Camden Property Trust (CPT) official guidance
Camden Property Trust (CPT) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteCPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
2 metrics1 new1 maintainedearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTC40 bpsnew
Our bad debt is normalized as expected. We think it's going to come in for the new same-store portfolio at around 40 basis points.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-08-01 04:01:27 UTC$6.75maintained
For the full year, we are maintaining our Core FFO guidance midpoint of $6.75 per share, unchanged from our prior annual guidance.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-07-30 20:27:40 UTC$6.68 – $6.82maintained
| Core FFO(2) | $1.67 - $1.71 | $6.68 - $6.82 | $6.75 | $6.75 | $0.00 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-05-02 04:01:12 UTC$6.75maintained
With no change in our expected same-store results and transaction volume and timing and range of our original plan, we are keeping the midpoint of our full year Core FFO per share guidance of $6.75.
CPT · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-04-30 20:36:04 UTC$6.6 – $6.9maintained
| Core FFO(1) | $1.65 - $1.69 | $6.60 - $6.90 | $6.75 | 6.75 | $0.00 |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
2026-02-07 05:02:09 UTC$6.6 – $6.9maintained
We expect our 2026 Core FFO per share to be in the range of $6.60-$6.90, with a midpoint of $6.75, representing $0.13 per share decrease from our 2025 results.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
2026-02-05 21:44:49 UTC$6.6 – $6.9new
| Core FFO(1) | $1.64 - $1.68 | $1.66 | $6.60 - $6.90 | $6.75 |
CPT · EX-99.1 · Q4 FY2025
2026-02-05 21:42:53 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTC$1.69maintained
For the third quarter, we are providing Core FFO guidance of $1.69 per share at the midpoint, up $0.01 from our second quarter Core FFO of $1.68 per share.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-07-30 20:27:40 UTC$1.67 – $1.71new
| Core FFO(2) | $1.67 - $1.71 | $6.68 - $6.82 | $6.75 | $6.75 | $0.00 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTC-0.6%maintained-0.6% vs FY2025
Our revised same-store midpoint outlook, excluding California, is now revenue growth of 0.5%, expense growth of 2.5%, and an NOI decline of 0.6%.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-07-30 20:27:40 UTC-1.6% – 0.5%lowered -20.0%-1.6% – 0.5% vs FY2025
| NOI | (1.65)% - 0.45% | (0.60)% | (0.90)% | (0.50)% |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-05-02 04:01:12 UTC-0.5%maintained-0.5% vs FY2025
With the midpoints of both revenue and expense guidance unchanged, the midpoint of our same-store NOI guidance remains unchanged at -0.5%.
CPT · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-04-30 20:36:04 UTC-2.5% – 1.5%-2.5% – 1.5% vs FY2025
| NOI | (2.50)% - 1.50% | (0.50)% | (0.50)% | 0.00% |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
2026-02-07 05:02:09 UTC-50 bps-50 bps vs FY2025
At the midpoint, we are expecting same-store net operating income of negative 50 basis points, with revenue growth of 75 basis points in line with 2025, and expense growth of 3% versus 1.7% in 2025.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
2026-02-05 21:44:49 UTC-2.5% – 1.5%new-2.5% – 1.5% vs FY2025
| Net Operating Income Growth | (2.50%) - 1.50% |
CPT · EX-99.1 · Q4 FY2025
2026-02-05 21:42:53 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTCa slight uptick in the third quarternew
We are anticipating a slight uptick in the third quarter, which is normal. We are anticipating a slight downtick in the fourth quarter.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTCa slight downtick in the fourth quarternew
We are anticipating a slight uptick in the third quarter, which is normal. We are anticipating a slight downtick in the fourth quarter.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
4 metrics1 raised1 lowered2 maintainedearnings call · 2026-08-01 04:01:27 UTC
2026-08-01 04:01:27 UTC2.5%maintained2.5% vs FY2025
Our revised same-store midpoint outlook, excluding California, is now revenue growth of 0.5%, expense growth of 2.5%, and an NOI decline of 0.6%.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-07-30 20:27:40 UTC2% – 3%lowered -16.7%2% – 3% vs FY2025
| Expenses | 2.00% - 3.00% | 2.50% | 3.00% | 3.00% |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-02-07 05:02:09 UTC3%maintained3% vs FY2025
At the midpoint, we are expecting same-store net operating income of negative 50 basis points, with revenue growth of 75 basis points in line with 2025, and expense growth of 3% versus 1.7% in 2025.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
2026-02-05 21:44:49 UTC2.3% – 3.8%new2.3% – 3.8% vs FY2025
| Total Expense Growth | 2.25% - 3.75% |
CPT · EX-99.1 · Q4 FY2025
2026-02-05 21:42:53 UTCOpen source
2026-08-01 04:01:27 UTC3%raised +50.0%3% vs FY2025
Our other income we expect to grow somewhere around 3%, and as Alex touched on earlier, our back half blends will be somewhere 1% or north of that in the back half, and we feel very comfortable with our guidance the way it is laid out.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-02-07 05:02:09 UTC2%new2% vs FY2025
Other income, which is primarily comprised of utility rebilling and fee income, represents 10% of our total property revenues and is expected to grow around 2% in 2026, adding approximately 20 basis points to same-store revenue growth.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
2026-08-01 04:01:27 UTC0.5%maintained0.5% vs FY2025
Our revised same-store midpoint outlook, excluding California, is now revenue growth of 0.5%, expense growth of 2.5%, and an NOI decline of 0.6%.
