NYSE: CPT
Camden Property Trust
Real Estate · Real Estate Investment Trusts
52-week range
$95.30$119.81
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$11.5B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $7.36B |
| FY2017, ended Dec 31, 2017 | $8.54B |
| FY2018, ended Dec 31, 2018 | $8.21B |
| FY2019, ended Dec 31, 2019 | $10.3B |
| FY2020, ended Dec 31, 2020 | $9.75B |
| FY2021, ended Dec 31, 2021 | $18.5B |
| FY2022, ended Dec 31, 2022 | $11.9B |
| FY2023, ended Dec 31, 2023 | $10.6B |
| FY2024, ended Dec 31, 2024 | $12.4B |
| FY2025, ended Dec 31, 2025 | $11.4B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $11.5B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$1.57B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $876M |
| FY2017, ended Dec 31, 2017 | $901M |
| FY2018, ended Dec 31, 2018 | $955M |
| FY2019, ended Dec 31, 2019 | $1.03B |
| FY2020, ended Dec 31, 2020 | $1.04B |
| FY2021, ended Dec 31, 2021 | $1.14B |
| FY2022, ended Dec 31, 2022 | $1.42B |
| FY2023, ended Dec 31, 2023 | $1.54B |
| FY2024, ended Dec 31, 2024 | $1.54B |
| FY2025, ended Dec 31, 2025 | $1.57B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $1.57B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $820M | $440M |
| FY2017, ended Dec 31, 2017 | $196M | $430M |
| FY2018, ended Dec 31, 2018 | $156M | $489M |
| FY2019, ended Dec 31, 2019 | $220M | $538M |
| FY2020, ended Dec 31, 2020 | $124M | $512M |
| FY2021, ended Dec 31, 2021 | $304M | $573M |
| FY2022, ended Dec 31, 2022 | $654M | $740M |
| FY2023, ended Dec 31, 2023 | $403M | $789M |
| FY2024, ended Dec 31, 2024 | $163M | $771M |
| FY2025, ended Dec 31, 2025 | $384M | $824M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $326M | $760M |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$44.7M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $237M |
| FY2017, ended Dec 31, 2017 | $368M |
| FY2018, ended Dec 31, 2018 | $34.4M |
| FY2019, ended Dec 31, 2019 | $23.2M |
| FY2020, ended Dec 31, 2020 | $420M |
| FY2021, ended Dec 31, 2021 | $613M |
| FY2022, ended Dec 31, 2022 | $10.7M |
| FY2023, ended Dec 31, 2023 | $260M |
| FY2024, ended Dec 31, 2024 | $21.0M |
| FY2025, ended Dec 31, 2025 | $25.2M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $44.7M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.$5.45B
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $2.48B |
| FY2017, ended Dec 31, 2017 | $2.20B |
| FY2018, ended Dec 31, 2018 | $2.32B |
| FY2019, ended Dec 31, 2019 | $2.52B |
| FY2020, ended Dec 31, 2020 | $3.17B |
| FY2021, ended Dec 31, 2021 | $3.17B |
| FY2022, ended Dec 31, 2022 | $3.68B |
| FY2023, ended Dec 31, 2023 | $3.72B |
| FY2024, ended Dec 31, 2024 | $3.49B |
| FY2025, ended Dec 31, 2025 | $3.90B |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $5.45B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Up 14.9% since 2016.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.101M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 87.5M |
| FY2017, ended Dec 31, 2017 | 92.7M |
| FY2018, ended Dec 31, 2018 | 93.3M |
| FY2019, ended Dec 31, 2019 | 97.3M |
| FY2020, ended Dec 31, 2020 | 97.6M |
| FY2021, ended Dec 31, 2021 | 103M |
| FY2022, ended Dec 31, 2022 | 107M |
| FY2023, ended Dec 31, 2023 | 107M |
| FY2024, ended Dec 31, 2024 | 107M |
| FY2025, ended Dec 31, 2025 | 103M |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | 101M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Jun 30, 2026. Hover or tap a column for another year.Net: $687M more bought back than issued
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| Period | Bought back | Paid to employees | Sold for cash |
|---|---|---|---|
| FY2016, ended Dec 31, 2016 | — | $20.1M | $0 |
| FY2017, ended Dec 31, 2017 | — | $17.5M | $445M |
| FY2018, ended Dec 31, 2018 | — | $16.7M | $0 |
| FY2019, ended Dec 31, 2019 | — | $15.2M | $353M |
| FY2020, ended Dec 31, 2020 | — | $13.9M | $0 |
| FY2021, ended Dec 31, 2021 | — | $15.4M | $759M |
| FY2022, ended Dec 31, 2022 | $0 | $12.8M | $517M |
| FY2023, ended Dec 31, 2023 | $0 | $14.5M | $0 |
| FY2024, ended Dec 31, 2024 | $50.0M | $15.2M | $0 |
| FY2025, ended Dec 31, 2025 | $271M | $17.0M | — |
| Trailing 12 months to Jun 30, 2026 (through Q2 FY2026) | $704M | $16.8M | — |
Revenue (TTM)
$1.57B
+0.5% YoY
Net income (TTM)
$326M
+109% YoY
Cash
$44.7M
+35.1% YoY
Total debt
$5.45B
+23.1% YoY
Valuation
At current price- Market Cap
- $10.1B
- P/E
- 31.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 6.5×
- Price / Book
- 2.7×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $1.57B
- Revenue Growth YoY
- 0.5%
- Revenue CAGR 3Y
- 3.4%
- Revenue CAGR 5Y
- 8.6%
- EPS Growth YoY
- 112%
- Net Income Growth YoY
- 109%
Profitability
Trailing 12 months- Gross Margin
- —
- Operating Margin
- —
- Net Margin
- 20.8%
- FCF Margin
- 48.5%
- Return on Equity
- 7.8%
Earnings
Trailing 12 months- Net Income
- $326M
- EPS (diluted)
- $3.03
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- —
Balance Sheet
As of Jun 30, 2026- Cash and cash equivalents
- $44.7M
- Total Debt
- $5.45B
- Net Debt
- $5.40B
- Total Assets
- $9.46B
- Total Liabilities
- $5.58B
- Shareholders' Equity
- $3.80B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $807M
- Capital Expenditure
- $47.2M
- Free Cash Flow
- $760M
Dividends and risk
Last 12 months- Dividend Yield
- 4.2%
- Dividend / Share
- $4.23
- Beta (5Y)
- 0.79
Every ratio is calculated from the company’s reported figures.
