The company said its diluted EPS for Q4 2023 was $2.03 ($0.42 a year earlier), FFO was $1.72 ($1.74 a year earlier), and Core FFO was $1.73 ($1.74 a year earlier). For the full year, EPS was $3.70 ($6.04 a year earlier) and Core FFO was $6.82 ($6.52 a year earlier).

1. 01

   The company said its diluted EPS for Q4 2023 was $2.03 ($0.42 a year earlier), FFO was $1.72 ($1.74 a year earlier), and Core FFO was $1.73 ($1.74 a year earlier). For the full year, EPS was $3.70 ($6.04 a year earlier) and Core FFO was $6.82 ($6.52 a year earlier).

2. 02

   Camden said same property revenues rose 2.6% from a year earlier in Q4 2023, expenses rose 7.7%, and NOI was 0.0%. For Q4, it said signed new lease rates were (4.3)% and signed renewal rates were 3.9%.

3. 03

   The company said it sold its Costa Mesa community in Q4 for about $232.0 million and recognized a gain of about $176.4 million. It also issued $500 million of senior unsecured notes with a coupon of 5.850%. As of December 31, 2023, liquidity was over $1.4 billion.

4. 04

   The company provided full-year 2024 diluted Core FFO guidance of $6.59 to $6.89 and same property NOI growth guidance of (1.50%) to 1.50%. It also declared a dividend of $1.03 per common share for Q1 2024.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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