Sep 30, 2020

Camden Q3 2020 Earnings Report

Camden Property Trust announced operating results for Q3 2020.

Key Takeaways

Camden Property Trust reported EPS of $0.35, FFO of $1.25, and AFFO of $1.03 for the three months ended September 30, 2020. Same property revenue increased by 0.8% compared to Q3 2019.

Net income attributable to common shareholders was $0.35 per diluted share.

Funds from operations was $1.25 per diluted share.

Adjusted funds from operations was $1.03 per diluted share.

Same property occupancy was 95.6%.

Total Revenue
$266M
Previous year: $261M
+1.9%
EPS
$1.25
Previous year: $1.29
-3.1%
Occupancy
95.6%
Previous year: 96.3%
-0.7%
Gross Profit
$158M
Previous year: $159M
-1.0%
Cash and Equivalents
$590M
Previous year: $157M
+275.0%
Total Assets
$7.32B
Previous year: $6.65B
+10.2%

Camden

Camden

Forward Guidance

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