Camden Property Trust · NYSE:CPT

Camden Property Trust — Q3 2021 Earnings Presentation

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

  1. Slide 1: Camden Property Trust 3Q21 Earnings Call

    CAMDEN PROPERTY TRUST 3Q21 EARNINGS CALL

  2. Slide 2: 3Q21 Same Property Revenue Growth

    3Q21 SAME PROPERTY REVENUE GROWTH TOP PERFORMERS PHOENIX 10.1% SOUTH FLORIDA 10.1% TAMPA 9.5% TOTAL PORTFOLIO 5.1%

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

    3Q21 SIGNED NEW LEASES & RENEWALS NEW LEASES 19.8% RENEWALS 12.1% BLENDED RATE 16.0%

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

    OCTOBER 2021 SIGNED NEW LEASES & RENEWALS NEW LEASES 18.5% RENEWALS 13.8% BLENDED RATE 16.7%

  5. Slide 5: Same Store Occupancy

    SAME STORE OCCUPANCY 96.9% 97.3% 2Q21 3Q21

  6. Slide 6: 3Q21 Turnover

    3Q21 TURNOVER 3Q21 3Q20 NET TURNOVER 47.0% 49.0% 3Q21 2Q21 MOVEOUTS TO 15.0% 17.7% PURCHASE HOME

  7. Slide 7: Camden Central – St. Petersburg, Florida

    Camden Central – St. Petersburg, Florida

  8. Slide 8: Camden Greenville – Dallas, Texas

    Camden Greenville – Dallas, Texas

  9. Slide 9: Camden Downtown – Houston, Texas

    Camden Downtown – Houston, Texas

  10. Slide 10: Camden North End II – Phoenix, Arizona

    Camden North End II – Phoenix, Arizona

  11. Slide 11: Camden Lake Eola – Orlando, Florida

    Camden Lake Eola – Orlando, Florida

  12. Slide 12: 3Q21 FFO

    3Q21 FFO $142.2 MILLION 3¢ per share $1.36 $1.33 3Q21 ACTUAL RESULTS PRIOR MIDPOINT

  13. Slide 13: 3Q21 Operating Results

    3Q21 OPERATING RESULTS ORIGINAL MIDPOINT $1.330 SAME STORE REVENUE 0.020 SAME STORE EXPENSES (0.010) NON-SAME STORE NOI 0.015 ACQUISITION TIMING 0.010 ATM IMPACT (0.005) 3Q21 FFO $1.360

  14. Slide 14: Revised FY21 Same Store Guidance Midpoints

    REVISED FY21 SAME STORE GUIDANCE MIDPOINTS +0.50% REVENUE 3.75% +4.25% PRIOR NEW +0.75% NOI +3.75% +4.50% PRIOR NEW EXPENSE 3.75% 3.75% PRIOR NEW

  15. Slide 15: Revised FY21 FFO Guidance

    REVISED FY21 FFO GUIDANCE 10¢ PER SHARE $5.27 $5.37 PRIOR NEW +05¢ INCREASED SAME STORE NOI +05¢ INCREASED NON-SAME STORE NOI +02¢ DISPOSITION TIMING / VOLUME ( 02¢) ATM IMPACT +10¢

  16. Slide 16: 4Q21 Guidance

    4Q21 GUIDANCE $ 1.360 3Q21 FFO + 0.055 SEQUENTIAL SAME STORE REVENUE + 0.055 SEQUENTIAL SAME STORE EXPENSES + 0.030 SEQUENTIAL NON-SAME STORE NOI + 0.020 IMPACT FROM 3Q / 4Q ACQUISITIONS ( 0.015) IMPACT FROM 4Q DISPOSITIONS ( 0.015) ATM IMPACT $ 1.490 4Q21 FFO MIDPOINT

  17. Slide 17: Balance Sheet

    BALANCE SHEET NET DEBT TO EBITDA 4.4x TOTAL FIXED CHARGE COVERAGE RATIO 5.8x LIQUIDITY (AS OF OCTOBER 28, 2021) ~$ 200 MILLION IN CASH AND CASH EQUIVALENTS ~ 885 MILLION AVAILABLE UNDER LINE OF CREDIT $1,085 MILLION

  18. Slide 18: Camden Property Trust 3Q21 Earnings Call

    CAMDEN PROPERTY TRUST 3Q21 EARNINGS CALL

Camden Property Trust — Q3 2021 Earnings Presentation on 6ix