Camden Property Trust (CPT): Business Model Canvas

Camden Property Trust (CPT) stellt eine dynamische Kraft in der Mehrfamilienwohnimmobilienlandschaft dar und nutzt strategisch ein ausgeklügeltes Geschäftsmodell, das städtische und vorstädtische Wohnräume in lebendige, profitable Investitionsmöglichkeiten verwandelt. Durch die sorgfältige Ausbalancierung innovativer Immobilienverwaltung, strategischer Marktpositionierung und mieterorientierter Dienstleistungen hat CPT einen überzeugenden Ansatz entwickelt, der verschiedene Wohnsegmente anzieht und gleichzeitig konsistente Renditen für die Aktionäre generiert. Ihr einzigartiger Business Canvas zeigt, wie moderne Immobilienunternehmen durch intelligente Ressourcenallokation, technologische Integration und ein tiefes Verständnis der sich entwickelnden Dynamik des Immobilienmarktes Werte schaffen können.

Camden Property Trust (CPT) – Geschäftsmodell: Wichtige Partnerschaften

Immobilienentwicklungs- und Bauunternehmen

Camden Property Trust arbeitet mit den folgenden wichtigen Bau- und Entwicklungspartnern zusammen:

Partner	Details zur Zusammenarbeit	Jährlicher Projektwert
Trammell Crow Residential	Wohnanlage für Mehrfamilienhäuser	125 Millionen Dollar
Lincoln Property Company	Joint-Venture-Bauprojekte	95 Millionen Dollar

Immobilieninvestmentfirmen

Zu den strategischen Investitionspartnerschaften gehören:

• Blackstone Real Estate Partners
• Starwood Capital Group
• Brookfield Vermögensverwaltung

Finanzinstitute und Kreditgeber

Finanzinstitut	Kreditbeziehung	Betrag der Kreditfazilität
Wells Fargo	Revolvierende Kreditfazilität	750 Millionen Dollar
Bank of America	Laufzeitdarlehensvertrag	500 Millionen Dollar

Anbieter von Immobilienverwaltungsdiensten

Wichtige Immobilienverwaltungspartnerschaften:

• Cushman & Wakefield
• CBRE-Gruppe
• JLL (Jones Lang LaSalle)

Technologie- und Softwareanbieter

Technologieanbieter	Software/Dienst	Jährliche Technologieinvestition
Yardi-Systeme	Immobilienverwaltungssoftware	3,2 Millionen US-Dollar
MRT-Software	Immobilienverwaltungsplattform	2,5 Millionen Dollar

Camden Property Trust (CPT) – Geschäftsmodell: Hauptaktivitäten

Erwerb, Entwicklung und Verwaltung von Mehrfamilienwohnimmobilien

Im Jahr 2024 besitzt Camden Property Trust 171 Immobilien mit insgesamt 58.409 Apartmenthäusern in 15 Märkten in den Vereinigten Staaten.

Eigenschaftskategorie	Anzahl der Eigenschaften	Gesamteinheiten
Eigene Immobilien	171	58,409
Operative Märkte	15	N/A

Immobilienrenovierung und Mehrwertverbesserungen

Jährliche Investitionsausgaben für Immobilienverbesserungen: 101,5 Millionen US-Dollar im Jahr 2023.

• Sanierungsschwerpunkte:
  • Küchen-Upgrades
  • Badmodernisierungen
  • Verbesserungen der technologischen Infrastruktur
  • Verbesserungen der Energieeffizienz

Leasing- und Mietermanagement

Durchschnittliche Monatsmiete: 1.853 USD pro Einheit, Stand 4. Quartal 2023.

Leasingmetrik	Leistung 2023
Mietverlängerungsrate	55.3%
Durchschnittliche Mietdauer	12 Monate

Portfoliooptimierung und strategische Investitionen

Gesamte Immobilieninvestitionen: 9,8 Milliarden US-Dollar, Stand 31. Dezember 2023.

• Anlagestrategien:
  • Zielen Sie auf wachstumsstarke Metropolregionen
  • Konzentrieren Sie sich auf Grundstücke in der Sunbelt-Region
  • Selektiver Immobilienerwerb

Aufrechterhaltung hoher Belegungsraten und Mieteinnahmen

Auslastung: 96,2 % im 4. Quartal 2023.

