secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000906345-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Property Trust Q1 2024 EPS $0.77 beats guidance; Core FFO guidance maintained at $6.74
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- Q1 EPS $0.77 vs guidance midpoint $0.76; FFO $1.67 vs $1.64; Core FFO $1.70 vs $1.67.
- Same property NOI up 2.3% YoY; occupancy 95.0%; revenues up 2.5%, expenses up 2.9%.
- Lowered 2024 same property expense growth guidance to 3.25% from 4.50% midpoint.
- Issued $400M senior unsecured notes due 2034 at 4.90% coupon; repaid $300M term loan and $250M notes.
- Repurchased 471,282 shares for $45.7M during Q1; $450M remaining on buyback program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000015/0000906345-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000015/cpt-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000906345-24-000015

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