Camden Property Trust Stock Research

Market Summary

USD103.92+0.98

Market Closed

0.95%

CPT Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)

CPT Stock Price

CPT RSI Chart

CPT Valuation

Market Cap

11.3B

Price/Earnings (Trailing)

18.35

Price/Sales (Trailing)

7.57

Price/Free Cashflow

14.8

CPT Price/Sales (Trailing)

CPT Profitability

Return on Equity

13.11%

Return on Assets

7.01%

Free Cashflow Yield

6.76%

CPT Fundamentals

CPT Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

21.46%

Revenue Q/Q

0.6%

CPT Earnings

Earnings (TTM)

614.8M

Earnings Y/Y

-48.09%

Earnings Q/Q

-8.3%

Price Action

52 Week Range

97.74146.56

(Low)(High)

Last 7 days

-2.4%

Last 30 days

-0.1%

Last 90 days

-10.7%

Trailing 12 Months

-25.7%

CPT Financial Health

CPT Investor Care

Dividend Yield

3.68%

Dividend/Share (TTM)

3.82

Shares Dilution (1Y)

3.07%

Diluted EPS (TTM)

5.62

Peers (Alternatives to Camden Property Trust)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	50.3B	4.3B	-0.67%	-7.84%	11.56	11.69	18.80%	113.99%
DLR	28.8B	4.9B	1.25%	-24.57%	77.2	5.88	9.82%	-73.28%
EQR	22.6B	2.0B	-1.01%	-20.50%	24.61	11.43	-20.93%	-31.79%
ARE	19.1B	2.7B	-6.88%	-30.41%	25.48	7.14	18.91%	81.13%
KIM	13.2B	1.7B	-4.07%	-25.83%	104.43	7.61	15.49%	-81.09%
MID-CAP
FRT	7.1B	1.1B	-8.04%	-21.25%	18.25	6.51	10.19%	46.60%
KRG	4.3B	814.4M	-2.26%	-4.29%	465.69	5.23	63.41%	107.43%
VNO	2.6B	1.8B	-10.72%	-60.29%	-6.95	1.42	9.23%	-286.27%
MAC	2.0B	857.9M	-0.32%	-17.87%	-23.05	2.35	-1.75%	-315.36%
SMALL-CAP
SKT	2.1B	421.5M	12.31%	19.76%	23.93	5.05	1.34%	437.34%
SLG	1.4B	862.4M	-3.29%	-61.71%	-11.46	1.67	7.01%	-127.00%
AIV	1.2B	184.6M	6.32%	29.74%	12.67	6.33	2.55%	1950.56%
PGRE	923.1M	745.2M	2.66%	-52.44%	-24.26	1.24	2.17%	-183.81%

Financials for Camden Property Trust

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	4.7%	1,490	1,423	1,352	1,273	1,187
S&GA Expenses	0.9%	61.00	60.00	59.00	60.00	60.00
Interest Expenses	7.3%	122	113	107	103	98.00
Net Income	-5.9%	615	654	821	820	353
Net Income Margin	-24.3%	0.46*	0.61*	0.64*	0.30*	-
Free Cahsflow	3.7%	745	718	664	611	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.4%	9,295	9,328	9,414	9,486	8,463
Cash Equivalents	91.1%	20.00	11.00	62.00	72.00	1,130
Liabilities	0.5%	4,292	4,271	4,306	4,309	4,176
Shareholder's Equity	-1.1%	4,933	4,987	5,038	5,177	4,287
Additional Paid-In Capital	0.1%	5,903	5,897	5,894	5,891	5,396
Shares Outstanding	0.1%	109	108	108	105	-
Minority Interest	-0.1%	70.00	70.00	70.00	70.00	70.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	2.3%	762	745	718	664	611
Share Based Compensation	3.5%	13.00	13.00	13.00	13.00	15.00
Cashflow From Investing	-3.1%	-1,500	-1,456	-1,396	-1,575	-761
Cashflow From Financing	-436.2%	-369	110	314	611	948
Dividend Payments	3.7%	412	397	381	364	348

Risks for CPT

What is the probability of a big loss on CPT?

