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Camden Property Trust

CPT NYSE Multi-Family Residential REITs Financials FY2016–FY2025

Camden Property Trust's revenue rose 1.9% to $1.6 billion in fiscal 2025. Its net margin was 24.4%, up from 10.6% a year earlier. Free cash flow was $386 million, up 1.3%. It paid out $732 million in dividends and buybacks, 189% of free cash flow. The diluted share count fell 0.1%.

Last close · Oct 23, 2026

$102.00

0.7%
Value it Compare
Revenue Total sales reported in the income statement.
$1.6B
1.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$385M
135.5%
Free cash flow Cash from operations minus capital spending.
$386M
1.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
6.3%
2.8 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$10.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
33.8x
On $3.02 EPS (TTM)

About these figures. Revenue is Camden's property revenues: another revenue figure in its filings covers only small fees outside its rents. Capital spending is Camden's development and capital improvements line; purchases of existing properties aren't included. Debt is Camden's unsecured and secured notes payable as its balance sheet shows them, which already include its commercial paper.

What Camden Property Trust does

No business description yet.

Legal name
CAMDEN PROPERTY TRUST
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001628280-26-007697
0000906345

Revenue and margins

Camden Property Trust had $1.6B of revenue in fiscal 2025, up 1.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew −9.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $386M in fiscal 2025, 24.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Camden Property Trust returned $732M to shareholders in fiscal 2025, 189% of free cash flow. The diluted share count fell 0.1%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Camden Property Trust yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$3.9B and divides by 108.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 33.8x · peers 31.8x · sector 27.8x.

Balance sheet

Cash, debt and the ratios that show how comfortably Camden Property Trust can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $613M$10.7M$260M$21.0M$25.2M
Debt incl. finance leases $3.2B$3.7B$3.7B$3.5B$3.9B
Net debt / EBITDA ——3.1x4.0x3.4x
Debt / equity 0.8x0.7x0.8x0.8x0.9x
Interest coverage ——4.1x2.3x3.8x
Total assets $8.0B$9.3B$9.4B$8.9B$9.0B
Total liabilities $3.7B$4.3B$4.3B$4.1B$4.6B
Shareholders' equity $4.2B$5.0B$5.0B$4.7B$4.4B
Net debt (− = net cash) $2.6B$3.7B$3.5B$3.5B$3.9B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$9.6M

