Camden Property Trust
Owns and develops apartment communities across the Sun Belt, Denver, and Washington DC.
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Profile
Owns, manages, develops, buys, and sells multifamily apartment communities across Sun Belt markets, Denver, and Washington, D.C., earning most income from resident rents and related property charges. Operates as a single-segment REIT tied to occupancy, local rent demand, development execution, and capital access.
Owns, manages, develops, redevelops, acquires, and constructs multifamily apartment communities across Sun Belt markets, Denver, and the Washington, D.C. area. Rental income from stabilized communities supplies the core business, while development and lease-up communities add new inventory. Selective acquisitions and property sales reshape the portfolio and recycle capital.
Builds local operating scale by clustering communities in core markets, supported by on-site leasing, maintenance, resident service, rent collection, and occupancy management. Results depend on local apartment demand, market rents, occupancy, operating and construction costs, development execution, and access to debt and equity capital. All continental U.S. apartment operations are aggregated into one reportable segment, and REIT rules require distributions tied to taxable income.
Company facts
Categories
Key statistics
Year to date −3.5% · Average volume (30d) 883.5K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 17, 2026 | Barclays | Reiterate | Equal Weight | $122 | $123 |
| Aug 12, 2026 | Morgan Stanley | Reiterate | Equal Weight | $120 | $118 |
| Aug 7, 2026 | Evercore ISI | Target | $113 | $114 | |
| Jul 31, 2026 | Stifel Nicolaus | Target | $118.75 | $123.25 | |
| Jul 22, 2026 | Wells Fargo | Reiterate | Outperform | $110 | $113 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $0.31 | $0.18 | −41.5% | $392.9M | $392.9M | 0.0% | −2.19% |
| Apr 30, 2026Q1 FY26 | $0.28 | $1.70 | +504.1% | $380.1M | $388.8M | +2.3% | −0.54% |
| Feb 5, 2026Q4 FY25 | $0.34 | $1.76 | +415.5% | $393.4M | $390.8M | −0.7% | +0.06% |
| Nov 6, 2025Q3 FY25 | $0.29 | $1.70 | +483.8% | $397.9M | $395.7M | −0.6% | +2.51% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $390.6M | $396.5M | $395.7M | $390.8M | $390.9M | $395.5M | |
| Gross profit | $240.6M | $242.5M | $240.2M | $243.1M | −$60.1M | −$71.7M | |
| Operating income | $75.1M | $71.8M | $63.6M | $78.3M | $75.2M | $63.1M | |
| Net income | $38.8M | $80.7M | $108.9M | $156.0M | $42.4M | $18.8M | |
| Diluted EPS | $0.36 | $0.74 | $1.00 | $1.43 | $0.40 | $0.18 | |
| Gross margin | 61.6% | 61.2% | 60.7% | 62.2% | -15.4% | -18.1% | |
| Operating margin | 19.2% | 18.1% | 16.1% | 20.0% | 19.2% | 16.0% |
Fiscal years (4-quarter sums)FY21 $1.14B · FY22 $1.42B · FY23 $1.54B · FY24 $1.54B · FY25 $1.57B
Balance sheet, Jun 30, 2026Cash & short-term investments $44.7M · Total debt $4.85B · Total assets $9.46B · Shareholders' equity $3.80B
Dividends
Raised for 16 straight years — most recently to $1.06 from $1.05 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 17 | $1.06 | |
| Mar 31, 2026 | Mar 31 | Apr 17 | $1.06 | raised from $1.05 |
| Dec 17, 2025 | Dec 17 | Jan 16 | $1.05 | |
| Sep 30, 2025 | Sep 30 | Oct 17 | $1.05 | |
| Jun 30, 2025 | Jun 30 | Jul 17 | $1.05 | |
| Mar 31, 2025 | Mar 31 | Apr 17 | $1.05 | raised from $1.03 |
| Dec 18, 2024 | Dec 18 | Jan 17 | $1.03 | |
| Sep 30, 2024 | Sep 30 | Oct 17 | $1.03 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 100.52M · Float —
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.70M | 10.65% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 8.34M | 8.30% | 13F | Aug 13, 2026 |
| FMR LLC | 7.73M | 7.69% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 6.56M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 6.50M | 6.47% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Richard J. Campo | director, officer: Executive Chairman | −30,000 | $112.42 |
| Feb 18, 2026 | Laurie Baker | officer: EVP - Chief Operating Officer | −2,168 | $108.40 |
| Feb 18, 2026 | Michael P. Gallagher | officer: Chief Accounting Officer | −169 | $108.43 |
| Jan 5, 2026 | Alexander J. Jessett | officer: President & CFO | −5,627 | $109.69 |
| Jan 6, 2026 | Richard J. Campo | director, officer: Chairman and CEO | −5,600 | $110.21 |
Peers
- Mid-America Apartment Communities
Sun Belt multifamily REIT with direct market overlap
- UDR
NYSE apartment REIT overlapping Sun Belt markets
- Independence Realty Trust
Non-gateway apartment REIT with overlapping markets
- AvalonBay Communities
Large apartment REIT overlapping expansion markets
- Equity Residential
Large apartment REIT with growth-market overlap
- NexPoint Residential Trust
Sun Belt value-add apartment REIT
- Essex Property Trust
West Coast apartment REIT peer for benchmarks
- Centerspace
Smaller apartment REIT peer for non-coastal benchmarks
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Camden Property Trust | $106.35 | +0.03% | $10.69B | 35.3 | 101.8 | 6.8 | −0.9% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| UDR | $37.12 | −0.01% | $11.93B | 23.6 | 64.3 | 6.9 | −0.6% |
| Independence Realty Trust | $16.31 | +0.03% | $3.84B | 88.9 | 91.7 | 5.8 | +3.0% |
| AvalonBay Communities | $184.06 | 0.00% | $26.28B | 25.4 | 35.5 | 8.5 | −6.3% |
| Equity Residential | $63.66 | −3.50% | $23.87B | 27.9 | 42.5 | 7.6 | +2.1% |
| NexPoint Residential Trust | $23.55 | −0.04% | $598.5M | — | — | 2.3 | +2.3% |
| Essex Property Trust | $284.03 | 0.00% | $18.25B | 44.2 | 47.4 | 9.5 | +3.6% |
| Centerspace | $52.48 | +0.01% | $881.8M | 41.7 | 443.1 | 3.3 | −4.0% |
| Median | 37.9 | 47.4 | 6.9 | +1.5% |