Camden Property Trust (CPT) reported Q3 2025 property revenues of $395.7 million, missing consensus but up 2.2% year-over-year, supported by higher same-property revenues and effective blended lease rates despite a 7.7% jump in interest expenses. The company raised its full-year 2025 core FFO per share guidance to $6.83-$6.87, a 4-cent increase at the midpoint, and issued Q4 guidance of $1.71-$1.75. CPT also strategically disposed of two communities for an $85.6 million gain and repurchased $50 million in shares, though it currently holds a Zacks Rank #4 (Sell).
Camden Property Trust (CPT) reported Q3 2025 property revenues of $395.7 million, missing consensus but up 2.2% year-over-year. Same-property revenues increased 0.8%, yet a 2.3% rise in expenses resulted in nearly flat same-property Net Operating Income (NOI) at $237.9 million. Elevated interest expenses, up 7.7% to $35 million, partially constrained overall growth. CPT raised its full-year 2025 core FFO per share guidance to $6.83-$6.87, a 4-cent increase at the midpoint, now above the Zacks Consensus Estimate of $6.81. Q4 core FFO guidance was set at $1.71-$1.75, with the lower end matching consensus. Strategic portfolio management included disposing of two communities for $113.5 million, generating an $85.6 million gain, and repurchasing $50 million in shares. The company exited Q3 with $796.3 million in liquidity, but its net debt-to-annualized adjusted EBITDAre rose to 4.2 times from 3.9 times year-over-year, indicating increased leverage. Despite the positive FFO guidance revision and ongoing share repurchases, CPT currently holds a Zacks Rank #4 (Sell), suggesting a cautious analyst outlook.
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