Camden Property Trust (CPT)

NYSE: CPT · USD

$99.3

-2.22 (-2.2%)· Recorded snapshot

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StockMarketAgent Research · Analyzed 2026-10-14

Our latest published analysis: CPT rated Buy

Camden Property Trust's published Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$122 / share

Potential value

$165 / share

Upside to FV

+25.5%

from $99.3

Moat

5.2/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$9.8B
Revenue (ttm)	1.6B
Net income (ttm)	325.5M
EPS (ttm)	$3.07
Shares out	104.1M
P/E (trailing)	32.3x
P/E (forward)	62.5x
Dividend	$4.24 (4.25%)
Volume	591,492
Beta	0.81

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 1.6B
Net income (ttm): 325.5M
EPS (ttm): $3.07
P/E (trailing): 32.3x
P/E (forward): 62.5x
Market cap: $9.8B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$10.5M	$5.2M	$3.5M	$7.1M	$13.0M	+5.3%
Gross profit	$695.7M	$893.6M	$957.7M	$944.5M	$966.3M	+8.6%
Operating income	$411.6M	$263.0M	$547.6M	$303.6M	$537.2M	+6.9%
Net income	$303.9M	$653.6M	$403.3M	$163.3M	$384.5M	+6.1%
EPS (diluted)	$2.96	$6.04	$3.70	$1.50	$3.54	+4.6%
EBITDA	$832.3M	$840.1M	$1.12B	$885.6M	$1.15B	+8.4%
R&D	$0	$0	$0	—	—	+0.0%
SG&A	$59.4M	$60.4M	$62.5M	$72.4M	$79.3M	+7.5%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AMT	American Tower Corporation	85.1B	25.8x	7.5x	7.8%	+4.0%	+0.7%	减持
ARE	Alexandria Real Estate Equities Inc.	6.9B	—	2.4x	0.9%	+6.6%	-45.8%	持有
CCI	Crown Castle Inc.	37.4B	46.3x	9.1x	5.1%	-7.9%	-6.2%	卖出
DLR	Digital Realty Trust, Inc.	68B	86.6x	10.0x	2.4%	+9.3%	+3.7%	卖出
DOC	Healthpeak Properties, Inc.	13B	53.8x	4.4x	2.5%	+10.5%	+3.0%	强力买入
EQIX	Equinix Inc.	99.7B	65.0x	10.1x	5.6%	+11.2%	+21.2%	减持

Base and Bull scenarios

Base55%

Price target

$122.02

+25.5% from spot

Our base scenario targets $122.02, reflecting a probability of 55.0% and an implied return of 25.5% from the share price of $97.24. In this scenario, newly delivered apartment completions across core Sunbelt submarkets peak and steadily moderate through FY2027. Blended lease rate growth recovers to positive territory, while occupancy stabilizes around historical norms. Camden's completed portfolio redeployment lowers recurring maintenance capex per unit, allowing funds from operations to expand steadily.

Sunbelt multifamily supply completions peak and decelerate through FY2027.
Blended lease rate growth recovers to positive territory across core markets.
Recurring capital expenditures per unit decline following California asset sales.
Operating margins stabilize as resident turnover remains contained.

Bull20%

Price target

$164.51

+69.2% from spot

Our bull scenario targets $164.51, reflecting a probability of 20.0% and an implied return of 69.2% from the share price of $97.24. In this scenario, sharp drops in new apartment building permits combine with persistent single-family mortgage unaffordability to accelerate tenant absorption into premier multifamily communities. Camden captures accelerating rental revenue growth, operating margins expand toward peak levels, and property cash flows approach $164.51.

New multifamily construction starts drop sharply under elevated capital costs.
Blended lease rate growth accelerates significantly above historical averages.
Occupancy tightens, driving operating margin expansion.
Capital recycling proceeds are reinvested into accretive growth acquisitions and share repurchases.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($122.02). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.3%	2.5%	2.8%	3.0%
7.3%	$156	$157	$158	$160	$161
7.8%	$140	$141	$142	$144	$145
8.3%	$120	$121	$122	$123	$124
8.8%	$117	$118	$119	$120	$120
9.3%	$108	$109	$110	$110	$111

