Multifamily real estate company Camden Property Trust (CPT) in Houston, Tex., participates in the development, acquisition, ownership, and construction of apartments in the United States. Its 8.75% same-property revenue growth, which was driven by its product-diverse portfolio in the Sunbelt markets in the fourth quarter of its fiscal 2021, along with strong rental growth, have helped its shares gain 13.5% in price over the past three months. Furthermore, with Dallas and Denver continuing to be solid markets as job growth remains steady, the real estate firm expects to witness strong revenue growth in 2022.
However, CPT’s shares have declined 5.9% year-to-date. Because the Federal Reserve plans to raise the interest rate by a half-percentage-point at its upcoming meetings if inflationary pressure remains elevated, CPT’s could be vulnerable to a negative impact on REIT returns in the near term.
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