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Camden Property Trust

NYSE:CPT
Snowflake Description

Established dividend payer with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CPT
NYSE
$10B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. The last earnings update was 21 days ago. More info.


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CPT Share Price and Events
7 Day Returns
1.3%
NYSE:CPT
-0.3%
US REITs
-2.1%
US Market
1 Year Returns
21.8%
NYSE:CPT
13.8%
US REITs
1.3%
US Market
CPT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Camden Property Trust (CPT) 1.3% 4.3% 6.8% 21.8% 22.4% 48.5%
US REITs -0.3% 2.4% 3.2% 13.8% 11.3% 25.6%
US Market -2.1% -4.2% 0% 1.3% 33.5% 38%
1 Year Return vs Industry and Market
  • CPT outperformed the REITs industry which returned 13.8% over the past year.
  • CPT outperformed the Market in United States of America which returned 1.3% over the past year.
Price Volatility
CPT
Industry
5yr Volatility vs Market

Value

 Is Camden Property Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Camden Property Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Camden Property Trust.

NYSE:CPT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:CPT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.529 (1 + (1- 21%) (21.07%))
0.744
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:CPT using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Camden Property Trust is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Camden Property Trust is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:CPT DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 429.82 Analyst x8 399.84
2020 453.27 Analyst x9 392.25
2021 497.03 Analyst x1 400.12
2022 505.18 Analyst x1 378.30
2023 514.29 Analyst x1 358.27
2024 532.49 Est @ 3.54% 345.07
2025 550.04 Est @ 3.3% 331.59
2026 567.24 Est @ 3.13% 318.10
2027 584.30 Est @ 3.01% 304.81
2028 601.39 Est @ 2.92% 291.84
Present value of next 10 years cash flows $3,520.19
NYSE:CPT DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $601.39 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$12,957.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12,957.28 ÷ (1 + 7.5%)10
$6,287.96
NYSE:CPT Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,520.19 + $6,287.96
$9,808.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $9,808.16 / 98.48
$100
NYSE:CPT Discount to Share Price
Calculation Result
Value per share (USD) From above. $100.00
Current discount Discount to share price of $104.30
= -1 x ($104.30 - $100.00) / $100.00
-4.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Camden Property Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Camden Property Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Camden Property Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:CPT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.61
NYSE:CPT Share Price ** NYSE (2019-05-24) in USD $104.3
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Camden Property Trust.

NYSE:CPT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:CPT Share Price ÷ EPS (both in USD)

= 104.3 ÷ 1.61

64.61x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden Property Trust is overvalued based on earnings compared to the US REITs industry average.
  • Camden Property Trust is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Camden Property Trust's expected growth come at a high price?
Raw Data
NYSE:CPT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 64.61x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
5.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.39x
United States of America Market PEG Ratio Median Figure of 2,120 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

NYSE:CPT PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 64.61x ÷ 5.6%

11.45x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden Property Trust is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Camden Property Trust's assets?
Raw Data
NYSE:CPT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $37.78
NYSE:CPT Share Price * NYSE (2019-05-24) in USD $104.3
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.86x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NYSE:CPT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:CPT Share Price ÷ Book Value per Share (both in USD)

= 104.3 ÷ 37.78

2.76x

* Primary Listing of Camden Property Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Camden Property Trust is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Camden Property Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Camden Property Trust has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Camden Property Trust expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Camden Property Trust expected to grow at an attractive rate?
  • Camden Property Trust's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Camden Property Trust's earnings growth is positive but not above the United States of America market average.
  • Camden Property Trust's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:CPT Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:CPT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 5.6%
NYSE:CPT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 4.6%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.7%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:CPT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:CPT Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 1,206 201 1
2022-12-31 1,174 196 1
2021-12-31 1,133 233 2
2020-12-31 1,062 565 205 10
2019-12-31 1,015 533 179 6
NYSE:CPT Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 989 509 154
2018-12-31 972 504 155
2018-09-30 959 477 204
2018-06-30 945 462 199
2018-03-31 931 449 200
2017-12-31 919 435 196
2017-09-30 905 419 149
2017-06-30 898 424 405
2017-03-31 895 420 429
2016-12-31 893 443 431
2016-09-30 890 463 445
2016-06-30 881 451 187

