---
title: Camden Property Trust (CPT) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/cpt
ticker: CPT
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Residential
---
# Camden Property Trust (CPT)

Camden Property Trust (CPT) closed at $98.59 on Oct 16, 2026, undervalued by 13% vs its model value of $113.67 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $98.59 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $113.67 |
| Price vs model | undervalued by 13% vs model |
| Range of that model | $105.26 – $123.72 |
| Market value | $9.9B |
| P/E (fiscal 2025) | 27.9 |
| Net margin (fiscal 2025) | 24.4% |
| Free cash flow (fiscal 2025) | $824.2M |
| Dividend yield (trailing twelve months) | 4.29% |
| Beta | 0.81 |
| Cost of capital (WACC) | 7.37% |
| Business classification | Dividend Payer (High revenue growth (~94% recent), High profitability (2965% net margin), Strong dividend yield, Highly cyclical earnings, Strong FCF yield (8.3%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #48 | 4.29% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Near 52-week lows | #16 | +2.9% | https://sweetvaluelab.com/lists/near-52-week-lows |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.29% |
| Dividends per share, last 12 months | $4.23 |
| Dividends / FFO (fiscal 2025) | 46.3% |
| Raised | 4 years in a row |
| Growth over 5 years | 5.0% a year |
| Latest payment | $1.06, ex-date Sep 30, 2026, paid Oct 16, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 29, 2021 | $3.32 |
| To Sep 29, 2022 | $3.65 |
| To Sep 28, 2023 | $3.94 |
| To Sep 30, 2024 | $4.09 |
| To Sep 30, 2025 | $4.18 |
| Trailing twelve months (to Sep 30, 2026) | $4.23 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $113.67 | $105.26 | $123.72 |
| P/E · peers | cross check | $64.24 | $47.69 | $75.48 |
| P/E · own history | cross check | $74.84 | $61.61 | $133.08 |
| PEG | sanity check | $8.62 | $8.62 | $8.62 |
| EV/EBITDA · peers | cross check | $6,272.98 | $5,994.14 | $6,538.76 |
| EV/Revenue · peers | cross check | $0.00 | $0.00 | $2.20 |
| Dividend discount | cross check | $117.14 | $80.62 | $175.86 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Jul 2, 2026 | Necas Kevin J. Jr. | SVP - Chief Accounting Officer | Grant / award | 2,133 | $0 |
| Jun 5, 2026 | CAMPO RICHARD J | Executive Chairman | Open-market sell | 30,000 | $3.4M |
| May 8, 2026 | Sevilla-Sacasa Frances Aldrich | Director | Grant / award | 2,507 | $0 |
| May 8, 2026 | WESTBROOK KELVIN R | Director | Grant / award | 2,507 | $0 |
| May 8, 2026 | WEBSTER STEVEN A | Director | Grant / award | 1,350 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Aug 31, 2026 | 8-K | 1.01 Entry into a Material Agreement; 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/906345/000162828026059610/cpt-20260831.htm |
| Aug 7, 2026 | S-8 | Employee stock plan registration | https://www.sec.gov/Archives/edgar/data/906345/000162828026054827/camdens-8.htm |
| Aug 3, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/906345/000162828026051942/cpt-20260803.htm |
| Jul 31, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/906345/000162828026051327/cpt-20260630.htm |
| Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/906345/000162828026051083/cpt-20260730.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Viking Global | 2026-06-30 | 4,513,303 | $516.7M |
| Lee Ainslie | 2026-06-30 | 1,707,280 | $195.5M |
| Christopher Davis | 2026-06-30 | 86,120 | $9.9M |

3 tracked managers in all.

## About

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.

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Source: https://sweetvaluelab.com/stocks/cpt (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.