Camden Property Q3 FFO Rejection

WASHINGTON (dpa-AFX) – Camden Property Trust (CPT) on Thursday reported funds from operations of $181.5 million, or $1.65 per share, compared to $191.2 million, or $1.73 per share, last year .

Core FFO was $188.1 million, or $1.71 per share, compared to $190.7 million, or $1.73 per share, in the prior year.

Last year’s profit was $47.9 million, or $0.44 per share, while losses totaled $4.2 million, or $0.04 per share.

Analysts polled by Thomson Reuters on average forecast earnings of $0.37 per share for the period.

Revenues were $387.2 million in the period compared to $390.8 million in the prior year.

Looking ahead, the company forecasts FFO of $1.65 to $1.69 per share and earnings of $0.34 to $0.38 per share for the fourth quarter.

Meanwhile, for fiscal 2024, Camden projects FFO to be $6.67 to $6.71 per share and earnings to be $1.46 to $1.50 per share.

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