Camden Property Trust releases transcript of Q2 2026 earnings call
CPT•Second-quarter results, portfolio sales and capital allocation
Camden Property Trust discussed second-quarter 2026 results on a July 31 earnings call attended by Executive Chairman Ric Campo, CEO Alex Jessett, President and COO Laurie Baker, and CFO Ben Fraker.
- Closed sale of 11 California communities for $1.625 billion before about $15 million of transaction costs; proceeds redeployed into Sunbelt assets and stock.
- Repurchased $694 million of shares at $105.17; completed $645 million of acquisitions at just under a 5% FFO yield; about $200 million more 1031 buys targeted.
- Reaffirmed full-year Core FFO midpoint guidance of $6.75 per share; posted second-quarter Core FFO of $1.68 per share, $0.01 above midpoint.
- Leasing improved into July; second-quarter effective blended rent growth was -0.2%; management expected back-half blended growth just over 1%.
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