NYSE$CPT

Camden Property Trust · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Camden's operating results for Q3 2021 were announced, showcasing growth in revenues and occupancy.

Camden Property Trust reported strong third-quarter 2021 results, with increases in net income, FFO, and AFFO. The company also saw growth in same-property revenues, expenses, and NOI. Camden updated its earnings guidance for 2021 and provided guidance for the fourth quarter of 2021.

  • Net income attributable to common shareholders was $0.29 per diluted share.
  • FFO was $1.36 per diluted share.
  • AFFO was $1.17 per diluted share.
  • Same-property occupancy was 97.3%.

Headline financials

Total Revenue

$3.25M

Previous: $2.54M+27.8%
EPS (adj)

$1.36

Previous: $1.25+8.8%
Capital Expenditures

-$748M

Previous: -$301M-149.0%
Free Cash Flow

-$719M

Previous: -$266M-170.7%
Net Income

$29.5M

Previous: $35M-15.7%
Operating Income

$89.7M

Previous: $91.7M-2.2%
Gross Profit

$216M

Previous: $195M+11.1%
Cash & Equivalents

$428M

Previous: $590M-27.4%
Total Assets

$7.69B

Previous: $7.32B+4.9%
Stock-Based Comp

$3.72M

Previous: $3.19M+16.6%

Revenue & EPS history

Camden · Revenue · Quarterly

$3.25M

Q3 2021+27.8%vs Q3 2020
Beat estimate in 2 of 16 quarters(13%)
ActualEstimate

Forward guidance

Camden updated its earnings guidance for 2021 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for fourth quarter 2021.

Tailwinds

  • The midpoint for EPS is projected to be $1.24.
  • The midpoint for FFO is projected to be $5.37.
  • Same Property Revenue growth is expected to be 4.25%.
  • Same Property Expense growth is expected to be 3.75%.
  • Same Property NOI growth is expected to be 4.50%.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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