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CPT

Camden Property TrustNYSE:CPT Stock Report

Market Cap

US$17.2b

7D

-1.4%

1Y

67.4%

Updated

30 Nov, 2021

Data

Company Financials +
CPT fundamental analysis
Snowflake Score
Valuation1/6
Future Growth3/6
Past Performance1/6
Financial Health1/6
Dividends5/6

CPT Stock Overview

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.

Camden Property Trust Competitors

Equity Residential

NYSE:EQR

US$33.1b

Invitation Homes

NYSE:INVH

US$24.2b

Sun Communities

NYSE:SUI

US$23.1b

Essex Property Trust

NYSE:ESS

US$22.9b

Price History & Performance

Summary of all time highs, changes and price drops for Camden Property Trust
Historical stock prices
Current Share PriceUS$165.21
52 Week HighUS$171.56
52 Week LowUS$94.59
Beta0.76
1 Month Change1.29%
3 Month Change8.33%
1 Year Change67.35%
3 Year Change78.09%
5 Year Change112.27%
Change since IPO618.30%

Recent News & Updates

Sep 27

Camden Property Trust: A Deep Dive

Camden Property Trust is an apartment REIT with a rare A- credit rating. Camden holds apartments in the very hottest markets in the US. We look at their methods and prospects for growing earnings and consider valuation.

Shareholder Returns

CPTUS REITsUS Market
7D-1.4%-2.7%-2.8%
1Y67.4%26.7%20.0%

Return vs Industry: CPT exceeded the US REITs industry which returned 26.7% over the past year.

Return vs Market: CPT exceeded the US Market which returned 20% over the past year.

Price Volatility

Is CPT's price volatile compared to industry and market?
CPT volatility
CPT Average Weekly Movement2.5%
REITs Industry Average Movement3.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: CPT is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: CPT's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19931,700Ric Campohttps://www.camdenliving.com

Camden Property Trust, an S&P 400 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns interests in and operates 167 properties containing 56,850 apartment homes across the United States. Upon completion of 7 properties currently under development, the Company’s portfolio will increase to 59,104 apartment homes in 174 properties.

Camden Property Trust Fundamentals Summary

How do Camden Property Trust's earnings and revenue compare to its market cap?
CPT fundamental statistics
Market CapUS$17.17b
Earnings (TTM)US$120.02m
Revenue (TTM)US$1.12b

143.0x

P/E Ratio

15.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CPT income statement (TTM)
RevenueUS$1.12b
Cost of RevenueUS$443.55m
Gross ProfitUS$677.47m
ExpensesUS$557.44m
EarningsUS$120.02m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)1.16
Gross Margin60.43%
Net Profit Margin10.71%
Debt/Equity Ratio80.2%

How did CPT perform over the long term?

See historical performance and comparison

Dividends

2.0%

Current Dividend Yield

65%

Payout Ratio

Valuation

Is Camden Property Trust undervalued compared to its fair value and its price relative to the market?

13.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CPT ($165.21) is trading below our estimate of fair value ($191.46)

Significantly Below Fair Value: CPT is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: CPT is poor value based on its PE Ratio (143x) compared to the US REITs industry average (45.6x).

PE vs Market: CPT is poor value based on its PE Ratio (143x) compared to the US market (16.8x).


Price to Earnings Growth Ratio

PEG Ratio: CPT is poor value based on its PEG Ratio (6.4x)


Price to Book Ratio

PB vs Industry: CPT is overvalued based on its PB Ratio (4.4x) compared to the US REITs industry average (2x).


Future Growth

How is Camden Property Trust forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

22.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPT's forecast earnings growth (22.4% per year) is above the savings rate (2%).

Earnings vs Market: CPT's earnings (22.4% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: CPT's revenue (7% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: CPT's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPT's Return on Equity is forecast to be low in 3 years time (6.1%).


Past Performance

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

-24.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPT has high quality earnings.

Growing Profit Margin: CPT's current net profit margins (10.7%) are lower than last year (17.7%).


Past Earnings Growth Analysis

Earnings Trend: CPT's earnings have declined by 24.1% per year over the past 5 years.

Accelerating Growth: CPT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CPT had negative earnings growth (-36.6%) over the past year, making it difficult to compare to the REITs industry average (27.7%).


Return on Equity

High ROE: CPT's Return on Equity (3.2%) is considered low.


Financial Health

How is Camden Property Trust's financial position?


Financial Position Analysis

Short Term Liabilities: CPT's short term assets ($453.1M) exceed its short term liabilities ($367.6M).

Long Term Liabilities: CPT's short term assets ($453.1M) do not cover its long term liabilities ($3.4B).


Debt to Equity History and Analysis

Debt Level: CPT's net debt to equity ratio (69.3%) is considered high.

Reducing Debt: CPT's debt to equity ratio has increased from 79.5% to 80.2% over the past 5 years.

Debt Coverage: CPT's debt is not well covered by operating cash flow (17.1%).

Interest Coverage: CPT's interest payments on its debt are not well covered by EBIT (2.3x coverage).


Balance Sheet


Dividend

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

2.01%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CPT's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: CPT's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (3.63%).


Stability and Growth of Payments

Stable Dividend: CPT's dividends per share have been stable in the past 10 years.

Growing Dividend: CPT's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65%), CPT's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPT's dividends in 3 years are forecast to be covered by earnings (57.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.7yrs

Average management tenure


CEO

Ric Campo (66 yo)

28.5yrs

Tenure

US$3,867,431

Compensation

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 mu...


CEO Compensation Analysis

Compensation vs Market: Ric's total compensation ($USD3.87M) is below average for companies of similar size in the US market ($USD11.14M).

Compensation vs Earnings: Ric's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CPT's management team is seasoned and experienced (8.7 years average tenure).


Board Members

Experienced Board: CPT's board of directors are considered experienced (7.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CPT insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.8%.


Top Shareholders

Company Information

Camden Property Trust's employee growth, exchange listings and data sources


Key Information

  • Name: Camden Property Trust
  • Ticker: CPT
  • Exchange: NYSE
  • Founded: 1993
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$17.171b
  • Market Cap: US$16.884b
  • Shares outstanding: 103.90m
  • Website: https://www.camdenliving.com

Number of Employees


Location

  • Camden Property Trust
  • 11 Greenway Plaza
  • Suite 2400
  • Houston
  • Texas
  • 77046
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:56
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.