Real Estate · Multi-Family Residential REITs · US stock · price as of 22 Oct 2026
Key indicators
Price
$102.74
52-week range
$95.30 – $119.81
Market cap
$10.5B
P/E (trailing)
33.4×
EV / EBITDA
–
Free-cash-flow yield
7.7%
Dividend yield
4.1%
Revenue (last 12 months)
$1.6B
Revenue growth (3y a year)
3.4%
Operating margin
–
Return on invested capital
–
Net debt / EBITDA
–
Fair value
Fair value (average of valid models)$120.52 middle half of models $101 – $112
Versus priceFair+17% to fair value
P/B multiple
$100.36
P/S multiple
$112.03
P/FFO multiple
$104.75
P/AFFO multiple
$100.56
Dividend discount, stable
$184.87
Model uncertainty
Medium
X-Ray Score
58/ 100 · Low confidence · ahead of 79% of sector peers
Valuation71
Growth20
Profitability71
Financial health69
Dividends45
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
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%.
StocksXray gives Camden Property Trust an X-Ray Score of 58 out of 100 (low confidence), ahead of 79% of the S&P 500 stocks in its sector. Its strongest lens is valuation (71) and its weakest is growth (20).
Our fair value (the average of the valid models) is $120.52 (range $100.56 to $112.03). At $102.74 the stock trades 15% below that value, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Camden Property Trust (CPT)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$150.10
$96.70
$89.31
$108.34
$106.74
$102.74
Market cap
$15.4B
$10.5B
$9.8B
$11.8B
$11.6B
$10.5B
P/E
50.7×
16.0×
24.1×
72.2×
30.2×
33.4×
EV / revenue
15.8×
10.0×
8.6×
9.9×
9.9×
10.2×
EV / EBITDA
–
–
–
–
–
–
Price / free cash flow
26.7×
14.1×
12.3×
15.2×
14.0×
13.0×
Free-cash-flow yield
3.7%
7.1%
8.1%
6.6%
7.1%
7.7%
Price / book
3.7×
2.1×
2.0×
2.5×
2.7×
2.8×
Dividend yield
2.21%
3.89%
4.48%
3.80%
3.93%
4.12%
Fundamentals checklist ● 3 Good · ● 0 Average · ● 3 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−5.1%Good
Risk models
Piotroski F-Score7 of 9Good
Growth
EPS growth (3y)−16.3%Bad
Revenue growth (3y)3.4%Bad
Growth consistency60%Bad
Valuation
Fair value vs price1.2×Good
XStocksXray
Camden Property Trust (CPT)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,144
1,423
1,542
1,544
1,574
1,568
Gross profit
727
925
993
985
1,007
–
Operating income
–
–
–
–
–
–
Net income
304
654
403
163
384
326
Diluted EPS ($)
2.96
6.04
3.70
1.50
3.54
3.08
Free cash flow
577
745
795
775
827
807
Gross margin
63.5%
65.0%
64.4%
63.8%
64.0%
–
Operating margin
–
–
–
–
–
–
Net margin
26.6%
45.9%
26.2%
10.6%
24.4%
20.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
7,977
9,328
9,384
8,852
9,043
9,456
Cash
613
11
260
21
25
45
Total debt
3,170
3,681
3,715
3,486
3,901
5,448
Equity
4,197
4,987
4,981
4,675
4,363
3,802
Dividend per share ($)
3.32
3.76
4.00
4.12
4.20
4.22
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value is the average of up to 15 valuation models, most of them anchored to the company's own multiples, so it stays near the price and should be read as a range, not a point. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.