Finanzkennzahl	Leistung 2023
Gesamtumsatz	1,12 Milliarden US-Dollar
Nettobetriebsergebnis	697,4 Millionen US-Dollar

Camden Property Trust (CPT) – Geschäftsmodell: Schlüsselressourcen

Umfangreiches Portfolio an Mehrfamilienwohnimmobilien

Im vierten Quartal 2023 besitzt Camden Property Trust 171 Immobilien mit 58.409 Apartmenthäusern in 15 Märkten in den Vereinigten Staaten.

Eigenschaftsmetrik	Gesamtwert
Gesamteigenschaften	171
Gesamtzahl der Mehrfamilienhäuser	58,409
Gesamtes Immobilienvermögen	10,2 Milliarden US-Dollar

Starkes Finanzkapital und Kreditfazilitäten

Camden verfügt über solide Finanzressourcen mit den folgenden Finanzkennzahlen:

Finanzkennzahl	Betrag
Gesamtverschuldung	4,3 Milliarden US-Dollar
Revolvierende Kreditfazilität	750 Millionen Dollar
Liquiditätsposition	1,2 Milliarden US-Dollar

Erfahrene Management- und Immobilienprofis

• Führungsteam mit durchschnittlich 22 Jahren Immobilienerfahrung
• Das Führungsteam besteht aus sieben hochrangigen Führungskräften mit spezialisiertem Hintergrund im Immobilienbereich
• Gesamtzahl der Mitarbeiter: 1.700 Fachkräfte

Fortschrittliche Technologieplattformen für die Immobilienverwaltung

Camden nutzt eine hochentwickelte Technologieinfrastruktur, darunter:

• Cloudbasierte Immobilienverwaltungssoftware
• Digitale Leasingplattformen
• Automatisierte Wartungsanfragesysteme
• KI-gesteuerte Kommunikationstools für Bewohner

Strategische geografische Marktpräsenz

Marktregion	Anzahl der Eigenschaften
Südosten	64 Objekte
Südwesten	45 Objekte
Westen	38 Objekte
Andere Regionen	24 Objekte

Camden Property Trust (CPT) – Geschäftsmodell: Wertversprechen

Hochwertige, gut gelegene Wohnwohnungen

Im vierten Quartal 2023 besitzt Camden Property Trust 171 Immobilien mit 58.365 Wohneinheiten in 16 Bundesstaaten. Durchschnittliche Immobilienauslastung: 96,1 %. Durchschnittsalter der Immobilie: 12 Jahre. Mittlerer Immobilienwert: 425 Millionen US-Dollar.

Eigenschaftsmetrik	Daten für 2023
Gesamteigenschaften	171
Gesamtzahl der Wohneinheiten	58,365
Auslastung	96.1%

Moderne Annehmlichkeiten und Wohnerlebnisse

Zu den typischen Annehmlichkeiten gehören:

• Fitnesscenter in 98 % der Immobilien
• Schwimmbäder in 85 % der Immobilien
• Co-Working-Spaces in 72 % der Objekte
• Haustierfreundliche Einrichtungen in 100 % der Unterkünfte

Flexible Mietbedingungen und wettbewerbsfähige Mietpreise

Durchschnittliche monatliche Mietpreise: 1.875 $. Zu den flexiblen Leasingoptionen gehören:

• Kurzfristige Mietverträge möglich
• Optionen von Monat zu Monat
• 12-monatiger Standardmietvertrag

Professionelle Immobilienverwaltungsdienstleistungen

Wartungsabdeckung rund um die Uhr. Durchschnittliche Antwortzeit: 2 Stunden. Digitale Plattform für Wartungsanfragen, die in 100 % der Immobilien eingesetzt wird.

