CAMDEN PROPERTY TRUST
Business
Camden Property Trust is a REIT that owns, operates, manages, develops, repositions, redevelops, and acquires multifamily apartment communities across the United States. As of December 31, 2025, the company owned interests in or operated 175 multifamily properties comprising 59,921 apartment homes. The company focuses on property operations, development, acquisitions, and capital recycling in geographically diverse markets with favorable economic conditions and quality-of-life characteristics. Camden distributes its properties across the U.S. through direct ownership and operation, employing sophisticated property management capabilities and resident-focused operational strategies.
Summary from 10-K filed 2026-02-12
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Property revenues | 1,574 | 1,544 | 1,542 | 1,423 | 1,144 | |
| Property operating and maintenance | 370 | 366 | 354 | 316 | 268 | |
| Real estate taxes | 197 | 193 | 195 | 182 | 149 | |
| Total property expenses | 567 | 559 | 549 | 498 | 417 | |
| Fee and asset management | 13 | 7 | 3 | 5 | 11 | |
| Interest and other income | 256,000 | 4 | 879,000 | 3 | 1 | |
| Income on deferred compensation plans | 19 | 13 | 15 | −20 | 14 | |
| Total non-property income | 32 | 24 | 20 | −11 | 26 | |
| Property management | 37 | 38 | 34 | 29 | 26 | |
| Fee and asset management | 3 | 2 | 2 | 3 | 5 | |
| General and administrative | 79 | 72 | 63 | 60 | 59 | |
| Interest | 138 | 130 | 133 | 113 | 97 | |
| Depreciation and amortization | 611 | 582 | 575 | 577 | 421 | |
| Expense on deferred compensation plans | 19 | 13 | 15 | −20 | 14 | |
| Total other expenses | 888 | 837 | 822 | 762 | 623 | |
| Impairment associated with land development activities | −13 | −41 | 0 | 0 | — | |
| Loss on early retirement of debt | 0 | −921,000 | −3 | 0 | 0 | |
| Gain on sale of operating properties | 261 | 44 | 225 | 36 | 174 | |
| Income from continuing operations before income taxes | 399 | 174 | 414 | 664 | 314 | |
| Income tax expense | −4 | −3 | −4 | −3 | −2 | |
| Net income | 395 | 171 | 411 | 662 | 312 | |
| Net income allocated to non-controlling interests | −10 | −8 | −7 | −8 | −8 | |
| Net income attributable to common shareholders | 384 | 163 | 403 | 654 | 304 | |
| Total earnings per common share basic | 3.54 | 1.5 | 3.71 | 6.07 | 2.97 | |
| Total earnings per common share diluted | 3.54 | 1.5 | 3.7 | 6.04 | 2.96 | |
| Weighted average number of common shares outstanding basic | 108 | 108 | 109 | 108 | 102 | |
| Weighted average number of common shares outstanding diluted | 108 | 109 | 109 | 108 | 103 | |
| Unrealized gain/(loss) on cash flow hedging activities | 0 | 85,000 | −728,000 | 0 | 0 | |
| Unrealized loss and unamortized prior service cost on post retirement obligation | −212,000 | −18,000 | −183,000 | 489,000 | 154,000 | |
| Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation | 1 | 2 | 1 | 1 | 1 | |
| Comprehensive income | 396 | 173 | 411 | 663 | 314 | |
| Comprehensive income attributable to common shareholders | 386 | 166 | 404 | 656 | 306 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 1,787 | 1,723 | 1,712 | 1,716 | 1,350 | |
| Buildings and improvements | 11,793 | 11,319 | 10,993 | 10,675 | 8,625 | |
| Real estate assets, at cost, total | 13,580 | 13,042 | 12,705 | 12,391 | 9,974 | |
| Accumulated depreciation | −5,296 | −4,867 | −4,333 | −3,848 | −3,358 | |
| Net operating real estate assets | 8,284 | 8,175 | 8,373 | 8,543 | 6,616 | |
| Properties under development and land | 419 | 402 | 487 | 525 | 475 | |
| Total real estate assets | 8,704 | 8,576 | 8,860 | 9,068 | 7,105 | |
| Accounts receivable affiliates | 9 | 9 | 12 | 13 | — | |
| Other assets, net | 293 | 235 | 244 | 229 | 234 | |
| Cash and cash equivalents | 25 | 21 | 260 | 11 | 613 | |
| Restricted cash | 12 | 11 | 8 | 7 | 6 | |
| Total assets | 9,043 | 8,852 | 9,384 | 9,328 | 7,977 | |
| Unsecured notes payable | 3,570 | 3,155 | 3,385 | 3,166 | 3,170 | |
| Secured Debt | 331 | 330 | 330 | 515 | 0 | |
| Accounts payable and accrued expenses | 248 | 215 | 223 | 211 | 192 | |
| Accrued real estate taxes | 92 | 79 | 97 | 96 | 67 | |
