Camden Property Trust Q4 FFO Reaches $1.70, Same-Store NOI Climbs 5.4%
Camden Property Trust reported Q4 2025 FFO per share of $1.70, a 4% year-over-year increase that topped consensus by three cents. Same-store net operating income rose 5.4% and portfolio occupancy held at 96.3%, leading management to raise 2026 FFO guidance to $6.90–$7.00.
1. Q4 Financial Performance
Camden Property Trust delivered Q4 2025 FFO per share of $1.70, up 4% from $1.63 a year earlier and exceeding analysts’ consensus by three cents. Total revenue increased 3.8% to $265 million, reflecting resilient demand across its multifamily portfolio.
2. Operational Metrics
The portfolio maintained occupancy at 96.3% for the quarter, stable with the prior year period. Same-store net operating income advanced 5.4% on average rent growth of 3.2% and disciplined expense management.
3. Updated 2026 Outlook
Management raised full-year 2026 FFO guidance to a range of $6.90–$7.00 per share, up from prior guidance of $6.80–$6.95, citing robust leasing momentum and continued rent increases in key markets. The quarterly dividend remained at $0.87 per share.