Camden Property Trust Files 10-Q for Q1 2024

Ticker: CPT · Form: 10-Q · Filed: 2024-05-03T00:00:00.000Z

Sentiment: neutral

Topics: Real Estate, REIT, Financials, 10-Q, Camden Property Trust

Related Tickers: CPT

TL;DR

<b>Camden Property Trust reported $106.5M in assets and $175K net income for Q1 2024, with a 5.0 D/E ratio.</b>

AI Summary

CAMDEN PROPERTY TRUST (CPT) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. Total assets reported at $106,535,189 for Q1 2024. Net income for Q1 2024 was $175,000. EPS for Q1 2024 was $0.01. Debt/equity ratio stands at 5.0. Operating margin is 1.8%.

Why It Matters

For investors and stakeholders tracking CAMDEN PROPERTY TRUST, this filing contains several important signals. The filing provides a detailed look at Camden's financial health and operational performance for the first quarter of 2024, crucial for investors assessing its stability and growth potential. Key financial metrics like assets, net income, and EPS offer insights into the company's profitability and market position within the real estate investment trust sector.

Risk Assessment

Risk Level: medium — CAMDEN PROPERTY TRUST shows moderate risk based on this filing. The company's debt-to-equity ratio of 5.0 indicates a significant reliance on debt financing, which could pose a risk in a rising interest rate environment.

Analyst Insight

Investors should monitor Camden Property Trust's debt levels and interest coverage ratios in upcoming filings to assess its financial risk.

Financial Highlights

debt To Equity
5.0
operating Margin
1.8
total Assets
106535189
net Income
175000
eps
0.01
gross Margin
6.55

Key Numbers

Key Players & Entities

FAQ

When did CAMDEN PROPERTY TRUST file this 10-Q?

CAMDEN PROPERTY TRUST filed this Quarterly Report (10-Q) with the SEC on May 3, 2024.

What is a 10-Q filing?

A 10-Q is a quarterly financial report with unaudited financials, management discussion, and interim business updates. This particular 10-Q was filed by CAMDEN PROPERTY TRUST (CPT).

Where can I read the original 10-Q filing from CAMDEN PROPERTY TRUST?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by CAMDEN PROPERTY TRUST.

What are the key takeaways from CAMDEN PROPERTY TRUST's 10-Q?

CAMDEN PROPERTY TRUST filed this 10-Q on May 3, 2024. Key takeaways: Total assets reported at $106,535,189 for Q1 2024.. Net income for Q1 2024 was $175,000.. EPS for Q1 2024 was $0.01..

Is CAMDEN PROPERTY TRUST a risky investment based on this filing?

Based on this 10-Q, CAMDEN PROPERTY TRUST presents a moderate-risk profile. The company's debt-to-equity ratio of 5.0 indicates a significant reliance on debt financing, which could pose a risk in a rising interest rate environment.

What should investors do after reading CAMDEN PROPERTY TRUST's 10-Q?

Investors should monitor Camden Property Trust's debt levels and interest coverage ratios in upcoming filings to assess its financial risk. The overall sentiment from this filing is neutral.

How does CAMDEN PROPERTY TRUST compare to its industry peers?

Camden Property Trust operates as a real estate investment trust (REIT) focused on multifamily properties. This filing provides insights into its performance within the broader real estate market.

Are there regulatory concerns for CAMDEN PROPERTY TRUST?

As a publicly traded REIT, Camden Property Trust is subject to SEC regulations and reporting requirements, including the filing of quarterly 10-Q reports.

Risk Factors

Industry Context

Camden Property Trust operates as a real estate investment trust (REIT) focused on multifamily properties. This filing provides insights into its performance within the broader real estate market.

Regulatory Implications

As a publicly traded REIT, Camden Property Trust is subject to SEC regulations and reporting requirements, including the filing of quarterly 10-Q reports.

What Investors Should Do

  1. Analyze the company's debt structure and interest rate sensitivity.
  2. Compare Q1 2024 performance against historical trends and industry benchmarks.
  3. Review management's discussion and analysis for forward-looking statements and strategic initiatives.

Key Dates

Year-Over-Year Comparison

This 10-Q filing provides the Q1 2024 financial results, offering a snapshot of the company's performance for the most recent quarter.

From the Filing

0000906345-24-000017.txt : 20240503 0000906345-24-000017.hdr.sgml : 20240503 20240503123540 ACCESSION NUMBER: 0000906345-24-000017 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240503 DATE AS OF CHANGE: 20240503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAMDEN PROPERTY TRUST CENTRAL INDEX KEY: 0000906345 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 766088377 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-12110 FILM NUMBER: 24911892 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2400 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7133542500 MAIL ADDRESS: STREET 1: 11 GREENWAY PLAZA STREET 2: SUITE 2400 CITY: HOUSTON STATE: TX ZIP: 77046 10-Q 1 cpt-20240331.htm 10-Q cpt-20240331 0000906345 12/31 3/31/24 2024 Q1 false 106,535,189 0.01 175,000 5 35 3 20 1 5.0 1.8 6.55 9/30/2024 6.21 8/30/2024 6.13 4.36 1/15/2024 3.68 9/15/2024 6.76 11/3/2026 3.74 10/15/2028 3.67 7/1/2029 2.91 5/15/2030 5.06 1/15/2034 3.41 11/1/2049 3.78 4.04 10/1/2026 4/1/2028 3.87 1/1/2028 0.3 0.0 1.7 1.0 0000906345 2024-01-01 2024-03-31 0000906345 2024-04-26 xbrli:shares 0000906345 2024-03-31 iso4217:USD 0000906345 2023-12-31 iso4217:USD xbrli:shares 0000906345 2023-01-01 2023-03-31 0000906345 us-gaap:CommonStockMember 2023-12-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-12-31 0000906345 us-gaap:TreasuryStockCommonMember 2023-12-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0000906345 us-gaap:NoncontrollingInterestMember 2023-12-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-01-01 2024-03-31 0000906345 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0000906345 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0000906345 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0000906345 us-gaap:CommonStockMember 2024-03-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2024-03-31 0000906345 us-gaap:TreasuryStockCommonMember 2024-03-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0000906345 us-gaap:NoncontrollingInterestMember 2024-03-31 0000906345 us-gaap:CommonStockMember 2022-12-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2022-12-31 0000906345 us-gaap:TreasuryStockCommonMember 2022-12-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0000906345 us-gaap:NoncontrollingInterestMember 2022-12-31 0000906345 2022-12-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-01-01 2023-03-31 0000906345 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-03-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0000906345 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-03-31 0000906345 us-gaap:CommonStockMember 2023-03-31 0000906345 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0000906345 us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember 2023-03-31 0000906345 us-gaap:TreasuryStockCommonMember 2023-03-31 0000906345 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0000906345 us-gaap:NoncontrollingInterestMember 2023-03-31 0000906345 2023-03-31 xbrli:pure 0000906345 cpt:CamdenOperatingLPMember 2024-01-01 2024-03-31 0000906345 cpt:CamdenSummitPartnershipLPMember 2024-01-01 2024-03-31 0000906345 cpt:ResidentialLeasesMember srt:MaximumMember 2024-03-31 000090

View on Read The Filing