Camden Property Trust (CPT) 10-K Summary — Year Ended Dec 31, 2025
Camden Property Trust operates as a real estate investment trust focused on apartment communities. The filing reports annual revenue and net income growth, with operating cash flow supporting the company's conservative capital strategy.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
Camden Property Trust operates as a real estate investment trust focused on apartment communities. The filing reports annual revenue and net income growth, with operating cash flow supporting the company's conservative capital strategy.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$13M
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$384.5M
Net income reported for the year.
Operating cash flow
$826.6M
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, 2022 | $5.2M | -50.7% |
| Dec 31, 2023 | $3.5M | -33.5% |
| Dec 31, 2024 | $7.1M | +106.8% |
| Dec 31, 2025 | $13M | +81.7% |
Business overview
The company is a real estate investment trust that owns and manages multifamily apartment communities. Its business description references risk factors, management discussion, and liquidity considerations outlined in the filing. The company emphasizes maintaining a strong balance sheet and financial flexibility to pursue investment opportunities.
Financial performance
Revenue for the period increased significantly compared to the prior year. Net income also showed strong growth, while operating cash flow remained positive at a substantial level. These metrics indicate an improving financial trajectory for the reported year.
Material risks
The filing identifies general risk factors, including those typical for real estate investment trusts, without specifying unusual or extreme exposures. No unresolved staff comments or material cybersecurity incidents were noted. The company's risk discussion focuses on maintaining conservative leverage and managing interest rate exposure.
Liquidity and capital
The company prioritizes a conservative capital structure by staggering debt maturities, balancing fixed and floating rate debt, maintaining coverage ratios, and using a prudent mix of debt and equity. At period end, most properties were unencumbered, and the weighted average debt maturity was under five years.
What to watch
Investors should monitor any changes in the weighted average debt maturity and the proportion of unencumbered properties in the next filing.