Camden Property Trust Reports $80.7M Net Income in Q2 2025, Driven by Property Sale

Camden Property Trust reported its financial results for the second quarter of 2025, revealing a net income attributable to common shareholders of $80.7 million, a significant increase from $42.9 million in the same period last year. For the first half of 2025, net income was $119.5 million, down from $126.8 million in the prior year. The increase in quarterly net income was primarily driven by a $47.3 million gain from the sale of an operating property, while the decline in year-to-date income was attributed to higher depreciation and amortization expenses related to recent acquisitions.

Total property revenues for the second quarter reached $396.5 million, up from $387.2 million in the same quarter of 2024, reflecting a 2.4% increase. Year-to-date property revenues also saw a rise, totaling $787.1 million compared to $770.3 million in the previous year. The company noted that same-store revenues increased by approximately 1.0% for the quarter and 0.9% for the first half, attributed to higher occupancy rates and demand for multifamily housing driven by job growth and favorable demographics.

In terms of operational developments, Camden Property Trust owned and managed 180 multifamily properties with a total of 61,203 apartment homes as of June 30, 2025. The company had four properties under construction, expected to add 1,531 apartment homes upon completion. During the first half of 2025, Camden acquired three operating properties for approximately $334.2 million and sold one property, Camden Midtown, for $58.8 million. The company also reported a total of $1.2 billion available under its unsecured revolving credit facility, which it plans to use as a liquidity backstop for its commercial paper program.

The company’s total assets increased to $9.1 billion as of June 30, 2025, compared to $8.9 billion at the end of 2024. Total liabilities also rose to $4.5 billion, up from $4.1 billion, primarily due to increased borrowings under its commercial paper program. Camden Property Trust maintained a strong balance sheet with a weighted average maturity of approximately 5.1 years on its debt and an interest expense coverage ratio of 6.4 for the quarter.

Looking ahead, Camden Property Trust plans to continue pursuing opportunities for acquisitions and development while managing its portfolio strategically. The company anticipates that the levels of new multifamily supply in its markets will remain manageable, supporting continued demand for its properties. Camden expects to meet its liquidity needs through operational cash flows, its credit facilities, and potential equity offerings, while maintaining its commitment to distribute dividends to shareholders in line with its REIT status.