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Camden Property Trust's earnings are expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
  • Camden Property Trust's revenue is expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:CPT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Camden Property Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CPT Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.65 2.65 2.65 1.00
2020-12-31 2.10 2.46 1.88 6.00
2019-12-31 1.85 2.14 1.75 6.00
NYSE:CPT Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.61
2018-12-31 1.63
2018-09-30 2.14
2018-06-30 2.12
2018-03-31 2.16
2017-12-31 2.14
2017-09-30 1.65
2017-06-30 4.50
2017-03-31 4.78
2016-12-31 4.81
2016-09-30 4.98
2016-06-30 2.09

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Camden Property Trust is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Camden Property Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Camden Property Trust has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Camden Property Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Camden Property Trust's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Camden Property Trust's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Camden Property Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Camden Property Trust's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.
Earnings and Revenue History
Camden Property Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Camden Property Trust Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:CPT Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 988.99 154.42 51.82
2018-12-31 971.67 155.02 50.74
2018-09-30 958.54 203.56 50.12
2018-06-30 944.55 199.34 49.06
2018-03-31 930.89 200.07 49.24
2017-12-31 919.31 195.76 49.89
2017-09-30 905.00 149.03 49.46
2017-06-30 897.76 404.61 48.71
2017-03-31 895.28 429.08 48.06
2016-12-31 892.64 430.68 47.42
2016-09-30 889.82 445.13 47.95
2016-06-30 881.30 187.07 48.93
2016-03-31 865.85 154.26 48.71
2015-12-31 849.38 227.51 46.23
2015-09-30 850.72 349.11 43.72
2015-06-30 851.06 355.20 42.26
2015-03-31 849.16 359.40 41.21
2014-12-31 804.36 271.21 41.01
2014-09-30 833.01 153.00 39.42
2014-06-30 821.34 148.46 40.08
2014-03-31 830.16 159.73 40.14
2013-12-31 826.62 148.42 40.59
2013-09-30 811.07 162.36 41.19
2013-06-30 794.71 155.47 39.50
2013-03-31 751.53 126.64 38.64
2012-12-31 713.43 151.33 37.53
2012-09-30 683.48 110.38 36.78
2012-06-30 661.30 94.45 36.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Camden Property Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Camden Property Trust used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Camden Property Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Camden Property Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Camden Property Trust has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Camden Property Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Camden Property Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Camden Property Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Camden Property Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Camden Property Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Camden Property Trust Company Filings, last reported 1 month ago.

NYSE:CPT Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 3,726.32 2,155.02 6.09
2018-12-31 3,385.10 2,329.00 34.38
2018-09-30 3,413.92 2,259.61 24.23
2018-06-30 3,428.60 2,205.29 74.57
2018-03-31 3,462.41 2,207.34 109.10
2017-12-31 3,484.71 2,205.10 370.69
2017-09-30 3,466.58 2,204.25 350.27
2017-06-30 3,041.14 2,303.90 16.32
2017-03-31 3,071.60 2,450.30 245.53
2016-12-31 3,095.55 2,480.59 237.36
2016-09-30 3,121.03 2,480.63 313.74
2016-06-30 3,272.39 2,480.80 341.73
2016-03-31 2,864.16 2,765.82 6.94
2015-12-31 2,892.90 2,724.69 10.62
2015-09-30 2,896.24 2,715.21 10.38
2015-06-30 2,919.09 2,674.69 16.51
2015-03-31 2,939.91 2,743.12 174.35
2014-12-31 2,888.41 2,730.61 153.92
2014-09-30 2,751.55 2,743.95 66.13
2014-06-30 2,714.87 2,700.24 16.07
2014-03-31 2,739.11 2,589.92 16.77
2013-12-31 2,760.18 2,530.77 17.79
2013-09-30 2,677.99 2,665.04 4.71
2013-06-30 2,705.13 2,523.82 6.51
2013-03-31 2,650.02 2,483.61 59.64
2012-12-31 2,626.71 2,510.47 26.67
2012-09-30 2,533.11 2,393.93 5.59
2012-06-30 2,464.91 2,402.31 52.13
  • Camden Property Trust's level of debt (57.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (94.6% vs 57.8% today).
  • Debt is well covered by operating cash flow (23.6%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.9x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Camden Property Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Camden Property Trust has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Camden Property Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.07%
Current annual income from Camden Property Trust dividends. Estimated to be 3.15% next year.
If you bought $2,000 of Camden Property Trust shares you are expected to receive $61 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Camden Property Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Camden Property Trust's dividend is below the markets top 25% of dividend payers in United States of America (3.76%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:CPT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:CPT Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 3.54 1.00
2022-12-31 3.47 1.00
2021-12-31 3.51 3.00
2020-12-31 3.31 15.00
2019-12-31 3.17 14.00
NYSE:CPT Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-31 3.200 3.201
2018-12-03 3.080 3.411
2018-09-14 3.080 3.328
2018-06-15 3.080 3.332
2018-05-04 3.080 3.529
2018-05-03 3.080 3.593
2018-02-16 3.080 3.700
2018-02-01 3.080 3.770
2017-12-01 3.000 3.367
2017-09-08 3.000 3.230
2017-06-15 3.000 3.388
2017-05-05 3.000 3.581
2017-05-04 3.000 3.656
2016-12-02 3.000 3.660
2016-09-12 3.000 3.733
2016-06-15 3.000 3.436
2016-04-29 3.000 3.584
2016-04-28 3.000 3.681
2016-02-19 3.000 3.739
2016-01-29 3.000 4.051
2015-12-03 2.800 3.738
2015-09-15 2.800 3.710
2015-06-15 2.800 3.678
2015-05-01 2.800 3.742
2015-04-30 2.800 3.732
2015-02-20 2.800 3.669
2015-01-29 2.800 3.680
2014-12-03 2.640 3.457
2014-09-15 2.640 3.635
2014-06-16 2.640 3.631
2014-01-30 2.640 3.901
2013-12-03 2.520 4.281
2013-09-16 2.520 4.038
2013-06-14 2.520 3.742
2013-02-01 2.520 3.579
2012-12-03 2.240 3.278
2012-09-14 2.240 3.443
2012-06-15 2.240 3.254
2012-03-08 2.240 3.414
2011-12-05 1.960 3.187
2011-09-15 1.960 3.399
2011-06-15 1.960 3.010
2011-03-14 1.960 3.273
2010-12-06 1.800 3.299
2010-09-15 1.800 3.605
2010-06-15 1.800 4.004
2010-03-15 1.800 3.970
2009-12-07 1.800 4.511
2009-09-15 1.800 4.639
2009-06-15 1.800 5.853

