Camden said diluted EPS for the three months ended September 30 was ($0.04), FFO was $1.65, and Core FFO was $1.71 for Q3 2024. For Q3 2023, EPS was $0.44, FFO was $1.73, and Core FFO was $1.73.

1. 01

   Camden said diluted EPS for the three months ended September 30 was ($0.04), FFO was $1.65, and Core FFO was $1.71 for Q3 2024. For Q3 2023, EPS was $0.44, FFO was $1.73, and Core FFO was $1.73.

2. 02

   The company said it decided not to move forward at the present time with 4 predevelopment projects during the quarter. It said it recognized a non-cash charge of about $41.0 million ($0.37 per diluted share) for impairments related to land development projects in Los Angeles, Houston and Atlanta.

3. 03

   The company said it had nearly $1.1 billion of liquidity as of September 30, 2024, consisting of about $31.2 million in cash and over $1.0 billion of availability under its unsecured credit facility. During the quarter, it repaid 3.68%, $250.0 million of senior unsecured notes.

4. 04

   The company set its 2024 full-year Core FFO guidance at a range of $6.79 to $6.83 per diluted share, with a midpoint of $6.81, and showed the change from the prior midpoint of $6.79 as $0.02. Its Core FFO guidance for Q4 is $1.68 to $1.72.

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.