NYSE$CPT
Camden Property Trust · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Camden's operating results for Q1 2023 were announced.
Camden Property Trust reported a net income attributable to common shareholders of $0.39 per diluted share, FFO of $1.66 per diluted share, Core FFO of $1.66 per diluted share, and Core AFFO of $1.50 per diluted share for the three months ended March 31, 2023. Same property revenue increased by 8.0%, while same property expenses increased by 7.8%.
- Net Income Attributable to Common Shareholders was $0.39 per diluted share.
- Funds from Operations (FFO) was $1.66 per diluted share.
- Core Funds from Operations was $1.66 per diluted share.
- Same property occupancy was 95.3%.
Headline financials
Revenue & EPS history
Camden · Revenue · Quarterly
$578K
Forward guidance
Camden updated its earnings guidance for 2023 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for second quarter 2023.
Tailwinds
- EPS 2Q23 Range: $0.38 - $0.42
- EPS 2023 Range: $1.57 - $1.81
- FFO 2Q23 Range: $1.66 - $1.70
- FFO 2023 Range: $6.74 - $6.98
- Core FFO 2Q23 Range: $1.66 - $1.70
Headwinds
- Revenue Growth Guidance: 4.90% - 6.40%
- Expenses Growth Guidance: 6.35% - 7.35%
- NOI Growth Guidance: 3.75% - 6.25%
- Guidance excludes gains, if any, from real estate transactions not sold as of quarter close due to the uncertain timing and extent of property dispositions and the resulting gains/losses on sales.
- Company intends to update its earnings guidance to the market on a quarterly basis.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.4%
Avg return
30 days after
63%
43 / 68 earnings
Positive
+6.7%
Q2 2024
Best reaction
-8.2%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -0.2% | +1.4% | |
| Q4 2025 | +0.1% | +3.9% | -0.0% | |
| Q3 2025 | +2.5% | +3.4% | +4.6% | |
| Q1 2025 | +5.1% | +3.6% | +2.3% | |
| Q4 2024 | +1.2% | +0.6% | +3.2% | |
| Q3 2024 | -3.1% | +0.5% | +7.2% | |
| Q2 2024 | +6.7% | +5.8% | +13.0% | |
| Q1 2024 | +6.6% | +7.5% | +4.2% | |
| Q4 2023 | +2.9% | +1.6% | +2.1% | |
| Q3 2023 | -8.2% | -7.2% | -3.0% | |
| Q2 2023 | +1.3% | +1.3% | -0.4% | |
| Q1 2023 | +5.8% | +5.1% | -0.1% | |
| Q4 2022 | -1.6% | -0.1% | -6.2% | |
| Q3 2022 | -0.1% | +0.3% | +2.7% | |
| Q2 2022 | +3.9% | +0.9% | -0.8% | |
| Q1 2022 | -3.0% | -5.6% | -10.3% | |
| Q4 2021 | +1.9% | -0.6% | +5.7% | |
| Q3 2021 | +2.3% | +1.3% | +4.7% | |
| Q2 2021 | +2.3% | +1.6% | +0.5% | |
| Q1 2021 | +1.4% | +0.5% | +5.6% | |
| Q4 2020 | -1.9% | -2.5% | -1.0% | |
| Q3 2020 | +4.6% | +11.6% | +10.8% | |
| Q2 2020 | -0.5% | -2.1% | -0.2% | |
| Q1 2020 | +5.2% | +0.1% | +16.1% | |
| Q4 2019 | +1.8% | +1.6% | -4.0% | |
| Q3 2019 | -0.2% | -2.2% | -2.7% | |
| Q2 2019 | -1.1% | -0.9% | -0.6% | |
| Q1 2019 | +0.4% | -1.3% | +3.0% | |
| Q4 2018 | +0.1% | +1.5% | +1.1% | |
| Q3 2018 | -3.1% | -0.5% | +0.2% | |
| Q2 2018 | +0.6% | +0.2% | +1.9% | |
| Q1 2018 | +0.6% | +1.0% | +3.9% | |
| Q4 2017 | -3.7% | -5.6% | -9.3% | |
| Q3 2017 | +0.0% | +0.0% | +2.9% | |
| Q2 2017 | +1.2% | +1.0% | +2.2% | |
| Q1 2017 | +0.7% | -0.3% | +3.5% | |
| Q4 2016 | -2.7% | -2.7% | -6.4% | |
| Q3 2016 | -0.3% | +1.1% | -1.6% | |
| Q2 2016 | +3.7% | +1.7% | -0.2% | |
| Q1 2016 | -1.6% | — | — | |
| Q4 2015 | +3.6% | — | — | |
| Q3 2015 | -3.8% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | -1.7% | — | — | |
| Q4 2014 | -1.7% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | -1.9% | — | — | |
| Q1 2014 | +1.9% | — | — | |
| Q4 2013 | +2.4% | — | — | |
| Q3 2013 | -5.2% | — | — | |
| Q2 2013 | -0.1% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2012 | +2.4% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | -1.9% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q1 2010 | +0.9% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2008 | +2.6% | — | — | |
| Q3 2009 | +0.5% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q4 2009 | +4.4% | — | — | |
| Q2 2010 | +4.4% | — | — | |
| Q2 2009 | +4.4% | — | — |
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