April 15, 2026 a 07:31 am

CPT: Dividend Analysis - Camden Property Trust

📊 Overview

Camden Property Trust operates within the residential REIT sector, providing investors with a dividend yield of 4.31%. The current dividend per share stands at 4.25 USD, demonstrating a commendable history of 34 years without any recent cuts or suspensions.

Sector	Dividend Yield	Current Dividend Per Share	Dividend History	Last Cut or Suspension
Real Estate	4.31%	4.25 USD	34 years	None

🗣️ Dividend History

The consistent dividend payments over 34 years highlight Camden Property Trust's commitment to returning value to shareholders. This stability is crucial for income-focused investors.

Year	Dividend Per Share (USD)
2026	1.06
2025	4.20
2024	4.12
2023	4.00
2022	3.76

📈 Dividend Growth

The dividend growth over 3 years is at 3.76%, while over 5 years, it stands at 4.81%. Such growth rates suggest a moderate yet steady increase, which is appealing for investors seeking both income and growth.

Time	Growth
3 years	3.76%
5 years	4.81%

The average dividend growth is 4.81% over 5 years. This shows moderate but steady dividend growth.

📉 Payout Ratio

A high EPS-based payout ratio of 119.28% suggests potential risks, as the company returns more to shareholders than it earns. A more sustainable FCF-based payout ratio of 53.95% indicates healthier cash availability.

Key Figure	Ratio
EPS-based	119.28%
Free cash flow-based	53.95%

While the EPS-based payout ratio signals caution, the FCF ratio reflects a more manageable level of dividend sustainability.

✅ Cashflow & Capital Efficiency

Analyzing free cash flow yield and capital efficiency is crucial for understanding operational efficiency and investor returns through cash-provided measures.

Year	2025	2024	2023
Free Cash Flow Yield	3.24%	3.03%	3.56%
Earnings Yield	3.22%	1.30%	3.74%
CAPEX to Operating Cash Flow	53.28%	50.81%	51.69%
Stock-based Compensation to Revenue	1.08%	0.98%	0.94%
Free Cash Flow / Operating Cash Flow Ratio	46.72%	49.19%	48.31%

The indicators underline a stable cash flow scenario with a steady capital efficiency, though improving returns on investments could complement further financial solidity.

⚠️ Balance Sheet & Leverage Analysis

Understanding balance sheet composition, leverage, and liquidity ratios provides insights into financial health and risk exposure.

Year	2025	2024	2023
Debt-to-Equity	0.89	0.75	0.75
Debt-to-Assets	0.43	0.39	0.40
Debt-to-Capital	0.47	0.43	0.43
Net Debt to EBITDA	3.38	3.91	3.08
Current Ratio	0.10	0.10	0.65
Quick Ratio	0.10	0.10	0.65
Financial Leverage	2.07	1.89	1.88

Debt metrics are relatively conservative, indicating balanced leverage. However, the low current and quick ratios signal caution in liquidity management.

📊 Fundamental Strength & Profitability

Profitability metrics are pivotal in evaluating a firm’s capacity to generate earnings relative to revenue and investment.

Year	2025	2024	2023
Return on Equity	8.81%	3.49%	8.10%
Return on Assets	4.25%	1.84%	4.30%
Net Margin	24.43%	10.58%	26.15%
EBIT Margin	34.14%	19.66%	35.51%
EBITDA Margin	72.97%	57.36%	72.79%
Gross Margin	61.41%	61.18%	62.11%
Research & Development to Revenue	0%	0%	0%

Profitability measures display resilient earnings and strong margins, underpinning overall financial robustity.

📶 Price Development

✅ Dividend Scoring System

Category	Score	Evaluation
Dividend Yield	4
Dividend Stability	5
Dividend Growth	3
Payout Ratio	3
Financial Stability	4
Dividend Continuity	5
Cashflow Coverage	3
Balance Sheet Quality	3

⭕ Rating

Camden Property Trust's dividend profile is robust, supported by a long history of stable dividends. While growth isn't explosive, the consistent payments combined with a healthy yield make it a viable choice for conservative dividend investors, albeit observation on the EPS payout ratio is advised to ensure financial sustainability.