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Camden Property Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (162.6x coverage).
X
Income/ dividend checks
We assess Camden Property Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Camden Property Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Camden Property Trust has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Camden Property Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ric Campo
COMPENSATION $4,009,587
AGE 63
TENURE AS CEO 26 years
CEO Bio

Mr. Richard J. Campo, also known as Ric, serves as the Chief Executive Officer, Chairman and Trust Manager of Camden Property Trust since May 1993. As the Chairman and CEO of one of the nation’s largest multifamily Real Estate Investment Trusts, Mr. Campo holds strategic roles within the real estate industry. He is currently a member of the National Association of Real Estate Investment Trusts (NAREIT) where he serves on the Executive Board, the National Multifamily Housing Council (NMHC) and was past chairman, and the Urban Land Institute (ULI). Mr. Campo began his real estate career after graduating from Oregon State University in 1976. After working for a private Houston real estate company, Mr. Campo co-founded Camden’s predecessor companies in 1982 and has spent almost 30 years building a company of great people that are renowned for their management proficiency, their development and construction capabilities and their savvy in the areas of technology, training and marketing. Mr. Campo serves on the Board of Directors of several organizations that focus on the economic development, business outlook and future growth of Houston, including Central Houston, Inc., and the Greater Houston Community Foundation, and is an Executive Advisory Board Member for the University of Houston, C.T. Bauer College of Business. He serves as a Director of Greater Houston Partnership, Inc. Mr. Campo is also the Chairman of the Houston First Corporation, a local government corporation that facilitates the city's economic growth through the business of conventions and the arts. Mr. Campo is a member of the American Institute of Certified Public Accountants (AICPA). Mr. Campo holds a Bachelor’s Degree in Accounting from Oregon State University.

