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Jun 30, 2020
Camden Q2 2020 Earnings Report
Camden Property Trust announced operating results for the second quarter of 2020.
Key Takeaways
Camden Property Trust reported earnings for Q2 2020, with EPS at $0.17, FFO at $1.09, and AFFO at $0.91. Results were impacted by COVID-19 related charges of approximately $0.14 per diluted share.
Same property revenue increased by 0.1% compared to Q2 2019.
Occupancy was 95.2% in Q2 2020 compared to 96.1% in Q2 2019.
The company issued $750 million of senior unsecured notes.
Liquidity of approximately $1.5 billion, including $602 million in cash and cash equivalents.
Camden
Camden
Forward Guidance
Camden provided guidance for third quarter 2020 based on its current and expected views of the apartment market and general economic conditions.