Research memoCamden Property Trust (CPT) · NYSEMemo of October 25, 2026By Olivier Lachance

Camden earnings date

MyStockButler's October 2026 analysis: Camden's next results are expected on November 5, 2026. Watch whether Camden stays within guidance.

November 5, 2026
Next results
392,944
Revenue, quarter to Jun 2026 (US$ thousands, except per-share amounts in US$ and percentages)
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Every number traced to Camden's filings8 chapters · 20,900 words156 sources cited

What has Camden guided for 2026?

Management guides to 2026 same-property revenue growth of 0.0%–1.0% and expense growth of 2.0%–3.0%. That implies same-property NOI growth of -1.7%–0.5%. On July 30, 2026, it put full-year Core FFO at $6.68–$6.82 per diluted share.

Camden (CPT): Revenue by quarter (US$ thousands): Sep 2024 387,232, Jun 2026 392,944
Guidance in forceUS$, except stated
Period guidedLowHighDate given
Core FFO per diluted shareYear to Dec 20266.686.82Jul 30, 2026
Core FFO per diluted shareQuarter to Sep 20261.671.71Jul 30, 2026
Same Property Growth Guidance — RevenuesYear to Dec 20260.0%1.0%Jul 30, 2026
Same Property Growth Guidance — ExpensesYear to Dec 20262.0%3.0%Jul 30, 2026
Same Property Growth Guidance — NOIYear to Dec 2026-1.7%0.5%Jul 30, 2026

What this means. The earnings per share forecast includes a one-time profit from selling California properties, while funds from operations leaves out that property-sale profit, so the two forecasts are not directly comparable.

Did Camden keep its past promises?

Management’s delivery record is strong for recurring operations but not perfect for every accounting measure. Core FFO beat or met guidance across the checked quarters, while FFO and comparable EPS had some misses. Camden also cut its annual FFO midpoint from $6.61 to $6.10 in April while keeping Core FFO at $6.75. That revision is why the record earns a good, rather than perfect, assessment.

Promises kept: 4/5
What management forecastCheckedAboveWithinBelow
EPS7 quarters133
FFO7 quarters331
Core FFO7 quarters430

What this means. The property-profit figure includes earnings belonging to other owners who may convert their holdings into shares, so it is not all the profit belonging to ordinary shareholders.

What is Camden's last eight-quarter trend?

The eight-quarter pattern shows little sustained expansion. Revenue and NOI moved within narrow ranges, while per-share results were helped by fewer shares. Core AFFO per share fell as the dividend rose, pushing the payout higher.

The last eight quartersUS$ thousands, except per-share amounts in US$ and percentages
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue392,944388,773390,794395,676396,509390,565386,319387,232
Net operating income252,000248,704252,872249,980252,837251,145248,308243,872
FFO per share1.681.151.731.671.671.701.681.65
AFFO per share (company's measure)1.391.551.461.431.431.581.461.48
AFFO payout ratio76.3%68.4%71.9%73.4%73.4%66.5%70.5%69.6%
Occupancy95.6%95.0%95.1%95.5%95.6%95.3%95.2%95.4%

What this means. Occupancy is the average share of apartments occupied during the quarter, not the share occupied on the final day.

What should I watch in Camden's next results?

Camden planned to release third-quarter results on November 5, 2026, followed by its call on November 6. Those results should show whether performance stayed within guidance, how much debt remained after the California sale and whether South Charlotte’s lease-up accelerated. Those tests matter more than the sale-driven jump in EPS.

From the full memo · 1. The business

Camden Property Trust is an apartment landlord: it owns communities and sells households the right to live in individual homes. Its dollar comes in chiefly as rent and related resident charges, then goes out through property operations, corporate costs, borrowing and reinvestment before anything remains for owners.

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Where these numbers come from

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