Camden Property Trust

Camden Property Trust is a leading publicly traded Real Estate Investment Trust (REIT) specializing in the ownership, management, development, and acquisition of multifamily apartment communities across the United States. Founded in 1982 and headquartered in Houston, Texas, Camden has grown into one of the largest apartment-focused REITs in the nation, with a portfolio of 175 properties comprising approximately 59,210 apartment homes as of December 2024. The company trades on the New York Stock Exchange under the ticker symbol CPT and is a member of the S&P 500 index, with a market capitalization of $12.2 billion and annual revenue of $1.54 billion in 2024.

Camden's strategic focus centers on high-growth Sunbelt markets characterized by strong employment growth, favorable demographics, and positive migration trends. Approximately 30% of the company's properties are located in Texas, with the remainder spread across premier markets in Florida, North Carolina, Arizona, Georgia, and Washington. This geographic positioning allows Camden to capitalize on population shifts toward warmer climates and business-friendly states while maintaining diversification across multiple metropolitan areas. The company's properties feature modern amenities including state-of-the-art fitness centers, resort-style pools, pet-friendly spaces, and technology-enabled features designed to attract and retain quality residents.

Under the continuous leadership of CEO Ric Campo, who has helmed the company since its 1993 initial public offering, Camden has built a reputation for operational excellence and a distinctive people-first culture. The company has been recognized as a Fortune 100 Best Companies to Work For® for 18 consecutive years (2024 marking the 17th year), ranking #1 in both Fortune Best Workplaces in Texas and Fortune Best Workplaces in Real Estate. This cultural strength translates into high employee retention, superior property management, and industry-leading resident satisfaction scores. Camden employs approximately 1,650 team members who collectively manage the company's $15 billion portfolio while delivering "Living Excellence" to residents across every touchpoint.

Camden's growth strategy combines strategic acquisitions, ground-up development, and value-creation through property improvements and operational efficiencies. In 2024, the company completed $338 million in acquisitions and $289 million in new development projects while disposing of $174 million in non-core assets. Looking forward to 2025, management has announced plans for approximately $750 million each in acquisitions and dispositions, focusing on simple garden-style suburban construction rather than complex urban mid-rise projects. The company maintains a disciplined capital allocation approach, balancing growth investments with consistent dividend payments to shareholders. Camden's dividend yield stands at approximately 3.96% with a history of annual increases, supported by a healthy 62% payout ratio and strong funds from operations (FFO) generation of $6.79-$6.83 per share projected for 2024.