Camden Property Trust Reports Q1 Earnings Outperformance Amid Strategic Portfolio Moves
Camden Property Trust (NYSE:CPT) reported first-quarter Core FFO of $1.70, beating the midpoint by $0.04 due to strong occupancy and blended rent growth despite non-core charges from a class-action settlement. The company is selling its California portfolio for reinvestment via 1031 exchanges and share buybacks while reaffirming full-year guidance.
Tickers: $CPT
Topics: debt_funding financial_performance real_estate reits share_repurchase