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Dec 31, 2019
Camden Q4 2019 Earnings Report
Camden reported strong Q4 2019 performance with same property growth and FFO per share slightly better than anticipated.
Key Takeaways
Camden Property Trust reported a strong quarter with net income attributable to common shareholders of $95.014 million, or $0.95 per diluted share. The company completed strategic capital recycling and strengthened its balance sheet through capital markets transactions.
Same property revenue increased by 4.1% compared to Q4 2018.
Lease-up was completed at Camden McGowen Station in Houston, TX.
Camden acquired Camden Carolinian in Raleigh, NC and Camden Highland Village in Houston, TX.
The company sold its Corpus Christi, TX portfolio.
Camden
Camden
Forward Guidance
Camden provided initial earnings guidance for 2020 based on its current and expected views of the apartment market and general economic conditions.