secwatch.observer — SEC 8-K summary
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Issuer:     CAMDEN PROPERTY TRUST (CPT)
CIK:        0000906345
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000906345-24-000039
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Camden Q3 EPS ($0.04) on $41M impairment; Core FFO $1.71; 2024 EPS guidance cut to $1.48
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- Q3 EPS loss of $0.04 per share (vs $0.44 in Q3 2023) includes $0.37 impairment charge on four land development projects.
- Core FFO per diluted share was $1.71 vs $1.73 prior year; same property NOI flat.
- 2024 EPS guidance midpoint lowered to $1.48 (from $1.88); Core FFO guidance raised to $6.81 midpoint.
- Hurricane Beryl caused $2.1M storm costs net of insurance; no material impact from hurricanes Helene or Milton.
- Liquidity $1.1B including $1B undrawn credit facility; repaid $250M 3.68% notes due Sept 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000039/0000906345-24-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906345/000090634524000039/cpt-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000906345-24-000039

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