CAMDEN PROPERTY TRUST financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data CAMDEN PROPERTY TRUST files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	876	901	7.23	8.7	10.8	10.5	5.19	3.45	7.14	13
Cost of revenue		329	344	366	395	417	498	549	559	567
Gross profit		572	-336	-358	-384	-406	-493	-545	-552	-554
General and administrative	47.4	50.6	50.7	53.2	53.6	59.4	60.4	62.5	72.4	79.3
Interest expense	93.1	86.8	84.3	80.7	91.5	97.3	113	133	130	138
Pre-tax income	457	202	162	225	131	314	664	414	174	399
Income tax								3.7	2.9	4
Income from continuing operations	437	196	156	220	124	304	654	403	163	384
Net income to minority interests	18.4	4.44	4.57	4.65	4.67	8.47	7.9	7.24	7.55	10.4
Net income	820	196	156	220	124	304	654	403	163	384
EPS, basic	9.08	2.14	1.63	2.23	1.24	2.97	6.07	3.71	1.50	3.54
EPS, diluted	9.05	2.13	1.63	2.22	1.24	2.96	6.04	3.70	1.50	3.54
Shares, basic (weighted)	89.6	91.5	95.2	98.5	99.4	102	108	109	108	108
Shares, diluted (weighted)	89.9	92.5	95.4	99.4	99.4	103	108	109	109	108
Dividend per share	7.25	3.00	3.08	3.20	3.32	3.32	3.76	4.00	4.12	4.20

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	237	368	34.4	23.2	420	613	10.7	260	21	25.2
Short-term investments	100	0
Lease right-of-use assets				10.6	9.2	6.9	6	4.4	2.5	11
Total assets	6,028	6,174	6,220	6,749	7,199	7,977	9,328	9,384	8,852	9,043
Total liabilities	2,856	2,612	2,782	3,047	3,682	3,711	4,271	4,332	4,105	4,605
Total debt	2,481	2,205	2,322	2,524	3,167	3,170	3,681	3,715	3,486	3,901
Paid-in capital	3,678	4,137	4,155	4,567	4,582	5,364	5,897	5,915	5,931	5,949
Treasury stock	-373	-364	-356	-348	-341	-334	-329	-320	-360	-620
Other comprehensive income	-1.86	-0.06	6.93	-6.53	-5.38	-3.74	-1.77	-1.25	0.97	2.17
Shareholders' equity	3,015	3,405	3,311	3,629	3,445	4,197	4,987	4,981	4,675	4,363
Minority interests	80.7	79.4	73.7	73	71.7	68.8	70.3	71	72	75.7
Total equity	3,096	3,485	3,385	3,702	3,517	4,266	5,057	5,052	4,747	4,438
Total liabilities and equity	6,028	6,174	6,220	6,749	7,199	7,977	9,328	9,384	8,852	9,043
Shares outstanding	87.5	92.7	93.2	97.2	97.4	103	107	107	107	104

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	838	201	161	224	129	312	662	411	171	395
Depreciation and amortization	250	264	301	336	367	421	577	575	582	611
Stock-based compensation	20.1	17.5	16.7	15.2	13.9	15.4	12.8	14.5	15.2	17
Change in payables	-2.31	-2.3	-4.13	19.7	-0.06	14.8	-2.99	13.6	-3.34	18.3
Cash from operations	443	435	504	556	519	577	745	795	775	827
Purchases of investments	-100	0	0
Cash from investing	690	-190	-641	-792	-430	-804	-1,456	-127	-285	-500
Stock issued	0	445	0	353	0	759	517	0	0
Share buybacks							0	0	-50	-271
Dividends paid	-663	-281	-298	-317	-333	-343	-397	-435	-451	-461
Cash from financing	-904	-113	-197	221	307	421	110	-417	-725	-322
Net change in cash	229	132	-334	-16.1	397	194	-602	251	-236	5.03
Interest paid	93.3	88.7	81.3	71.2	90.3	97.3	111	129	130	140
Income taxes paid	2.42	1.71	1.95	1.29	2.29	2.18	3.22	3.59	2.82	3.48

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $98.12 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	2,599.0%	Pre-tax income / revenue.
Net margin	2,486.0%	Net income / revenue.
Operating cash flow margin	6,154.0%	Cash from operations / revenue.
Return on equity (ROE)	8.6%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.4%	Net income / average total assets.
Stock-based pay / revenue	128.3%	Stock-based compensation (from the cash flow statement) / revenue.
D&A / revenue	4,701.0%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	81.7%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	35.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.7%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	135.4%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-16.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	25.4%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	136.0%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-16.3%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	23.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	6.7%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	3.5%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	9.7%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	1.9%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	3.8%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	4.8%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-6.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-4.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.8%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	2.2%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-1.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	4.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	1.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Debt / equity	1.28x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	51.3%	Total debt / total assets.
Liabilities / assets	59.0%	Total liabilities / total assets.
Net debt	$4.80B	Total debt - cash - short-term investments. Negative means more cash than debt.
Tangible book value	$3.80B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.00x	Revenue / average total assets.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.19	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$0.13	Revenue / diluted weighted shares.
Operating cash flow per share	$7.89	Cash from operations / diluted weighted shares.
Book value per share	$37.83	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$37.83	Tangible book value / shares outstanding.
Cash per share	$0.44	(Cash + short-term investments) / shares outstanding.
Payout ratio	140.6%	Dividends paid / net income, when net income is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$9.86B	Share price x shares outstanding.
Enterprise value	$14.67B	Market cap + total debt - cash - short-term investments.
P/E	30.2x	Market cap / net income. Only when net income is positive.
P/S	752x	Market cap / revenue.
P/B	2.59x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	2.59x	Market cap / tangible book value, when positive.
P/OCF	12.2x	Market cap / cash from operations, when positive.
EV/Sales	1,118x	Enterprise value / revenue.
Earnings yield	3.3%	Net income / market cap (the inverse of P/E).
Dividend yield	4.6%	Dividends paid over the period / market cap.
Shareholder yield	11.8%	(Dividends paid + share buybacks) / market cap.

What was CAMDEN PROPERTY TRUST's revenue in fiscal 2025?

CAMDEN PROPERTY TRUST reported revenue of $13.0M for fiscal 2025, 81.7% higher than the year before.

Was CAMDEN PROPERTY TRUST profitable in fiscal 2025?

Yes. Net income was $384.5M, a net margin of 2,964.9%.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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