secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0000906345-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Property Trust Q4 EPS $2.03 beats guidance $0.39 on $176M gain; issues 2024 guidance, declares $1.03 dividend
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- Q4 EPS $2.03 vs guidance $0.39, driven by $176.4M gain on sale of Costa Mesa, CA community (714 homes for ~$232M).
- Core FFO $1.73 ($6.82 full year), in line with guidance. Same-property NOI flat in Q4, +4.3% in 2023; blended lease rates -0.6% in Q4, -0.3% in Jan'24.
- Issued $500M 5.85% notes due 2026 in Q4; post-quarter issued $400M 4.9% notes due 2034 and repaid $300M term loan and $250M 4.36% notes.
- 2024 guidance: Core FFO $6.59–6.89 (mid $6.74); same-property NOI growth 0.0% midpoint. Q1 dividend $1.03/share payable Apr 17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000004/0000906345-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000004/cpt-20240201.htm
  HTML page:      https://secwatch.observer/filing/0000906345-24-000004

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