secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000906345-23-000043
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000043/0000906345-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634523000043/cpt-20231026.htm
  HTML page:      https://secwatch.observer/filing/0000906345-23-000043

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