Camden Q3 EPS $0.44, FFO $1.73; cuts FY23 guidance on higher delinquencies

CAMDEN PROPERTY TRUST

2023-Q3 EPS reported $1.66 revenue$2,373,000

EPS $0.44 vs $0.27 YoY; Core FFO $1.73 vs $1.69; Core AFFO $1.49 vs $1.45.
Same-property NOI grew 3.5% YoY; occupancy 95.6% (down from 96.6%).
FY23 EPS guidance midpoint cut to $2.05 from $2.12; FFO to $6.78 from $6.85.
Same-property NOI growth guidance lowered to 4.2% from 5.0%.
Development pipeline: 1,553 homes under construction, total estimated cost $546M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CAMDEN PROPERTY TRUST reported three and nine months ended September 30, 2023 results: EPS $0.44. Guidance lowered.

Period: three and nine months ended September 30, 2023
EPS: $0.44
Guidance: lowered
Result: reported results

Exact text from the filing

On October 26, 2023, Camden Property Trust (the "Company") issued a press release announcing its consolidated financial results for the three and nine months ended September 30, 2023.

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CAMDEN PROPERTY TRUST filing history →

Source: SEC EDGAR

accession 0000906345-23-000043

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