Camden Property Trust (CPT) Revenue — Quarter Ended Sep 30, 2023
Revenue for the reported quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The growth marked a reversal from the prior quarter's decline.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the reported quarter increased compared with both the immediately preceding quarter and the same quarter one year earlier. The growth marked a reversal from the prior quarter's decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.1M
Revenue reported for this quarter.
Quarter-over-quarter
+50.0%
Change from the immediately preceding quarter.
Year-over-year
+74.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.3M
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 |
|---|---|---|
| Dec 31, 2022 | $931K | -66.9% |
| Mar 31, 2023 | $578K | -76.4% |
| Jun 30, 2023 | $718K | -39.7% |
| Sep 30, 2023 | $1.1M | +74.6% |
Revenue performance
The reported quarter's revenue rose from the prior quarter and also from the year-ago period, reflecting a positive shift in performance.
Quarterly comparison
Sequentially, revenue improved after a decline in the preceding quarter, while the year-over-year gain was substantial. The trailing twelve-month revenue also showed an increase.
What to watch
The company's interest coverage ratio for the reported quarter was lower than the same period last year, a metric that may warrant attention.