earnings
confidence high
sentiment positive
materiality 0.70
Camden Q2 EPS $0.40, FFO $1.71; raises 2024 Core FFO guidance to $6.79 mid
CAMDEN PROPERTY TRUST
2024-Q2 EPS reported
$1.17
revenue$3,890,000
- Q2 GAAP EPS $0.40 (vs $0.84 in Q2 2023); FFO $1.71 per share (vs $1.67).
- Core FFO $1.71 per share, beating midpoint guidance by $0.04.
- Same-property NOI grew 0.9% YoY on 1.4% revenue growth and 2.5% expense growth.
- 2024 Core FFO guidance raised to $6.74-$6.84 from $6.69-$6.79.
- Hurricane Beryl expected to incur $2-3M in storm-related expenses, net of insurance.