Valued at a market cap of $12.7 billion, Camden Property Trust (CPT) is a Real Estate Investment Trust (REIT) focused on owning, managing, and developing multifamily apartment communities across the United States. With a portfolio of 172 properties and over 58,000 apartment homes, it is a leading player in the residential real estate sector. The Houston, Texas-based company is expected to announce its Q3 earnings after the market closes on Thursday, Oct. 31.
Ahead of the event, analysts expect the REIT to report a FFO of $1.68 per share, down 2.9% from $1.73 per share reported in the year-ago quarter. However, the company has consistently surpassed Wall Street’s FFO projections over the past four quarters. In Q2 2024, CPT exceeded the consensus estimates by 2.4%.
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