secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000906345-23-000037
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000037/0000906345-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000037/cpt-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000906345-23-000037

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