Camden Property Trust Q2 EPS drops, revenue declines slightly

Camden Property Trust

30/07/2026 21:30

Overview
U.S. apartment REIT's Q2 EPS fell sharply yr/yr to $0.18
Q2 property revenue declined slightly from prior year
Company sold California portfolio for $1.625 bln, plans to use proceeds to reduce debt

Outlook
Company maintains 2026 Core FFO guidance at $6.75 per share
Camden expects 2026 same property revenue growth between 0.0% and 1.0%

Result Drivers
EXPENSE PRESSURE - Co said same property expenses rose 2.4% yr/yr, outpacing flat revenues and contributing to a 1.4% decline in net operating income
NEGATIVE NEW LEASE RATES - Co reported effective new lease rates fell 3.3% yr/yr, while renewal rates rose 2.8%

Company press release: ID:nBw7k4JpYa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.18
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 15 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the residential reits peer group is "buy."
Wall Street's median 12-month price target for Camden Property Trust is $114.00, about 2% below its July 29 closing price of $116.37
The stock recently traded at 94 times the next 12-month earnings vs. a P/E of 82 three months ago

Reuters Recommended Reads
July 29 - Mid-America's quarterly core AFFO declines on muted rental demand
July 29 - Essex Property beats quarterly FFO estimates on strong rental growth
July 27 - REIT UDR sees 2026 FFO below estimate as higher costs weigh

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)