Camden Property Trust releases transcript of first-quarter 2026 earnings call

Camden Property Trust

Camden Property Trust

CPT

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  • Camden Property Trust discussed first-quarter 2026 results on its May 1 earnings call attended by Executive Chairman Ric Campo, CEO Alex Jessett, President and COO Laurie Baker, CFO Ben Fraker, plus Keith Oden and Stanley Jones.
  • Core FFO of $1.7 per share beat guidance by $0.04; $58.2 million non-Core FFO charges included a $53 million class action settlement.
  • Reaffirmed full-year Core FFO guidance midpoint of $6.75; maintained same-store revenue midpoint of 0.75%, expenses 3%, NOI -0.5%.
  • Southern California portfolio sale advanced with one buyer in diligence; close targeted for end-June or early July; about 60% of proceeds slated for 1031 reinvestment.
  • Issued $600 million of 10-year unsecured bonds at a 5% effective rate; repurchased $423 million of stock at $104.08 average; expects stronger 3Q leasing.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Camden Property Trust published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.