Camden Property (CPT) | Financial Analysis & Statements
Camden Property Trust Large-cap Real Estate
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Dec 2025Income Metrics
Revenue
390.8M
Gross Profit
243.1M
62.20%
Operating Income
78.3M
20.04%
Net Income
158.0M
40.42%
EPS (Diluted)
$1.44
Balance Sheet Metrics
Total Assets
9.0B
Total Liabilities
4.6B
Shareholders Equity
4.4B
Debt to Equity
1.04
Cash Flow Metrics
Operating Cash Flow
346.3M
Free Cash Flow
66.8M
Revenue & Profitability Trend
Quarter Income Flow
Dec 31, 2025
Annual Income Flow
2025
Camden Property Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 1.6B | 1.5B | 1.5B | 1.4B | 1.1B |
| Cost of Goods Sold | 607.2M | 599.3M | 584.3M | 529.2M | 447.9M |
| Gross Profit | 966.3M | 944.5M | 957.7M | 893.6M | 695.7M |
| Gross Margin % | 61.4% | 61.2% | 62.1% | 62.8% | 60.8% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 79.3M | 72.4M | 62.5M | 60.4M | 59.4M |
| Other Operating Expenses | -13.0M | -7.1M | -3.5M | -5.2M | -10.5M |
| Total Operating Expenses | 66.4M | 65.2M | 59.1M | 55.2M | 48.8M |
| Operating Income | 288.9M | 297.3M | 323.8M | 261.3M | 226.2M |
| Operating Margin % | 18.4% | 19.3% | 21.0% | 18.4% | 19.8% |
| Non-Operating Items | |||||
| Interest Income | 256.0K | 4.4M | 879.0K | 3.0M | 1.2M |
| Interest Expense | 138.2M | 129.8M | 133.4M | 113.4M | 97.3M |
| Other Non-Operating Income | 248.0M | 1.9M | 222.9M | 513.6M | 184.2M |
| Pre-tax Income | 398.9M | 173.8M | 414.2M | 664.5M | 314.3M |
| Income Tax | 4.0M | 2.9M | 3.6M | 3.0M | 1.9M |
| Effective Tax Rate % | 1.0% | 1.7% | 0.9% | 0.4% | 0.6% |
| Net Income | 394.9M | 170.8M | 410.6M | 661.5M | 312.4M |
| Net Margin % | 25.1% | 11.1% | 26.6% | 46.5% | 27.3% |
| Key Metrics | |||||
| EBITDA | 900.2M | 883.7M | 899.5M | 844.4M | 657.9M |
| EPS (Basic) | $3.54 | $1.50 | $3.71 | $6.07 | $2.97 |
| EPS (Diluted) | $3.54 | $1.50 | $3.70 | $6.04 | $2.96 |
| Basic Shares Outstanding | 108376000 | 108491000 | 108653000 | 107605000 | 101999000 |
| Diluted Shares Outstanding | 108376000 | 108491000 | 108653000 | 107605000 | 101999000 |
Income Statement Trend
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Camden Property Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 25.2M | 21.0M | 259.7M | 10.7M | 613.4M |
| Short-term Investments | - | - | - | - | - |
| Accounts Receivable | 8.9M | 9.0M | 11.9M | 13.4M | 18.7M |
| Inventory | - | - | - | - | - |
| Other Current Assets | - | - | - | - | - |
| Total Current Assets | 46.1M | 41.2M | 280.0M | 30.8M | 637.6M |
| Non-Current Assets | |||||
| Property, Plant & Equipment | - | - | - | - | - |
| Goodwill | - | - | - | - | - |
| Intangible Assets | - | - | - | - | - |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 293.3M | 234.8M | 244.2M | 229.4M | 234.4M |
| Total Non-Current Assets | 9.0B | 8.8B | 9.1B | 9.3B | 7.3B |
| Total Assets | 9.0B | 8.9B | 9.4B | 9.3B | 8.0B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 248.1M | 215.2M | 222.6M | 211.4M | 191.7M |
