Camden Q2 EPS $0.84, Core FFO $1.70, same-property NOI +6.2% YoY

CAMDEN PROPERTY TRUST

2023-Q2 EPS reported $1.22 revenue$1,296,000

Q2 2023 EPS $0.84 (incl. $48.9M gain on sale), Core FFO $1.70 vs $1.61 YoY, above guidance midpoint.
Same-property revenues +6.1%, expenses +5.8%, NOI +6.2% YoY; occupancy 95.4% vs 96.8%.
Signed blended lease rates decelerated to 4.1% in Q2 2023 from 15.2% YoY; July 2023 signed rates 3.4%.
Disposed CA community for $61.1M ($48.9M gain); retired $185.2M secured variable-rate debt and $250M senior note.
Updated 2023 Core FFO guidance $6.83-$6.93 per share (midpoint $6.88), up from prior $6.86.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CAMDEN PROPERTY TRUST reported three and six months ended June 30, 2023 results: EPS $0.84 for the three months ended June 30, 2023 per diluted share. Guidance raised.

Period: three and six months ended June 30, 2023
EPS: $0.84 for the three months ended June 30, 2023 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and six months ended June 30, 2023.

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Source: SEC EDGAR

accession 0000906345-23-000037

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