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Camden Property Trust — Intrinsic Value & Fair Price

CPT
NYSEReal EstateREIT - ResidentialCIK 0000906345camdenliving.comAbout CPT
Last close · Oct 16, 202698.59+0.40 (+0.41%)
Market cap$9.9B
Model value · P/Cash FFO · own history
113.67
Camden Property Trust closed at $98.59 — undervalued by 13% vs model.
105.26the model's range123.72

P/Cash FFO · own history leads for a REIT. From its own five-year median price to Cash FFO.

Other models
8.62 – 6,272.98
Wall St. target
114.00 14% below
Below model, 1y
17 of 17 days

Price and model value

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What the marks mean
Daily close

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.29%
#48 · Highest dividend yield
Past 2 years
low 3.20%high 4.42%
Dividends per share, a year at a time
$3.32Sep ’21$3.65Sep ’22$3.94Sep ’23$4.09Sep ’24$4.18Sep ’25$4.23TTM
Dividends / FFO, FY2025
46.3%
Raised
4 years in a row
Growth, 5 yrs
5.0% a year
Last change
+1.0% · Mar 2026
Every payment, with ex-dates · latest $1.06, paid Oct 16, 2026

Research on CPT

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How it is valued

Valued asREIT
High revenue growth (~94% recent)High profitability (2965% net margin)Strong dividend yieldHighly cyclical earningsStrong FCF yield (8.3%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for REITs
Price / Cash FFO
—
Dividend yield, TTM
4.29%
Dividends / Cash FFO
—
Debt / assets
43.1%
Price / book
2.4×
Revenue growth
81.7%
Full financials

Analyst actions

third-party, quoted
10-14Barclays · target114.00
10-14UBS · target101.00
09-25Truist Financial · target108.00
05-14Scotiabank · “Sector Underperform” from “Sector Perform”downgrade
Ratings, targets and estimates

The weekly

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About Camden Property Trust

Camden Property Trust, an S&P 400 listed entity, specializes in real estate, primarily through the ownership, operation, development, renovation, purchase, and building of multi-family residential complexes. Currently, Camden possesses stakes in and manages 167 properties housing 56,850 apartment units throughout the United States. With seven additional properties presently under construction, the company's total portfolio will expand to 174 properties offering 59,104 apartment homes. Camden has earned consistent recognition for its workplace culture, being named one of FORTUNE magazine's "100 Best Companies to Work For®" for 13 straight years, most recently achieving the #18 spot. Furthermore, in 2020, it secured the #25 position among large U.S. companies in the Glassdoor Employees' Choice Award.

CEO
Alexander J. K. Jessett
Headquarters
Houston, TX
Employees
1,640
IPO
1993-07-22
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.