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US apartment REIT that owns and operates multifamily communities concentrated in Sunbelt growth markets.
US apartment REIT that owns and operates multifamily communities concentrated in Sunbelt growth markets.
Collects rent on apartment communities under roughly year-long leases, so income follows occupancy and how far rents can rise when leases turn over. It builds some communities itself rather than only buying them. As a REIT, it pays out most taxable income.
Moat: narrow (scale, installed base). Large diversified Sunbelt portfolio and low cost of capital aid occupancy but are not truly defensible.
Headquarters: Houston, Texas, United States · Founded: 1993 · Employees: 1,640
Size Camden Property Trust (CPT) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $13.4B, the 651st largest of 3,117 United States companies the cockpit tracks. Shares closed at $99.44 on 6 Nov 2026.
Performance Over six months the shares fell 3.3%, against -1.2% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 0.7% over the last twelve months (peer median +5.0%); the operating margin is 17.7% (peer median 34.7%).
Valuation It trades at 2.68× book value against a peer median of 1.79× (6th most expensive of 21).
Price implies The share price implies a return on equity of about 18.2%; Camden Property Trust delivers 7.8%, so the price asks more than the business earns today.
Credit Camden Property Trust has 5 bonds outstanding ($2.75B), rated A- by the agencies and trading like A- at a weighted spread of 68 bp.
Short interest Short interest is 5.2% of the free float (15 Oct 2026).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.58B | $1.59B | $1.55B | $1.54B | $1.43B |
| Revenue growth | — | +2% | +1% | +8% | — |
| Gross profit | $356M | $367M | $373M | $386M | $323M |
| EBITDA | $897M | $899M | $882M | $898M | $840M |
| Net income | $325M | $384M | $163M | $403M | $653M |
| Free cash flow | $322M | $386M | $381M | $384M | $295M |
| Capital expenditure | $488M | $443M | $398M | $417M | $454M |
| Total debt | $4.87B | $3.92B | $3.49B | $3.72B | $3.69B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Camden Property Trust CPT | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% |
| Mid-America Apartment Communities MAA | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% |
| Equity Residential EQR | n/a | +2% | n/a | n/a | n/a | n/a |
| AvalonBay Communities AVB | n/a | +4% | n/a | n/a | n/a | n/a |
| UDR UDR | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% |
| Independence Realty Trust IRT | $3.63B | -9% | +3% | 2% | 1.06× | 9.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CPT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.8% | +6.0% | 7th lowest of 21 |
| 6-month return | -3.3% | -1.2% | 9th lowest of 21 |
| Return on equity | 7.8% | 7.3% | 8th highest of 21 |
| Price / book | 2.68× | 1.79× | 6th most expensive of 21 |
| Trailing P/E | 32.9× | 26.0× | 7th most expensive of 18 |
| ROE the price implies | 18.2% | 14.8% | 6th most demanding of 21 |
| ROE delivered | 7.8% | 7.3% | 8th highest of 21 |
| Bond spread | 68 bp | 94 bp | 2nd tightest of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| UDR UDR | United States | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% | 21.8% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 20% | 2.28× | 14.8% | 19.6% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
| SEGRO SGRO.L | United Kingdom | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% | 2.5% |
Camden Property Trust has 5 bonds outstanding with $2.75B face value. The agencies rate it A-; its bonds trade like A-. Weighted yield 5.30%, a spread of 68 bp over government bonds.