Camden Property Trust’s (CPT) Maintains A Sector Perform Rating

Recent Articles by Ed Liston

Analyst Color

Company News

Earnings

Guidance

Markets

Analyst Ratings

Analyst Mike Salinsky at RBC Capital Markets has maintained a Sector Perform rating for Camden Property Trust (NYSE: CPT). The company has reported results for the fourth-quarter, and also issued guidance for FY10.

Camden Property Trust reported FFO of ($0.53) per share, which includes impairment charges of $1.24 per share. The FFO was $0.71 per share, excluding the impairment charges. The company saw an erosion of 5.5% in same community NOI. The decline of 5.1% in revenue was partially offset by a decline of 4.4% in expenses.

The company also issued guidance for FY10. The company expects FFO to be in the range of $2.35-$2.65 per share for FY10.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.