earnings
confidence high
sentiment positive
materiality 0.80
Camden Property Trust reports Q4 EPS $2.02; issues 2022 FFO guidance $6.09-$6.39
CAMDEN PROPERTY TRUST
2021-FY EPS reported
$2.96
revenue$10,532,000
- Q4 2021 EPS $2.02 vs $0.29 YoY; FFO $1.51 vs $1.21; AFFO $1.30 vs $1.00.
- Full-year 2021 EPS $2.96 vs $1.24; FFO $5.39 vs $4.90; AFFO $4.68 vs $4.13.
- Same-property NOI grew 14.9% in Q4; occupancy 97.1%. Blended lease rates +15.5% in Q4.
- 2022 FFO guidance mid $6.24; same-property NOI growth midpoint 12%. Quarterly dividend $0.94.
- Acquired Camden Greenville (Dallas) for $165.5M; sold three communities for $260M.