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E62.5

P25 n/aP50 n/aP75 n/a

Trailing P/E32.3

P25 n/aP50 n/aP75 n/a

ROE7.9

P25 n/aP50 n/aP75 n/a

ROIC3.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All CPT indicators

Market & fundamental data

Available fields

258

Groups with data

Currency

USD

Showing 258 of 258 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000906345
Company name	Camden Property Trust
Country	United States
Country code	US
CUSIP number	133131102
Earnings date	2026-11-05
Earnings time	amc
Employees	1,640
Employees change	-20
Employees growth	-1.2%
Enterprise value	$15.2B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1993
In index	SP500
Industry	REIT - Residential
IPO date	1993-07-22
Is primary listing	Yes
Is SPAC	No
ISIN number	US1331311027
Last 10-K release date	2026-02-12
Last earnings date	2026-07-30
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$10.3B
Market cap category	Large-Cap
Next earnings date	2026-11-05
Options	Yes
Price	$99.30
Price currency	USD
Sector	Real Estate
SIC code	6798
Stock price date	2026-10-28
Symbol	CPT
U.S. state	Texas
Website	https://www.camdenliving.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (10Y)	47.56x
Average P/E ratio (3Y)	47.59x
Average P/E ratio (5Y)	46.55x
Earnings yield	3.09%
EV/Earnings	46.78x
EV/EBIT	54.88x
EV/EBITDA	17.03x
EV/Sales	9.63x
FCF / EV yield	-1.37%
FCF yield	-2.01%
Forward EV/Sales	9.85x
Forward P/E	68.34x
Forward P/S	6.73x
Graham number	50.63039
Graham upside	-49.3%
Industry forward P/E	43.69x
Industry P/E	39.72x
Lynch fair value	$64.55
Lynch upside	-35.36%
P/(OCF - SBC) ratio	13.15x
P/B ratio	2.74x
P/E ratio	32.32x
P/FFO ratio	16.01x
P/OCF ratio	12.88x
P/S ratio	6.57x
PEG ratio	17.39x
Price / tangible book value	2.74x
Price/EBITDA ratio	11.63x
Sector forward P/E	30.05x
Sector P/E	41.38x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	17.54%
EBITDA margin	56.51%
Effective tax rate	1.3%
Gross margin	61.62%
Operating margin	17.54%
Pretax margin	21.56%
Profit margin	20.62%
Profit per employee	$198,485
Profitable quarters	7
Profitable years	16
Revenue per employee	$964,554
ROA	1.87%
ROA (5Y)	2.03%
ROCE	3.7%
ROE	7.88%
ROE (5Y)	8.49%
ROIC	3.2%
ROIC (5Y)	3.45%
SBC / revenue	1.06%
Tax / revenue	0.28%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	114.85%
EPS growth (Q)	-75.7%
EPS growth (QoQ)	-55%
EPS growth 10Y	-7.19%
EPS growth 3Y	17.61%
EPS growth 5Y	19.71%
EPS growth years	1
Net income growth	109.14%
Net income growth (Q)	-76.71%
Net income growth (QoQ)	-55.73%
Net income growth 3Y	16.06%
Net income growth 5Y	21.01%
Net income growth years	1
OCF growth	1.85%
OCF growth (Q)	-8.27%
OCF growth (QoQ)	42.87%
OCF growth 10Y	6%
OCF growth 3Y	1.13%
OCF growth 5Y	9.5%
Revenue growth	0.75%
Revenue growth (Q)	-0.75%
Revenue growth (QoQ)	1.29%
Revenue growth 10Y	6.02%
Revenue growth 3Y	1.41%
Revenue growth 5Y	7.67%
Revenue growth quarters	1
Revenue growth years	11

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-2.4M
Depreciation and amortization	$616.8M
EBIT	$277.5M
EBITDA	$894M
EPS	$3.07
FCF per share	$-2.01
Financing cash flow	$-148.4M
Free cash flow	$-209.2M
Free cash flow minus SBC	$-226M
Funds from operations (FFO)	$670.8M
Gross profit	$974.7M
Income taxes	$4.4M
Investing cash flow	$-644.8M
Net cash flow	$14.2M
Net income	$325.5M
Operating cash flow minus SBC	$790.6M
Operating income	$277.5M
Revenue	$1.6B
Stock-based compensation	$16.8M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$37.08
Debt / EBITDA	5.42
Debt / equity	1.26
Interest coverage	1.88
Net cash (debt)	$-4.8B
Net cash / market cap	-46.42%
Net debt / EBITDA	5.4
Net debt / equity	1.24
Piotroski F-Score	5
Property, plant and equipment	$8.3B
Shareholders' equity	$3.9B
Tangible book value	$3.8B
Tangible book value per share	$37.08
Total assets	$9.5B
Total cash	$44.7M
Total debt	$4.9B
Total liabilities	$5.6B
WACC	6.87%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.17
Current ratio	0.35
Net working capital	$181.6M
Quick ratio	0.03
Working capital	$-1.3B

