Camden Property Trust · NYSE:CPT

Camden Property Trust — Q2 2021 Earnings Presentation

15 slides from Camden Property Trust's earnings presentation, 2021

  1. Slide 1: Camden Property Trust 2Q21 Earnings Call

    CAMDEN PROPERTY TRUST 2Q21 EARNINGS CALL

  2. Slide 2: 2Q21 Same Property Revenue Growth

    2Q21 SAME PROPERTY REVENUE GROWTH TOP PERFORMERS PHOENIX 9.1% TAMPA 9.1% SOUTHEAST FLORIDA 8.6% ATLANTA 5.7% RALEIGH 4.6% TOTAL PORTFOLIO 4.1%

  3. Slide 3: 2Q21 Signed New Leases & Renewals

    2Q21 SIGNED NEW LEASES & RENEWALS NEW LEASES 9.3% RENEWALS 6.7% BLENDED RATE 8.0%

  4. Slide 4: July 2021 Signed New Leases & Renewals

    JULY 2021 SIGNED NEW LEASES & RENEWALS NEW LEASES 18.7% RENEWALS 10.5% BLENDED RATE 14.6%

  5. Slide 5: Same Store Occupancy

    SAME STORE OCCUPANCY 96.0% 96.9% 1Q21 2Q21

  6. Slide 6: 2Q21 Turnover

    2Q21 TURNOVER 2Q21 2Q20 NET TURNOVER 45.0% 41.0% 2Q21 1Q21 MOVEOUTS TO 17.7% 16.9% PURCHASE HOME

  7. Slide 7: Slide 7

  8. Slide 8: Collected Rents

    COLLECTED RENTS 98.7% 97.3% 2Q21 2Q20 1.3% ............DELINQUENT………... 1.6% 0.0% ............DEFERRED………... 1.1%

  9. Slide 9: Uncollectable Revenue

    UNCOLLECTABLE REVENUE As of 6/30/2021 $ 12.0M RESIDENT RECEIVABLE (11.0)M RESERVE $ 1.0M NET RESIDENT RECEIVABLE

  10. Slide 10: 2Q21 FFO

    2Q21 FFO $131.2 MILLION 3¢ per share $1.25 $1.28 PRIOR MIDPOINT 2Q21 ACTUAL RESULTS

  11. Slide 11: 2Q21 Operating Results

    2Q21 OPERATING RESULTS ORIGINAL MIDPOINT $1.25 SAME STORE NOI 0.03 NON-SAME STORE NOI 0.02 OVERHEAD (0.01 ) ATM IMPACT (0.01 ) 2Q21 FFO $1.28

  12. Slide 12: Revised FY21 Same Store Guidance Midpoints

    REVISED FY21 SAME STORE GUIDANCE MIDPOINTS +2.15% REVENUE 1.60% +3.75% PRIOR NEW (0.15%) EXPENSE 3.90% 3.75% PRIOR NEW +3.50% NOI +0.25% +3.75% PRIOR NEW

  13. Slide 13: Revised FY21 FFO Guidance

    REVISED FY21 FFO GUIDANCE 18¢ PER SHARE $5.09 $5.27 PRIOR NEW +21¢ INCREASED SAME STORE NOI +06¢ INCREASED NON-SAME STORE NOI ( 09¢) ATM IMPACT +18¢

  14. Slide 14: 3Q21 Guidance

    3Q21 GUIDANCE $ 1.280 2Q21 FFO + 0.040 SEQUENTIAL SAME STORE NOI + 0.015 SEQUENTIAL NON-SAME STORE NOI + 0.020 IMPACT FROM 2Q ACQUISITIONS ( 0.025) ATM IMPACT $ 1.330 3Q21 FFO MIDPOINT

  15. Slide 15: Balance Sheet

    BALANCE SHEET NET DEBT TO EBITDA 4.6x TOTAL FIXED CHARGE COVERAGE RATIO 5.4x LIQUIDITY (AS OF JULY 29, 2021) ~$ 300 MILLION IN CASH AND CASH EQUIVALENTS ~ 888 MILLION AVAILABLE UNDER LINE OF CREDIT $1,188 MILLION

Camden Property Trust — Q2 2021 Earnings Presentation on 6ix