Mar 31, 2020

Camden Q1 2020 Earnings Report

Camden reported strong performance for Q1 2020, with same property growth and FFO per share both slightly better than anticipated.

Key Takeaways

Camden Property Trust announced operating results for the three months ended March 31, 2020, with strong performance and FFO per share both slightly better than anticipated.

Reported strong performance for the first quarter of 2020.

Same property growth and FFO per share were slightly better than anticipated.

Committed to providing a great place to live for residents and a great place to work for team members.

Top priority is the continued safety and well-being of residents and team members.

Total Revenue
$266M
Previous year: $249M
+7.0%
EPS
$1.35
Previous year: $1.22
+10.7%
Occupancy
96.1%
Previous year: 95.9%
+0.2%
Gross Profit
$164M
Previous year: $150M
+9.7%
Cash and Equivalents
$22.3M
Previous year: $6.09M
+265.7%
Total Assets
$6.72B
Previous year: $6.29B
+6.8%

Camden

Camden

Forward Guidance

Given the uncertainty surrounding the social and economic impact from COVID-19, Camden has withdrawn its 2020 earnings guidance and will not be providing an update to its financial outlook at this time.