CEO Compensation
  • Ric's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ric's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Camden Property Trust management team in years:

11.2
Average Tenure
55
Average Age
  • The average tenure for the Camden Property Trust management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ric Campo

TITLE
Chairman of the Board of Trust Managers & CEO
COMPENSATION
$4M
AGE
63
TENURE
26 yrs

D. Oden

TITLE
President & Trust Manager
COMPENSATION
$4M
AGE
61
TENURE
11.2 yrs

Alex Jessett

TITLE
Executive VP of Finance
COMPENSATION
$2M
AGE
44
TENURE
6 yrs

H. Stewart

TITLE
Chief Operating Officer
COMPENSATION
$3M
AGE
66
TENURE
11.2 yrs

Bill Sengelmann

TITLE
Executive Vice President of Real Estate Investments
COMPENSATION
$2M
AGE
59
TENURE
11.2 yrs

Michael Gallagher

TITLE
Senior VP & Chief Accounting Officer
AGE
49
TENURE
6.3 yrs

Kristy Simonette

TITLE
Senior VP of Strategic Services & Chief Information Officer
AGE
51

Kim Callahan

TITLE
Senior Vice President of Investor Relations
AGE
48

Josh Lebar

TITLE
Senior VP

Julie Keel

TITLE
Vice President of Marketing
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Camden Property Trust board of directors in years:

14.2
Average Tenure
62.5
Average Age
  • The average tenure for the Camden Property Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

D. Oden

TITLE
President & Trust Manager
COMPENSATION
$4M
AGE
61
TENURE
26.3 yrs

Bill Paulsen

TITLE
Trust Manager
COMPENSATION
$347K
AGE
71
TENURE
14.2 yrs

Ric Campo

TITLE
Chairman of the Board of Trust Managers & CEO
COMPENSATION
$4M
AGE
63
TENURE
26 yrs

William McGuire

TITLE
Trust Manager
COMPENSATION
$309K
AGE
73
TENURE
14.2 yrs

Frances Sevilla-Sacasa

TITLE
Trust Manager
COMPENSATION
$201K
AGE
62
TENURE
7.8 yrs

Kelvin Westbrook

TITLE
Lead Independent Trust Manager
COMPENSATION
$208K
AGE
62
TENURE
2.3 yrs

Scott Ingraham

TITLE
Trust Manager
COMPENSATION
$193K
AGE
64
TENURE
21.3 yrs

Steve Webster

TITLE
Trust Manager
COMPENSATION
$185K
AGE
67
TENURE
26.3 yrs

Heather Brunner

TITLE
Trust Manager
COMPENSATION
$193K
AGE
49
TENURE
2.3 yrs

Renu Khator

TITLE
Trust Manager
COMPENSATION
$193K
AGE
62
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • Camden Property Trust insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
22. May 19 Sell William Paulsen Individual 21. May 19 21. May 19 -1,979 $102.19 $-202,234
06. Feb 19 Sell William Paulsen Individual 05. Feb 19 05. Feb 19 -2,890 $97.17 $-280,821
26. Dec 18 Sell William Paulsen Individual 21. Dec 18 21. Dec 18 -11,344 $89.38 $-1,013,927
06. Dec 18 Sell Richard Campo Individual 03. Dec 18 03. Dec 18 -63,000 $95.01 $-5,965,784
06. Dec 18 Sell D. Oden Individual 03. Dec 18 03. Dec 18 -63,000 $95.01 $-5,965,784
06. Dec 18 Sell H. Stewart Individual 03. Dec 18 03. Dec 18 -27,474 $95.19 $-2,605,600
26. Nov 18 Sell Michael Gallagher Individual 21. Nov 18 21. Nov 18 -1,841 $94.38 $-173,754
01. Nov 18 Sell William McGuire Individual 30. Oct 18 30. Oct 18 -2,190 $92.60 $-202,790
22. Aug 18 Sell H. Stewart Individual 20. Aug 18 20. Aug 18 -21,017 $94.60 $-1,985,426
17. Dec 18 Sell D. Oden Individual 15. Aug 18 16. Aug 18 -80,588 $93.82 $-7,558,140
17. Aug 18 Sell Richard Campo Individual 15. Aug 18 16. Aug 18 -80,588 $93.82 $-7,558,140
17. Aug 18 Sell Alexander J. Jessett Individual 17. Aug 18 17. Aug 18 -9,674 $94.61 $-915,257
17. Aug 18 Sell William Sengelmann Individual 16. Aug 18 17. Aug 18 -31,895 $94.43 $-3,011,653
17. Aug 18 Sell H. Stewart Individual 15. Aug 18 16. Aug 18 -65,039 $93.82 $-6,099,839
06. Jun 18 Sell William Paulsen Individual 04. Jun 18 04. Jun 18 -2,190 $90.54 $-198,283
06. Jun 18 Sell H. Stewart Individual 05. Jun 18 05. Jun 18 -11,020 $90.68 $-999,294
X
Management checks
We assess Camden Property Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Camden Property Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Why You Shouldn't Look At Camden Property Trust's (NYSE:CPT) Bottom Line

Camden Property Trust is a US$10.0b mid-cap, real estate investment trust (REIT) based in Houston, United States. … View our latest analysis for Camden Property Trust REIT investors should be familiar with the term Fund from Operations (FFO) – a REIT’s main source of cash flow from its day-to-day business activities. … Camden Property Trust can bring about diversification for your portfolio, but before you decide to invest, take a look at the other aspects you must consider before investing: Future Outlook: What are well-informed industry analysts predicting for CPT’s future growth?

