Camden Property Trust · NYSE:CPT

Camden Property Trust — Q3 2025 Earnings Presentation

10 slides from Camden Property Trust's earnings presentation, Nov 7, 2025

  1. Slide 1: 3Q25 Camden Property Trust Earnings Call

    3Q25 Camden Property Trust Earnings Call

  2. Slide 2: Dispositions

    DISPOSITIONS 2 Houston communities 1 Dallas community  $114M total  Average age 24 years old  Sold at average AFFO yield of ~ 5%  Proceeds used in part to repurchase ~$50M of shares  Average purchase price of $107.33 = 6.4% FFO yield and 6.2% cap rate

  3. Slide 3: Development

    DEVELOPMENT CAMDEN DURHAM CAMDEN VILLAGE DISTRICT CAMDEN LONG MEADOW FARMS Durham, North Carolina Raleigh, North Carolina Richmond, Texas  420 UNITS  369 UNITS  188 UNITS  $146M  $139M  $73M  96% OCCUPIED  50% LEASED  89% LEASED

  4. Slide 4: 2025 Acquisitions and Dispositions

    2025 ACQUISITIONS AND DISPOSITIONS Revised Midpoint of Prior Midpoint of 4Q25 Guidance Range Guidance Range Guidance $425M $750M $87M ACQUISITIONS DISPOSITIONS $450M $750M $276M

  5. Slide 5: 3Q25 Core FFO per Share

    3Q25 CORE FFO PER SHARE $1.70 1¢ per share $1.69 from 3Q25 ACTUAL 3Q25 GUIDANCE RESULTS MIDPOINT 1.0¢ HIGHER FEE AND ASSET MANAGEMENT INCOME AND LOWER INTEREST EXPENSE

  6. Slide 6: 2025 Expected Same Store Growth

    2025 EXPECTED SAME STORE GROWTH Midpoint of Guidance Range Prior Guidance Updated Guidance REVENUES 1.0% 0.75% EXPENSES 2.5% 1.75% NOI 0.25% 0.25%

  7. Slide 7: 2025 Expected Core FFO per Share

    2025 EXPECTED CORE FFO PER SHARE Midpoint of Guidance Range $6.85 4¢ per share $6.81 from 2025 UPDATED 2025 PRIOR GUIDANCE MIDPOINT GUIDANCE MIDPOINT 4.0¢ PRIMARILY DECREASED TRANSACTION ACTIVITY AND LOWER FLOATING RATE INTEREST EXPENSE

  8. Slide 8: 4Q25 Expected Core FFO per Share

    4Q25 EXPECTED CORE FFO PER SHARE Midpoint of Guidance Range $1.70 3¢ per share $1.73 from 3Q25 ACTUAL RESULTS 4Q25 GUIDANCE MIDPOINT 3.0¢ SEASONAL DECREASE IN PROPERTY OPERATING EXPENSE, LOWER TAXES AND LOWER INTEREST EXPENSE OFFSET BY IMPACT OF 4Q NET DISPOSITIONS

  9. Slide 9: Balance Sheet

    BALANCE SHEET • 3Q25 NET DEBT TO EBITDA = 4.2X • NO SIGNFICANT DEBT MATURITIES UNTIL 4Q26 • NO DILUTIVE DEBT MATURITIES UNTIL 2027

  10. Slide 10: Camden Property Trust 3Q25 Earnings Call

    3Q25 Camden Property Trust Earnings Call

Camden Property Trust — Q3 2025 Earnings Presentation on 6ix