secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0000906345-23-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Q1 EPS $0.39, FFO $1.66; same-property NOI +8.1% YoY; leasing spreads decelerate
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- Net income per diluted share $0.39 vs $0.76 prior year; FFO per share $1.66 vs $1.50.
- Same-property revenue +8.0% YoY, expense +7.8%, NOI +8.1%; occupancy fell to 95.3% from 97.0%.
- Signed blended lease rates slowed to 4.0% in Q1 2023 vs 14.2% in Q1 2022; April 2023 blended 4.2%.
- 2023 guidance barely raised: EPS midpoint $1.69 (prior $1.68); FFO midpoint $6.86 (prior $6.85).
- Liquidity $1.1B; development pipeline $661M total; lease-up completed at Camden Atlantic.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000021/0000906345-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000021/cpt-20230427.htm
  HTML page:      https://secwatch.observer/filing/0000906345-23-000021

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