Camden Property Trust (CPT) 10-K Summary — Year Ended Dec 31, 2023

Camden Property Trust reported its annual financial results for the latest fiscal year. The company experienced a decline in revenue while maintaining positive net income and strong operating cash flow.

Key takeaway

Year ended Dec 31, 2023 · FY2025 10-K

Financial snapshot

Selected annual figures reported with the filing, shown separately from the narrative summary.

Annual revenue

$3.5M

Revenue reported for the fiscal year.

Operating income

n/a

Income from operations reported for the year.

Net income

$403.3M

Net income reported for the year.

Operating cash flow

$795M

Cash generated by operating activities.

Annual revenue trend

Reported annual revenue and its change from the preceding fiscal year.

Period ended	Revenue	Year-over-year change
Dec 31, 2021	$10.5M	n/a
Dec 31, 2022	$5.2M	-50.7%
Dec 31, 2023	$3.5M	-33.5%

Business overview

The company is a real estate investment trust that owns and operates a portfolio of residential properties. Its business focuses on generating rental income and managing property operations.

Financial performance

Revenue decreased compared to the prior year, while net income remained positive. Operating cash flow was sufficient to support operational needs.

Material risks

The filing highlights risks related to real estate market conditions, interest rate fluctuations, and operational challenges. These factors could affect property valuations and rental income.

Liquidity and capital

The company maintains a conservative capital structure with a focus on managing debt maturities and interest rate exposure. It aims to generate positive cash flows from operations to support liquidity.

What to watch

Monitor the company's revenue trend and its ability to stabilize or grow rental income in the next filing.