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CAMDEN PROPERTY TRUST FY 2025 10-K, explained in plain English

CPT · 10-K for the period ending December 31, 2025, filed February 12, 2026 · Read the original on SEC.gov →

Key financials — as reported

Total revenue$13.0M
Gross margin— not reported
Operating income— not reported
Net income$384.5M
Diluted EPS$3.54
Cash & equivalents$25.2M
Total assets$9.0B
Long-term debt$3.9B

Key takeaway

Same-store property revenue grew just 0.8% in 2025 versus 2024, driven by utility/ancillary income and improved occupancy, while same-store expenses rose 1.7%.

🔒 4 more takeaways in the full analysis

Beneath the surface

Core FFO of $757.2M and Core AFFO of $649.1M are far more representative of recurring cash-generating ability than the reported net income, which is inflated by one-time $260.9M in gains on asset sales and reduced by a $12.9M land impairment.

🔒 3 more insights a headline reader would miss

This is the free preview. The full analysis explains every line item above and includes 7 more findings — plus insider trades, activist stakes, and 8-K events for CPT.

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