AI Takeaway
Camden Property Trust (CPT) delivered a 9.3% increase in net income to $42.4M in Q1 2026 despite a 13.8% revenue decline, while long-term debt rose 13.8% to $4.25B and stockholders' equity fell 12.7% year-over-year.
Revenue
$2.14M
-13.83% YoY
EPS (Basic)
$0.40
++11.11% YoY
Filed · Source: SEC EDGAR 10-Q filing
Revenue fell 13.8% year-over-year from $2.49M to $2.14M (in thousands), suggesting potential asset dispositions or reduced rental income, though net income improved 9.3% to $42.4M, indicating improved operating efficiency or gains from property transactions.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
Net income grew 9.3% to $42.4M and basic/diluted EPS rose 11.1% to $0.40, outpacing the revenue decline and pointing to meaningful cost reductions or non-operating income contributions during the quarter.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
Operating cash flow remained essentially flat at $148.1M (vs. $148.2M prior year), demonstrating consistent cash generation from core apartment operations despite the revenue decline, with D&A of $150M supporting cash flow stability.
Source: Source: 10-Q Cash Flow Statement (XBRL Financial Data)
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Upgrade to unlockLong-term debt surged 13.8% year-over-year to $4.25B, and total liabilities rose 15.1% to $4.95B. With stockholders' equity declining 12.7% to $4.03B, the debt-to-equity ratio now stands at 1.23x, increasing CPT's sensitivity to interest rate movements and refinancing risk.
Source: Source: 10-Q Balance Sheet (XBRL Financial Data)
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Upgrade to unlockReported EPS of $0.40 versus the $0.28 analyst consensus — a +43.4% beat for Q1 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $2.14M | $2.49M | -13.83% |
Net Income | $42.45M | $38.82M | +9.34% |
EPS (Basic) | $0.40 | $0.36 | +11.11% |
EPS (Diluted) | $0.40 | $0.36 | +11.11% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $9.06B | $8.99B | +0.74% |
Total Liabilities | $4.95B | $4.31B | +15.07% |
Stockholders' Equity | $4.03B | $4.61B | -12.70% |
Cash & Equivalents | $40.68M | $26.18M | +55.39% |
Long-Term Debt | $4.25B | $3.74B | +13.78% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $148.1M | $148.22M | -0.07% |
Investing Cash Flow | $-20.03M | $-275.94M | +92.74% |
Financing Cash Flow | $-35.02M | $133.31M | -126.27% |
Dividends Paid | $114.95M | $113.54M | +1.24% |
Share Buybacks | $262.83M | $0 | — |
D&A | $150M | $149.25M | +0.50% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 1980.8% | — | — |
ROE | 1.1% | — | — |
ROA | 0.5% | — | — |
Debt to Equity | $1.23 | — | — |
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Camden Property Trust reported Q1 2026 net income of $42.4M, up 9.3% year-over-year, with basic and diluted EPS of $0.40, an 11.1% improvement. However, revenue declined 13.8% year-over-year, which may reflect asset dispositions or changes in the portfolio composition.
The key takeaways are: net income and EPS grew despite a revenue decline; operating cash flow remained stable at $148.1M; and CPT executed $262.8M in share buybacks while long-term debt rose 13.8% to $4.25B, significantly increasing financial leverage.
CPT paid $114.9M in dividends in Q1 2026, a modest 1.2% increase from $113.5M in Q1 2025. However, combined dividend and buyback capital returns of approximately $377.8M exceeded operating cash flow of $148.1M, suggesting reliance on asset sales or borrowing to fund total capital returns.
CPT's financial health shows mixed signals: cash grew 55.4% to $40.7M and operating cash flow was stable at $148.1M, but long-term debt rose 13.8% to $4.25B and stockholders' equity fell 12.7% to $4.03B, pushing the debt-to-equity ratio to 1.23x. The balance sheet is more leveraged than a year ago.
CPT's revenue declined 13.8% year-over-year to approximately $2.14M (in thousands) in Q1 2026, though the specific drivers — such as property dispositions, lease-up timing, or market softness — are not detailed in the available XBRL data. Investors should review the MD&A section of the full 10-Q filing for management's explanation of the revenue change.