CAMDEN PROPERTY TRUST

CPT 10-K · FY 2025

CPT FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Operating Lease Lease Income 1,573,544 1,543,842 +1.9%
Show Business Segments breakouts
Reportable Segment [Member] 1,573,544 1,543,842 +1.9%
Direct Costs Of Leased And Rented Property Or Equipment 369,889 365,681 +1.2%
Real Estate Tax Expense 196,821 193,124 +1.9%
Show Business Segments breakouts
Reportable Segment [Member] 196,821 193,124 +1.9%
Cost of Revenue 566,710 558,805 +1.4%
Revenue 12,967 7,137 +81.7%
Interest And Other Income 256 4,420 -94.2%
Income Loss On Deferred Compensation Plans 19,260 12,629 +52.5%
Total Non Property Income Loss 32,483 24,186 +34.3%
Show Business Segments breakouts
Reportable Segment [Member] 32,483 24,186 +34.3%
Cost Of Property Repairs And Maintenance 37,452 38,331 -2.3%
Costof Feeand Asset Management 3,074 2,200 +39.7%
General & Administrative 79,344 72,365 +9.6%
Interest Expense 138,239 129,815 +6.5%
Show Business Segments breakouts
Reportable Segment [Member] 138,239 129,815 +6.5%
Depreciation And Amortization 611,025 582,014 +5.0%
Show Business Segments breakouts
Reportable Segment [Member] 611,025 582,014 +5.0%
Expense Benefit On Deferred Compensation Plans 19,260 12,629 +52.5%
Total Other Expenses 888,394 837,354 +6.1%
Asset Impairment Charges -12,916 -40,988 +68.5%
Show Business Segments breakouts
Reportable Segment [Member] -12,916 -40,988 +68.5%
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
Arts District, Downtown II -12.9
Gain Loss On Disposition Of Assets 260,910 43,806 +495.6%
Show Business Segments breakouts
Reportable Segment [Member] 260,910 43,806 +495.6%
Show Disposal Group Classification breakouts
Disposal Group Disposed Of By Sale Not Discontinued Operations 260.9 43.8 +495.7%
Income Loss From Continuing Operations Before Income Taxes Domestic 398,917 173,766 +129.6%
Current Income Tax Expense Benefit -4,019 -2,926 -37.4%
Show Business Segments breakouts
Reportable Segment [Member] -4,019 -2,926 -37.4%
Net Income 394,898 170,840 +131.2%
Show Business Segments breakouts
Reportable Segment [Member] 394,898 170,840 +131.2%
Net Income Loss Attributable To Noncontrolling Interest -10,436 -7,547 -38.3%
Net Income 384,462 163,293 +135.4%
EPS (Basic) 3.54 1.5 +136.0%
EPS (Diluted) 3.54 1.5 +136.0%
Wtd Avg Shares (Basic) 108,376 108,491 -0.1%
Wtd Avg Shares (Diluted) 108,434 108,539 -0.1%
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax -212 -18 -1077.8%
Reclassificationofnetlossoncashflowhedgingactivitiespriorservicecostandnetlossonpostretirementobligation 1,403 2,159 -35.0%
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest 396,089 173,066 +128.9%
Comprehensive Income 385,653 165,519 +133.0%
Operating Expenses (FY)
Show Business Segments breakouts
Reportable Segment [Member] -72,159 -70,516 -2.3%
Income Tax Expense (Benefit) 4 2.9 +37.9%
Net Income Loss Available To Common Stockholders Basic 383,638 162,998 +135.4%
Labor And Related Expense (FY)
Show Business Segments breakouts
Reportable Segment [Member] -106,892 -102,776 -4.0%
Other Expenses (FY)
Show Business Segments breakouts
Reportable Segment [Member] -139,130 -125,525 -10.8%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Cash & Cash Equivalents 25,203 21,045 +19.8%
Non-Current Assets
Total Assets 9,042,989 8,852,144 +2.2%
Operating Lease Right-of-Use Assets 11 2.5 +340.0%
Other Assets
Land 1,787,445 1,722,526 +3.8%
Investment Building And Building Improvements 11,792,960 11,319,460 +4.2%
Real Estate Assets At Cost Total 13,580,405 13,041,986 +4.1%
Real Estate Investment Property Accumulated Depreciation -5,296,061 -4,867,422 -8.8%
Net Operating Real Estate Assets 8,284,344 8,174,564 +1.3%
Properties Under Development Including Land 419,227 401,542 +4.4%
Real Estate Assets Total 8,703,571 8,576,106 +1.5%
Accounts Receivable Affiliates 8,884 8,991 -1.2%
Other Assets 293,292 234,838 +24.9%
Restricted Cash And Cash Equivalents 12,039 11,164 +7.8%
Non-Current Liabilities
Accounts Payable And Accrued Liabilities Current And Noncurrent 248,087 215,179 +15.3%
Accrual For Taxes Other Than Income Taxes Current And Noncurrent 92,382 78,529 +17.6%
