Camden Property Trust (CPT)
Real Estate · $13.5B market cap · SEC CIK 0000906345
fundamentals score out of 100
Next reports on Oct 22, 2026, after the close, with analysts expecting $0.30 in earnings per share.
The case for CPT
- 21% of revenue drops through to net profit.
- Earnings per share up 112.3%.
- Pays a 4.5% dividend while you wait.
- Gross margin of 61% absorbs cost shocks.
- Moves less than the market (beta 0.77).
The case against
- Pricey at 41.3× earnings, against a long-run market average nearer 20×.
- Near the bottom of its 52-week range, 17% below the high. Falling prices usually have a reason; find it first.
- Priced at 8.6× sales with revenue growing only 0.5%.
- Revenue was flat on the year (+0.5%).
- Return on equity of only 8%.
- Current liabilities exceed current assets (ratio 0.41).
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Real Estate companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 35 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 62 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 52 |
| Momentumhow the price has behaved lately | 26 |
| Stabilityhow violently it moves, what it owes and what it pays you | 74 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Real Estate companies.
Key numbers
| Price / earnings | 41.3× |
|---|---|
| Price / book | 3.03× |
| Price / sales | 8.6× |
| Revenue growth (YoY) | +0.5% |
| EPS growth (YoY) | +112.3% |
| Gross margin | 61% |
| Operating margin | 4% |
| Net margin | 21% |
| Return on equity | 8% |
| Debt / equity | 1.28× |
| Current ratio | 0.41 |
| Dividend yield | 4.51% |
| Beta | 0.77 |
| 52-week range | $96.53 – $119.81 |
| Position in that range | 12% of the way up |
| 3-month return | -9.3% |
| 1-year return | -8.5% |
Five years of financials, as filed
Pulled from Camden Property Trust's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $13.0M | $7.1M | $3.5M | $5.2M | $10.5M |
| Net income | $384M | $163M | $403M | $654M | $304M |
| Operating cash flow | $827M | $775M | $795M | $745M | $577M |
| Total assets | $9.0B | $8.9B | $9.4B | $9.3B | $8.0B |
| Total liabilities | $4.6B | $4.1B | $4.3B | $4.3B | $3.7B |
| Shareholder equity | $4.4B | $4.7B | $5.0B | $5.0B | $4.2B |
| Cash | $25.2M | $21.0M | $260M | $10.7M | $613M |
| Long-term debt | $3.9B | $3.5B | $3.7B | $3.7B | $3.2B |
| Net margin | 2964.9% | 2288.0% | 11686.7% | 12598.6% | 2885.6% |
| Diluted shares | 108M | 109M | 109M | 108M | 103M |
Share count is up 5.5% over 4 years. Mild issuance.
What Camden Property Trust says it does
Formed on May 25, 1993, Camden Property Trust, a Texas real estate investment trust ("REIT"), and all consolidated subsidiaries are primarily engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. Unless the context requires otherwise, "we," "our," "us," and the "Company" refer to Camden Property Trust and its consolidated subsidiaries. Our multifamily apartment communities are referred to as "communities," "multifamily communities," "properties," or "multifamily properties" in the following discussion. Our website is located at www.camdenliving.com and we make available free of charge through our website our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K, and amendments to such reports, filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the…
Risk factors CPT lists in its 10-K
- Risks Associated with Capital Markets, Credit Markets, and Real Estate
- Volatility in capital and credit markets, cost increases, or other unfavorable changes in economic conditions, either nationally or regionally in one or more of the markets in which we operate, could adversely impact us
- Short-term leases could expose us to the effects of declining market rents
- We could be negatively impacted by the risks associated with land holdings and related activities
- Risks Associated with Our Operations
- Development, repositions, redevelopment and construction risks could impact our profitability
- Our acquisition strategy may not produce the cash flows expected
- Changes in rent control or rent stabilization laws and regulations could adversely affect our operations and property values
- Failure to qualify as a REIT could have adverse consequences
- Tax laws may continue to change at any time and any such legislative or other actions could have a negative effect on us
- A cybersecurity incident and other technology disruptions could negatively impact our business
- Risks Associated with Our Indebtedness and Financing
- We have significant debt, which could have adverse consequences
- Insufficient cash flows could limit our ability to make required payments for debt obligations or pay distributions to shareholders