Start here if you're new
what it is
Camden owns, builds, and runs about 177 apartment communities across the Southern U.S.
how it gets paid
Last year Camden Property made $13M in revenue. stabilized apartment operations was the main engine at $8.1M, or 62% of sales.
why it's growing
Revenue grew 81.7% last year. Quarterly revenue was $8 million, up 200% vs. prior year, according to the provided earnings data.
what just happened
Camden posted EPS of $1.43 versus a $0.35 estimate, a 308.57% surprise.
At a glance
A balance sheet — strong enough to weather a downturn
40/100 earnings predictability — expect surprises
42.7x trailing p/e — you're paying up for this one
4.1% dividend yield — cash in your pocket every quarter
4.0% return on capital — nothing to write home about
xvary composite: 55/100 — below average
What they do
Camden owns, builds, and runs about 177 apartment communities across the Southern U.S.
Camden wins by being boring at scale. It runs about 177 properties with roughly 60,000 apartment homes, and occupancy held at 95.5%. Real estate investment trust → a company built to own income-producing property → so what: you are buying a large apartment machine that stays mostly full.
How they make money
$13M
annual revenue · their business grew +81.7% last year
stabilized apartment operations
$8.1M
newly delivered communities
$2.1M
development and lease-up
$1.5M
fees and other property income
$0.8M
dispositions and ancillary income
$0.5M
The products that matter
multifamily rental housing
apartment communities
172 properties · $1.56B property revenue
this is the whole business: 172 communities generating $1.56B in annual property revenue.
core asset base
existing-property rent growth
same-store portfolio
2.6% outlook · down from 3.8%
management expects 2.6% same-store revenue growth this year, down from 3.8% last year. that's the slowdown you are being asked to underwrite.
growth pressure
leased occupancy base
occupied units
95.5% occupancy
occupancy held at 95.5%. that's the cushion while new-lease pricing stays under pressure.
stability buffer
Key numbers
4.1%
dividend yield
Dividend yield → your annual cash payout on the stock price → so what: you get paid 4.1% while the price target implies only about 5% upside.
42.7x
trailing p/e
Price-to-earnings → how many dollars you pay for $1 of profit → so what: 42.7x is expensive for a landlord with a 4.0% return on capital.
95.5%
occupancy
Occupancy → how full the apartments are → so what: Camden is running nearly full, which supports rent collection even in a slower market.
$110
18-month target
Target price → a forecast of where shares may trade → so what: $110 is only about $5.35 above today's $104.65 price.
Financial health
A
strength
- balance sheet grade A — very strong financial position
- risk rank 2 — safer than 80% of stocks
- price stability 90 / 100
- net profit margin 15.0% — keeps 15 cents of every dollar in revenue
- return on equity 5% — $0.05 profit for every $1 investors have put in
A — among the top-rated companies for balance sheet quality.
Total return vs. market
You invested $10,000 in CPT 3 years ago → it's now worth $10,120.
The index would have given you $13,920.
source: institutional data · total return
What just happened
beat estimates
Camden posted EPS of $1.43 versus a $0.35 estimate, a 308.57% surprise.
Quarterly revenue was $8 million, up 200% vs. prior year, according to the provided earnings data. The source picture is messy, but the quarter itself landed far ahead of expectations.
$8M
revenue
$1.43
eps
58.0%
gross margin
the number that mattered
The 308.57% earnings surprise mattered most because it shows expectations were set extremely low relative to what Camden delivered.
-
camden property trust has been finding it hard to make progress this year.
-
camden’s apartment portfolio is heavily concentrated in the southern part of the country.markets, such as texas and arizona, have become competitive due to overbuilding in the apartment sector. rental rates for new leases have remained under pressure for much of the past year, although management has been able to lift rates for renewals.
-
occupancy has held steady at the 95.5% mark.
-
for 2025, camden is on track to post revenues of $1.58 billion, up slightly for the year.
-
controlling operating expenses will be crucial.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
the #1 risk is sunbelt apartment oversupply in markets like texas and arizona.
high
sunbelt supply glut
new apartment construction is already pressuring lease rates in core markets. if supply stays elevated, the 2.6% same-store revenue target gets harder to hit.
high-impact
med
premium multiple compression
the stock trades at 28.4x earnings versus a 20.6x industry average. if growth looks more like a bond substitute than a growth story, that premium can disappear.
med-impact
med
higher-rate refinancing pressure
camden carries $3.9B in debt and an 88% debt-to-equity ratio. the A balance sheet helps, but refinancing still gets more expensive when rates stay high.
med-impact
med
steady occupancy, weak earnings conversion
95.5% occupancy looks healthy, but a 40/100 predictability score and 5% return on equity tell you fullness is not automatically flowing through to strong earnings.
med-impact
these risks pressure both sides of the story at once — the $1.56B property-revenue base and the premium valuation investors are paying for it.
source: institutional data · regulatory filings · risk analysis
Pay attention to
the key metric
same-store revenue growth
management is guiding to 2.6% after 3.8% last year. if that number slips again, the stock's premium multiple gets harder to defend.
calendar
q1 2026 earnings report
expected april 30, 2026. the headline EPS range to watch is $1.64–$1.68, but occupancy and new-lease rate commentary will matter more.
market risk
texas and arizona supply data
camden's problem is not demand disappearing. it is new units showing up faster than landlords would prefer.
trend
renewals versus new leases
renewal increases have helped offset weak new-lease pricing. if that gap closes, revenue growth will feel it quickly.
Analyst rankings
earnings predictability
40 / 100
in human-speak, analysts do not think this earnings line is especially clean or easy to forecast.
balance sheet quality
A
this is the stabilizer. you are not buying a fragile landlord.
price stability
90 / 100
the stock has traded more like a defensive income vehicle than a high-beta growth name.
source: institutional data
Institutional activity
258 buyers vs. 292 sellers in 3q2025. total institutional holdings: 0.1B shares.
source: institutional data
Price targets
3-5 year target range
$89
$130
$105
current price
$110
target midpoint · +5% from current · 3-5yr high: $185 (+75% · 18% ann'l return)
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive