Camden Property Trust Announces Second Quarter 2026 Operating Results
Camden Property Trust reported Q2 FFO of $1.68 per share, beating guidance of $1.65, though Core FFO and Core AFFO declined slightly year-over-year to $1.68 and $1.39, respectively. Same-property NOI excluding the California portfolio fell 1.4%, reflecting broader market softness. The company completed the sale of its 11-community California portfolio for $1.625 billion, using proceeds to pay down debt, while simultaneously acquiring seven communities for $645.4 million. Subsequent to the quarter, Camden issued a $350 million unsecured term loan facility.
Key figures
- Eps
- 0.18
- Revenue
- 392944000
- Guidance
- 2026 EPS $9.76-$10.10, FFO $6.05-$6.19, Core FFO $6.68-$6.82
- Revenue Yoy
- -0.9%
- Ffo
- 1.68
- Core Ffo
- 1.68
- Core Affo
- 1.39
- Buyback spend
- 144100000
- Shares repurchased
- 1429136
- Litigation settlement
- 53000000
- Same property noi growth
- -1.4%
AI analysis
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