Camden Property Trust

Camden Property Trust is a Houston-based real estate investment trust (REIT). A REIT is a company that owns income-producing property and generally avoids federal income tax by meeting tax rules. Camden is mainly a landlord. It owns, manages, builds and buys apartment communities. As of December 31, 2025, it owned interests in, operated or was developing 175 properties with 59,921 apartment homes across the United States. Three of those were under construction. It also holds land it may develop later.

Camden makes money by renting apartments to residents. Leases average about fourteen months, and their end dates are staggered to fit each property's seasonal rental pattern. Results depend on raising rents when markets allow, keeping apartments filled, collecting rent and holding down costs. Its communities compete with other rentals, condos, single-family homes and short-term rentals.

Camden groups many properties in core markets to gain economies of scale (lower costs from running many nearby properties). It favors places with strong job growth, more households forming and an attractive quality of life. It sells properties that no longer meet its growth goals and reinvests the cash. It had about 1,640 employees at the end of 2025. A reliable split of rent by city or region wasn't available for this page.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $3.1M, up 18.9% from a year earlier, and net income was $18.8M (-76.7%).
• For fiscal 2025, revenue was $13.0M (+81.7% year over year; +3.7% a year from FY2020 to FY2025) with a 2964.9% net margin.

• Over FY2021–FY2025: $320.7M in buybacks and $2.09B in dividends.
• Regular dividend per share increased 4 years in a row.
• Regular dividends per share grew +4.8% a year over 5 years (FY2020–FY2025).
• Dividends took 119.9% of earnings and 55.9% of free cash flow in the latest fiscal year.
• Shares outstanding changed -1.6% from Oct 22, 2021 to Jul 24, 2026.

Rank among 1514 US companies

Market value at each year end

Camden Property Trust’s market value went from $7.35B at the end of 2016 to $10.22B on Nov 2, 2026, up 39%; since the end of 2025 it is down 13%.

Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 15 sales ($9.6M).

Large shareholders (13G filings)

ETFs with the most weight in CPT

1. Short leases pass falling rents through fast. Camden's average lease runs about fourteen months, and residents can usually leave at the end without penalty. If market rents fall, its rental income feels it sooner than it would under longer leases.
2. Building projects can run late or over budget. In its 10-K, Camden projected $135 million to $155 million of 2026 spending on three projects under construction. Permit delays, tariffs and rising labor or material costs could delay them or shrink profits.
3. Land bought for future projects can lose value. Camden holds land for future apartments. Land values can swing sharply and holding costs add up. It took impairment charges (write-downs in value) on two land parcels in 2025 and could take more.
4. Rent control rules could cap increases. New or stricter rent control or rent stabilization laws could limit how much Camden can raise rents. That would cut into its income and could lower the value of its properties.
5. Too many apartments in its markets. Camden warns that an oversupply of apartments, local layoffs or low mortgage rates that make buying a home easier could push down rents and occupancy (the share of apartments rented).
6. Significant debt and rising interest rates. Camden has significant debt to repay or refinance. Higher interest rates or a credit rating cut would raise borrowing costs. Higher rates can also lower property values and draw income investors elsewhere.

• Aug 31, 2026 Major agreement signed; Executive or board change
• Aug 3, 2026 Executive or board change
• Jul 30, 2026 Quarterly results released
• Jun 11, 2026 Executive or board change
• May 8, 2026 Shareholder vote results
• Apr 30, 2026 Quarterly results released
• Apr 30, 2026 Major agreement signed
• Apr 9, 2026 Major agreement signed; Investor presentation or announcement
• Mar 27, 2026 Major agreement signed; Executive or board change; Bylaws or fiscal year changed
• Mar 19, 2026 Major agreement signed; New debt or financial obligation

Camden paid $4.20 per share in regular dividends in fiscal 2025, up from $3.32 in fiscal 2020 and 2021. That makes four straight annual increases and growth of about 4.8% a year. The yield was 4.25% as of October 28, 2026. Dividends were about 120% of fiscal 2025 net income. That is common for REITs, because depreciation, a non-cash charge, reduces their earnings. Dividends took about 56% of free cash flow (cash from operations after capital spending). Buybacks totaled about $321 million over fiscal 2021–2025, mostly in 2025.

The stock has fallen hard in downturns. It dropped 71% in the 2008 financial crisis and took about 22 months from the bottom to recover. It fell 44% in the 2020 COVID crash and recovered by April 2021. After a 35% drop in 2022, it had not regained its January 2022 peak as of October 28, 2026. A single stock carries more risk than a diversified fund.