Note
Revenue is roughly flat year over year at $1.57B.
Note
Net margin of 20.8% over the last 12 months.
Watch
Carries $5.40B of net debt without positive EBITDA.
Strength
Turns 48.5% of revenue into free cash flow.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Dec 31, 2025 · filed Feb 12, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2024 · 10-K41Serious concerns
41Serious concerns
10-K for the fiscal year ended Dec 31, 2024
Filed Feb 20, 2025 · Read the filing on EDGAR
- Net income to common shareholders fell about 60% to $163.3 million, mainly because property sale gains were much smaller than in 2023.
- Total property revenues were nearly flat at $1.54 billion, while property-level operating income slipped 0.8%; same store revenues rose 1.3%.
- Camden stopped work on four developments for the foreseeable future and recorded a $41.0 million land impairment.
- Camden repaid debt, repurchased $50.0 million of shares, and raised the quarterly dividend to $1.05, with no debt due until April 2026.
Business momentum
Sharp deterioration
“Net income attributable to common shareholders was $163.3 million and $403.3 million for the years ended December 31, 2024 and December 31, 2023, respectively.”
Outlook
Neutral
“We believe the levels of new multifamily supply in the submarkets and asset classes in which we operate will continue to be elevated into 2025 but should be met with continued demand to absorb these new deliveries.”
Financial stress
Low
“As of December 31, 2024, we had approximately $1.0 billion available under our $1.2 billion unsecured revolving credit facility and do not have any debt maturing until April 2026.”
Tone against the previous report
About the same
Red flags
- Medium
Large write-down
“In the third quarter of 2024, we stopped development activities for the foreseeable future on four of our developments and recorded approximately $41.0 million of impairment charges on three of these land parcels.”
Positives
Same store revenue and income grew modestly
“Our results for the year ended December 31, 2024, reflect an increase in same store revenues of approximately 1.3% as compared to the same period in 2023.”
Strong liquidity and investment-grade credit ratings
“We believe we are well-positioned with a strong balance sheet and sufficient liquidity to fund new development, redevelopment, and other capital funding requirements.”
Quarterly dividend increased to $1.05 per share
“In the first quarter of 2025, the Company's Board of Trust Managers declared a first quarter dividend of $1.05 per common share to our common shareholders of record as of March 31, 2025.”
Concerns
Elevated apartment supply may pressure results if demand weakens
“However, if this were to change or other economic conditions were to worsen, our operating results could be adversely affected.”
Overhead costs rose faster than revenue
“General and administrative expenses increased approximately $9.9 million for the year ended December 31, 2024 as compared to 2023.”
Operating cash flow declined after property sales and higher tax payments
“Net cash from operating activities was approximately $774.9 million during the year ended December 31, 2024 as compared to approximately $795.0 million during the year ended December 31, 2023.”
New risks since the previous report
Further write-downs on land held for development
“There can be no assurance we will not have impairments charges in the future.”
Generative AI adding to cybersecurity threats
“Such uses and the on-going advancement in technology such as generative artificial intelligence, machine learning, and remote connectivity solutions give rise to potential cybersecurity risks with increasing sophistication”
Biggest risks named
- Weaker economy or tighter credit markets reducing rents, occupancy and financing access
- Elevated new apartment supply limiting rent growth
- Land holding and development risks, including further impairments
- Refinancing $3.5 billion of debt and higher interest rates
- Rent control and rent stabilization laws limiting rent increases
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −15 | |
| Outlook | 0 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −3 | |
| New risks | −1 | |
| Score | 41 | |
Written by AI (Claude Opus 5.5) from the report’s text. 12 of 12 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Feb 12, 2026 | Pro | |||
| 10-K | Feb 20, 2025 | 41 | Sharp deterioration | 1 medium | |
| 10-K | Feb 22, 2024 | 44 | Sharp deterioration | None | |
| 10-K | Feb 23, 2023 | 75 | Strong improvement | None | |
| 10-K | Feb 17, 2022 | 77 | Strong improvement | None | |
| 10-K | Feb 18, 2021 | 39 | Sharp deterioration | None | |
| 10-K | Feb 20, 2020 | 74 | Strong improvement | None | |
| 10-K | Feb 15, 2019 | 59 | Mixed | None | |
| 10-K | Feb 16, 2018 | 47 | Sharp deterioration | None | |
| 10-K | Feb 13, 2017 | 74 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Jun 30, 2026), filed Jul 31, 2026. View filings on SEC EDGAR