Camden Property Trust (CPT) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter declined sharply from the immediately preceding quarter, but remained well above the level reported in the same quarter one year earlier. The sequential drop followed a period of strong growth in the prior periods.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter declined sharply from the immediately preceding quarter, but remained well above the level reported in the same quarter one year earlier. The sequential drop followed a period of strong growth in the prior periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.7M
Revenue reported for this quarter.
Quarter-over-quarter
-34.5%
Change from the immediately preceding quarter.
Year-over-year
+58.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$6.7M
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, 2023 | $1.1M | +15.8% |
| Mar 31, 2024 | $1.3M | +122.1% |
| Jun 30, 2024 | $2.6M | +263.0% |
| Sep 30, 2024 | $1.7M | +58.5% |
Revenue performance
The reported revenue decreased compared to the prior quarter, reversing the upward trend seen in recent periods. However, on a year-over-year basis, revenue was significantly higher than the same quarter last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell, marking a notable contraction after consecutive increases. Relative to the same quarter one year earlier, revenue posted a substantial gain.
What to watch
The sharp sequential decline warrants attention, particularly given the prior quarters' strong momentum.