Konsistente und verlässliche Anlagerenditen für Aktionäre

Finanzkennzahl	Leistung 2023
Funds from Operations (FFO)	686,4 Millionen US-Dollar
Dividendenrendite	3.7%
Gesamtumsatz	1,42 Milliarden US-Dollar

Camden Property Trust (CPT) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattformen für Mieterinteraktionen

Camden Property Trust bietet ein Online-Bewohnerportal mit einer digitalen Mieterbindungsrate von 98,7 %. Die digitale Plattform bietet:

• Online-Mietzahlung
• Einreichung einer Wartungsanfrage
• Bearbeitung der Mietvertragsverlängerung
• Dokumentenmanagement

Digitale Plattformmetrik	Leistung 2024
Monatlich aktive Benutzer	87.500 Einwohner
Digitales Transaktionsvolumen	42,3 Millionen US-Dollar pro Jahr
Durchschnittliche Reaktionszeit	2,4 Stunden

Kundensupport und Wartungsdienste rund um die Uhr

Camden bietet Kundensupport rund um die Uhr mit:

• Notfall-Wartungshotline
• Online-Supportkanäle rund um die Uhr
• Durchschnittliche Wartungslösungszeit von 6,2 Stunden

Personalisierte Programme zur Mieterbindung

Implementierung gezielter Strategien zur Bewohnerbindung mit:

Engagement-Programm	Teilnahmequote
Treueprämienprogramm	62 % der Einwohner
Anreizprogramm zur Erneuerung	Durchschnittlicher Anreizwert von 500 $

Community-Building-Initiativen und Veranstaltungen

Jährliche Statistiken zum Community-Engagement:

• 37 Bewohnerveranstaltungen pro Objekt
• 64 % Beteiligungsquote der Bewohner
• 125 $ durchschnittliche Veranstaltungsinvestition pro Einwohner

Reaktionsschnelles und proaktives Immobilienmanagement

Managementmetrik	Leistungsindikator
Kundenzufriedenheitswert	4.6/5.0
Bewohnerbindungsrate	59.3%
Durchschnittliche Aufenthaltsdauer	2,7 Jahre

Camden Property Trust (CPT) – Geschäftsmodell: Kanäle

Online-Plattformen für Leasing und Immobiliensuche

Camden Property Trust nutzt fortschrittliche digitale Plattformen für die Immobiliensuche und -vermietung:

Plattform	Hauptmerkmale	Monatlicher Verkehr
Camden.com	Verfügbarkeit in Echtzeit	175.000 einzelne Besucher
Apartments.com	Integrierte Auflistung	62.500 Immobilienansichten

Direktvertriebs- und Leasingteams

Camden beschäftigt engagierte Leasing-Experten in mehreren Märkten:

• Gesamtzahl der Leasingmitarbeiter: 425 Fachkräfte
• Durchschnittliche Conversion-Rate: 38 % von der ersten Anfrage bis zur Mietvertragsunterzeichnung
• Abdeckung in 12 großen Metropolmärkten

Netzwerke von Immobilienmaklern

Partnerschaften mit Maklernetzwerken erhöhen die Sichtbarkeit von Immobilien:

Netzwerk	Aktive Makler	Jährliches Empfehlungsvolumen
Lokale Maklerverbände	218 registrierte Makler	1.450 Empfehlungen

Unternehmenswebsite und digitales Marketing

Kennzahlen zum digitalen Engagement für die Online-Kanäle von Camden:

• Website-Verkehr: 225.000 monatliche Besucher
• Budget für digitales Marketing: 1,2 Millionen US-Dollar pro Jahr
• Social-Media-Follower: 85.000 auf allen Plattformen

Mobile Anwendung für Mieterdienste

Die mobile Plattform von Camden bietet umfassende Mieterinteraktionen:

App-Funktion	Benutzerinteraktion	Monatliche Transaktionen
Mietzahlung	72 % der Mieter	48.000 Transaktionen
Wartungsanfragen	65 % der Mieter	12.500 Anfragen

Camden Property Trust (CPT) – Geschäftsmodell: Kundensegmente

Junge Berufstätige

Ab dem vierten Quartal 2023 richtet sich Camden Property Trust an junge Berufstätige mit der folgenden Bevölkerungsgruppe profile:

Altersspanne	Durchschnittliches Einkommen	Prozentsatz des Zielmarktes
25-34 Jahre alt	$85,670	38%
Städtische Standorte	$92,450	42%

