The company reported diluted earnings per share of $0.40, FFO per share of $1.71 and Core FFO per share of $1.71 for Q2 2024 (3 months). For Q2 2023, the figures were $0.84, $1.67 and $1.70, respectively.

1. 01

   The company reported diluted earnings per share of $0.40, FFO per share of $1.71 and Core FFO per share of $1.71 for Q2 2024 (3 months). For Q2 2023, the figures were $0.84, $1.67 and $1.70, respectively.

2. 02

   Camden said same property NOI rose 0.9% in Q2 from Q2 2023. In Q2, the signed new lease rate was (1.8)%, the signed renewal rate was 3.7%, and occupancy was 95.3%.

3. 03

   Camden said it repurchased 44,692 shares in Q2 at an average price of $96.52 per share, for a total of $4.3 million, and repurchased 515,974 shares year to date for about $50.0 million. As of June 30, 2024, liquidity was nearly $1.3 billion, consisting of about $93.9 million in cash and cash equivalents and $1.2 billion of availability under its unsecured credit facility.

4. 04

   The company set its full-year 2024 Core FFO per share guidance range at $6.74 to $6.84 (midpoint $6.79), compared with a prior midpoint of $6.74. The FFO guidance range is $6.67 to $6.77 (midpoint $6.72, prior $6.69).

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.