Camden Property Trust (CPT) FY2023 results: revenue $1.5 billion, up 8.4% on the year
Camden Property Trust (CPT) reported revenue of $1.5 billion for fiscal 2023, the year ended 31 December 2023, up 8.4% on the year before. Net income was $403 million, down 38.3%, and diluted earnings per share $3.70. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2024.
Revenue
$1.5 billion
+8.4% on the year
FY2016FY2023
Operating margin
n/a
FY2016FY2023
Net income
$403 million
-38.3% on the year
FY2016FY2023
Diluted EPS
$3.70
-38.7% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
795
745
577
+6.7%
Capital expenditure
5.6
4.4
4.0
+27.0%
Free cash flow
789
740
573
+6.6%
Free cash flow margin
51.2%
52.0%
50.1%
Cash from investing
-127
-1,456
-804
Cash from financing
-417
110
421
Depreciation and amortisation
575
577
421
-0.4%
Share-based compensation
14.5
12.8
15.4
+13.2%
Buybacks
0.0
0.0
n/a
Dividends paid
435
397
343
+9.6%
Dividend per share
$4.00
$3.76
$3.32
+6.4%
Diluted shares, weighted
109m
108m
103m
+0.9%
Shares outstanding at period end
107m
106m
103m
+0.3%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
4,981
4,987
4,197
-0.1%
Non-controlling interest
71.0
70.3
68.8
+1.0%
Debt
3,715
3,681
3,170
+0.9%
Other liabilities
617
590
540
+4.5%
Total liabilities and equity
9,384
9,328
7,977
+0.6%
Cash and equivalents
260
10.7
613
+2,329.9%
Other assets
9,124
9,317
7,363
-2.1%
Total assets
9,384
9,328
7,977
+0.6%
10-K for the year ended 31 December 2023, filed 22 February 2024: the filing.