camden property trust portfolio

In a recent article, I identified Camden Property Trust as the best choice, if you are only going to invest in one apartment REIT, because it offers the best combination of strong balance. I look forward to when the market next induces me to own them. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. As of December 31, 2021, Camden had approximately $1.5 billion of liquidity comprised of approximately $613.4 million in cash and cash equivalents, and no amounts outstanding on its $900 million unsecured credit facility. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. At the end of 2021, the group's portfolio consisted of 176 residential units (60,073 apartments) located in the United States. It took 567 trading sessions . Camden provided initial earnings guidance for 2022 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for first quarter 2022 as detailed below. The chart below shows Camden's adeptness at choosing markets where people have a higher-than-average propensity to rent, across all age groups. Camden owns interests in and operates 171 properties containing 58,300 apartment homes across the United States. titulares de BDRs em 28/06/2023. ), Camden Properties Purchases and Sales: 17-year History R. Paul Drake, Camden Properties Purchases and Sales: 17-year History. Upon completion of 6 properties currently under development, the Company's portfolio will increase to 56,858 apartment homes in 167 . fair value, and uncertainty rating. Operating Statistics - Same Property Portfolio, New Lease and Renewal Data - Date Signed (1), New Lease and Renewal Data - Date Effective (2), *Data as of Camden currently owns 31.3% of the Funds interests and will acquire the remaining 68.7% interests through this transaction. CPTs market cap is 11.62 Bil. CPTs historical performance For 2022, the Company defines same property communities as communities owned and stabilized since January 1, 2021, excluding communities under redevelopment and properties held for sale. A reconciliation of EPS to FFO is included in the financial tables accompanying this press release. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Note: This table contains forward-looking statements. Earnings Guidance Camden updated its earnings guidance for 2023 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for second. You must click the activation link in order to complete your subscription. Expected FFO is calculated in a method consistent with historical FFO, and is considered an appropriate supplemental measure of expected operating performance when compared to expected earnings per common share (EPS). Presentation. 112.29 kcallahan@camdenliving.com. This site is protected by reCAPTCHA and the Google Camden's Board of Trust Managers declared a first quarter 2022 dividend of $0.94 per common share. Find company research, competitor information, contact details & financial data for IPPON INVESTMENT CEZARY DURAJ of Konstantynw dzki, dzkie. (4) Data represents average monthly leases effective during the period. Camden's High-Growth Market Presence Camden Properties Trust presentation. | June 7, 2023 . A reconciliation of net income attributable to common shareholders to net operating income is provided below: Less: Income on deferred compensation plans, Plus: Depreciation and amortization expense, Plus: Expense on deferred compensation plans, Less: Gain on sale of operating properties, including land. By providing your email address below, you are providing consent to Camden Property Trust to send you the requested Investor Email Alert updates. Weitere Informationen darber, wie wir Ihre personenbezogenen Daten nutzen, finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Let's take a closer look at this sector leader. Invest in REITs, Here's an Absolutely Brilliant Way to Earn Passive Income, Worried About a Stock Market Correction? Camden has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine for 14 consecutive years, most recently ranking #8. Includes joint ventures and properties held for sale, if any. Camden provided initial earnings guidance for 2023 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for first quarter 2023 as detailed below. Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Verify your identity, personalize the content you receive, or create and administer your account. Archived Events & Presentations. The Company strongly encourages interested parties to join the call via webcast in order to view any associated videos, slide presentations, etc. Get daily stock ideas from top-performing Wall Street analysts. Net Debt is defined by the Company as the average monthly balance of Total Debt during the period, less the average monthly balance of Cash and Cash Equivalents during the period. Camden previously owned 31.3% of the Funds interests and acquired the remaining 68.7% interests through this transaction. A reconciliation of net income attributable to common shareholders to FFO is provided below: In addition to FFO, we compute Adjusted FFO ("AFFO") as a supplemental measure of operating performance. Also notable is the fact that CPT grew across all these metrics in 2018 , when the average REIT lost about 10%, and massively outperformed the average REIT again in pandemic-stricken 2020, gaining 19.6% in share price in a year when the average REIT posted a loss of (-8.47)%. The current weighted average interest rate on our unsecured term loan facility and unsecured credit facility is 5.2%. As you can see, only two other Apartment REITs have A- bond ratings, and Camden's debt ratio and debt/EBITDA multiple are superior to both. Being married not only can help people emotionally but could With the 2024 presidential election less than a year and a half posting $1.42 billion in revenue last year. Camden Property Trust CPT Stock Quote