| Short-term Debt | - | - | - | 42.0M | - |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | - | - | - | - | - |
| Total Current Liabilities | 455.4M | 407.3M | 429.5M | 452.5M | 347.1M |
| Non-Current Liabilities | |||||
| Long-term Debt | 3.9B | 3.5B | 3.7B | 3.6B | 3.2B |
| Deferred Tax Liabilities | - | - | - | - | - |
| Other Non-Current Liabilities | 248.5M | 212.1M | 187.0M | 179.6M | 193.1M |
| Total Non-Current Liabilities | 4.1B | 3.7B | 3.9B | 3.8B | 3.4B |
| Total Liabilities | 4.6B | 4.1B | 4.3B | 4.3B | 3.7B |
| Equity | |||||
| Common Stock | 1.2M | 1.2M | 1.2M | 1.2M | 1.1M |
| Retained Earnings | -969.2M | -897.9M | -613.7M | -581.5M | -829.5M |
| Treasury Stock | 620.5M | 359.7M | 320.4M | 328.7M | 334.0M |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 4.4B | 4.7B | 5.1B | 5.1B | 4.3B |
| Key Metrics | |||||
| Total Debt | 3.9B | 3.5B | 3.7B | 3.7B | 3.2B |
| Working Capital | -409.3M | -366.1M | -149.6M | -421.7M | 290.5M |
Balance Sheet Composition
Camden Property Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 394.9M | 170.8M | 410.6M | 661.5M | 312.4M |
| Depreciation & Amortization | 611.0M | 582.0M | 574.8M | 577.0M | 420.7M |
| Stock-Based Compensation | 17.0M | 15.2M | 14.5M | 12.8M | 15.4M |
| Working Capital Changes | 34.1M | 26.5M | 17.0M | -19.0M | 4.3M |
| Operating Cash Flow | 1.1B | 794.6M | 1.0B | 758.2M | 752.8M |
| Investing Activities | |||||
| Capital Expenditures | - | - | - | - | - |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | - | - | - | - |
| Investment Sales | - | - | - | - | - |
| Investing Cash Flow | -5.8M | -6.0M | -6.9M | -11.2M | -435.0K |
| Financing Activities | |||||
| Share Repurchases | -270.7M | -50.0M | - | - | - |
| Dividends Paid | -461.0M | -451.0M | -434.9M | -396.8M | -343.0M |
| Debt Issuance | 588.0M | 982.0M | 1.8B | 1.1B | 0 |
| Debt Repayment | -766.0M | -1.2B | -1.8B | -1.1B | 0 |
| Financing Cash Flow | -322.0M | -725.5M | -417.2M | 109.9M | 421.4M |
| Free Cash Flow | 386.2M | 381.1M | 384.0M | 295.3M | 148.8M |
| Net Change in Cash | 729.1M | 63.1M | 592.8M | 856.9M | 1.2B |
Cash Flow Trend
Camden Property Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
28.97
Forward P/E
60.41
Price to Book
2.50
Price to Sales
6.77
PEG Ratio
0.10
Profitability Ratios
Profit Margin
24.23%
Operating Margin
19.80%
Return on Equity
8.60%
Return on Assets
2.02%
Financial Health
Current Ratio
0.03
Debt to Equity
88.40
Beta
0.85
Per Share Data
EPS (TTM)
$3.54
Book Value per Share
$41.02
Revenue per Share
$14.64
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| CPT | 10.7B | 28.97 | 2.50 | 8.60% | 24.23% | 88.40 |
| Equity Residential | 24.4B | 21.04 | 2.12 | 10.02% | 36.20% | 74.32 |
| AvalonBay | 24.0B | 23.29 | 2.08 | 8.89% | 34.57% | 80.26 |
| Essex Property | 17.6B | 24.34 | 2.94 | 12.24% | 34.60% | 119.43 |
| Invitation Homes | 16.6B | 27.65 | 1.70 | 6.09% | 21.63% | 88.12 |
| Sun Communities | 16.6B | 140.48 | 2.30 | 0.01% | 59.22% | 60.91 |
Financial data is updated regularly. All figures are in the company's reporting currency.






