Camden Property Trust · NYSE:CPT
Camden Property Trust — Debt Investor Presentation (August 2024)
8 slides from Camden Property Trust's debt investor presentation, August 2024
Slide 1: Fixed Income Investor Presentation August 2024
Fixed Income Investor Presentation August 2024 Camden Woodmill Creek The Woodlands, TX
Slide 2: Disclaimer
Camden Woodmill Creek The Woodlands, TX Disclaimer This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained herein shall form the basis of any contract or comm
Slide 3: 2Q24 Highlights
2Q24 Highlights Strong Results • Core FFO per diluted share of $1.71 and Core AFFO per diluted share of $1.44 • Same property revenue growth of 1.4% and same property NOI growth of 0.9% • Completed construction at Camden Woodmill Creek, a 189-unit community in The Woodlands, TX • Continued lease-up
Slide 4: Strong Capital Structure
Strong Capital Structure ($ in millions – as of 06/30/24) Total Market Cap = $16B • $1.2B available under $1.2B unsecured credit facility Unsecured Term Loans Senior • Unencumbered asset pool of $40 Unsecured approximately $17B Notes $3,183 • 90.7% unsecured debt • 84.8% fixed rate debt • 4.2% weigh
Slide 5: Manageable Debt Maturities
Manageable Debt Maturities ($ in millions – as of 06/30/24) Future Scheduled Maturities* $1,600 $1,450 $1,200 $800 $600 $524 $532 $400 $290 $175 $0 $0 2024 2025 2026 2027 2028 2029 2030+ Unsecured Debt Secured Debt *Excluding Unsecured Credit Facility Percentage of Total 8.1% 0.0% 14.7% 4.9% 14.9% 1
Slide 6: Covenants, Ratios, & Ratings
Covenants, Ratios, & Ratings Unsecured Bond Covenants & Ratios 2Q24 1Q24 4Q23 3Q23 Covenant Total Consolidated Debt to Total Asset Value 26% 26% 27% 27% ≤ 60% Total Secured Debt to Total Asset Value 2% 2% 2% 2% ≤ 40% Total Unencumbered Asset Value to Total Unsecured Debt 381% 377% 365% 364% ≥ 150% C
Slide 7: Non-GAAP Financial Measures Definitions & Reconciliations
Non-GAAP Financial Measures Definitions & Reconciliations This document contains certain non-GAAP financial measures management believes are Net Operating Income (NOI) useful in evaluating an equity REIT's performance. Camden's definitions and calculations of NOI is defined by the Company as propert
Slide 8: Camden
CAMDEN
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