Quarterly ResultApr 30, 2026, 04:43 PM
CPT Q1 EPS $0.40, FFO $1.15; $53M Litigation Charge; Share Buyback
AI Summary
Camden Property Trust announced Q1 2026 operating results, with diluted EPS of $0.40 and FFO of $1.15. FFO was significantly impacted by a $53.0 million litigation-related charge. The company also reported a 0.7% decrease in same property Net Operating Income (NOI) year-over-year and negative effective new lease rates of (5.2)%. Strategic actions included the issuance of $600 million in senior unsecured notes, the acquisition of two communities for $171.3 million, and share repurchases totaling $422.9 million year-to-date.
Key Highlights
- Q1 2026 Diluted EPS was $0.40, up from $0.36 in Q1 2025.
- Q1 2026 FFO was $1.15, down from $1.70 in Q1 2025, impacted by $0.48/share litigation charge.
- Q1 2026 Core FFO was $1.70, slightly down from $1.72 in Q1 2025, but beat guidance by $0.04.
- Same Property Net Operating Income (NOI) decreased by (0.7)% year-over-year.
- Effective New Lease Rates declined by (5.2)% in Q1 2026.
- Settled class action litigation for $53.0 million, recorded as a Q1 charge.
- Issued $600 million in senior unsecured notes due 2036.
- Repurchased 4,062,166 common shares YTD for $422.9 million.