Simply Wall St -

What Are Analysts Saying About The Future Of Camden Property Trust's (NYSE:CPT)?

After Camden Property Trust's (NYSE:CPT) earnings announcement in December 2018,. … analyst consensus outlook appear cautiously optimistic, … with earnings expected to grow by 23% in the upcoming year

Simply Wall St -

Camden Property Trust (NYSE:CPT) Shareholders Booked A 50% Gain In The Last Five Years

For example, the Camden Property Trust (NYSE:CPT) share price is up 50% in the last five years, slightly above the market return. … Camden Property Trust's earnings per share are down 0.9% per year, despite strong share price performance over five years. … In contrast revenue growth of 3.4% per year is probably viewed as evidence that Camden Property Trust is growing, a real positive.

Simply Wall St -

Why Camden Property Trust's (NYSE:CPT) CEO Pay Matters To You

In 1993 Ric Campo was appointed CEO of Camden Property Trust (NYSE:CPT). … At the time of writing our data says that Camden Property Trust has a market cap of US$9.9b, and is paying total annual CEO compensation of US$3.8m. … We took a group of companies with market capitalizations over US$8.0b, and calculated the median CEO total compensation to be US$11m

Simply Wall St -

Camden Property Trust (NYSE:CPT): Will The Growth Last?

Camden Property Trust's (NYSE:CPT) latest earnings announcement in December 2018a … revealed

Simply Wall St -

How Much Are Camden Property Trust (NYSE:CPT) Insiders Taking Off The Table?

So we'll take a look at whether insiders have been buying or selling shares in Camden Property Trust (NYSE:CPT). … Camden Property Trust Insider Transactions Over The Last Year. … Over the last year, we can see that the biggest insider sale was by President & Trust Manager D.

Simply Wall St -

Why You Shouldn't Look At Camden Property Trust's (NYSE:CPT) Bottom Line

Camden Property Trust is a US$8.3b. … real estate investment trust (REIT) based in Houston, United States. … REITs are basically a portfolio of income-producing real estate investments, which are owned and operated by management of that trust company.

Simply Wall St -

Does Camden Property Trust (NYSE:CPT) Create Value For Shareholders?

Our data shows Camden Property Trust has a return on equity of 6.1% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.061 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Does Camden Property Trust's (NYSE:CPT) CEO Pay Reflect Performance?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Ric Campo's Compensation Compare With Similar Sized Companies. … Our data indicates that Camden Property Trust is worth US$9.1b, and total annual CEO compensation is US$3.8m

Simply Wall St -

How Should You Analyze REIT Stock Camden Property Trust (NYSE:CPT)?

Camden Property Trust is a US$8.7b. … REIT shares give you ownership of the company than owns and manages various income-producing property, whether it be commercial, industrial or residential. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Simply Wall St -

Company Info

Description

Camden Property Trust, an S&P 400 Company, is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 161 properties containing 55,160 apartment homes across the United States. Upon completion of 6 properties currently under development, the Company’s portfolio will increase to 56,858 apartment homes in 167 properties. Camden was recently named by FORTUNE® Magazine for the eleventh consecutive year as one of the “100 Best Companies to Work For” in America, ranking #24.

Details
Name: Camden Property Trust
CPT
Exchange: NYSE
Founded: 1993
$10,230,064,068
$10,083,685,513
98,479,631
Website: http://www.camdenliving.com
Address: Camden Property Trust
11 Greenway Plaza,
Suite 2400,
Houston,
Texas, 77046,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE CPT Common Shares New York Stock Exchange US USD 22. Jul 1993
DB CAL Common Shares Deutsche Boerse AG DE EUR 22. Jul 1993
Number of employees
Current staff
Staff numbers
1,600
Camden Property Trust employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 23:34
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/23
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.