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Camden Property Trust

Real Estate Investment Trusts

$97.58
+0.85%
Market cap $11.3B

Camden Property Trust is a real estate investment trust engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities.

It is a $11.3B real estate company. Revenue grew 56.8% over the last year, and it keeps 2486¢ of every dollar of sales as profit. It trades at 40.5× earnings — around the middle of its own history.

Location
Houston, TX
Employees
1 640
Sector
Real Estate

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation57Growth49Profitability47Health6Quality53Moat50

Growth, Profitability and Health lag behind.

Valuation57
  • P/E vs own history38th pct · 20/25
  • FCF yield7.1% · 20/25
  • P/S8.4x · 12/25
  • EV/EBITDA26.6x · 5/25
Growth49
  • Revenue CAGR5.3% · 12/25
  • Net income CAGR6.1% · 12/25
  • EPS CAGR ~5Y23.3% · 25/25
  • Fwd implied growth-47.3% · 0/25
Profitability47
  • ROIC11.4% · 12/25
  • ROE7.8% · 5/25
  • Net margin2486.2% · 25/25
  • Operating margin3.8% · 5/25
Health6
  • Altman Z-0.10 · 3/25
  • Current ratio0.41 · 0/25
  • Interest coverage1.1x · 3/25
  • Net cash / debtn/a · 0/25
Quality53
  • Piotroski F7/9 · 22/25
  • Beneish M-1.31 · 6/25
  • FCF conversion247% · 25/25
  • Margin stabilityσ 4505.1% · 0/25
Moat50
  • ROIC >12% years1/8 yrs · 0/25
  • Median gross margin-4191.6% · 0/25
  • FCF-positive years8/8 yrs · 25/25
  • Worst-year net marginworst 16.4% · 25/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. 2022Acquisition
    The company acquired the remaining ownership interests in its joint venture with Teacher Retirement System…
  2. FY2016Financial
    Profitable every year on record
    10 consecutive profitable years in our data
  3. FY2016Financial
    Positive free cash flow every year since
    10-year streak
  4. FY2016Financial
    Best year on record
    $820M net income
  5. 2012Acquisition
    The company purchased the 80% interest held by a joint venture partner in 12 communities for $99.5 million
  6. 2011Acquisition
    The company acquired 8 properties in Texas for $261 million
  7. 2005Acquisition
    The company acquired Summit Properties in a $1.1 billion transaction
  8. 1998Acquisition
    The company acquired Oasis Residential for $542 million in stock and the assumption of $430 million in debt
  9. 1997Acquisition
    The company acquired Paragon Group, which owned 17,000 apartment units, in a $615 million transaction
  10. 1993IPO
    The company became a public company via an initial public offering

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$6 488 today — price return only
$13.0M revenue in FY2025
Revenue up 56.8% year over year
Profitable 10 years in a row
Positive free cash flow 10 years in a row
1 640 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (61.3%)
  • Strongly profitable — 2486.2% net margin
  • Revenue growing 56.8% year over year
  • Strong cash conversion — FCF is 6146.4% of revenue
  • Piotroski F-Score 7/9 — fundamentally strong checklist

Watch-outs

  • Altman Z-Score -0.10 — elevated financial-distress risk
  • Net debt would take ~6.0 years of free cash flow to repay
  • Thin interest coverage (1.1×)

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed
  • Revenue growing+56.8% YoY
  • Profitable$326M TTM
  • Profit growing-16.2% YoY
  • Generates cash$806M TTM
  • Debt under controlcurrent ratio 0.41
  • Established company$11.3B market cap
  • Not printing shares+9.0% shares over ~5y
  • Proven track record10/10 profitable years
  • Financially stableAltman Z -0.1 — distress
  • Pays a dividendyield 3.47%
  • Valuation not extremeP/E 40.5
Peer comparisonCamden Property Trust vs 6 largest real estate peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
CPT this company$11.3B40.5+56.8%2486.2%Strained
WELL Welltower Inc.$162.5B108.1+37.6%12.1%Strained
PLD Prologis, Inc.$123.1B29.8+7.3%45.8%Strained
EQIX Equinix, Inc.$101.2B66.0+9.6%15.6%Strained
AMT American Tower Corporation$84.5B25.0+14.2%31.1%Strained
DLR Digital Realty Trust, Inc.$66.6B83.0+17.4%11.8%Strained
SPG Simon Property Group, Inc.$64.7B14.0+15.0%66.5%Strained

Head-to-head: CPT vs WELL · CPT vs PLD · CPT vs EQIX

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 6Buy 4Hold 16Sell 3

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of CPT on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $97.58 · market cap $11.3B.