secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0000906345-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Property Q2 EPS $4.54 on $474M gain; FFO $1.64; raises 2022 guidance
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- Q2 EPS $4.54 (incl. $4.32 non-cash gain on JV acquisition) vs $0.30 YoY; FFO $1.64 (+28%), AFFO $1.44 (+31%).
- Same-property NOI up 16.5% YoY; revenue +12.1%, expenses +4.7%; occupancy 96.9% flat.
- Acquired remaining 68.7% interests in two funds for ~$1.1B cash+$515M debt assumption; recorded $474M non-cash gain.
- Issued 2.9M common shares for ~$490M net proceeds; used to reduce credit line borrowings.
- Raised 2022 FFO guidance to $6.48-$6.68 (midpoint $6.58) and same-property NOI growth to 14.75% midpoint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000028/0000906345-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634522000028/cpt-20220728.htm
  HTML page:      https://secwatch.observer/filing/0000906345-22-000028

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