26x	4.26x	4.75x	3.95x	4.38x	3.85x	3.94x
Book Value per Share	33.21	35.29	38.50	36.05	37.25	35.36	41.49	46.66	46.18	43.74

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	423.24M	443.06M	434.66M	503.75M	555.6M	519.32M	577.47M	744.71M	794.95M	774.88M
Operating CF Growth %	0.01%	0.05%	-0.02%	0.16%	0.1%	-0.07%	0.11%	0.29%	0.07%	-0.03%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	258.26M	455.38M	200.86M	160.69M	224.27M	128.58M	312.38M	661.51M	410.55M	170.84M
Depreciation & Amortization	257.08M	250.15M	263.97M	300.95M	336.27M	367.16M	420.69M	577.02M	574.81M	582.01M
Stock-Based Compensation	17.67M	20.12M	17.55M	16.75M	15.23M	13.94M	15.4M	12.82M	14.51M	15.17M
Other Non-Cash Items	-95.12M	-647.31M	-38.44M	20.37M	-58.28M	131K	-174.52M	-510.55M	-222.9M	-1.9M
Working Capital Changes	-5.71M	281K	-4.85M	9.55M	38.09M	9.51M	3.52M	3.91M	17.98M	8.75M
Cash from Investing+	-293.31M	690.41M	-189.75M	-640.92M	-792.45M	-429.6M	-804.39M	-1.46B	-127.13M	-285.23M
Acquisitions (Net)	0	622.98M	0	0	367.34M	0	375.24M	-1.07B	0	0
Purchase of Investments	0	-100M	-58.27M	-290M	-436.31M	0	-629.96M	-70.54M	0	0
Sale of Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	132.27M	1.13B	9.33M	-281.69M	-384.89M	-4.56M	-375.68M	59.3M	-121.53M	108.5M
Cash from Financing+	-273.23M	-904.24M	-112.92M	-197.03M	220.74M	307.32M	421.37M	109.93M	-417.21M	-725.49M
Dividends Paid	-253.13M	-663.36M	-280.76M	-298M	-317.25M	-333.36M	-343.04M	-396.82M	-434.88M	-450.96M
Common Dividends	-253.13M	-663.36M	-280.76M	-298M	-317.25M	-333.36M	-343.04M	-396.82M	-434.88M	-450.96M
Debt Issuance (Net)	-1000K	-1000K	-1000K	1000K	1000K	1000K	0	-1000K	1000K	-1000K
Share Repurchases	0	0	0	-14.67M	0	0	0	0	0	-50M
Other Financing	-11.06M	6.2M	1.8M	1.54M	-2.46M	1.85M	5.2M	-2.01M	-825K	1.52M
Net Change in Cash+	-143.3M	229.24M	131.98M	-334.2M	-16.1M	397.03M	194.45M	-601.54M	250.61M	-235.84M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	153.92M	16.59M	245.83M	377.81M	43.6M	27.5M	424.53M	618.98M	17.44M	268.05M
Cash at End	10.62M	245.83M	377.81M	43.6M	27.5M	424.53M	618.98M	17.44M	268.05M	32.21M
Free Cash Flow+	-2.34M	100.11M	135.57M	144.52M	148.04M	92.07M	148.75M	295.28M	384.02M	381.14M
FCF Growth %	0.97%	43.86%	0.35%	0.07%	0.02%	-0.38%	0.62%	0.99%	0.3%	-0.01%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	5.48	16.21	11.7	4.79	5.59	4.94	7.05	11.35	8.94	6.87
FFO Payout Ratio	51.63%	45.51%	25.93%	65.2%	57.07%	67.88%	47.34%	32.25%	44.46%	60.51%
NOI Margin	60.78%	61.17%	60.22%	60.86%	61.36%	59.48%	60.84%	62.8%	62.11%	61.18%
Net Debt / EBITDA	5.80x	2.54x	1.64x	4.26x	4.26x	4.75x	3.95x	4.38x	3.85x	3.94x
Debt / Assets	45.13%	41.15%	35.71%	37.33%	37.4%	43.99%	39.74%	39.46%	39.59%	39.38%
Interest Coverage	2.33x	2.63x	2.72x	2.81x	3.10x	2.30x	2.32x	2.30x	2.43x	2.29x
Book Value / Share	33.21	35.29	38.5	36.05	37.25	35.36	41.49	46.66	46.18	43.74
Revenue Growth	12.99%	-1.85%	2.79%	5.95%	7.75%	1.49%	9.56%	24.41%	8.38%	0.12%

Revenue by Segment

	2018
Real Estate, Other	112.46M
Real Estate, Other Growth	-
Management Fee Revenue	7.23M
Management Fee Revenue Growth	-

Frequently Asked Questions

Valuation & Price

Camden Property Trust (CPT) has a price-to-earnings (P/E) ratio of 72.2x. This suggests investors expect higher future growth.

Growth & Financials

Camden Property Trust (CPT) reported $1.57B in revenue for fiscal year 2024. This represents a 162% increase from $599.4M in 2011.

Camden Property Trust (CPT) grew revenue by 0.1% over the past year. Growth has been modest.

Yes, Camden Property Trust (CPT) is profitable, generating $269.1M in net income for fiscal year 2024 (10.6% net margin).

Dividend & Returns

Yes, Camden Property Trust (CPT) pays a dividend with a yield of 3.83%. This makes it attractive for income-focused investors.

Camden Property Trust (CPT) has a return on equity (ROE) of 3.3%. This is below average, suggesting room for improvement.

Industry Metrics

Camden Property Trust (CPT) generated Funds From Operations (FFO) of $875.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Camden Property Trust (CPT) offers a 3.83% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

US Stock Screener

...