Sohini Mondal
2 min read
Houston, Texas-based Camden Property Trust (CPT) is a real estate investment trust (REIT) primarily engaged in the ownership, management, development, repositioning, redevelopment, acquisition, and construction of multifamily apartment communities. With a market cap of $12.3 billion, it owns and operates approximately 176 properties containing over 59,647 apartment homes across the United States.
Companies worth $10 billion or more are generally described as “large-cap” stocks, and Camden Property Trust fits this criterion perfectly. The company operates a portfolio of high-quality apartment properties across major U.S. markets, with a focus on the Sunbelt region.
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Shares of Camden Property Trust have declined 9.5% from its 52-week high of $127.69. CPT stock has dropped 5% over the past three months, a steeper decline than the iShares Residential and Multisector Real Estate ETF’s (REZ) 2.9% decrease.
Longer term, shares of CPT have decreased marginally on a YTD basis, underperforming REZ’s 2.3% uptick over the same time frame. Moreover, Camden Property Trust’s stock has risen 4% over the past 52 weeks, compared to REZ’s 7.5% gain.
Despite some fluctuations, the stock has been trading below its 50-day and 200-day moving averages since early April. However, the stock has risen above its 50-day moving average since May.
Camden Property Trust’s stock surged 5.3% following the release of its solid Q1 2025 results on May 1. Quarterly operating revenue rose 1.9% from the year-ago quarter to $390.6 million, exceeding Street forecasts. The same-property occupancy improved to 95.4%, up 40 basis points (bps) from the prior year quarter. Its core FFO grew 1.2% year-over-year to $1.72 per share, also topping the consensus estimate by 2.4%.
Looking ahead, the company raised its full-year 2025 guidance, now expecting core FFO per share in the range of $6.63 to $6.93, up from the previous outlook of $6.60 to $6.90, further boosting investor confidence.
Compared to its rival, Essex Property Trust, Inc. (ESS) has underperformed the CPT stock over the past 52 weeks, gaining 2.5%. Nevertheless, shares of ESS have increased marginally on a YTD basis, slightly outpacing CPT stock.