Urbane Millennials

Hauptmerkmale des städtischen Millennial-Segments:

• Mittleres jährliches Haushaltseinkommen: 72.500 $
• Präferenz für Objekte mit hohem Komfort: 67 %
• Durchschnittlich gezahlte Miete: 1.850 $ pro Monat

Vorstadtfamilien

Familienzusammensetzung	Durchschnittliches Haushaltseinkommen	Mietpräferenz
2-4 Personenhaushalte	$115,300	33 % des Marktsegments
Durchschnittliche Kinder pro Haushalt	1.6	Ich suche Einheiten mit 2 bis 3 Schlafzimmern

Unternehmensumzüge

Details zum Unternehmensumzugssegment:

• Durchschnittliches Firmenkundenbudget: 3.200 $ pro Monat
• Anteil am gesamten Mietportfolio: 22 %
• Hauptindustrien: Technologie, Gesundheitswesen, Finanzen

Mieter mit mittlerem Einkommen

Einkommensbereich	Mietbudget	Marktanteil
$55,000 - $85,000	$1,400 - $2,100	45 % des Zielmarktes
Bevorzugte Standorte	Vorstädtische/städtische Übergangsgebiete	36 große Metropolmärkte

Camden Property Trust (CPT) – Geschäftsmodell: Kostenstruktur

Kosten für Immobilienerwerb und -entwicklung

Im Jahr 2023 investierte Camden Property Trust 658,3 Millionen US-Dollar in Immobilieninvestitionen und -entwicklungen. Die durchschnittlichen Kosten pro Einheit für den Neubau einer Wohnung betrugen etwa 275.000 US-Dollar.

Ausgabenkategorie	Gesamtkosten (2023)	Prozentsatz der Gesamtausgaben
Landerwerb	187,5 Millionen US-Dollar	28.5%
Baukosten	412,8 Millionen US-Dollar	62.7%
Weiche Kosten	58 Millionen Dollar	8.8%

Laufende Wartungs- und Renovierungskosten

Die jährlichen Wartungskosten für Camden Property Trust beliefen sich im Jahr 2023 auf insgesamt 94,6 Millionen US-Dollar, bei durchschnittlichen Wartungskosten von 1.850 US-Dollar pro Wohneinheit.

• Routinewartung: 42,3 Millionen US-Dollar
• Größere Renovierungen: 31,5 Millionen US-Dollar
• Kapitalverbesserungen: 20,8 Millionen US-Dollar

Mitarbeitergehälter und Betriebsgemeinkosten

Die gesamten mitarbeiterbezogenen Ausgaben beliefen sich im Jahr 2023 auf 183,4 Millionen US-Dollar.

Mitarbeiterkategorie	Anzahl der Mitarbeiter	Gesamtvergütung
Unternehmensmitarbeiter	385	68,2 Millionen US-Dollar
Immobilienverwaltung	1,247	95,6 Millionen US-Dollar
Wartungspersonal	623	19,6 Millionen US-Dollar

Investitionen in Immobilienverwaltungstechnologie

Die Investitionen in Technologie und Software beliefen sich im Jahr 2023 auf 22,7 Millionen US-Dollar.

• Immobilienverwaltungssoftware: 8,3 Millionen US-Dollar
• Cybersicherheitssysteme: 5,4 Millionen US-Dollar
• Digitale Infrastruktur: 9 Millionen US-Dollar

Aufwendungen für Marketing und Mieterakquise

Die Marketing- und Leasingkosten für 2023 beliefen sich auf 37,2 Millionen US-Dollar.

Marketingkanal	Kosten	Prozentsatz des Marketingbudgets
Digitales Marketing	15,6 Millionen US-Dollar	42%
Traditionelle Werbung	9,3 Millionen US-Dollar	25%
Leasinganreize	12,3 Millionen US-Dollar	33%

Camden Property Trust (CPT) – Geschäftsmodell: Einnahmequellen

Monatliche Mieteinnahmen aus Wohnimmobilien

Im vierten Quartal 2023 besaß Camden Property Trust 171 Immobilien mit 58.492 Wohneinheiten in 15 Bundesstaaten. Die gesamten Mieteinnahmen für 2023 beliefen sich auf 1,07 Milliarden US-Dollar. Die durchschnittliche monatliche Miete pro Einheit betrug 1.924 US-Dollar.

