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Sep 30
Camden Q3 2025 Earnings Report
Camden Property Trust announced its operating results for the third quarter ended September 30, 2025, reporting an EPS of $1.00 and Core FFO of $1.70 per diluted share.
Key Takeaways
Camden Property Trust reported a strong third quarter in 2025, with Core FFO exceeding expectations by $0.01 per share. The company saw an increase in property revenues and net income attributable to common shareholders compared to the previous year. Strategic dispositions of operating properties contributed significantly to gains, while occupancy remained stable. The company also raised its full-year 2025 Core FFO guidance.
Core FFO for Q3 2025 was $1.70 per diluted share, exceeding guidance by $0.01 per share.
Net income attributable to common shareholders was $108.9 million, a significant improvement from a loss in the prior year's quarter.
The company disposed of three operating communities for approximately $113.5 million, recognizing a gain of $85.6 million.
Camden raised the midpoint of its 2025 Core FFO guidance from $6.81 to $6.85 per share, driven by Q3 outperformance and expected positive impacts in Q4.
Camden
Camden
Forward Guidance
Camden updated its earnings guidance for 2025, raising the midpoint of its Core FFO guidance to $6.85 per share. The company anticipates slight reductions to projected same property revenue growth but expects lower expense growth, maintaining its full-year outlook for same property net operating income.
Positive Outlook
- Midpoint of 2025 Core FFO guidance raised from $6.81 to $6.85 per share.
- Expected Core FFO per share for 4Q25 is between $1.71 and $1.75.
- Full-year 2025 outlook for same property net operating income is maintained.
- Anticipated lower expense growth for 2025, with a midpoint of 1.75%.
- Expected EPS for 2025 raised to a midpoint of $2.44.
Challenges Ahead
- Slight reductions to projected same property revenue growth for 2025, with a midpoint of 0.75%.
- Expected EPS for 4Q25 is between $0.33 and $0.37, lower than previous quarters.
- Core FFO guidance for 2025 excludes approximately $0.11 per share of non-core charges for legal costs and settlements and expensed transaction pursuit costs.
- No specific negative guidance points were explicitly stated beyond the slight revenue growth reduction.
- The report does not provide specific negative outlooks on market conditions or operational challenges for the upcoming period.