Company Profile For Camden Property Trust

Camden Property Trust (CPT.N) (New York Stock Exchange)

sector: Financials · industry: REIT - Residential & Commercial ·

As of 10:10pm IST

38.61USD

Price Change

+0.38

Percent Change

+0.99%

Analyst Recommendations

Overview

Camden Property Trust is a real estate investment trust (REIT) engaged in the ownership, development, construction and management of multi-family apartment communities. As of December 31, 2008, the Company owned interests in, operated or were developing 186 multi-family properties comprising 64,329 apartment homes across the United States. As of December 31, 2008, the Company had 1,426 apartment homes under development at five of its multi-family properties, including 1,060 apartment homes at four multi-family properties owned through joint ventures, in which the Company owns an interest. In addition, one property consisting of 671 apartment homes were designated as held for sale. In March 2008, the Company sold Camden Amber Oaks, a development community in Austin, Texas, to the Camden Multifamily Value Add Fund, L.P. (the Fund).

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Camden Property Trust's revenues increased 1% to $470.9M. Net income from continuing operations decreased 50% to $10.3M. Revenues reflect an increase in other property revenues. Net income was offset by increased property operating & maintenance expenses, higher real estate taxes, an increase in amortization of deferred financing costs and an increase in depreciation & amortization expense.