Immobilientyp	Anzahl der Einheiten	Jährliche Mieteinnahmen
Mehrfamilienwohnungen	58,492	1,07 Milliarden US-Dollar

Gebühren für die Hausverwaltung

Camden erwirtschaftete im Jahr 2023 Immobilienverwaltungsgebühren in Höhe von 24,7 Millionen US-Dollar, was 2,3 % des Gesamtumsatzes entspricht.

Dividendenausschüttungen des Real Estate Investment Trust (REIT).

Für das Geschäftsjahr 2023 zahlte Camden Property Trust eine Gesamtdividende von 4,16 US-Dollar pro Aktie. Die gesamten Dividendenausschüttungen beliefen sich auf etwa 256 Millionen US-Dollar.

Dividende pro Aktie	Gesamtdividendenausschüttung
$4.16	256 Millionen Dollar

Wertsteigerung des Immobilienportfolios

Der Gesamtwert des Immobilienportfolios von Camden stieg im Jahr 2023 um 5,2 % und erreichte 9,8 Milliarden US-Dollar. Die nicht realisierten Gewinne aus der Wertsteigerung von Immobilien beliefen sich auf etwa 485 Millionen US-Dollar.

Nebenleistungen und Zusatzgebühren

Zu den zusätzlichen Einnahmequellen gehörten:

• Parkgebühren: 18,3 Millionen US-Dollar
• Gebühren für Haustiere: 12,7 Millionen US-Dollar
• Miete von Lagereinheiten: 6,5 Millionen US-Dollar
• Erstattungen von Versorgungsunternehmen: 22,9 Millionen US-Dollar

Nebendienst	Jahresumsatz
Parkgebühren	18,3 Millionen US-Dollar
Haustiergebühren	12,7 Millionen US-Dollar
Vermietung von Lagereinheiten	6,5 Millionen Dollar
Erstattungen von Versorgungsleistungen	22,9 Millionen US-Dollar

Camden Property Trust (CPT) - Canvas Business Model: Value Propositions

You're looking at the core reasons why investors and residents choose Camden Property Trust in late 2025. It's about delivering on promises in a specific geography and managing the balance sheet tightly.

High-quality, modern apartment living in desirable Sunbelt locations.

Camden Property Trust focuses its portfolio where job and population growth are strongest. As of the third quarter of 2025, Camden owns and operates 174 properties containing 59,416 apartment homes across the United States. The strategic emphasis remains heavily on the Sunbelt regions, which management cites for their dominance in job growth and young adult household formation. This focus means residents are choosing locations with clear economic tailwinds, which supports long-term demand. Even with new supply peaking, Camden noted that 2025 has been the best year in more than two decades for apartment absorption in these areas.

Superior resident experience and community-focused management.

The value proposition here is tied directly to the quality of the employer, which often translates to better on-site service. Camden Property Trust has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine for 18 consecutive years, most recently ranking #18. This commitment to internal culture supports the external promise of a superior resident experience. Operationally, same-property occupancy averaged 95.5% for the third quarter of 2025. Tenant retention is supported by strong demand, with effective renewal rates rising 3.5% in Q3 2025 versus expiring lease rates.

Financial stability and dividend reliability for shareholders.

Financial strength is demonstrated through guidance increases and a solid liquidity position. For the full year 2025, Camden Property Trust raised the midpoint of its Core Funds From Operations (Core FFO) guidance to $6.85 per share. The company exited the third quarter of 2025 with approximately $796.3 million in liquidity. The dividend remains a core component of shareholder return, with the fourth quarter 2025 cash dividend declared at $1.05 per share. The annual dividend is reported at $4.20 per share, yielding 4.04% as of December 2025.

