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Camden Property Trust

Camden Property Trust

CPT
$112.97USD↓-1.40%-1.60 today

MARKET CAP

15.3B

P/E (TTM)

35.9x

FWD P/E

97.8x

DAY RANGE

$112 – $116

52W RANGE

$97
$120

AI Summary

Stalk
Sell NowMedium

After a decisive support failure in mid-July and price rejection at the short-term EMAs in a Stage 3 distribution regime, CPT’s medium-term bias has shifted to bearish. Short-term price is struggling beneath the 9/21 EMA cluster, signaling poor timing for new longs. With downside control evident, the optimal posture is to sell into rallies at the dynamic resistance zone formed by the 9 and 21 EMAs, preserving value ahead of potential further decline.

  • ↑Q1 Core FFO $1.70, $0.04 above guidance, reveals execution.
  • ↑Occupancy hit 95.4% in April, up from 95.1% Q1.
  • ↓Negative earnings yield and low profitability score signal inefficiencies.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Camden Property Trust (NYSE:CPT) is a leading multifamily real estate investment trust (REIT) primarily focused on the acquisition, development, and management of apartment communities, especially in the growing Sunbelt region of the United States. The company emphasizes operational excellence, resident satisfaction, and a strategic approach to leverage favorable demographic trends, particularly job and population growth, positioning itself advantageously against market fluctuations.

Bull says

  • ↑Q1 Core FFO $1.70, $0.04 above guidance, reveals execution.
  • ↑Occupancy hit 95.4% in April, up from 95.1% Q1.
  • ↑Sunbelt supply peaking and apartment absorption strongest since 2016.
  • ↑$423M share repurchases and $750M acquisition/disposition plan enhance value.
  • ↑Low leverage (~0.34) and 4.5% dividend yield support financial resilience.
  • ↑Strong book-to-price and low volatility profile attract income investors.

Bear says

  • ↓Negative earnings yield and low profitability score signal inefficiencies.
  • ↓EPS forecast down 3.3% in FY26, undercutting growth expectations.
  • ↓Concessions around 10% in high-supply markets pressure rents.
  • ↓Interest-rate sensitivity exposes margins to potential upward rate shifts.
  • ↓Colorado utility billing change cuts $1.8M operating income.
  • ↓Weak growth factors and low analyst revisions dampen sentiment.

Investment themes with CPT

Nuclear↑ +1.23%

Nuclear energy production and related companies

WELL · PLD · EQIX
Residential REITs↑ +0.00%

Stable income from diversified rental housing portfolios

WELL · PSA · VTR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-02-2026neutral

Transcript signals

Bull points

  • I clearly do think it was a large component of our of our bad debt significant outperformance in the first quarter.
  • Camden's commitment to workplace excellence, which was recently reinforced by our place on the Fortune Best Place to Work list in America for the 19th consecutive year, ranking number 13 this year, with 96% of our employees saying Camden is a great place to work, which has led to the highest customer sentiment scores that we've ever seen.
  • The macro case for improving apartment fundamentals continues to be strong. New supply has peaked and has been cut in half in most of our markets. First quarter apartment net absorption was one of the best since 2016, despite slow job growth and tepid consumer sentiment.

Bear points

  • Baker has been sitting there on our development pipeline for quite some time. And the reason why it's been sitting there and not started is at this point in time, the math isn't that great. And we are in no hurry to go start something that we do not believe is the right thing to do for our shareholders.
  • Baker is in the sort of central business district or central business area of Denver. As everybody knows, that area is really soft right now. So we need to see some improvements in that area. And if we see improvements in that area, we will start that development, and if we don't, we won't.
  • Houston's consumer sentiment has fallen pretty dramatically in 26 as compared to 25. I think a lot of that is around just some of the effects of immigration, which does have a huge impact to Houston. And I think that that negative customer sentiment is having an impact in the way the Houston consumer spends their money.
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