| Distributions payable | 115 | 114 | 110 | 104 | 89 | |
| Other liabilities | 249 | 212 | 187 | 180 | 193 | |
| Total liabilities | 4,605 | 4,105 | 4,332 | 4,271 | 3,711 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Common shares of beneficial interest; $0.01 par value per share; 175,000,000 shares authorized; 117,737,767 and 117,737,740 issued at December 31, 2025 and 2024, respectively; 115,711,964 and 115,779,233 outstanding at December 31, 2025 and 2024, respectively | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 5,949 | 5,931 | 5,915 | 5,897 | 5,364 | |
| Distributions in excess of net income attributable to common shareholders | −969 | −898 | −614 | −582 | −829 | |
| Treasury shares, at cost (11,373,251 and 9,091,081 common shares, at December 31, 2025 and 2024, respectively) | −620 | −360 | −320 | −329 | −334 | |
| Accumulated other comprehensive income | 2 | 974,000 | −1 | −2 | −4 | |
| Total common equity | 4,363 | 4,675 | 4,981 | 4,987 | 4,197 | |
| Non-controlling interests | 76 | 72 | 71 | 70 | 69 | |
| Total equity | 4,438 | 4,747 | 5,052 | 5,057 | 4,266 | |
| Total liabilities and equity | 9,043 | 8,852 | 9,384 | 9,328 | 7,977 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 611 | 582 | 575 | 577 | 421 | |
| Gain on sale of operating properties | −261 | −44 | −225 | −36 | −174 | |
| Share-based compensation | 17 | 15 | 15 | 13 | 15 | |
| Net change in operating accounts and other | 52 | 9 | 18 | 4 | 4 | |
| Net cash from operating activities | 827 | 775 | 795 | 745 | 577 | |
| Development and capital improvements, including land | −440 | −394 | −411 | −449 | −429 | |
| Acquisition of operating properties | −419 | 0 | 0 | −1,066 | −630 | |
| Net proceeds from sales of operating properties | 366 | 114 | 291 | 71 | 255 | |
| Increase in non-real estate assets | −2 | −4 | −6 | −4 | −4 | |
| Other | −3 | −2 | −1 | −7 | 4 | |
| Net cash from investing activities | −500 | −285 | −127 | −1,456 | −804 | |
| Borrowings on unsecured revolving credit facility | 588 | 586 | 1,335 | 758 | 0 | |
| Repayments on unsecured revolving credit facility | −766 | −408 | −1,377 | −716 | 0 | |
| Proceeds from (Repayments of) Commercial Paper | 588 | 0 | 0 | — | — | |
| Repayment of notes payable, including prepayment penalties | 0 | −800 | −438 | −350 | 0 | |
| Proceeds from notes payable | 0 | 396 | 498 | 300 | 0 | |
| Distributions to common shareholders and non-controlling interests | −461 | −451 | −435 | −397 | −343 | |
| Payment of deferred financing costs | −2 | −3 | −3 | −11 | −1 | |
| Repurchase of common shares | −271 | −50 | 0 | 0 | — | |
| Other | 2 | 4 | 2 | 9 | 7 | |
| Net cash from financing activities | −322 | −725 | −417 | 110 | 421 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 5 | −236 | 251 | −602 | 194 | |
| Cash paid for interest, net of interest capitalized | 140 | 130 | 129 | 111 | 97 | |
| Cash paid for income taxes | 3 | 3 | 4 | 3 | 2 | |
| Distributions declared but not paid | 115 | 114 | 110 | 104 | 89 | |
| Value of shares issued under benefit plans, net of cancellations | 28 | 25 | 25 | 22 | 19 | |
| Accrual associated with construction and capital expenditures | 31 | 24 | 24 | 20 | 24 | |
| Right-of-use assets obtained in exchange for the use of new operating lease liabilities | 22 | 0 | 0 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CAMDEN PROPERTY TRUST's CIK number?
CAMDEN PROPERTY TRUST's SEC CIK number is 0000906345 (906345). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CAMDEN PROPERTY TRUST's SEC filings?
All of CAMDEN PROPERTY TRUST's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CAMDEN PROPERTY TRUST last report earnings?
CAMDEN PROPERTY TRUST (CPT) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-028942). This is CAMDEN PROPERTY TRUST's most recent earnings filing of record — not a forecast of its next earnings date.
What is CAMDEN PROPERTY TRUST's most recent earnings 8-K?
CAMDEN PROPERTY TRUST's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028942. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CAMDEN PROPERTY TRUST's latest earnings 8-K →
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