AI Takeaway
CPT delivered a strong FY2025 with net income surging 135.4% to $384.5M and EPS doubling to $3.54, driven by significantly higher revenue, while long-term debt rose 11.9% to $3.9B reflecting continued investment activity.
Revenue
$12.97M
++81.69% YoY
EPS (Basic)
$3.54
++136.00% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-K filing
Revenue jumped 81.7% year-over-year to approximately $13.0M (as reported in XBRL), though the scale of cost of revenue at $566.7M suggests the primary income driver is property operations rather than this line item alone, consistent with a REIT structure where rental income is the core revenue source.
Source: Source: 10-K Financial Data, Income Statement
Net income rose 135.4% to $384.5M in FY2025 from $163.3M in the prior year, reflecting improved operating performance and potentially gains from property transactions or reduced impairments, driving EPS (basic and diluted) to $3.54 from $1.50.
Source: Source: 10-K Financial Data, Income Statement
Operating cash flow grew 6.7% to $826.6M, demonstrating solid recurring cash generation, while investing cash outflows deepened 75.1% to -$499.5M, signaling meaningful capital deployment into acquisitions or development projects during FY2025.
Source: Source: 10-K Financial Data, Cash Flow Statement
2 more insights available
Upgrade to unlockLong-term debt increased to $3.9B in FY2025, up 11.9% year-over-year, raising the debt-to-equity ratio to 1.06x. As a REIT with significant floating or refinanceable debt, CPT faces meaningful interest rate risk that could increase financing costs and pressure distributable cash flow if rates remain elevated.
Source: Source: 10-K Financial Data, Balance Sheet & Cash Flow Statement
Unlock 4 more detailed risk analysis
Upgrade to unlockReported EPS of $1.44 versus the $0.35 analyst consensus — a +308.9% beat for FY2025.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $12.97M | $7.14M | +81.69% |
Cost of Revenue | $566.71M | $558.8M | +1.41% |
Net Income | $384.46M | $163.29M | +135.44% |
EPS (Basic) | $3.54 | $1.50 | +136.00% |
EPS (Diluted) | $3.54 | $1.50 | +136.00% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $9.04B | $8.85B | +2.16% |
Total Liabilities | $4.6B | $4.1B | +12.18% |
Stockholders' Equity | $4.36B | $4.68B | -6.69% |
Cash & Equivalents | $25.2M | $21.05M | +19.76% |
Long-Term Debt | $3.9B | $3.49B | +11.91% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $826.62M | $774.88M | +6.68% |
Investing Cash Flow | $-499.54M | $-285.23M | -75.14% |
Financing Cash Flow | $-322.05M | $-725.49M | +55.61% |
Dividends Paid | $460.95M | $450.96M | +2.21% |
Share Buybacks | $270.65M | $50M | +441.34% |
D&A | $611.02M | $582.01M | +4.98% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 2964.9% | — | — |
ROE | 8.8% | — | — |
ROA | 4.3% | — | — |
Debt to Equity | $1.056 | — | — |
Other companies in Multi-Family Residential REITs
CPT had a strong FY2025, with net income surging 135.4% to $384.5M and EPS rising to $3.54 from $1.50 in the prior year. Operating cash flow also grew 6.7% to $826.6M, reflecting solid recurring cash generation from the apartment portfolio.
The key takeaways from CPT's FY2025 10-K are the dramatic improvement in net income (up 135.4%), a major increase in share buybacks (up 441.3% to $270.7M), and a notable rise in long-term debt to $3.9B. The company also significantly increased its investing activity, with cash outflows nearly doubling to $499.5M, suggesting active portfolio expansion.
CPT paid $461.0M in dividends in FY2025, a modest 2.2% increase from $451.0M in the prior year, consistent with its REIT obligation to distribute income to shareholders. Additionally, the company dramatically increased share buybacks to $270.7M, up 441.3% year-over-year, boosting total capital returns.
Based on the financial data, key risks for CPT include rising leverage (long-term debt up 11.9% to $3.9B with a debt-to-equity ratio of 1.06x), very low cash reserves of only $25.2M relative to its debt load, and heavy capital expenditure requirements with investing outflows of $499.5M. These factors increase CPT's sensitivity to interest rate changes and capital market conditions.
CPT enters the next fiscal year with strong operating cash flow of $826.6M and significantly improved net income of $384.5M, but carries elevated long-term debt of $3.9B and minimal cash of $25.2M. Stockholders' equity declined 6.7% to $4.36B, and the debt-to-equity ratio rose to 1.06x, suggesting investors should monitor leverage and refinancing risk closely.