Financials Camden Property Trust

Equities

CPT

US1331311027

Residential REITs

Market Closed - Nyse 04:00:02 2024-05-09 pm EDT 5-day change 1st Jan Change
106.8 USD +2.55% Intraday chart for Camden Property Trust +6.27% +7.59%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 10,274 9,732 18,261 11,918 10,601 11,098 - -
Enterprise Value (EV) 1 12,775 12,478 20,818 15,589 14,057 14,514 14,656 14,789
P/E ratio 47.8 x 80.6 x 60.4 x 18.5 x 26.8 x 57.8 x 59.6 x 47.7 x
Yield 3.02% 3.32% 1.86% 3.36% 4.03% 3.95% 4.07% 4.16%
Capitalization / Revenue 9.99 x 9.32 x 16 x 8.38 x 6.87 x 7.16 x 6.97 x 6.67 x
EV / Revenue 12.4 x 12 x 18.2 x 11 x 9.12 x 9.37 x 9.2 x 8.88 x
EV / EBITDA 21.7 x 20.8 x 32.1 x 18.5 x 15.6 x 16.4 x 16.3 x 16 x
EV / FCF - - 36.3 x 23.8 x 37.1 x 21.5 x 21.6 x -
FCF Yield - - 2.75% 4.2% 2.69% 4.64% 4.64% -
Price to Book 2.91 x 2.88 x 4.34 x 2.41 x 2.17 x 2.47 x 2.67 x 2.89 x
Nbr of stocks (in thousands) 96,832 97,396 102,197 106,528 106,771 106,535 - -
Reference price 2 106.1 99.92 178.7 111.9 99.29 104.2 104.2 104.2
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,028 1,044 1,144 1,423 1,542 1,550 1,593 1,665
EBITDA 1 589.6 598.9 648.1 842.4 901.1 884.2 898.7 925.3
EBIT 1 253.4 231.7 227.4 265.3 326.3 267 304.1 346.7
Operating Margin 24.64% 22.2% 19.89% 18.65% 21.16% 17.23% 19.09% 20.82%
Earnings before Tax (EBT) 1 225.4 130.6 314.3 664.5 414.2 207.3 174.9 196.8
Net income 1 219.6 123.9 303.9 653.6 403.3 198.6 180.1 226.2
Net margin 21.35% 11.87% 26.57% 45.94% 26.15% 12.82% 11.31% 13.59%
EPS 2 2.220 1.240 2.960 6.040 3.700 1.803 1.749 2.184
Free Cash Flow 1 - - 573.4 654 378.4 674 680 -
FCF margin - - 50.14% 45.97% 24.54% 43.49% 42.68% -
FCF Conversion (EBITDA) - - 88.48% 77.64% 42% 76.23% 75.66% -
FCF Conversion (Net income) - - 188.69% 100.06% 93.83% 339.35% 377.48% -
Dividend per Share 2 3.200 3.320 3.320 3.760 4.000 4.114 4.241 4.332
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 305.4 311.4 361.7 373.8 375.9 378.2 385.5 390.8 387.6 383.1 386.6 389.6 389.3 392.8 397.6
EBITDA 1 182 182.5 212.4 221.4 226.2 220.1 224 227.5 228.4 220.2 220.8 222.6 225.6 221.7 222.1
EBIT 1 65.53 69.31 54.65 62.48 78.89 77.61 80.96 83.14 83.42 75.4 64.2 63.76 63.63 72.17 78.67
Operating Margin 21.46% 22.26% 15.11% 16.72% 20.99% 20.52% 21% 21.28% 21.52% 19.68% 16.61% 16.36% 16.34% 18.37% 19.79%
Earnings before Tax (EBT) 1 218.5 84.19 499.8 32.29 48.22 44.77 93.79 50.57 225.1 86.66 42.37 42.07 43.53 40.83 41.67
Net income 1 212.9 80.74 497.3 29.84 45.71 41.92 91.1 47.96 222.3 83.89 42.22 42.66 43.67 42.43 44.62
Net margin 69.72% 25.93% 137.49% 7.98% 12.16% 11.08% 23.63% 12.27% 57.36% 21.9% 10.92% 10.95% 11.22% 10.8% 11.22%
EPS 2 2.020 0.7600 4.540 0.2700 0.4200 0.3900 0.8400 0.4400 2.030 0.7700 0.3879 0.3967 0.4076 0.4177 0.4394
Dividend per Share 2 0.8300 0.9400 0.9400 0.9400 0.9400 1.000 1.000 1.000 1.000 1.030 1.030 1.030 1.030 1.059 1.065
Announcement Date 2/3/22 4/28/22 7/28/22 10/27/22 2/2/23 4/27/23 8/3/23 10/26/23 2/1/24 5/2/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,501 2,746 2,557 3,670 3,456 3,417 3,559 3,691
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 4.241 x 4.586 x 3.945 x 4.357 x 3.835 x 3.864 x 3.959 x 3.989 x
Free Cash Flow 1 - - 573 654 378 674 680 -
ROE (net income / shareholders' equity) 5.24% 3.5% 3.42% 3.17% 3.61% 3.53% 4.12% 5.37%
ROA (Net income/ Total Assets) 2.81% 1.78% 1.72% 7.55% 1.92% 0.94% 1.31% 1.59%
Assets 1 7,829 6,974 17,661 8,652 20,977 21,152 13,787 14,199
Book Value Per Share 2 36.50 34.70 41.20 46.30 45.80 42.20 39.10 36.00
Cash Flow per Share 2 5.590 5.130 5.620 6.870 7.270 7.010 7.060 7.360
Capex 1 861 435 1,063 1,520 417 57.5 170 200
Capex / Sales 83.72% 41.65% 92.93% 106.83% 27.01% 3.71% 10.69% 11.99%
Announcement Date 1/30/20 2/4/21 2/3/22 2/2/23 2/1/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
104.2 USD
Average target price
105.2 USD
Spread / Average Target
+0.94%
Consensus
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