Camden Property (CPT) Q1 2026 Earnings Call Transcript
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Friday, May 1, 2026, at 11 a.m. ET
Camden Property Trust (NYSE:CPT) emphasized disciplined capital allocation, confirming the $6.75 core FFO per share outlook for fiscal 2026 and signaling no new share repurchases in revised guidance. The company advanced its California portfolio sale, stating it remains in diligence with a single buyer and expects closing by early July, targeting $650 million in proceeds for redeployment through 1031 exchanges and prior share buybacks. Camden reported a notable sequential improvement in April occupancy and blended lease rates compared to the first quarter, consistent with management’s forecast of a demand-driven rebound as new supply moderates across its key Sunbelt markets.
Source Fool.com