Camden Property Trust(NYSE) CPT

Camden Property Trust provides comfortable apartment homes for people living in major US cities. The company manages every step from building new properties to taking care of residents. It helps families and professionals find places to live in high-growth areas.

Inside the Neighborhoods

• Multifamily Apartment Communities: Managing and leasing 167 properties that contain 56,850 apartment homes across the United States.
• Development and Construction: Building and designing new residential projects, with seven properties currently under development to add 2,254 more homes.
• Property Management Services: Providing on-site maintenance and leasing staff to handle daily resident needs and maintain property quality.

Growth and New Projects

• Acquired four operating properties in 2025 located in Leander, Texas, Nashville, Tennessee, Clearwater, Florida, and Orlando, Florida for $422.9 million.
• Completed the sale of five properties in 2025 across Houston, Texas, Irving, Texas, and Phoenix, Arizona for a total of $374.5 million.
• Established a new commercial paper program in February 2025, allowing the company to borrow up to $600 million for short-term funding.
• Planned $135 million to $155 million in construction spending for 2026 to finish three active housing projects.

What Makes the Business Work

The company focuses on a geographically diverse portfolio in markets with strong job growth and high demand for rentals. By managing properties with its own staff, the company maintains high resident satisfaction and keeps occupancy levels steady at 95%.

Key Financial Facts

• Net income reached $156 million in Q4 2025, up 283.5% from Q4 2024.
• Free cash flow hit $195.8 million in Q4 2025, an increase of 200.2% year-over-year.
• Total property revenue grew to $1.57 billion for the full year 2025, up 1.9% from 2024.
• Operating cash flow rose to $196.8 million in Q4 2025, a 29.2% increase compared to the previous year.

Bottom Line

Camden Property Trust has transitioned into a major residential landlord by focusing on high-growth US markets and disciplined capital recycling. Its integrated approach to building and managing homes supports its position as a steady provider of multifamily housing.