Slides
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1Q25 Earnings CallCamden Property Trust
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CAMDEN LEANDER Leander, Texas 352 UNITS $68M IN LEASE-UP
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CAMDEN WEST NASHVILLE Nashville, Tennessee 435 UNITS $131M ~94% OCCUPIED
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CAMDEN NATIONS Nashville, Tennessee 393 UNITS $184M UNDER CONSTRUCTION
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DEVELOPMENT COMMUNITIES IN LEASE-UP CAMDEN WOODMILL CREEK Spring, Texas 189 UNITS $72M ~92% OCCUPIED CAMDEN LONG MEADOW FARMS Richmond, Texas 188 UNITS $72M ~62% OCCUPIED
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DEVELOPMENT COMMUNITIES IN LEASE-UP CAMDEN DURHAM Durham, North Carolina 420 UNITS $145M ~82% OCCUPIED CAMDEN VILLAGE DISTRICT Raleigh, North Carolina 369 UNITS $138M ~8% OCCUPIED
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2025 ACQUISITIONS AND DISPOSITIONS DISPOSITIONS $750M ACQUISITIONS $750M Midpoint of Guidance Range
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2025 DEVELOPMENTS DEVELOPMENT STARTS $175M $675MTO Guidance Range
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COMMERCIAL PAPER PROGRAM • $600M CAPACITY • $426M OUTSTANDING AT 3/31/25 • LINE OF CREDIT SERVES AS LIQUIDITY BACKSTOP
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1Q25 CORE FFO PER SHARE $1.72 1Q25 ACTUAL RESULTS 1Q25 GUIDANCE MIDPOINT $1.68 4¢ per share from 2.0¢ LOWER BAD DEBT, AND HIGHER OCCUPANCY AND OTHER INCOME 1.0¢ TIMING OF REPAIR & MAINTENANCE EXPENSES AND PROPERTY TAX REFUNDS 1.0¢ LOWER INTEREST EXPENSE AND OTHER INCOME/EXPENSE TIMING 4.0¢
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2025 EXPECTED CORE FFO PER SHARE $6.75 Midpoint of Guidance Range $6.78 2025 UPDATED GUIDANCE MIDPOINT 2025 PRIOR GUIDANCE MIDPOINT 3¢ per share from 3.0¢ PRIMARILY LOWER INTEREST EXPENSE FROM NEW COMMERCIAL PAPER PROGRAM
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2Q25 EXPECTED CORE FFO PER SHARE $1.69 Midpoint of Guidance Range $1.72 1Q25 ACTUAL RESULTS 2Q25 GUIDANCE MIDPOINT 3¢ per share from ( 2.0¢) REPAIR & MAINTENANCE EXPENSES AND ANNUAL SALARY INCREASES ( 2.0¢) INTEREST EXPENSE FROM HIGHER BORROWINGS ( 1.0¢) TIMING OF PUBLIC COMPANY FEES 2.0¢ ADDITIONAL EARNINGS FROM DEVELOPMENT AND NET ACQUISITIONS ( 3.0¢)
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Camden Property Trust 1Q25 Earnings Call