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.43%
Dividend growth	1.2%
Dividend growth (10Y)	3.67%
Dividend growth (3Y)	2.4%
Dividend growth (5Y)	4.96%
Dividend growth years	4
Dividend payment date	2026-10-16
Dividend payment years	34
Dividend payout frequency	Quarterly
Dividend per share	$4.24
Dividend yield	4.25%
Ex-dividend date	2026-09-30
Last dividend	$1.06
Payout ratio	137.99%
Shareholder yield	6.68%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	28.19%
10Y return CAGR	6.1%
10Y total return	80.8%
150-day SMA	$105.95
15Y price change	61.53%
15Y return CAGR	7.31%
15Y total return	188.06%
1D price change	-2.19%
1M price change	1.33%
1M total return	2.43%
1W price change	-0.35%
1W total return	-0.35%
1Y price change	-4.55%
1Y return CAGR	-0.57%
1Y total return	-0.57%
20-day SMA	$98.64
200-day SMA	$106.02
20Y price change	24.49%
20Y return CAGR	5.44%
20Y total return	188.64%
3M price change	-11.89%
3M total return	-10.93%
3Y price change	18.39%
3Y return CAGR	9.96%
3Y total return	32.97%
50-day SMA	$101.40
50-day SMA vs 200-day SMA	50under200
52-week high	$119.81
52-week high date	2026-07-07
52-week low	$95.30
52-week low date	2026-10-08
5Y price change	-37.64%
5Y return CAGR	-5.7%
5Y total return	-25.42%
6M price change	-2.15%
6M total return	-0.17%
All-time high	$180.37
All-time high date	2021-12-31
All-time low	$16.38
All-time low date	2009-03-06
Average true range (ATR)	$1.81
Average volume	887.1K
Beta (1Y)	0.02
Beta (2Y)	0.48
Beta (5Y)	0.81
Change from 52-week high	-17.12%
Change from 52-week low	4.2%
Change from all-time high	-44.88%
Change from all-time low	506.96%
Change from open	-0.89%
Day's gap	-1.31%
Dollar volume	$58.7M
High price	$100.23
Low price	$99.30
Monthly RSI	43.71
Open price	$100.19
Position in 52-week range	0%
Previous close	$101.52
Price vs 150-day SMA	-6.16%
Price vs 20-day SMA	0.79%
Price vs 200-day SMA	-6.22%
Price vs 50-day SMA	-1.95%
Relative volume	0.67
RSI	47.64
Sharpe ratio	-0.13
Sharpe ratio (3Y)	0.22
Sharpe ratio (5Y)	-0.31
Sortino ratio	0.1
Sortino ratio (3Y)	0.59
Sortino ratio (5Y)	-0.19
Volume	591.5K
Weekly RSI	41.13
YTD price change	-9.68%
YTD total return	-6.86%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	100.6M
Float percentage	96.6%
Shares change (QoQ)	-2.42%
Shares change (YoY)	-2.43%
Shares held by insiders	1.43%
Shares held by institutions	103.32%
Shares outstanding	104.1M
Short % of float	5.2%
Short % of shares	5.02%
Short ratio	4.5 days

Deeper analysis on CPT

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this CPT report

What is the latest published CPT stock rating?

Camden Property Trust is shown with Buy in the latest published report, analyzed 2026-10-14. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full CPT analysis?

The full latest published report, analyzed 2026-10-14, lives at /stocks/CPT/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for CPT?

The latest published report analyzed 2026-10-14 gives CPT a fair value of USD 122 and a potential value of USD 165. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the CPT page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-14). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

BuyCPT · Fair value $122+25.5%

Read full analysis →

Camden Property Trust (CPT)

Our latest published analysis: CPT rated Buy

Price

Financial snapshot

Fair-value bridge

Latest news · CPT

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All CPT indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on CPT

Frequently asked questions

评级历史

Category	Score	Reading
Valuation	7.5
Management	8.5
Balance Sheet	3.0
Profitability	5.5
Revenue Growth	2.5
Risk Assessment	4.5
Competitive Moat	5.2
Earnings Quality	6.0
Capital Efficiency	2.5