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Camden Property Trust (CPT) FY2024 results: revenue $1.5 billion, up 0.1% on the year

Camden Property Trust (CPT) reported revenue of $1.5 billion for fiscal 2024, the year ended 31 December 2024, up 0.1% on the year before. Net income was $163 million, down 59.5%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$1.5 billion
+0.1% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$163 million
-59.5% on the year
FY2017FY2024
Diluted EPS
$1.50
-59.5% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue1,5441,5421,423+0.1%
Cost of revenue559549498+1.8%
Gross profit985993925-0.8%
Gross margin63.8%64.4%65.0%
Interest expense130133113-2.7%
Income tax2.93.7n/a-21.6%
Net income163403654-59.5%
Net margin10.6%26.2%45.9%
Diluted EPS$1.50$3.70$6.04-59.5%
$ 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

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow775795745-2.5%
Capital expenditure3.85.64.4-32.1%
Free cash flow771789740-2.3%
Free cash flow margin49.9%51.2%52.0%
Cash from investing-285-127-1,456
Cash from financing-725-417110
Depreciation and amortisation582575577+1.3%
Share-based compensation15.214.512.8+4.5%
Buybacks50.00.00.0
Dividends paid451435397+3.7%
Dividend per share$4.12$4.00$3.76+3.0%
Diluted shares, weighted109m109m108m-0.8%
Shares outstanding at period end107m107m106m-0.1%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity4,6754,9814,987-6.1%
Non-controlling interest72.071.070.3+1.4%
Debt3,4863,7153,681-6.2%
Other liabilities619617590+0.5%
Total liabilities and equity8,8529,3849,328-5.7%
Cash and equivalents21.026010.7-91.9%
Other assets8,8319,1249,317-3.2%
Total assets8,8529,3849,328-5.7%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.