Camden Property Trust Q1 2026 Earnings Release and Financial Results

Camden Property Trust reported its first quarter 2026 financial results, with EPS of $0.40 per diluted share compared to $0.36 in Q1 2025. However, FFO declined to $1.15 per share from $1.70 year-over-year, primarily due to $0.48 per share in litigation-related charges. Core FFO was $1.70 per share, slightly below the $1.72 from Q1 2025. The company recorded a $53 million litigation settlement related to revenue management software, which impacted FFO but is excluded from Core metrics. Same property NOI decreased by 0.7% year-over-year, with revenues up 0.2% but expenses increasing 1.9%. During the quarter, Camden issued $600 million in senior unsecured notes due 2036, repurchased $278.8 million in common shares, disposed of a Texas property for $77 million, and acquired two properties post-quarter for $171.3 million. The company updated its 2026 guidance, maintaining Core FFO midpoint at $6.75 but lowering FFO guidance to $6.10 from $6.61 previously.