Camden Property Trust (CPT)
Real Estate · Multi-Family Residential REITs · US stock · S&P 500 component
$102.74
▲ +2.55 (2.55%)
Fair valueFair
$121 +17.3% to fair value
$60fair band $103–$146$181
Day's range
$99.67 – $102.79
52-week range
$95.30 – $119.81
About Camden Property Trust
Camden Property Trust is a real estate investment trust that owns, operates, develops and manages multifamily apartment communities. Its properties are concentrated in Sun Belt cities and other fast-growing metropolitan areas of the United States, and residents range from young professionals to families. Camden also builds new communities and acquires existing ones, and it manages the properties with its own on-site teams.
Revenue comes from rent and fees paid by residents of its apartments. It was $1.6 billion over the last twelve months, with growth of 3.4% a year across the last three years. The site holds no margin or leverage figures for the company at present, so none are quoted here, but it pays a dividend with a yield of 4.1%. On the site's X-Ray Score it receives 58 out of 100.
Price chart
52-wk range $95.30 – $119.81Volume 1,618,062Daily, split-adjusted
Vitals
Market cap$10.5B
52-week range$95.30 – $119.81
Volume (last day)1,618,062
P/E (TTM)33.4
EBIT / EV yield–
Free-cash-flow yield–
Dividend yield4.1%
Revenue (TTM)$1.6B
Net income (TTM)$326M
Operating margin–
Return on capital–
Debt incl. leases$5.5B
Cash & securities$45M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$121middle half of models $101 – $112
Fair
+17.3% to fair value
Average of the 5 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $103
Undervalued < $103Fair $103 – $146Overvalued > $146
P/B multiple
$100
P/S multiple
$112
P/FFO multiple
$105
P/AFFO multiple
$101
Dividend discount, stable
$185
Dividend discount, multi-stage · not used
$282
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Strong
71/100
Cheap against its sector on earnings and cash flow.
See the numbers →
Fair value vs price1.2×
Growth
Weak
20/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)3.4%
EPS growth (3y)-16.3%
Growth consistency60%
Profitability
Strong
71/100
Earns high returns on the capital it uses.
See the numbers →
Financial health
Fair
69/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score7 / 9
Dividends
Weak
45/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield4.1%
Dividend growth5.1%
Quarterly results: last 6 quarters
+1.9%
Mar '25
+2.4%
Jun '25
+2.2%
Sep '25
+1.2%
Dec '25
-0.5%
Mar '26
-0.9%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $393M, diluted EPS $0.18.
Compare with peers
VMRK Vivmark Residential62 UDR UDR, Inc.50 ESS Essex Property Trust,...48 MAA Mid America Apartment...47Other Multi-Family Residential REITs companies by X-Ray Score.
SWOT analysis: Camden Property Trust
Strengthsinside the company
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Earnings per share have declined 16.3% a year over three years.
Opportunitiesvaluation and setting
- No specific opportunity is visible in our valuation, sector or growth data.
Threatsvaluation and setting
- Our Market Compass rates the backdrop for Real Estate as unfavourable.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare CPT with peers and sector
Medians of 4 Multi-Family Residential REITs peers and of 28 Real Estate stocks in our universe.
Largest peers (X-Ray Score): VMRK 62, ESS 48, MAA 47, UDR 50.
