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Sep 30, 2021
Camden Q3 2021 Earnings Report
Camden's operating results for Q3 2021 were announced, showcasing growth in revenues and occupancy.
Key Takeaways
Camden Property Trust reported strong third-quarter 2021 results, with increases in net income, FFO, and AFFO. The company also saw growth in same-property revenues, expenses, and NOI. Camden updated its earnings guidance for 2021 and provided guidance for the fourth quarter of 2021.
Net income attributable to common shareholders was $0.29 per diluted share.
FFO was $1.36 per diluted share.
AFFO was $1.17 per diluted share.
Same-property occupancy was 97.3%.
Camden
Camden
Forward Guidance
Camden updated its earnings guidance for 2021 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for fourth quarter 2021.
Positive Outlook
- The midpoint for EPS is projected to be $1.24.
- The midpoint for FFO is projected to be $5.37.
- Same Property Revenue growth is expected to be 4.25%.
- Same Property Expense growth is expected to be 3.75%.
- Same Property NOI growth is expected to be 4.50%.