A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Camden Property Trust reported Q2 FY2026 fee revenue of $3.13M (+18.9% YoY) and net income of $18.79M (-76.7% YoY), heavily impacted by a tough comparison against prior-year property sale gains and a $53.0M legal settlement.
Revenue
$3.13M
+18.91% YoY
EPS (Diluted)
$0.18
-75.68% YoY
Camden Property Trust (CPT) reported Q2 FY2026 revenue of $3.13M, up 18.9% year over year. The company posted net income of $18.79M, down 76.7% from a year earlier, with diluted EPS of $0.18. CPT's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Camden Property Trust (CPT) recorded Q2 FY2026 fee revenue of $3.13M (+18.9% YoY) and net income of $18.79M (-76.7% YoY), impacted by a $53.0M legal settlement and prior-year gain comparisons.
Last 4 quarters: 4 beats
Adjusted (non-GAAP) EPS of $1.68 versus the $0.23 analyst consensus — a +631.1% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.18.
Camden executed a definitive settlement agreement to resolve the RealPage class action litigation for $53.0 million, paying the first installment of $26.5 million in Q2 FY2026 and scheduling the remaining $26.5 million installment for Q3 2026.
Source: 10-Q Item 2 MD&A
In the six months ended June 30, 2026, Camden acquired five operating properties for $449.3M and sold one operating property in Irving, TX for $77.0M (recognizing a $67.9M gain). Additionally, 11 California properties with net real estate assets of $625.3M were held for sale at quarter-end and subsequently sold in July 2026 for approximately $1.6B.
Source: 10-Q Item 2 MD&A
Camden had three properties under construction comprising 1,162 apartment homes with a total estimated cost of $492.0M ($351.9M incurred through June 30, 2026, leaving $140.1M remaining to complete).
Source: 10-Q Item 2 MD&A
In February 2026, Camden issued $600.0M of 4.90% senior unsecured notes due 2036. Through June 30, 2026, Camden repurchased 2,965,359 common shares for $302.1M under its February 2026 plan, leaving $297.9M available for future repurchases.
Source: 10-Q Item 2 MD&A
Total liabilities increased 25.1% YoY to $5.58B with long-term debt rising to $4.85B. Higher average outstanding debt balances drove Q2 FY2026 interest expense up 17.1% YoY to $41.4M.
Source: 10-Q Item 2 MD&A
The company recorded significant non-operating expenses due to a $53.0M legal settlement of the RealPage class action matter, which requires a remaining $26.5M cash payment in Q3 2026.
Source: 10-Q Item 2 MD&A
Stockholders' equity declined 17.1% YoY to $3.80B due to share repurchases and lower retained earnings, raising the debt-to-equity ratio to 1.47.
Source: 10-Q Balance Sheet (XBRL)
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
Camden Property Trust (CPT) is next expected to report on , when the following quarter's results and any updated outlook will be available.
See the CPT earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $3.13M | $2.63M | +18.91% |
Net Income | $18.79M | $80.67M | -76.71% |
EPS (Basic) | $0.18 | $0.74 | -75.68% |
EPS (Diluted) | $0.18 | $0.74 | -75.68% |
In Q2 FY2026, Camden Property Trust generated fee revenue of $3.13M (+18.9% YoY) and net income of $18.79M (-76.7% YoY), representing diluted EPS of $0.18. Total property Net Operating Income (NOI) came in at $252.0M, down 0.3% YoY.
The drop in net income was driven by the presence of a $47.3M gain on property sale in Q2 2025 that did not recur in Q2 2026, $6.0M in higher interest expense, and expenses related to a $53.0M legal settlement.
Camden acquired five operating properties for $449.3M and two land parcels for $45.0M during the first half of FY2026. Additionally, 11 California properties held for sale at quarter-end were subsequently sold in July 2026 for approximately $1.6B.
Camden spent $144.1M repurchasing 1,429,136 common shares in Q2 FY2026, bringing cumulative year-to-date share buybacks to $433.0M through June 30, 2026, alongside $227.1M in dividends paid.
Camden Property Trust (CPT) is next expected to report earnings on Nov 4, 2026. The date comes from the analyst earnings calendar and can shift until the company confirms it.
Expected release date, analyst estimates & what to watch
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.
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.
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