Camden Property Trust posted 2Q GAAP EPS of USD 0.18, down from USD 0.74 a year earlier.
2Q FFO per diluted share edged up to USD 1.68 from USD 1.67, while Core FFO slipped to USD 1.68 from USD 1.70.
Same-property NOI excluding California fell 1.4% year over year, as expenses rose 2.4% and revenues dipped 0.1%.
Sold 11 California communities for about USD 1.63 billion on July 29; about USD 0.9 billion of proceeds earmarked to retire revolving credit facility and commercial paper.
Raised 2026 GAAP EPS guidance midpoint to USD 9.93 from USD 0.66, while keeping Core FFO midpoint unchanged at USD 6.75.
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