Camden Property Trust (CPT) Revenue — Quarter Ended Mar 31, 2024
Revenue increased for the quarter. The improvement was evident when compared with both the prior quarter and the year-ago period.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased for the quarter. The improvement was evident when compared with both the prior quarter and the year-ago period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3M
Revenue reported for this quarter.
Quarter-over-quarter
+19.1%
Change from the immediately preceding quarter.
Year-over-year
+122.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.2M
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 |
|---|---|---|
| Jun 30, 2023 | $718K | -39.7% |
| Sep 30, 2023 | $1.1M | +74.6% |
| Dec 31, 2023 | $1.1M | +15.8% |
| Mar 31, 2024 | $1.3M | +122.1% |
Revenue performance
The reported revenue reflects a positive direction, continuing the upward trend seen in recent quarters. The trailing twelve-month revenue also shows an increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Compared to the same quarter one year earlier, revenue also rose, with a larger magnitude of change.
What to watch
The company's proportion of unencumbered properties increased compared to the same quarter last year.