earnings
confidence high
sentiment positive
materiality 0.75
Camden Q3 FFO $1.70 vs $1.36 YoY; same-property NOI up 16.3%
CAMDEN PROPERTY TRUST
2022-Q3 EPS reported
$5.62
revenue$4,257,000
- Q3 FFO per share $1.70 (up 25% vs $1.36); EPS $0.27 (down from $0.29); AFFO $1.47.
- Same-property revenue +11.7%, expenses +4.0%, NOI +16.3% vs Q3 2021.
- Occupancy 96.6% vs 97.2% YoY; blended lease rate growth 11.6% in Q3.
- FY 2022 FFO midpoint guidance raised to $6.59 (from $6.58); share repurchase authorization increased to $500M.