Camden Property Trust · NYSE:CPT
Camden Property Trust — Debt Investor Presentation (June 2024)
8 slides from Camden Property Trust's debt investor presentation, June 2024
Slide 1: Fixed Income Investor Presentation June 2024
Fixed Income Investor Presentation June 2024 Camden Brickell Miami, FL
Slide 2: Disclaimer
Camden Brickell Miami, FL 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 commitment. In add
Slide 3: 1Q24 Highlights
1Q24 Highlights Strong Results • Core FFO per diluted share of $1.70 and Core AFFO per diluted share of $1.50 • Same property revenue growth of 2.5% and same property NOI growth of 2.3% • Stabilized Camden NoDa, a 387-unit community in Charlotte, NC • Continued lease-up at Camden Durham, a 420-unit
Slide 4: Strong Capital Structure
Strong Capital Structure ($ in millions – as of 05/31/24) Total Market Cap = $15B • $1.2B available under $1.2B unsecured credit facility Unsecured Term Loans Senior • Unencumbered asset pool of $40 Unsecured approximately $16B Notes $3,180 • 90.7% unsecured debt • 84.9% fixed rate debt • 4.2% weigh
Slide 5: Manageable Debt Maturities
Manageable Debt Maturities ($ in millions – as of 05/31/24) 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 1Q24 4Q23 3Q23 2Q23 Covenant Total Consolidated Debt to Total Asset Value 26% 27% 27% 28% ≤ 60% Total Secured Debt to Total Asset Value 2% 2% 2% 2% ≤ 40% Total Unencumbered Asset Value to Total Unsecured Debt 377% 365% 364% 358% ≥ 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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