Camden Property Trust said net income attributable to common shareholders for the 3 months ended March 31, 2025 was $38.8 million, a decrease of $45.1 million from $83.9 million in the same period in 2024. The company cited a gain of $43.8 million on the sale of 1 operating property in 2024 as a factor in the decrease.

1. 01

   Camden Property Trust said net income attributable to common shareholders for the 3 months ended March 31, 2025 was $38.8 million, a decrease of $45.1 million from $83.9 million in the same period in 2024. The company cited a gain of $43.8 million on the sale of 1 operating property in 2024 as a factor in the decrease.

2. 02

   The company said same store revenues for Q1 2025 increased approximately 0.8%. Same store property NOI increased approximately $2.2 million, and it attributed approximately $1.7 million of the revenue increase of approximately $2.9 million to higher occupancy.

3. 03

   Camden Property Trust said it purchased an operating property comprising 352 homes in the Austin, Texas metropolitan area in January 2025 for approximately $67.7 million, and an operating property comprising 435 homes in Nashville in February for approximately $131.3 million. The company established a commercial paper program in February 2025 with a limit of $600.0 million, and as of March 31 had an aggregate of $425.8 million principal amount of notes outstanding under the program, bearing interest at 4.67%.

4. 04

   Camden Property Trust said net cash from operating activities for Q1 2025 was approximately $148.2 million, compared to approximately $135.9 million in the same period in 2024. Net cash used in investing activities totaled approximately $275.9 million, and net cash provided by financing activities was approximately $133.3 million, with net borrowings on the commercial paper program of approximately $425.8 million as a primary source of inflows.

Key figures

Quarter ended March 31, 2025

Revenue

$2M

Net income

$39M

EPS

$0.36

Operating cash flow

$148M

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.

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.