Morningstar Rating | Rating as of Jun 27, 2023 Quote Chart Stock Analysis News Price vs Fair Value Sustainability Trailing Returns Financials Valuation. The maximum drawdown since January 2010 for the Camden Property Trust is 75.31%, recorded on Mar 2, 2009. Seeking Alpha contributor R. Paul Drake sold his entire stake in CPT in early December, calculating that it was an opportune price. Net income attributable to common shareholders was also negatively impacted for the twelve months ended December 31, 2020 by an approximate $14.8 million due to Pandemic Related Impact. As of November 30, 2021, the company owned interests in 171 apartment communities containing 58,588 apartment homes in the United States. CPTs beta can be found in Trading Information at the top of this page. Camber Creek, Camden Property Trust, Cortland Partners, Essex Capital Group, Fin Capital, MAA, Morgan Properties, RET Ventures, Trinity Ventures, and Wilshire Lane Capital. Fundamentally, with the unemployment rate rising and the number of peope without employment for 15 to 26 weeks soaring, the backdrop for Camden and the apartment REIT industry appears much more muddied than it did during the early years of COVID. Domestic Dial-In Number: (888) 317-6003; International Dial-In Number: (412) 317-6061 SmartAssets free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. We are pleased to announce this transaction, which allows us to fully acquire a very attractive portfolio of assets with no execution or integration risks, said Richard J. Campo, Camdens Chairman and Chief Executive Officer. By providing your email address below, you are providing consent to Camden Property Trust to send you the requested Investor Email Alert updates. Weighted average number of common shares outstanding: We elected to combine lease and non-lease components and thus present rental revenue in a single line item in our consolidated statements of income and comprehensive income. A reconciliation of FFO to AFFO is provided below: Total Earnings Per Common Share - Diluted. Approximately $14.4 million of the stated Pandemic Related Impact, which consists of the Resident Relief Funds, Employee Relief Fund, directly-related pandemic expenses, and bonuses paid to on-site employees, has been added back to the Adjusted EBITDA calculation for the twelve months ended December 31, 2020, respectively. HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and twelve months ended December 31, 2021. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Camden seeks below-replacement-cost acquisitions with a cap rate of 4 - 4.5%, where they believe they can increase the cap rate over a couple of years to about 5%, through improved operations and what they call "Camden-izing" the property . Style is calculated by combining value and growth scores, which are first individually calculated. FYI - Still cant read 4 of your charts on my iPad. 05/31/2023. [1] True, in the first quarter of 2023, the REIT posted revenue of $378 million, up 21.5% against the year-ago period. All that and a somewhat beaten-down share price combine here with an attractive portfolio in fast-growing markets to point to this conclusion: It's not only not too late to buy into this REIT, and it might be a very good time indeed. Companies. Camden's definitions and calculations of non-GAAP financial measures may differ from those used by other REITs, and thus may not be comparable. To report a factual error in this article. Houston, Dallas, Las Vegas, and Atlanta represent some of Camden's largest housing markets in terms of apartment units. As of December 31, 2021, Camden had outstanding letters of credit totaling approximately $14.8 million, which reduced the availability under its unsecured credit facility to $885.2 million. This compares to property revenue of $305.4 million recognized for the three months ended December 31, 2021, made up of approximately $271.4 million of rental revenue and approximately $34.0 million of amounts received under contractual terms for other services considered to be non-lease components within our lease contracts. CPTs price/forward earnings is 19.37. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. The company's growth in market cap has been spectacular, at 50.97%. At 1.99%, Camden's dividend Yield is not tempting, but the dividend growth rate of 2.57% is above average for both apartment REITs and REITs as a whole. Camden Property Trust. Camden owns and operates 171 properties containing 58,433 apartment homes across the United States. Overview Investments Unlock datapoints. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Annualized Adjusted EBITDA is Adjusted EBITDA as reported for the period multiplied by 4 for quarter results. Morningstar analysts hand-select direct competitors or comparable companies to The U.S. population is shifting toward the Sunbelt states, so apartment REITs with a strong presence in the southern half of the country will benefit from stronger rent increases than companies focused in other geographic areas. Camden's assets also demonstrate solid transactional liquidity and capital access. Camden Property derives the majority of its revenue from the Washington D.C., Los Angeles, Houston, Atlanta, and southeastern Florida areas. (1) For the twelve months ended December 31, 2022, same property results exclude approximately $1.0 million of storm-related expenses related to Hurricane Ian. I have no business relationship with any company whose stock is mentioned in this article. at Camden, we love our pet residents and many of our apartment communities have amenities just for Summary. AFFO is calculated utilizing FFO less recurring capital expenditures which are necessary to help preserve the value of and maintain the functionality at our communities.

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