Camden Property Trust said net income attributable to common shareholders was $163.3 million in 2024 and $403.3 million in 2023. The company cited as factors for the decrease a reduction in gain on sale from $225.4 million in 2023 to $43.8 million in 2024 and recognition of $41.0 million in impairment associated with land development activities in 2024.

10-KAnnual reportFiled Feb 20, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

Camden Property Trust said net income attributable to common shareholders was $163.3 million in 2024 and $403.3 million in 2023. The company cited as factors for the decrease a reduction in gain on sale from $225.4 million in 2023 to $43.8 million in 2024 and recognition of $41.0 million in impairment associated with land development activities in 2024.
The company said same store property NOI increased approximately $9.9 million in 2024 compared with 2023. It said same store property revenues increased approximately $19.3 million and same store property expenses increased approximately $9.4 million.
Camden Property Trust said net cash from operating activities was approximately $774.9 million in 2024 compared with approximately $795.0 million in 2023, cash used in investing activities was approximately $285.2 million, and cash used in financing activities was approximately $725.5 million.
As of December 31, 2024, the company estimated the total additional cost to complete construction of 3 projects comprising 1,138 apartment homes at approximately $243.6 million. It said it expected to incur approximately $135 million to $155 million of this amount in 2025.

Key figures

Fiscal year ended December 31, 2024

Revenue: $7M
Net income: $163M
EPS: $1.50
Operating cash flow: $775M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Net Income Decline: Reduced Gain on Sale and $41.0 million Impairment

Camden Property Trust said net income attributable to common shareholders was $163.3 million in 2024 and $403.3 million in 2023. The company cited as factors for the decrease a reduction in gain on sale from $225.4 million in 2023 to $43.8 million in 2024 and recognition of $41.0 million in impairment associated with land development activities in 2024.

Source · Based on the MD&A text of the filing

Same Store NOI and Expense Changes

The company said same store property NOI increased approximately $9.9 million in 2024 compared with 2023. It said same store property revenues increased approximately $19.3 million and same store property expenses increased approximately $9.4 million.

Source · Based on the MD&A text of the filing

2024 Cash Flow Composition

Camden Property Trust said net cash from operating activities was approximately $774.9 million in 2024 compared with approximately $795.0 million in 2023, cash used in investing activities was approximately $285.2 million, and cash used in financing activities was approximately $725.5 million.

Source · Based on the MD&A text of the filing

Construction Projects Under Way and 2025 Spending Outlook

As of December 31, 2024, the company estimated the total additional cost to complete construction of 3 projects comprising 1,138 apartment homes at approximately $243.6 million. It said it expected to incur approximately $135 million to $155 million of this amount in 2025.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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