Houston, Texas-based Camden Property Trust (CPT) engages in the ownership, management, development, repositioning, redevelopment, acquisition, and construction of multifamily apartment communities. With a market cap of $11.6 billion, Camden operates as one of the major owners of apartments in the U.S. It is expected to announce its Q2 earnings after the market closes on Thursday, August 1.
Ahead of the event, analysts expect Camden to report a profit of $1.67 per share, down 1.8% from $1.70 per share reported in the year-ago quarter. The company has surpassed or met Wall Street’s FFO projections in each of the past four quarters. Its FFO for the last reported quarter grew marginally year over year to $1.67 per share, marginally exceeding the consensus estimates.
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