Total Liabilities 4,604,736 4,104,955 +12.2%
Long-Term Debt 3,900.8
Other Liabilities
Unsecured Debt 3,570,193 3,155,233 +13.2%
Show Debt Instrument breakouts
Commercial Banks [Member] 629.9 217.9 +189.1%
Commercial Banks [Member] · 4.87% Term loan Due 2026 39.9 39.9 0.0%
Commercial Banks [Member] · Commercial Paper 590
Commercial Banks [Member] · Term loan, due 2024 full value 40
Senior Unsecured Notes [Member] 2,940.3 2,937.3 +0.1%
Senior Unsecured Notes [Member] · 2.91% Notes due 2030 746.8 746 +0.1%
Senior Unsecured Notes [Member] · 3.41% Notes due 2049 297 296.9 0.0%
Senior Unsecured Notes [Member] · 3.67% Notes due 2029 597.4 596.8 +0.1%
Senior Unsecured Notes [Member] · 3.74% Notes Due 2028 399.4 399.1 +0.1%
Senior Unsecured Notes [Member] · 5.00% Note, Due 2026 504 503.3 +0.1%
Senior Unsecured Notes [Member] · 5.06% Notes, Due 2034 395.7 395.2 +0.1%
Secured Debt 330,597 330,358 +0.1%
Show Debt Instrument breakouts
Secured Debt · 3.78% - 4.04% Conventional Mortgage Notes, due 2026 - 2028 291.5 291.4 0.0%
Secured Debt · 3.87% note, due 2028 39.1 39 +0.3%
Distributions Payable 114,971 113,549 +1.3%
Other Liabilities 248,506 212,107 +17.2%
Minority Interest 75,730 71,991 +5.2%
Stockholders' Equity
Common Stocks Value Outstanding 1,157 1,158 -0.1%
Additional Paid In Capital Common Stock 5,948,938 5,930,729 +0.3%
Accumulated Distributions In Excess Of Net Income -969,240 -897,931 -7.9%
Treasury Stock Value -620,497 -359,732 -72.5%
Accumulated Other Comprehensive Income 2,165 974 +122.3%
Total Stockholders' Equity 4,362,523 4,675,198 -6.7%
Stockholders Equity Including Portion Attributable To Noncontrolling Interest 4,438,253 4,747,189 -6.5%
Show Equity Components breakouts
Accumulated Distributions In Excess Of Net Income -969,240 -897,931 -7.9%
Accumulated Other Comprehensive Income 2,165 974 +122.3%
Additional Paid In Capital 5,948,938 5,930,729 +0.3%
Common Stock 1,157 1,158 -0.1%
Noncontrolling Interest 75,730 71,991 +5.2%
Treasury Stock Common -620,497 -359,732 -72.5%
Total Liabilities & Equity 9,042,989 8,852,144 +2.2%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation & Amortization 611,025 582,014 +5.0%
Gain Loss On Disposition Of Assets1 -260,910 -43,806 -495.6%
Stock-Based Compensation 16,959 15,166 +11.8%
Other Operating Activities Cash Flow Statement 51,733 8,754 +491.0%
Net Cash from Operations 826,621 774,877 +6.7%
Other Non-Cash Items 5,466 3,880 +40.9%
Investing Activities
Payments To Develop Real Estate Assets -440,402 -393,735 -11.9%
Payments To Acquire Real Estate -419,226
Show Real Estate And Accumulated Depreciation Description Of Property breakouts
Camden Clearwater, Camden West Nashville, Camden Leander, Camden Lake Buena Vista [Domain] -422.9
Proceedsfromsaleofoperatingpropertiesincludingland 365,906 114,474 +219.6%
Payments To Acquire Other Property Plant And Equipment -2,445 -3,800 +35.7%
Other Investing Activities -3,372 -2,169 -55.5%
Net Cash from Investing -499,539 -285,230 -75.1%
Dividends 114,971 113,549 +1.3%
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans 27,542 25,134 +9.6%
Accrual Associated With Construction And Capital Expenditures 31,487 24,097 +30.7%
Right Of Use Asset Obtained In Exchange For Operating Lease Liability 22,005
Show Operating Property Name [Axis] breakouts
Williams Tower 8.9
Financing Activities
Proceeds From Lines Of Credit 588,000 586,000 +0.3%
Repayments Of Lines Of Credit -766,000 -408,000 -87.7%
Proceeds From Repayments Of Commercial Paper 588,108
Payments Of Dividends -460,950 -450,965 -2.2%
Payments Of Financing Costs -2,386 -2,878 +17.1%
Share Repurchases -270,654 -49,997 -441.3%
Proceeds From Payments For Other Financing Activities 1,833 4,403 -58.4%
Net Cash from Financing -322,049 -725,485 +55.6%
Supplemental
Interest Paid 139,625 129,637 +7.7%
Income Taxes Paid 3,482 2,816 +23.7%
Other Cash Flow
Net Change in Cash 5,033 -235,838 +102.1%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 37,242 32,209 +15.6%

Values in thousands USD. Source: SEC EDGAR 10-K filing.

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