Camden Property Trust (CPT) financial statements: income statement, balance sheet and cash flow
Camden Property Trust's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Camden Property Trust reported net income of $394.9M (+131.2% year on year).
Income statement
Camden Property Trust income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Property revenues
$1.6B
$1.5B
$1.5B
$1.4B
Property operating and maintenance
$369.9M
$365.7M
$353.9M
$315.7M
Real estate taxes
$196.8M
$193.1M
$195.0M
$182.3M
Total property expenses
$566.7M
$558.8M
$548.9M
$498.1M
Fee and asset management
$13.0M
$7.1M
$3.5M
$5.2M
Interest and other income
$256.0K
$4.4M
$879.0K
$3.0M
Income on deferred compensation plans
$19.3M
$12.6M
$15.4M
($19.6M)
Total non-property income
$32.5M
$24.2M
$19.7M
($11.4M)
Property management
$37.5M
$38.3M
$33.7M
$28.6M
Fee and asset management
$3.1M
$2.2M
$1.7M
$2.5M
General and administrative
$79.3M
$72.4M
$62.5M
$60.4M
Interest
$138.2M
$129.8M
$133.4M
$113.4M
Depreciation and amortization
$611.0M
$582.0M
$574.8M
$577.0M
Expense on deferred compensation plans
$19.3M
$12.6M
$15.4M
($19.6M)
Total other expenses
$888.4M
$837.4M
$821.5M
$762.3M
Impairment associated with land development activities
($12.9M)
($41.0M)
—
—
Loss on early retirement of debt
$0
($921.0K)
($2.5M)
$0
Gain on sale of operating properties
$260.9M
$43.8M
$225.4M
$36.4M
Income from continuing operations before income taxes
$398.9M
$173.8M
$414.2M
$664.5M
Income tax expense
($4.0M)
($2.9M)
($3.6M)
($3.0M)
Net income attributable to common shareholders
$384.5M
$163.3M
$403.3M
$653.6M
Total earnings per common share – basic
$3.54
$1.50
$3.71
$6.07
Total earnings per common share – diluted
$3.54
$1.50
$3.70
$6.04
Weighted average number of common shares outstanding – basic
108.4M
108.5M
108.7M
107.6M
Weighted average number of common shares outstanding – diluted
108.4M
108.5M
109.4M
108.4M
Net income
$394.9M
$170.8M
$410.6M
$661.5M
Unrealized gain/(loss) on cash flow hedging activities
$0
$85.0K
($728.0K)
—
Unrealized loss and unamortized prior service cost on post retirement obligation
($212.0K)
($18.0K)
($183.0K)
$489.0K
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation
$1.4M
$2.2M
$1.4M
$1.5M
Comprehensive income
$396.1M
$173.1M
$411.1M
$663.5M
Net income allocated to non-controlling interests
($10.4M)
($7.5M)
($7.2M)
($7.9M)
Comprehensive income attributable to common shareholders
$385.7M
$165.5M
$403.8M
$655.6M
Camden Property Trust income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Property revenues
$392.9M
$388.8M
$395.7M
$396.5M
Property operating and maintenance
$91.3M
$90.2M
$96.6M
$93.0M
Real estate taxes
$49.6M
$49.9M
$49.0M
$50.6M
Total property expenses
$140.9M
$140.1M
$145.7M
$143.7M
Fee and asset management
$3.1M
$2.1M
$2.6M
$2.6M
Interest and other income
$129.0K
$253.0K
$78.0K
$68.0K
Income on deferred compensation plans
$12.6M
($1.2M)
$6.7M
$8.3M
Total non-property income
$15.9M
$1.2M
$9.4M
$11.1M
Property management
$10.1M
$10.3M
$8.9M
$9.7M
Fee and asset management
$1.8M
$661.0K
$965.0K
$641.0K
General and administrative
$22.3M
$14.7M
$19.6M
$21.2M
Interest
$41.4M
$37.4M
$35.0M
$35.4M
Depreciation and amortization
$157.1M
$150.0M
$159.5M
$152.1M
Expense on deferred compensation plans
$12.6M
($1.2M)
$6.7M
$8.3M
Other non-operating expenses
$400.0K
$60.9M
—
—
Total other expenses
$245.9M
$272.7M
$230.7M
$227.4M
Gain on sale of operating property, including land
$0
$68.1M
$85.6M
$47.3M
Income from continuing operations before income taxes
$22.0M
$45.3M
$114.4M
$83.8M
Income tax expense
($1.3M)
($938.0K)
($780.0K)
($1.2M)
Net income attributable to common shareholders
$18.8M
$42.4M
$108.9M
