CAMDEN PROPERTY TRUST CPT
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.
As of December 31, 2025, we owned interests in, operated, or were developing 175 multifamily properties comprised of 59,921 apartment homes across the United States. Of the 175 properties, three properties were under construction and will consist of a total of 1,162 apartment homes when completed. We also own land holdings which we may develop into multifamily communities in the future.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.0M | $7.1M | $3.5M | $5.2M | $10.5M | $10.8M | $8.7M | $7.2M | $8.2M | $876.4M |
| Cost of revenue | $566.7M | $558.8M | $548.9M | $498.1M | $417.0M | $394.8M | $366.3M | $343.6M | $328.7M | — |
| Gross profit | -$553.7M | -$551.7M | -$545.5M | -$492.9M | -$406.5M | -$384.0M | -$357.7M | -$336.3M | -$320.6M | — |
| SG&A | $79.3M | $72.4M | $62.5M | $60.4M | $59.4M | $53.6M | $53.2M | $50.7M | $50.6M | $47.4M |
| Interest expense | $138.2M | $129.8M | $133.4M | $113.4M | $97.3M | $91.5M | $80.7M | $84.3M | $86.8M | $93.1M |
| Pre-tax income | $388.5M | $166.2M | $407.0M | — | — | — | — | — | — | — |
| Income tax | $4.0M | $2.9M | $3.7M | — | — | — | — | — | — | — |
| Net income | $384.5M | $163.3M | $403.3M | $653.6M | $303.9M | $123.9M | $219.6M | $156.1M | $196.4M | $819.8M |
| EPS, basic | 3.54 | 1.50 | 3.71 | 6.07 | 2.97 | 1.24 | 2.23 | 1.63 | 2.14 | 9.08 |
| EPS, diluted | 3.54 | 1.50 | 3.70 | 6.04 | 2.96 | 1.24 | 2.22 | 1.63 | 2.13 | 9.05 |
| Shares, diluted (wtd. avg.) | 108.4M | 108.5M | 109.4M | 108.4M | 102.8M | 99.4M | 99.4M | 95.4M | 92.5M | 89.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $25.2M | $21.0M | $259.7M | $17.4M | $619.0M | $424.5M | $27.5M | $43.6M | $377.8M | $245.8M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $100.0M |
| Total assets | $9.04B | $8.85B | $9.38B | $9.33B | $7.98B | $7.20B | $6.75B | $6.22B | $6.17B | $6.03B |
| Long-term debt | $3.90B | $3.49B | $3.72B | $3.68B | $3.17B | $3.17B | $2.52B | $2.32B | $2.20B | $2.48B |
| Total liabilities | $4.60B | $4.10B | $4.33B | $4.27B | $3.71B | $3.68B | $3.05B | $2.78B | $2.61B | $2.86B |
| Total equity | $4.36B | $4.68B | $5.05B | $5.06B | $4.27B | $3.52B | $3.70B | $3.39B | $3.48B | $3.10B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $826.6M | $774.9M | $795.0M | $744.7M | $577.5M | $519.3M | $555.6M | $503.7M | $434.7M | $443.1M |
| Depreciation and amortisation | $611.0M | $582.0M | $574.8M | $577.0M | $420.7M | $367.2M | $336.3M | $300.9M | $264.0M | $250.1M |
| Stock-based compensation | $17.0M | $15.2M | $14.5M | $12.8M | $15.4M | $13.9M | $15.2M | $16.7M | $17.5M | $20.1M |
| Investing cash flow | -$499.5M | -$285.2M | -$127.1M | -$1.46B | -$804.4M | -$429.6M | -$792.4M | -$640.9M | -$189.8M | $690.4M |
| Financing cash flow | -$322.0M | -$725.5M | -$417.2M | $109.9M | $421.4M | $307.3M | $220.7M | -$197.0M | -$112.9M | -$904.2M |
| Dividends paid | $460.9M | $451.0M | $434.9M | $396.8M | $343.0M | $333.4M | $317.3M | $298.0M | $280.8M | $663.4M |
| Buybacks | $270.7M | $50.0M | $0 | $0 | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-007697.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $876.4M | $8.2M | $7.2M | $8.7M | $10.8M | $10.5M | $5.2M | $3.5M | $7.1M | $13.0M |
| Gross profit | — | -$320.6M | -$336.3M | -$357.7M | -$384.0M | -$406.5M | -$492.9M | -$545.5M | -$551.7M | -$553.7M |
| Net income | $819.8M | $196.4M | $156.1M | $219.6M | $123.9M | $303.9M | $653.6M | $403.3M | $163.3M | $384.5M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Officer or director change Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Material agreement signed Item 1.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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