Camden Property Trust shared its third-quarter results, with core profit at $1.71 per share and better lease rates.

Nov 6, 2026, 1:04 PM ETResultsRead the original at Benzinga

Neutral

Camden sold its California portfolio for $1.625 billion, and October occupancy was 95.2% as lease rates improved. Lower rent and property income growth estimates compete with the FFO beat, while full-year FFO stayed unchanged, leaving no clear overall shift.

CPT · Camden Property Trust

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Construction fees and interest income drove the FFO beat. Lease rates also improved by 1.2 percentage points from the prior quarter, and October occupancy was 95.2%. Camden cut its expected growth in rent and property income at existing communities. It kept full-year core FFO at $6.75 per share, so those signs point in different directions. Camden used its $1.625 billion California sale to repay debt, fund acquisitions, and buy back shares. But it canceled 2 planned acquisitions after interest-rate moves, leaving the results mixed.

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