Camden Property Trust (CPT) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Camden Property Trust published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Camden Property Trust reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Core FFO per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Camden is a REIT. Its revenue line here is property revenues, the top line of its income statement; fee and asset management income ($4.4 million in Q3 2026) is reported separately as non-property income. Camden reports in thousands; figures here are in millions.
• Q3 2026 EPS of $8.71 included about $9.37 per share of gain on the July 29, 2026 sale of Camden's California portfolio, partly offset by $0.83 per share of impairments on land development.

Source: Camden Property Trust Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Camden Property Trust splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Camden Property Trust's Rental revenue revenue was $338 million in Q3 2026, down 4% from $352 million in Q3 2025, 89% of total revenue.
• Camden Property Trust's Non-lease components (other services under lease contracts) revenue was $42.8 million in Q3 2026, down 3% from $44.2 million in Q3 2025, 11% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Camden gives its per-share ranges in a table: Q4 2026 EPS $0.12 to $0.16, FFO $1.61 to $1.65 and Core FFO $1.63 to $1.67; full-year 2026 EPS $9.42 to $9.46, FFO $6.13 to $6.17 and Core FFO $6.73 to $6.77. It gives no revenue outlook.

In its Q3 2026 release, Camden Property Trust said:

“Camden updated its earnings guidance for 2026 based on its current and expected views of the apartment market and general economic conditions, and provided guidance for fourth quarter 2026 as detailed below.”

“Expected EPS excludes gains, if any, from future real estate transactions.”

“The Company's 2026 Core FFO guidance excludes approximately $0.60 per share of non-core charges for casualty-related expenses, net of recoveries, legal costs and settlements, expensed transaction, development, and other pursuit costs, and investment losses.”

“Camden intends to update its earnings guidance to the market on a quarterly basis.”

Source: Camden Q3 2026 release (Form 8-K, Exhibit 99.1), Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CPT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Property revenues and total earnings per common share, diluted, each as first reported in that quarter's release. GAAP EPS swings with gains on property sales, which is why Camden also reports FFO and Core FFO.

Camden Property Trust's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Camden Property Trust earns its revenue from renting apartments. Property revenues were $381.1 million in Q3 2026, against $395.7 million a year earlier: about $338.3 million of rental revenue and about $42.8 million received for other services under lease contracts. Utility rebilling to residents was $12.0 million of the total. (Camden Q3 2026 release, Nov 5, 2026)

Most of the decline came from selling properties. On July 29, 2026 Camden sold its California portfolio, 11 operating communities with 3,620 apartment homes, for about $1.6 billion. The 10-Q shows Los Angeles/Orange County (1,812 homes) and San Diego/Inland Empire (1,797 homes) gone from the portfolio by September 30, 2026. In the quarter Camden also bought three communities in Tampa, Charlotte and Nashville for a combined $305.2 million. (Camden Q3 2026 release, Nov 5, 2026; Camden Form 10-Q, Q3 2026, Nov 6, 2026)

On a same property basis, communities wholly owned and stabilized since January 1, 2025, revenue was down 0.1% from a year earlier and net operating income was down 0.2%. Average occupancy was 95.6%, against 95.5%, and the weighted average monthly rental rate was $1,951, against $1,961. Effective new lease rates were down 2.0% while renewal rates were up 3.6%. (Camden Q3 2026 release, Nov 5, 2026; Camden Q3 2026 supplemental financial information (Exhibit 99.2), Nov 5, 2026)

Camden's revenue is spread across Sunbelt and mid-Atlantic metros. The largest shares of same property NOI in Q3 2026 were D.C. Metro at 15.8%, Houston at 11.1% and Phoenix at 9.1%. Houston is the largest market by count, with 8,207 homes in 23 operating properties. Camden owns and operates 168 properties containing 56,995 apartment homes. (Camden Q3 2026 supplemental financial information (Exhibit 99.2), Nov 5, 2026; Camden Form 10-Q, Q3 2026, Nov 6, 2026; Camden Q3 2026 release, Nov 5, 2026)

Camden Property Trust's GAAP EPS of $8.71 in Q3 2026 was mostly a one-time gain. It included about $9.37 per share of gain on the sale of the California portfolio, partly offset by $0.83 per share of impairments associated with land development activities ($86.4 million). A year earlier, EPS of $1.00 included about $0.78 per share of gain on property sales. (Camden Q3 2026 release, Nov 5, 2026)

Camden also reports funds from operations, which adds back real estate depreciation and removes gains on property sales. FFO was $1.70 per diluted share, against $1.67, and Core FFO, which also removes non-core items such as casualty-related expenses and pursuit costs, was $1.71 against $1.70. Core AFFO, Core FFO less recurring capital expenditures, was $1.42 against $1.43. Core FFO beat the Q3 guidance midpoint of $1.69 by $0.02. (Camden Q3 2026 release, Nov 5, 2026)

Buybacks have cut the share count. Diluted weighted average shares were 103,826 thousand, against 108,580 thousand a year earlier. Camden repurchased 474,660 shares for $50.0 million in the quarter and 4,536,826 shares for $472.8 million so far in 2026, with $247.9 million left under its program. Interest expense rose to $41.0 million from $35.0 million. (Camden Q3 2026 release, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Camden Property Trust guides on a per-share basis each quarter and gives no revenue outlook. For Q4 2026 it expects EPS of $0.12 to $0.16, FFO of $1.61 to $1.65 and Core FFO of $1.63 to $1.67. For full-year 2026 it cut the EPS midpoint to $9.44 from $9.93, raised the FFO midpoint to $6.15 from $6.12, and kept the Core FFO midpoint at $6.75. Expected EPS excludes gains from future real estate transactions. (Camden Q3 2026 release, Nov 5, 2026)

Camden lowered its 2026 same property guidance: revenue growth to a midpoint of 0.00% from 0.50%, expense growth to 1.75% from 2.50%, and NOI to a decline of 1.00% from a decline of 0.60%. Its 2026 Core FFO guidance excludes about $0.60 per share of non-core charges. (Camden Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Camden Property Trust, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Camden Property Trust's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CPT is on is CPT a buy or a sell?, what analysts expect next is on the CPT forecast, and what the company does is on the Camden Property Trust (CPT) stock page.

Every number on this page can be traced to a document Camden Property Trust published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.