Camden: Q1 Earnings Snapshot
By AP News
Published - Apr 27, 2023, 04:54 PM ET
Last Updated - Jun 22, 2023, 02:40 AM EDT
HOUSTON (AP) — HOUSTON (AP) — Camden Property Trust (CPT) on Thursday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
The real estate investment trust, based in Houston, said it had funds from operations of $183 million, or $1.66 per share, in the period.
The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of $1.68 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
