Camden Property Trust Q3 profit jumps on California sale
CPT•Camden Property Trust reported Q3 EPS of $8.71, driven by a gain from selling its California portfolio, while property revenue declined slightly year over year. The company lowered its 2026 EPS and same-property revenue growth outlook, raised its FFO guidance, and repurchased $50 million in shares during the quarter.
1. Quarterly results
Camden Property Trust’s Q3 EPS was $8.71, driven by a gain from the California portfolio sale and partially offset by land-development impairments. Same-property revenue and net operating income declined slightly year over year, reflecting subdued rent growth and stable occupancy.
2. 2026 outlook and activity
The company expects 2026 EPS of $9.42 to $9.46, down from its prior guidance of $9.93, and lowered its same-property revenue growth outlook to flat from 0.5%. It raised 2026 FFO guidance to $6.13-$6.17 per share from $6.12, repurchased $50 million in shares during the quarter, and acquired three apartment communities in Tampa, Charlotte and Nashville for $305.2 million.
