Camden Property Trust (CPT) Revenue — Quarter Ended Jun 30, 2023
Revenue for the reported quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential improvement reversed a prior decline, yet the year-over-year comparison remained negative.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the reported quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential improvement reversed a prior decline, yet the year-over-year comparison remained negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$718K
Revenue reported for this quarter.
Quarter-over-quarter
+24.2%
Change from the immediately preceding quarter.
Year-over-year
-39.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$2.8M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $617K | -81.0% |
| Dec 31, 2022 | $931K | -66.9% |
| Mar 31, 2023 | $578K | -76.4% |
| Jun 30, 2023 | $718K | -39.7% |
Revenue performance
The reported revenue rose from the prior quarter, marking a positive sequential change. However, it fell short of the level achieved in the same quarter of the prior year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue grew. Compared to the same quarter one year earlier, revenue declined.
What to watch
The divergence between sequential growth and year-over-year contraction warrants attention in upcoming quarters.