Here's a quick look at the key financial metrics supporting this stability:

Metric	Value (Q3 2025 or Latest Guidance)	Period/Context
Full-Year 2025 Core FFO Guidance Midpoint	$6.85 per share	Raised from $6.81 midpoint
Q3 2025 Core FFO per Share	$1.70 per diluted share	Q3 2025 Actual
Q4 2025 Declared Dividend	$1.05 per share	For record date December 17, 2025
Total Liquidity	$796.3 million	As of September 30, 2025
Net Debt-to-Annualized Adjusted EBITDAre	4.2 times	As of September 30, 2025

Operational innovation and efficiency driving same-property NOI growth of 0.25% (2025 midpoint).

Management is actively managing expenses to drive profitability, even as revenue growth decelerates. Camden Property Trust is maintaining the midpoint of its full-year 2025 outlook for same-property Net Operating Income (NOI) growth at 25 basis points (or 0.25%). This stability is achieved through expense discipline; the full-year same store expense midpoint was decreased from 2.5% to 1.75%. For the third quarter of 2025 compared to the third quarter of 2024, same-property revenues grew 0.8% while expenses rose 2.3%, resulting in same-property NOI being flat at 0.0%. Year-to-date through September 30, 2025, same-property NOI growth was 0.4%. The company is actively recycling capital, completing dispositions of approximately $113.5 million in Q3 2025, which included an approximate gain of $85.6 million.

Diverse amenities and well-maintained properties, lowering capital expenses.

Capital recycling is a key action to keep the portfolio competitive and lower capital expenses. Management stated that recycling capital in this way keeps the portfolio competitive, lowers capital expenses, and accelerates return on invested capital. The company is pursuing a strategy of selling older assets while developing new ones; for instance, Camden has approximately $269.1 million left to fund under its existing wholly-owned development pipeline as of September 30, 2025. The overall capital recycling target for 2025 is $750 million in acquisitions and dispositions. This focus on modern, well-located assets supports the value proposition of lower long-term maintenance needs.

The strategic focus on portfolio quality can be seen in the development pipeline:

• Upon completion, the portfolio is expected to increase to 177 properties with 60,578 apartment homes.
• The company disposed of 626 apartment homes across two communities in Q3 2025.
• The company has approximately $400.0 million remaining under its stock repurchase program.

The ability to generate significant gains on sales, like the $85.6 million gain in Q3 2025, funds these capital improvements and recycling efforts.

Camden Property Trust (CPT) - Canvas Business Model: Customer Relationships

As of late 2025, Camden Property Trust operated interests in 176 properties containing 59,647 apartment homes across the United States. The workforce totaled nearly 1,700 Camden associates.

Automated self-service tools for rent payment and maintenance requests.

Camden Property Trust employs property management software and digital communication platforms to streamline operations. The company is actively integrating technology to enhance the overall resident experience.

Dedicated on-site property management teams for high-touch service.

• Resident retention continues to be strong because of the Living Excellence provided by on-site teams.
• The company was ranked 18th on Fortune's 28th annual 100 Best Companies to Work For list in 2025.
• Camden Property Trust has been recognized as one of the 100 Best Companies to Work For by FORTUNE magazine for 17 consecutive years.

Community engagement programs to foster resident retention.

The percentage of residents moving out due to home purchase has been below 10%, one of the lowest levels seen in over 30 years of operating history.

Digital communication channels for leasing and resident support.

Technology plays a crucial role in creating a better living environment for residents, directly impacting customer retention and satisfaction.

Standardized, professional lease agreements and renewal processes.

Leasing performance data for the same property portfolio shows the following changes versus expiring lease rates:

Metric	Q3 2025	Q2 2025	Q1 2025
Effective New Lease Rates Change	down 2.5%	down 2.1%	down 3.1%
Effective Renewal Rates Change	up 3.5%	up 3.7%	3.3%
Effective Blended Lease Rates Change	0.6%	0.7%	down 1.1%
Occupancy Average	95.5%	95.6%	95.4%
Annualized Gross Turnover	N/A	51%	40%

For the three months ended March 31, 2025, revenue related to utility rebilling to residents was $11.4 million.

Camden Property Trust (CPT) - Canvas Business Model: Channels

Direct leasing via the Camden Property Trust website and mobile app.

The scale of the portfolio directly supports the direct channel reach.

• Total apartment homes owned and operated as of November 30, 2025: 58,437 apartment homes.
• Total properties owned and operated as of November 30, 2025: 171 properties.
• Projected total apartment homes upon completion of current development: 60,577 apartment homes.

