secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000906345-22-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Q1 FFO $1.50 per share; raises 2022 same-property NOI and FFO guidance
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- Q1 2022 FFO $1.50/diluted share vs $1.24 YoY; EPS $0.76 vs $0.31.
- Same property NOI grew 15.5% YoY on 11.1% revenue growth; occupancy rose to 97.1% from 95.9%.
- Acquired remaining 68.7% interests in two funds for ~$1.1B (assumed $514M debt); now owns 100% of 7,247 homes.
- Raised 2022 same property NOI growth guidance to 12.5%-15% (midpoint 13.75%) vs prior 12%; FFO guidance raised to $6.39-$6.63 from $6.24 midpoint.
- Issued 2.9M shares post-quarter for ~$490M net proceeds; used to reduce credit line.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000019/0000906345-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000019/cpt-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000906345-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer