Camden Property Trust (CPT) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, but increased significantly versus the same quarter one year earlier. The company's filing context highlights a conservative capital structure with a high proportion of unencumbered properties.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter was essentially flat compared to the immediately preceding quarter, but increased significantly versus the same quarter one year earlier. The company's filing context highlights a conservative capital structure with a high proportion of unencumbered properties.
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
+0.1%
Change from the immediately preceding quarter.
Year-over-year
+15.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.5M
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 |
|---|---|---|
| Mar 31, 2023 | $578K | -76.4% |
| Jun 30, 2023 | $718K | -39.7% |
| Sep 30, 2023 | $1.1M | +74.6% |
| Dec 31, 2023 | $1.1M | +15.8% |
Revenue performance
Reported revenue showed minimal change from the prior quarter, reflecting a stable sequential performance. On a year-over-year basis, revenue was substantially higher.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was nearly unchanged. Relative to the same quarter one year earlier, revenue was markedly higher.
What to watch
The interest coverage ratio declined compared to the prior year, which may warrant monitoring given the company's focus on conservative leverage.