J.P. Morgan Comments On Camden Property Trust 2Q
According to J.P. Morgan, Camden Property Trust (NYSE: CPT) reported 2Q FFO that was lighter than our estimate but in line with Bloomberg consensus.
J.P. Morgan said that the company's same-store NOI growth in the quarter was better than expected, but the absolute NOI figure was shy of our number. “The upshot is that we still think that the implicit run-rate going into 2012 leaves room for Street numbers to move a little higher than they currently stand ($3.35 versus our $3.46). In terms of the stock, we expect in-line performance on this report.”
Camden Property Trust closed yesterday at $67.21.
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