40.8%

Probability that Camden Property Trust stock will be more than 20% underwater in next one year

33.1%

Probability that Camden Property Trust stock will be more than 30% underwater in next one year.

18.9%

Probability that Camden Property Trust stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CPT drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Camden Property Trust was unfortunately bought at previous high price.

Drawdowns

Returns for CPT

Cumulative Returns on CPT

7.9%

10-Year Cumulative Returns

6.7%

7-Year Cumulative Returns

6.9%

5-Year Cumulative Returns

6.7%

3-Year Cumulative Returns

What are the long-term rolling returns for CPT?

FIve years rolling returns for Camden Property Trust.

Annualized Returns

Which funds bought or sold CPT recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	Toroso Investments, LLC	added	197	3,955,000	6,166,000	0.10%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-9.15	-484,075	2,771,970	-%
2023-05-22	AMERIPRISE FINANCIAL INC	added	27.14	4,872,750	30,315,800	0.01%
2023-05-18	Harvest Portfolios Group Inc.	reduced	-10.87	-67,513	342,303	0.02%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-2.72	-996,000	10,265,000	0.01%
2023-05-18	JPMORGAN CHASE & CO	reduced	-10.00	-39,857,800	214,661,000	0.03%
2023-05-17	Advisory Services Network, LLC	added	86.29	43,217	101,171	-%
2023-05-17	VIRGINIA RETIREMENT SYSTEMS ET AL	reduced	-45.49	-7,454,220	7,775,660	0.08%
2023-05-17	Chevy Chase Trust Holdings, LLC	added	4.46	-144,806	6,709,970	0.03%
2023-05-17	KB FINANCIAL PARTNERS, LLC	sold off	-100	-3,000	-	-%

Latest Funds Activity

Are funds buying CPT calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CPT

No. of Funds

Camden Property Trust News

Schedule 13G FIlings of Camden Property Trust

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	1.2%	1,304,697	SC 13G/A
Feb 14, 2023	cohen & steers, inc.	11.29%	12,027,130	SC 13G/A
Feb 09, 2023	vanguard group inc	16.32%	17,385,085	SC 13G/A
Feb 08, 2023	state street corp	6.43%	6,845,289	SC 13G/A
Jan 24, 2023	blackrock inc.	9.2%	9,803,756	SC 13G/A
Sep 12, 2022	cohen & steers, inc.	10.09%	10,746,698	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	6.3%	6,477,850	SC 13G
Feb 10, 2022	state street corp	5.41%	5,525,832	SC 13G/A
Feb 09, 2022	vanguard group inc	14.23%	14,543,303	SC 13G/A
Jan 27, 2022	blackrock inc.	12.4%	12,700,923	SC 13G/A

CPT Fair Value

Camden Property Trust fair value in different scenarios

The table shows the Fair Value estimates for Camden Property Trust for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	73.30 -29.46%	98.50 -5.22%	129.40 24.52%	159.16 53.16%	189.20 82.06%
Current Inflation	68.37 -34.21%	89.95 -13.44%	115.92 11.55%	140.80 35.49%	165.89 59.63%
Very High Inflation	62.23 -40.12%	79.61 -23.39%	100.00 -3.77%	119.45 14.94%	139.01 33.77%

Historical Camden Property Trust Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Camden Property Trust

View All Filings

Date Filed	Form Type	Document
May 23, 2023	8-K	Current Report
May 22, 2023	424B5	Prospectus Filed
May 16, 2023	8-K	Current Report
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading

Latest Insider Trading transactions for CPT

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-12	Benito Javier	acquired	-	-	2,082	-
2023-05-12	Sevilla-Sacasa Frances Aldrich	acquired	-	-	2,082	-
2023-05-12	WESTBROOK KELVIN R	acquired	-	-	2,082	-
2023-05-12	Brunner Heather J.	acquired	-	-	2,082	-
2023-05-12	INGRAHAM SCOTT S	acquired	-	-	2,082	-
2023-05-12	Khator Renu	acquired	-	-	2,082	-
2023-05-12	Gibson Mark	acquired	-	-	2,082	-
2023-05-12	WEBSTER STEVEN A	acquired	-	-	2,082	-
2023-05-10	Jessett Alexander J.	gifted	-150,004	110	-1,352	evp - finance & cfo
2023-05-05	CAMPO RICHARD J	sold	-588,938	110	-5,337	chairman and ceo

About Camden Property Trust

Richard J. Campo

www.camdenliving.com

1700

Camden 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 ForÃ‚Â® 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.

