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Jun 30
Camden Q2 2025 Earnings Report
Camden Property Trust announced its operating results for the second quarter of 2025, reporting an increase in net income and property revenues, alongside strong occupancy rates.
Key Takeaways
Camden Property Trust delivered a strong second quarter in 2025, with net income attributable to common shareholders significantly increasing to $80.67 million from $42.917 million in the prior year. Property revenues also saw a modest increase, and the company maintained high occupancy rates, indicating stable operational performance. The company's EPS of $0.74 exceeded guidance, partly due to a gain on the sale of an operating property.
Net income attributable to common shareholders increased to $80.67 million in Q2 2025, up from $42.917 million in Q2 2024.
Diluted EPS for Q2 2025 was $0.74, which included a $0.43 per diluted share gain from the sale of an operating property.
Property revenues for the quarter were $396.509 million, showing a 1.0% increase compared to the same period last year.
Same property occupancy remained strong at 95.6% in Q2 2025, slightly up from 95.3% in Q2 2024.
Camden
Camden
Forward Guidance
Camden updated its earnings guidance for 2025, reflecting current market conditions and expectations. The company anticipates continued growth in revenues and NOI for same-property communities, while managing expenses effectively.
Positive Outlook
- Expected EPS for 2025 increased to a midpoint of $2.38 from $1.16 previously.
- Expected FFO per share for 2025 increased to a midpoint of $6.70 from $6.68 previously.
- Expected Core FFO per share for 2025 increased to a midpoint of $6.81 from $6.78 previously.
- Same Property Revenue growth guidance for 2025 maintained at 1.00%.
- Same Property NOI growth guidance for 2025 increased to 0.25% from 0.00% previously.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text for the full year 2025 or Q3 2025.
- The updated EPS guidance for 2025 still includes a significant gain on sale of operating properties, which might not be recurring.
- While overall NOI guidance improved, the range still includes a potential negative growth of -0.75%.
- The company's guidance for Q3 2025 EPS is lower than Q2 2025, indicating a potential slowdown or absence of one-time gains.
- The company's guidance for Q3 2025 FFO and Core FFO per share are slightly lower than Q2 2025 actuals.