Camden Property TrustCPT
NYSE•Real Estate•REIT - Residential
Camden Property Trust, an S&P 500 Company, is a real estate company. The firm is primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,759 apartment homes across the United States. Upon completion of 3 properties currently under development, the Company's portfolio will increase to 59,921 apartment homes in 175 properties. Camden Property Trust was established on May 25 1993 and is based in Houston, United States.
Camden Property Trust (CPT) reported trailing twelve months revenue of $1.58B as of March 2026, a 1.6% increase year-over-year. Quarterly revenue reached $390.92M, reflecting continued top-line momentum.
Camden Property Trust generated $388.09M in TTM net income, with quarterly EBITDA of $400.85M. The operating margin contracted from 64.5% to 64.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (64.2%) and net margin (10.9%) indicates significant non-operating expenses or interest burden. Net margin has improved from 9.9% a year ago, signaling stronger bottom-line efficiency.
CPT trades at a P/E of 26.4x (in line with broad market averages) and a P/S of 6.5x. The price-to-book ratio of 2.5x reflects a moderate premium to book value.
The company generated $54.08M in free cash flow over the trailing twelve months, a 142.7% increase year-over-year, indicating cash generation ability. The balance sheet shows $9.06B in total assets with $4.25B in long-term debt against $4.03B in stockholders equity for a debt-to-equity ratio of 1.1. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are stable at ~63.5%, suggesting durable pricing power and cost discipline.
ROE is positive at ~6.2% on average, adequate but below the threshold typically associated with wide moats.
5 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue shows resilience with 4 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~63.4% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 30.3% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares decreased 3.3% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation