April 15, 2026 a 07:31 am
CPT: Dividend Analysis - Camden Property Trust
Camden Property Trust offers a solid dividend profile with a long history of stable and consistent payouts. The company maintains a strong market presence in the residential REIT sector with a notable dividend growth trajectory. However, the payout ratio indicates caution is necessary regarding potential earnings squeezes.
📊 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 |
Total Score: 30/40
⭕ 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.