Camden Property Trust

Camden Property Trust

CPT·NYSE

$110.68

+4.3%
Real EstateREIT - Residential

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 has been recognized as one of the 100 Best Companies to Work For® by FORTUNE magazine for 13 consecutive years, most recently ranking #18. The Company also received a Glassdoor Employees' Choice Award in 2020, ranking #25 for large U.S. companies.

At a Glance

Live Snapshot
Market Cap$11.13B
EPS3.5400
P/E Ratio31.27
Earnings Date07/30/2026

Intrinsic Alpha Methodology

Thesis Lenses

Signal · Driver · Risk

Signal

High confidence

Valuation multiple is elevated (P/E 31.3).

Valuation inputs: P/E 31.3, earnings yield +3.2%, momentum +4.3%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +8.8%, ROIC +3.3%).

Profitability stack: net margin +24.4%, ROE +8.8%, ROIC +3.3%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Downside profile looks controlled across current risk inputs.

Risk factors: liabilities/assets +50.9%, momentum +4.3%, net margin +24.4%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

cpt

Camden Property Trust Market vs Earnings Trajectory

CPT · NYSE

Loading price and EPS data...

Camden Property Trust

Camden Property Trust Fair Value Envelope

CPT · NYSE

Our analysis suggests that CPT has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $110.68, this represents a potential HIDDEN relative to our calculated worth for Camden Property Trust.

Intrinsic Value
Current Price: $110.68
3Y-42.0%
5Y+185.0%
10Y-61.0%
3Y+11.0%
5Y+51.0%
10Y+80.0%
3Y-41.0%
5Y+210.0%
10Y-53.0%
3Y+11.0%
5Y+59.0%
10Y+87.0%
3Y+31.0%
5Y+319.0%
10Y+286.0%
3Y-3.0%
5Y+26.0%
10Y+50.0%
Camden Property Trust

Camden Property Trust Profit Bridge

CPT · NYSE
Revenue1.57B
Cost of Goods Sold (607.24M)
Gross Profit966.31M
Operating Expenses (677.40M)
Operating Income288.91M
Interest Expense (138.24M)
Other Income/Expense110.01M
Pretax Income398.92M
Income Tax (4.02M)
Net Income384.46M
Net Income
384.46M

Profitability Analysis

Gross Margin

61.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

18.4%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

24.4%

Exceptional profitability. The company converts a significant portion of revenue to bottom-line earnings.

Effective Tax Rate

1.0%

Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.

Profitability Insight

Room for improvement: Moderate profitability with opportunities to enhance margins through better cost management or pricing strategy.

61.41%
Gross Profit Margin
3Y-2.0%
5Y+3.0%
10Y-
18.36%
Operating Profit Margin
-5%
3Y-
5Y-9.0%
10Y-34.0%
24.43%
Net Profit Margin
131%
3Y-47.0%
5Y+106.0%
10Y-74.0%
8.81%
Return on Equity
152%
3Y-33.0%
5Y+145.0%
10Y-67.0%
4.25%
Return on Assets
130%
3Y-39.0%
5Y+147.0%
10Y-69.0%
3.33%
Return on Invested Capital
-4%
3Y+14.0%
5Y+10.0%
10Y-22.0%
CPT

Camden Property Trust Cash Conversion Engine

CPT · NYSE
Net Income394.90M
Depreciation & Amortization611.02M
Stock-Based Compensation16.96M
Change in Working Capital51.73M
Others-247.99M
Capital Expenditures-440.40M
Free Cash Flow386.22M

Cash Flow Quality Analysis

FCF Conversion Rate

97.8%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

53.3%

Capital-intensive operations require significant reinvestment. Monitor whether CapEx is maintenance or growth-oriented.

FCF Growth Trend

+1.3%

Flat FCF growth. Stable but not expanding—monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

+$51.73M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Solid cash generation: Positive free cash flow with reasonable earnings quality provides financial flexibility for growth investments, debt reduction, or shareholder returns.

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Camden Property Trust Funding & Solvency Profile

CPT · NYSE
Cash & Cash Equivalents40.68M
Net Receivables8.08M
Inventory0.00
Other Current Assets0.00
Total Current Assets49 M
Property, Plant & Equipment0.00
Goodwill & Intangible Assets0.00
Long-Term Investments8.65B
Other Non-Current Assets266.89M
Total Non-Current Assets9 B
Total Assets
9.06B

Financial Health Analysis

Current Ratio

38.18x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

1.21x

Elevated leverage. Debt exceeds equity, which amplifies both gains and risks. Monitor debt servicing ability.

Working Capital

47 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

1% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

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Camden Property Trust Street Expectations Map

CPT · NYSE

Wall Street analysts project that CPT stock may see slight declines over the coming 12 months. The consensus 1-year price target stands at 110.25, with estimates ranging from a low of 95.00 to a high of 120.00.

Lowest Target
95.00
-14.17%
Consensus Target
110.25
-0.39%
Highest Target
120.00
8.42%

The consensus 1-year price target stands at 110.25, with estimates ranging from a low of 95.00 to a high of 120.00.

Analyst Consensus Analysis

Upside Potential

-0.4%

Fair value territory. Stock trading near consensus target suggests limited near-term catalysts. Focus on fundamental developments.

Analyst Agreement

22.7% spread

Good consensus alignment. Moderate target spread reflects general agreement on value drivers with some variance in assumptions.

Risk-Reward Profile

0.59x

Unfavorable risk-reward. Downside risk exceeds upside potential. Consider defensive positioning or alternative opportunities.

Analyst Conviction

Moderate

Neutral sentiment. Fair value pricing with moderate agreement suggests wait-and-see approach or catalyst-driven opportunity.

Market Sentiment Insight

Efficient pricing: Stock trading at fair value with strong consensus suggests market has priced in expectations. Look for fundamental inflection points or new catalysts to drive meaningful moves.

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Camden Property Trust Insider Positioning

CPT · NYSE

During the last 12 months, insiders have sold $280K worth of CPT shares, with no buying activity reported.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

2.6K

279.99K

Net Activity

-280K

-$280K

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

1
BL

Baker Laurie

Officer: Evp - Chief Operating Officer

2.3K shares2 transactions

$251K

2
GMP

Gallagher Michael P

Officer: Chief Accounting Officer

169 shares1 transactions

$18K

3
BJ

Benito Javier

Director

101 shares1 transactions

$11K

Insider Activity Analysis

Net Insider Sentiment

Bearish

Strong bearish signal with $280K net selling. Heavy insider selling may indicate concerns about valuation or near-term prospects.

Buy/Sell Ratio

0.00:1

Very poor ratio. Heavy selling with minimal buying suggests insiders may be concerned about valuation or outlook.

Insider Participation

High Selling

3 insider sellers vs. 0 buyers. Widespread selling across multiple insiders may signal concerns.

1.12%
Dividend Yield
15%
3Y+23.0%
5Y+46.0%
10Y+29.0%
 

cpt Dividend History

CPT
10Y CAGR +4%
Latest $1.06
Annual $5.26
5 year growth trend
Last Period: +1%