NYSE$CPT

Camden Property Trust · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Camden reported strong Q4 2019 performance with same property growth and FFO per share slightly better than anticipated.

Camden Property Trust reported a strong quarter with net income attributable to common shareholders of $95.014 million, or $0.95 per diluted share. The company completed strategic capital recycling and strengthened its balance sheet through capital markets transactions.

  • Same property revenue increased by 4.1% compared to Q4 2018.
  • Lease-up was completed at Camden McGowen Station in Houston, TX.
  • Camden acquired Camden Carolinian in Raleigh, NC and Camden Highland Village in Houston, TX.
  • The company sold its Corpus Christi, TX portfolio.

Headline financials

Total Revenue

$263M

Previous: $245M+7.6%
EPS (adj)

$1.24

Previous: $1.23+0.8%
Net Income

$96.2M

Previous: $39.2M+145.5%
Operating Income

$96.6M

No prior period
Gross Profit

$165M

Previous: $151M+9.4%
Cash & Equivalents

$23.2M

Previous: $34.4M-32.6%
Total Assets

$6.75B

Previous: $6.22B+8.5%
Stock-Based Comp

$3.05M

Previous: $4.41M-30.8%

Revenue & EPS history

Camden · Revenue · Quarterly

$263M

Q4 2019+7.6%vs Q4 2018
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Forward guidance

Camden provided initial earnings guidance for 2020 based on its current and expected views of the apartment market and general economic conditions.

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 Q4 2019

Historical avgQ4 2019

+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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