CPT · 8-K · 20261105PR071117
Guidance / Outlook
CAMDEN PROPERTY TRUST · 2026-11-05 · Importance 57 · Surprise 68 · In source text
Camden updated its 2026 earnings guidance based on management’s current and expected views of the apartment market and general economic conditions, and issued fourth-quarter 2026 guidance. The revised 2026 midpoint for Core FFO is $6.75 per diluted share, unchanged from prior guidance, while the FFO midpoint rose $0.03 to $6.15 and the EPS midpoint fell $0.49 to $9.44. The company lowered its 2026 same-property revenue midpoint by 0.50 percentage points to 0.00% and its expense growth midpoint by 0.75 points to 1.75%; its NOI midpoint declined 0.40 points to (1.00)%. Camden said it intends to update earnings guidance quarterly.
Key facts
- Camden's 4Q26 EPS guidance was $0.12–$0.16 per diluted share, and its 2026 EPS guidance range was $9.42–$9.46, with a midpoint of $9.44 versus a prior midpoint of $9.93, a $0.49 decrease. source
- Camden's 4Q26 FFO guidance was $1.61–$1.65 per diluted share, and its 2026 FFO guidance range was $6.13–$6.17, with a midpoint of $6.15 versus a prior midpoint of $6.12, a $0.03 increase. source
- Camden's 4Q26 Core FFO guidance was $1.63–$1.67 per diluted share, and its 2026 Core FFO guidance range was $6.73–$6.77, with a midpoint of $6.75, unchanged from the prior midpoint. source
- Camden's 2026 same-property revenue growth guidance is a range of (0.25)% to 0.25%, with a current midpoint of 0.00%, down from a prior midpoint of 0.50%. source
- Camden's 2026 same-property expense growth guidance is 1.50%–2.00%, with a current midpoint of 1.75%, down from a prior midpoint of 2.50%. source
- Camden's 2026 same-property NOI growth guidance is (1.50)% to (0.50)%, with a current midpoint of (1.00)%, down from a prior midpoint of (0.60)%. source
- Camden's 2026 Core FFO guidance excludes approximately $0.60 per share of non-core charges for casualty-related expenses net of recoveries, legal costs and settlements, expensed transaction, development and other pursuit costs, and investment losses. source
- Camden intends to update its earnings guidance to the market quarterly. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | committed | — | Camden's 4Q26 EPS guidance was $0.12–$0.16 per diluted share, and its 2026 EPS guidance range was $9.42–$9.46, with a midpoint of $9.44… |
| revenue | negative | committed | — | Camden's 2026 same-property revenue growth guidance is a range of (0.25)% to 0.25%, with a current midpoint of 0.00%, down from a prior… |
| operating_income | positive | committed | — | Camden's 2026 same-property expense growth guidance is 1.50%–2.00%, with a current midpoint of 1.75%, down from a prior midpoint of 2.50%. |
| operating_income | negative | committed | — | Camden's 2026 same-property NOI growth guidance is (1.50)% to (0.50)%, with a current midpoint of (1.00)%, down from a prior midpoint of… |