$80.7M
Earnings per share – basic
$0.18
$0.40
$1.00
$0.74
Earnings per share – diluted
$0.18
$0.40
$1.00
$0.74
Weighted average number of common shares outstanding – basic
102.3M
104.8M
108.5M
108.6M
Weighted average number of common shares outstanding – diluted
102.4M
104.9M
108.6M
109.4M
Net income
$20.7M
$44.4M
$113.6M
$82.6M
Reclassification of net loss on cash flow hedging activities, prior service cost and net loss on post retirement obligation
$251.0K
$357.0K
$351.0K
$351.0K
Comprehensive income
$21.0M
$44.7M
$113.9M
$82.9M
Net income allocated to non-controlling interests
($1.9M)
($1.9M)
($4.6M)
($1.9M)
Comprehensive income attributable to common shareholders
$19.0M
$42.8M
$109.3M
$81.0M
Balance sheet
Camden Property Trust balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Land
$1.8B
$1.7B
$1.7B
$1.7B
Buildings and improvements
$11.8B
$11.3B
$11.0B
$10.7B
Real estate assets, at cost, total
$13.6B
$13.0B
$12.7B
$12.4B
Accumulated depreciation
($5.3B)
($4.9B)
($4.3B)
($3.8B)
Net operating real estate assets
$8.3B
$8.2B
$8.4B
$8.5B
Properties under development and land
$419.2M
$401.5M
$486.9M
$525.0M
Total real estate assets
$8.7B
$8.6B
$8.9B
$9.1B
Accounts receivable – affiliates
$8.9M
$9.0M
$11.9M
$13.4M
Other assets, net
$293.3M
$234.8M
$244.2M
$229.4M
Cash and cash equivalents
$25.2M
$21.0M
$259.7M
$10.7M
Restricted cash
$12.0M
$11.2M
$8.4M
$6.8M
Total assets
$9.0B
$8.9B
$9.4B
$9.3B
Unsecured notes payable
$3.6B
$3.2B
$3.4B
$3.2B
Secured Debt
$330.6M
$330.4M
$330.1M
$515.0M
Accounts payable and accrued expenses
$248.1M
$215.2M
$222.6M
$211.4M
Accrued real estate taxes
$92.4M
$78.5M
$96.5M
$95.6M
Distributions payable
$115.0M
$113.5M
$110.4M
$103.6M
Other liabilities
$248.5M
$212.1M
$187.0M
$179.6M
Total liabilities
$4.6B
$4.1B
$4.3B
$4.3B
Common shares of beneficial interest; $0.01 par value per share; 175,000,000 shares authorized; 117,737,767 and 117,737,740 issued at December 31, 2025 and 2024, respectively; 115,711,964 and 115,779,233 outstanding at December 31, 2025 and 2024, respectively
$1157000.00
$1158000.00
$1156000.00
$1156000.00
Additional paid-in capital
$5.9B
$5.9B
$5.9B
$5.9B
Distributions in excess of net income attributable to common shareholders
($969.2M)
($897.9M)
($613.7M)
($581.5M)
Treasury shares, at cost (11,373,251 and 9,091,081 common shares, at December 31, 2025 and 2024, respectively)
-620.5M
-359.7M
-320.4M
-328.7M
Accumulated other comprehensive income
$2.2M
$974.0K
($1.3M)
($1.8M)
Total common equity
$4.4B
$4.7B
$5.0B
$5.0B
Non-controlling interests
$75.7M
$72.0M
$71.0M
$70.3M
Total equity
$4.4B
$4.7B
$5.1B
$5.1B
Total liabilities and equity
$9.0B
$8.9B
$9.4B
$9.3B
Camden Property Trust balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Land
$1.7B
$1.8B
$1.8B
$1.8B
Buildings and improvements
$11.3B
$11.8B
$11.8B
$11.8B
Real estate assets, at cost, total
$13.0B
$13.6B
$13.6B
$13.6B
Accumulated depreciation
($5.0B)
($5.4B)
($5.2B)
($5.1B)
Net operating real estate assets
$8.0B
$8.2B
$8.4B
$8.4B
Properties under development and land
$500.1M
$458.0M
$384.1M
$380.4M
Total real estate assets
$8.5B
$8.6B
$8.8B
$8.8B
Accounts receivable – affiliates
$8.1M
$8.1M
$8.9M
$8.9M
Other assets, net
$314.2M
$285.5M
$255.3M
$262.1M
Cash and cash equivalents
$44.7M
$40.7M
$25.9M
$33.1M
Restricted cash
$10.7M
$89.6M
$11.4M
$11.5M
Real estate and other assets held for sale
$625.3M
—
—
—
Total assets
$9.5B
$9.1B
$9.1B
$9.1B
Unsecured notes payable
$4.5B
$3.9B
$3.4B
$3.5B
Secured notes payable
$318.8M
$318.7M
$330.5M
$330.5M
Accounts payable and accrued expenses
$248.4M
$269.6M
$233.0M
$206.0M
Accrued real estate taxes
$99.3M
$59.8M
$129.7M
$92.0M
Distributions payable
