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Camden Property Trust has increased the midpoint of its full-year forecast for core funds from operations (FFO), reflecting steady rent growth and tightening housing supply across its major U.S. markets. The Houston-based real estate investment trust, which owns and manages around 60,000 apartment units across more than 175 properties, indicated optimism in its operating fundamentals. Despite a marginal year-on-year dip in third-quarter core adjusted FFO, Camden's positive full-year outlook highlights strong rental performance in a challenging housing environment.
Camden Property Trust revised its annual projection for core funds from operations earlier this week, citing sustained rent growth driven by limited housing availability in its core markets. The company, which operates approximately 60,000 apartment units across over 175 properties in the United States, announced that it now anticipates 2025 core FFO in the range of USD 6.83 to USD 6.87 per share. The midpoint of this updated range surpasses its previous forecast. Advertisement
For the third quarter, the company reported core adjusted FFO of USD 1.43 per share, slightly lower than the USD 1.48 per share recorded during the same period last year. Despite the modest decline in quarterly performance, Camden's long-term outlook remains upbeat due to favourable rental trends and ongoing housing shortages in its key markets. Following the announcement, shares of the Houston-headquartered real estate investment trust saw a slight rise during extended trading sessions.
Camden Property Trust's decision to raise its annual core FFO guidance underlines its confidence in continued rental growth despite short-term earnings pressure. The company's steady operational performance and exposure to markets with constrained housing supply provide a stable foundation for income growth. While quarterly results showed a marginal dip, Camden's forward-looking stance signals resilience amid broader housing sector challenges, with investors responding positively to its updated financial outlook.
Source - Reuters
5th Jun, 2025
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