Camden Property Trust Set to Report Q1 Earnings Amid Growth
Camden Property Trust (CPT), a real estate investment trust based in Houston, Texas, specializes in owning, managing, developing, redeveloping, acquiring, and constructing multifamily apartment communities. With a market capitalization of $12.2 billion, the company has positioned its properties in urban and suburban areas that exhibit strong economic growth and job creation. CPT is scheduled to announce its fiscal Q1 earnings for 2025 after the market closes on Thursday, May 1.
Quarterly Performance Expectations
Analysts anticipate that CPT will report a Funds From Operations (FFO) of $1.68 per share in this upcoming announcement, which is a slight increase from $1.67 per share in the same quarter last year. The company has consistently exceeded Wall Street’s FFO expectations, having done so in each of the last four quarters. Notably, its FFO of $1.73 per share last quarter surpassed consensus estimates by 3%.
Annual Projections and Future Outlook
Looking ahead, analysts predict that for the full fiscal year, CPT will report an annual FFO of $6.75, representing a 1.5% decrease from the $6.85 reported in fiscal 2024. However, projections show a rebound is likely in 2026, with a forecasted 3.9% year-over-year increase, bringing FFO to $7.01.
Stock Performance and Market Comparison
CPT shares have risen 17.8% over the past 52 weeks, outperforming both the S&P 500 Index’s ($SPX) increase of 5.4% and the Real Estate Select Sector SPDR Fund’s (XLRE) gain of 13.2% during the same period.
Recent Earnings Announcement and Analyst Ratings
On February 6, following the release of its Q4 results, CPT shares saw a 1.2% increase. The company reported core FFO of $1.73 per share, which remained unchanged year-over-year but outperformed analyst expectations by 3%. Additionally, CPT reported a 1.2% increase in same-property net operating income year-over-year, along with a slight uptick in same-property revenue. Its occupancy rate improved to 95.3%, up from 94.9% in the same period last year, reflecting strong demand. For 2025, CPT has guided core FFO per share between $6.60 and $6.90 and anticipates growth of 2% in same-property revenue.
Wall Street analysts maintain a moderately optimistic outlook for CPT’s stock, assigning a “Moderate Buy” rating overall. Out of 26 analysts covering the stock, nine recommend a “Strong Buy,” one advises a “Moderate Buy,” 14 suggest “Hold,” and two issue a “Strong Sell” rating. The mean price target for CPT sits at $128.52, reflecting a potential upside of 14.5% from current levels.
On the date of publication, Neharika Jain did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