$110.4M
$112.2M
$115.5M
$116.0M
Other liabilities
$265.0M
$262.7M
$225.0M
$219.6M
Liabilities held for sale
$6.4M
—
—
—
Total liabilities
$5.6B
$5.0B
$4.4B
$4.5B
Common shares of beneficial interest; $0.01 par value per share; 175,000,000 shares authorized; 117,737,779 and 117,737,767 issued at June 30, 2026 and December 31, 2025, respectively; 115,732,578 and 115,711,964 outstanding at June 30, 2026 and December 31, 2025, respectively
$1157000.00
$1157000.00
$1157000.00
$1157000.00
Additional paid-in capital
$6.0B
$5.9B
$5.9B
$5.9B
Distributions in excess of net income attributable to common shareholders
($1.1B)
($1.0B)
($1.0B)
($1.0B)
Treasury shares, at cost (15,191,591 and 11,373,251 common shares at June 30, 2026 and December 31, 2025, respectively)
-1.0B
-886.1M
-400.2M
-350.2M
Accumulated other comprehensive income
$2.8M
$2.5M
$2.0M
$1.7M
Total common equity
$3.8B
$4.0B
$4.5B
$4.6B
Non-controlling interests
$76.2M
$76.0M
$75.5M
$72.5M
Total equity
$3.9B
$4.1B
$4.6B
$4.7B
Total liabilities and equity
$9.5B
$9.1B
$9.1B
$9.1B
Cash flow statement
Camden Property Trust cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$394.9M
$170.8M
$410.6M
$661.5M
Depreciation and amortization
$611.0M
$582.0M
$574.8M
$577.0M
Loss on early retirement of debt
$0
$921.0K
$2.5M
$0
Gain on sale of operating properties
($260.9M)
($43.8M)
($225.4M)
($36.4M)
Impairment associated with land development activities
$12.9M
$41.0M
—
—
Share-based compensation
$17.0M
$15.2M
$14.5M
$12.8M
Net change in operating accounts and other
$51.7M
$8.8M
$18.0M
$3.9M
Net cash from operating activities
$826.6M
$774.9M
$795.0M
$744.7M
Development and capital improvements, including land
($440.4M)
($393.7M)
($410.9M)
($449.4M)
Acquisition of operating properties
($419.2M)
$0
$0
($1.1B)
Net proceeds from sales of operating properties
$365.9M
$114.5M
$290.7M
$70.5M
Increase in non-real estate assets
($2.4M)
($3.8M)
($5.6M)
($4.4M)
Other
($3.4M)
($2.2M)
($1.3M)
($6.8M)
Net cash from investing activities
($499.5M)
($285.2M)
($127.1M)
($1.5B)
Borrowings on unsecured revolving credit facility
$588.0M
$586.0M
$1.3B
$758.0M
Repayments on unsecured revolving credit facility
($766.0M)
($408.0M)
($1.4B)
($716.0M)
Proceeds from (Repayments of) Commercial Paper
$588.1M
—
—
—
Repayment of notes payable, including prepayment penalties
$0
($800.0M)
($437.7M)
($350.0M)
Proceeds from notes payable
$0
$396.0M
$498.2M
$300.0M
Distributions to common shareholders and non-controlling interests
($460.9M)
($451.0M)
($434.9M)
($396.8M)
Payment of deferred financing costs
($2.4M)
($2.9M)
($3.1M)
($10.9M)
Repurchase of common shares
-270.7M
-50.0M
—
—
Other
$1.8M
$4.4M
$2.3M
$8.9M
Net cash from financing activities
($322.0M)
($725.5M)
($417.2M)
$109.9M
Net increase (decrease) in cash, cash equivalents, and restricted cash
$5.0M
($235.8M)
$250.6M
($601.5M)
Cash, cash equivalents, and restricted cash, beginning of year
$32.2M
$268.0M
$17.4M
$619.0M
Cash, cash equivalents, and restricted cash, end of year
$37.2M
$32.2M
$268.0M
$17.4M
Cash and cash equivalents
$25.2M
$21.0M
$259.7M
$10.7M
Restricted cash
$12.0M
$11.2M
$8.4M
$6.8M
Total cash, cash equivalents, and restricted cash
$37.2M
$32.2M
$268.0M
$17.4M
Cash paid for interest, net of interest capitalized
$139.6M
$129.6M
$128.9M
$111.1M
Cash paid for income taxes
$3.5M
$2.8M
$3.6M
$3.2M
Distributions declared but not paid
$115.0M
$113.5M
$110.4M
$103.6M
Value of shares issued under benefit plans, net of cancellations
27.5M
25.1M
24.9M
21.5M
Accrual associated with construction and capital expenditures
$31.5M
$24.1M
$23.7M
$20.2M
Right-of-use assets obtained in exchange for the use of new operating lease liabilities