CPT Income Statement

2023-03-31

Condensed Consolidated Statements Of Income And Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Property revenues
Property revenues	$ 378,163	$ 311,359
Property expenses
Property operating and maintenance	85,285	70,437
Real estate taxes	49,396	39,873
Total property expenses	134,681	110,310
Non-property income/(loss)
Fee and asset management	578	2,450
Interest and other income	62	2,131
Income/(loss) on deferred compensation plans	5,912	(7,497)
Total non-property income/(loss)	6,552	(2,916)
Other expenses
Property management	8,297	7,214
Fee and asset management	413	1,175
General and administrative	15,356	14,790
Interest	32,843	24,542
Depreciation and amortization	142,444	113,138
Expense/(benefit) on deferred compensation plans	5,912	(7,497)
Total other expenses	205,265	153,362
Gain on sale of operating property	0	36,372
Equity in income of joint ventures	0	3,048
Income from continuing operations before income taxes	44,769	84,191
Income tax expense	(1,150)	(590)
Net income	43,619	83,601
Less income allocated to non-controlling interests	(1,702)	(2,856)
Net income attributable to common shareholders	$ 41,917	$ 80,745
Earnings per share – basic	$ 0.39	$ 0.77
Earnings per share – diluted	$ 0.39	$ 0.76
Weighted average number of common shares outstanding – basic	108,568	105,336
Weighted average number of common shares outstanding – diluted	108,604	106,152
Condensed Consolidated Statements of Comprehensive Income
Net income	$ 43,619	$ 83,601
Other comprehensive income
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation	359	369
Comprehensive income	43,978	83,970
Less income allocated to non-controlling interests	(1,702)	(2,856)
Comprehensive income attributable to common shareholders	$ 42,276	$ 81,114

CPT Balance Sheet

2023-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Land	$ 1,722,881	$ 1,716,273
Buildings and improvements	10,778,795	10,674,619
Real estate assets, at cost, total	12,501,676	12,390,892
Accumulated depreciation	(3,987,438)	(3,848,111)
Net operating real estate assets	8,514,238	8,542,781
Properties under development, including land	515,134	524,981
Total real estate assets	9,029,372	9,067,762
Accounts receivable – affiliates	12,121	13,364
Other assets, net	226,394	229,371
Cash and cash equivalents	20,419	10,687
Restricted cash	6,863	6,751
Total assets	9,295,169	9,327,935
Liabilities
Unsecured notes payable	3,232,682	3,165,924
Secured notes payable	515,134	514,989
Accounts payable and accrued expenses	191,468	211,370
Accrued real estate taxes	48,084	95,551
Distributions payable	110,444	103,628
Other liabilities	193,804	179,552
Total liabilities	4,291,616	4,271,014
Commitments and contingencies (Note 11)
Equity
Common shares of beneficial interest; $0.01 par value per share; 175,000 shares authorized; 117,738 and 117,734 issued; 115,652 and 115,636 outstanding at March 31, 2023 and December 31, 2022, respectively	1,156	1,156
Additional paid-in capital	5,903,437	5,897,454
Distributions in excess of net income attributable to common shareholders	(648,457)	(581,532)
Treasury shares, at cost (8,889 and 9,090 common shares at March 31, 2023 and December 31, 2022, respectively)	(321,431)	(328,684)
Accumulated other comprehensive loss	(1,415)	(1,774)
Total common equity	4,933,290	4,986,620
Non-controlling interests	70,263	70,301
Total equity	5,003,553	5,056,921
Total liabilities and equity	$ 9,295,169	$ 9,327,935