8 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Jun 5, 2026 Richard J CampoExecutive Chairman, Director Sold 30,000 $112.42 $3.4M Form 4
Feb 18, 2026 Laurie BakerEVP - Chief Operating Officer Sold 2,168 $108.40 $0.2M Form 4
Feb 18, 2026 Michael P GallagherChief Accounting Officer Sold 169 $108.43 $0.0M Form 4
Jan 6, 2026 Laurie BakerEVP - Chief Operating Officer Sold 150 $110.21 $0.0M Form 4
Jan 6, 2026 Richard J CampoChairman and CEO, Director Sold 5,600 $110.21 $0.6M Form 4
Jan 5, 2026 Alexander J. JessettPresident & CFO Sold 5,627 $109.69 $0.6M Form 4
Jan 5, 2026 Heather J. BrunnerDirector Sold 2,104 $109.69 $0.2M Form 4
Jan 5, 2026 Javier BenitoDirector Sold 101 $109.69 $0.0M Form 4
Jan 5, 2026 Kelvin R WestbrookDirector Sold 2,225 $109.69 $0.2M Form 4
Jan 5, 2026 Laurie BakerEVP - Chief Operating Officer Sold 531 $109.78 $0.1M Form 4
Jan 5, 2026 Richard J CampoChairman and CEO, Director Sold 38,021 $109.77 $4.2M Form 4
Jan 2, 2026 Steven A WebsterDirector Sold 154 $109.18 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✕ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose — — —
Share count didn't rise ✕ ✓ ✓
Gross margin rose ✕ ✕ ✓
Revenue rose relative to assets ✕ ✕ ✓
F-score — / 9— / 9— / 9
Accruals ratio −4.2%−6.7%−4.9%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Camden Property Trust CPT $10.4B 1.9% — 24.5% 6.3% 33.8x —
UDR UDR $11.8B 2.4% 32.3% — 6.0% 24.4x — Compare →
Essex Property Trust ESS $17.9B 6.4% 47.7% — — 43.3x — Compare →
Mid-America Apartment Communities MAA $14.0B 0.8% — — 5.7% 36.3x — Compare →
Vivmark Residential VMRK $24.2B 3.8% — — 7.6% 27.3x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $876M $901M $955M $1.0B $1.0B $1.1B $1.4B $1.5B $1.5B $1.6B
Gross profit — $572M $611M $662M $649M $727M $925M $993M $985M $1.0B
Interest expense $93.1M $86.8M $84.3M $80.7M $91.5M $97.3M $113M $133M $130M $138M
Pretax income — — — — — — — $407M $166M $389M
Income tax — — — — — — — $3.7M $2.9M $4.0M
Net income $820M $196M $156M $220M $124M $304M $654M $403M $163M $385M
Diluted EPS $9.05 $2.13 $1.63 $2.22 $1.24 $2.96 $6.04 $3.70 $1.50 $3.54
Diluted shares 0.09B 0.09B 0.10B 0.10B 0.10B 0.10B 0.11B 0.11B 0.11B 0.11B
Cash flow
Cash from operations $443M $435M $504M $556M $519M $578M $745M $795M $775M $827M
Capital expenditure $343M $299M $359M $408M $427M $429M $449M $411M $394M $440M
Free cash flow $100M $136M $145M $148M $92.1M $149M $295M $384M $381M $386M
Depreciation and amortization $250M $264M $301M $336M $367M $421M $577M $575M $582M $611M
Stock-based compensation $20.1M $17.5M $16.7M $15.2M $13.9M $15.4M $12.8M $14.5M $15.2M $17.0M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $50.0M $271M
Dividends paid $663M $281M $298M $317M $333M $343M $397M $435M $451M $461M
Dividends and buybacks $663M $281M $298M $317M $333M $343M $397M $435M $501M $732M
Balance sheet
Cash and short-term investments $337M $369M $34.4M $23.2M $420M $613M $10.7M $260M $21.0M $25.2M
Total debt $2.5B $2.2B $2.3B $2.5B $3.2B $3.2B $3.7B $3.7B $3.5B $3.9B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Total assets $6.0B $6.2B $6.2B $6.7B $7.2B $8.0B $9.3B $9.4B $8.9B $9.0B
Total liabilities $2.9B $2.6B $2.8B $3.0B $3.7B $3.7B $4.3B $4.3B $4.1B $4.6B
Shareholders' equity $3.0B $3.4B $3.3B $3.6B $3.4B $4.2B $5.0B $5.0B $4.7B $4.4B
Margins
Gross margin — 63.5% 64.0% 64.4% 62.2% 63.5% 65.0% 64.4% 63.8% 64.0%
EBITDA margin — — — — — — — 72.3% 56.9% 72.3%
Net margin 93.5% 21.8% 16.4% 21.4% 11.9% 26.6% 45.9% 26.2% 10.6% 24.4%
FCF margin 11.4% 15.1% 15.1% 14.4% 8.8% 13.0% 20.8% 24.9% 24.7% 24.5%
Returns
Return on capital — — — — — — — 6.2% 3.5% 6.3%
Return on equity 28.1% 6.1% 4.7% 6.3% 3.5% 8.0% 14.2% 8.1% 3.4% 8.5%
Return on assets 13.6% 3.2% 2.5% 3.4% 1.8% 4.0% 7.6% 4.3% 1.8% 4.3%
Growth
Revenue growth 4.9% 2.8% 6.0% 7.8% 1.5% 9.6% 24.4% 8.4% 0.1% 1.9%
Net income growth 228.8% −76.0% −20.5% 40.7% −43.6% 145.3% 115.1% −38.3% −59.5% 135.4%
EPS growth 227.9% −76.5% −23.5% 36.2% −44.1% 138.7% 104.1% −38.7% −59.5% 136.0%
FCF growth 775.2% 35.4% 6.6% 2.4% −37.8% 61.6% 98.5% 30.1% −0.8% 1.3%
Share count change 0.5% 2.9% 3.1% 4.2% 0.1% 3.4% 5.4% 0.9% −0.8% −0.1%
Financial health
Net debt / EBITDA — — — — — — — 3.1x 4.0x 3.4x
Debt / equity 0.8x 0.7x 0.7x 0.7x 0.9x 0.8x 0.7x 0.8x 0.8x 0.9x
Interest coverage — — — — — — — 4.1x 2.3x 3.8x
Capital allocation
Capex / revenue 39.1% 33.2% 37.6% 39.6% 40.9% 37.5% 31.6% 26.7% 25.5% 28.0%
Stock comp / revenue 2.3% 2.0% 1.8% 1.5% 1.3% 1.4% 0.9% 0.9% 1.0% 1.1%
Payouts / FCF 662.6% 207.1% 206.2% 214.3% 362.1% 230.6% 134.4% 113.2% 131.4% 189.4%
Quality scores
Accruals ratio 6.3% −3.9% −5.6% −5.2% −5.7% −3.6% −1.1% −4.2% −6.7% −4.9%

Source: SEC EDGAR XBRL filings (CIK 0000906345). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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