CPT · transcript · Q2 FY2026
2026-08-01 04:00:00 UTCOpen source
2026-07-30 20:27:40 UTC0% – 1%lowered -33.3%0% – 1% vs FY2025
| Revenues | 0.00% - 1.00% | 0.50% | 0.50% | 0.75% |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-05-02 04:01:12 UTC0.8%maintained0.8% vs FY2025
As a result, we are reaffirming the midpoint of our full year same-store revenue guidance at 0.75%.
CPT · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-04-30 20:36:04 UTC-0.3% – 1.8%-0.3% – 1.8% vs FY2025
| Revenues | (0.25)% - 1.75% | 0.75% | 0.75% | 0.00% |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
2026-02-07 05:02:09 UTC75 bps75 bps vs FY2025
The midpoint of our 2026 same property revenue guidance range is 75 basis points.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
2026-02-05 21:44:49 UTC-0.3% – 1.8%new-0.3% – 1.8% vs FY2025
| Total Revenue Growth | (0.25%) - 1.75% |
CPT · EX-99.1 · Q4 FY2025
2026-02-05 21:42:53 UTCOpen source
2026-07-30 20:27:40 UTC$5.89lowered -2.0%
| Expected real estate depreciation and amortization | 1.55 | 1.55 | 5.89 | 5.89 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-04-30 20:36:04 UTC$6.01new
| Expected real estate depreciation and amortization | 1.48 | 1.48 | 6.01 | 6.01 |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$1.55new
| Expected real estate depreciation and amortization | 1.55 | 1.55 | 5.89 | 5.89 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
1 metric1 raisedearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$6.05 – $6.19raised +0.3%
| FFO | $1.62 - $1.66 | $6.05 - $6.19 | $6.12 | $6.10 | $0.02 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-04-30 20:36:04 UTC$5.95 – $6.25lowered -7.7%
| FFO | $1.63 - $1.67 | $5.95 - $6.25 | $6.10 | 6.61 | $(0.51) |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
2026-02-05 21:44:49 UTC$6.46 – $6.76new
| FFO | $1.61 - $1.65 | $1.63 | $6.46 - $6.76 | $6.61 |
CPT · EX-99.1 · Q4 FY2025
2026-02-05 21:42:53 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$1.62 – $1.66new
| FFO | $1.62 - $1.66 | $6.05 - $6.19 | $6.12 | $6.10 | $0.02 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
1 metric1 loweredearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC-$9.88 – -$9.68lowered -1404.6%
| Expected (gain) on sale of operating properties | (9.09) | (9.29) | (9.68) | (9.88) |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-04-30 20:36:04 UTC-$0.65new
| Expected (gain) on sale of operating properties | — | — | (0.65) | (0.65) |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC-$9.29 – -$9.09new
| Expected (gain) on sale of operating properties | (9.09) | (9.29) | (9.68) | (9.88) |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
1 metric1 maintainedearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$0.08maintained
| Expected income allocated to non-controlling interests | 0.02 | 0.02 | 0.08 | 0.08 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-04-30 20:36:04 UTC$0.08new
| Expected income allocated to non-controlling interests | 0.02 | 0.02 | 0.08 | 0.08 |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$0.02new
| Expected income allocated to non-controlling interests | 0.02 | 0.02 | 0.08 | 0.08 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTFY2026 · ends 2026-12-31
1 metric1 loweredearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$0.63lowered -3.1%
| Anticipated Adjustments to FFO | 0.05 | 0.05 | 0.63 | 0.63 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
2026-04-30 20:36:04 UTC$0.65raised +364.3%
| Anticipated Adjustments to FFO | 0.02 | 0.02 | 0.65 | 0.65 |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source
2026-02-07 05:02:09 UTC$0.14new
Non-core FFO adjustments for the year are anticipated to be approximately $0.14 per share and are primarily legal expenses and expense transaction pursuit costs.
CPT · transcript · Q4 FY2025
2026-02-07 05:00:00 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ3 FY2026 · ends 2026-09-30
1 metric1 newearnings release · 2026-07-30 20:27:40 UTC
2026-07-30 20:27:40 UTC$0.05new
| Anticipated Adjustments to FFO | 0.05 | 0.05 | 0.63 | 0.63 |
CPT · EX-99.1 · Q2 FY2026
2026-07-30 20:26:21 UTCOpen source
CPTCAMDEN PROPERTY TRUSTQ2 FY2026 · ends 2026-06-30
1 metric1 maintainedearnings call · 2026-05-02 04:01:12 UTC
2026-05-02 04:01:12 UTC$1.65 – $1.69maintained
We expect Core FFO per share for the second quarter to be within the range of $1.65-$1.69, representing a $0.03 per share sequential decline from the first quarter at the midpoint.
CPT · transcript · Q1 FY2026
2026-05-02 04:00:00 UTCOpen source
2026-04-30 20:36:04 UTC$1.65 – $1.69new
| Core FFO(1) | $1.65 - $1.69 | $6.60 - $6.90 | $6.75 | 6.75 | $0.00 |
CPT · EX-99.1 · Q1 FY2026
2026-04-30 20:34:58 UTCOpen source