| Metric | CPT | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 58 | 49 | 51 |
| Valuation | 71 | 56 | 52 |
| Growth | 20 | 48 | 56 |
| Profitability | 71 | 46 | 50 |
| Financial health | 69 | 40 | 53 |
| Dividends | 45 | 48 | 48 |
Sector leaders: highest X-Ray Score in Real Estate
CPT ranks #6 of 29 in Real Estate and #2 of 5 in Multi-Family Residential REITs by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for CPT
Each factor is rated by where CPT stands among the 29 Real Estate stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 3 Good · 6 Average · 3 Bad of 12
Growth: 0 · 0 · 3
Profitability: 0 · 2 · 0
Financial strength: 1 · 0 · 0
Valuation: 0 · 3 · 0
Cash flow: 2 · 1 · 0
| Factor | CPT | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +3.4% | Bad beats 22% | +6.8% | – | – |
| Revenue growth, last year | +1.9% | Bad beats 16% | +5.1% | +8.4% | ▼ Worse |
| EPS growth, 3 years a year | −16.3% | Bad beats 29% | −1.9% | – | – |
| Profitability | |||||
| Net margin | 20.8% | Average beats 47% | 21.5% | 26.2% | ▼ Worse |
| Return on equity | 8.6% | Average beats 63% | 7.3% | 8.1% | ≈ In line |
| Financial strength | |||||
| Piotroski F-score | 7 / 9 | Good beats 69% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 32.2x | Average beats 48% | 32.1x | 31.0x | ≈ In line |
| Price / book | 2.8x | Average beats 40% | 2.6x | 2.7x | ≈ In line |
| Price / sales | 6.7x | Average beats 57% | 7.0x | 8.2x | ▲ Better |
| Cash flow | |||||
| Free cash flow margin | 51.5% | Good beats 74% | 44.6% | 51.6% | ≈ In line |
| Cash from operations / net income | 2.48 | Average beats 63% | 1.91 | 1.97 | ▲ Better |
| Accruals (lower is better) | −5.1% | Good beats 71% | −3.7% | – | – |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 0 Average · ● 3 BadCash quality
Earnings backed by cashGood
Risk models
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Valuation
Fair value vs priceGood
Profitability
Each check is graded against the company's sector, not a fixed number. Checklist score 56/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $1.1B | $1.4B | $1.5B | $1.5B | $1.6B |
| Operating income | – | – | – | – | – |
| Net income | $304M | $654M | $403M | $163M | $384M |
| Operating cash flow | $577M | $745M | $795M | $775M | $827M |
| Operating margin | – | – | – | – | – |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $2.96 | $6.04 | $3.70 | $1.50 | $3.54 |
Fiscal years, from SEC filings.
Technical summary
Daily
Neutral
7 bullish · 1 neutral · 8 bearish
Weekly
Bearish
3 bullish · 1 neutral · 8 bearish
Monthly
Bearish
2 bullish · 1 neutral · 5 bearish
Moving averages (daily)
| SMA 10 | 98.78 | Bullish |
| EMA 10 | 99.26 | Bullish |
| SMA 20 | 97.82 | Bullish |
| EMA 20 | 98.90 | Bullish |
| SMA 50 | 101.3 | Bullish |
| EMA 50 | 101.0 | Bullish |
| SMA 100 | 106.2 | Bearish |
| EMA 100 | 103.1 | Bearish |
| SMA 200 | 104.2 | Bearish |
| EMA 200 | 103.9 | Bearish |
Oscillators (daily)
| RSI (14) | 64.73 | Neutral |
| MACD (12, 26) | -0.15 | Bearish |
| Momentum (12) | 5.21 | Bullish |
| Stochastic %K (14) | 99.33 | Bearish |
| Williams %R (14) | -0.67 | Bearish |
| CCI (20) | 273.9 | Bearish |
Pivot points (classic, last session)
S3 97.56 | S2 98.61 | S1 100.7 | Pivot 101.7 | R1 103.8 | R2 104.9 | R3 106.9 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.23 USD
Yield on today's price
4.12%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 1.0600 | |
| 1.0600 | |
| 1.0600 | |
| 1.0500 | |
| 1.0500 | |
| 1.0500 | |
| 1.0500 | |
| 1.0300 | |
| 1.0300 | |
| 1.0300 | |
| 1.0300 | |
| 1.0000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold CPT
| ETF | Share of the fund |
|---|---|
| REZ iShares Residential and Multisector Re... | 2.31% |
| SPYD SPDR Portfolio S&P 500 High Dividend | 1.26% |
| XLRE The Real Estate Select Sector SPDR | 1.19% |
| RWR SPDR Dow Jones REIT | 1.08% |
| SPLV Invesco S&P 500 Low Volatility | 0.99% |
| USRT iShares Core U.S. REIT | 0.88% |
| IYR iShares U.S. Real Estate | 0.85% |
| DFAR DFA Investment Dimensions Group Inc. | 0.81% |
The eight funds with the largest weight in CPT among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
CPT SEC filings
8-KSEC EDGAR
Entered a material agreement; Director or officer change
8-KSEC EDGAR
Director or officer change
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.