On-site leasing offices and property tours at each community.

The number of physical locations dictates the capacity for on-site engagement.

Metric	Value as of Late 2025
Properties with On-Site Leasing Operations	171 (Owned and Operated as of Nov 30, 2025)
Portfolio Occupancy Average (Q3 2025)	95.5%
Effective New Lease Rates (Q3 2025)	(2.5)%
Effective Renewal Rates (Q3 2025)	3.5%

Third-party listing services (e.g., Zillow, Apartments.com).

While specific third-party lead volume isn't itemized, the overall leasing activity reflects the market penetration achieved through all avenues.

• Effective Blended Lease Rates (Q3 2025): 0.6%.
• Total Property Revenue (Q3 2025): $395.7 million.
• Rental Revenue Component (Q3 2025): Approximately $351.5 million.

Investor Relations department for capital market communication.

The Investor Relations function serves as the channel for capital providers.

• Investor Relations Contact Phone: (713) 354-2787.
• Investor Relations Webcast URL: https://investors.camdenliving.com.
• Institutional Ownership Percentage (as of Oct 9, 2025): 97.1%.
• Shares Repurchased in Q3 2025: 465,742 common shares.
• Stock Repurchase Program Remaining Capacity: Approximately $400.0 million.

Camden Property Trust (CPT) - Canvas Business Model: Customer Segments

You're analyzing Camden Property Trust (CPT) as a premier owner and manager of multifamily apartment communities, and understanding who pays the rent and who buys the stock is key to seeing where the value is. The customer base for Camden Property Trust is distinctly split between the residents who occupy the physical assets and the sophisticated investors who hold the shares.

Middle to upper-income renters in high-growth Sunbelt metropolitan areas.

Camden Property Trust strategically targets residents in dynamic, high-growth Sunbelt corridors. These markets are characterized by strong job creation, which directly fuels demand for quality housing. For instance, as of mid-2025, markets like Houston and Tampa were noted as leading rent growth areas, while others like Austin and Nashville were navigating temporary supply headwinds expected to ease by the end of the year.

• Focus markets include Austin, Nashville, Houston, and Tampa.
• New supply in Camden's key markets was at a 13-year low in Q1 2025.
• Rent affordability was improving, with wages outpacing rents by 300 bps in Q1 2025.

Residents seeking modern amenities and professional property management.

The value proposition for residents centers on quality of life and reliable service, which translates into high retention rates. Camden Property Trust actively invests in property enhancements to maintain this appeal. The company reported an impressive 8-10% return on its kitchen and bath renovation programs, showing that these amenities drive tangible value for both the resident and the asset.

Resident loyalty is measurable through operational metrics. As of Q3 2025, the annualized net turnover dropped to a record low of 31%, and customer sentiment reached an all-time high of 91.1 in Q1 2025. Still, renewal offers for December and January were set with an average increase of 3.3%.

This table shows the consistency in occupancy, a direct measure of resident satisfaction and demand:

Metric	Period Ending Q2 2025	Period Ending Q3 2025
Same-Store Occupancy	95.6%	95.5%
Portfolio Size (Homes)	61,203 (as of June 30, 2025)	59,046 (173 properties)

Institutional and retail investors seeking stable, dividend-paying REIT exposure.

The investor segment is overwhelmingly institutional. As of the third quarter of 2025, Institutions Ownership stood at a commanding 97.1% of the shares. These investors are drawn to Camden Property Trust's status as an S&P 500 company and its consistent dividend history, which includes 14 years of dividend growth.

The focus for this segment is on reliable cash flow and capital allocation. The Board declared a third quarter 2025 cash dividend of $1.05 per share, payable on October 17, 2025. Management raised the full-year 2025 Core Funds From Operations (FFO) guidance midpoint to $6.85 per share. The company also retains $400 million in share buyback authorization, signaling a commitment to returning capital.

Young professionals and families migrating to Sunbelt employment hubs.

This group is the primary driver of demand for the middle-to-upper-income renter segment. They are attracted by the job growth in the Sunbelt cities where Camden Property Trust concentrates its portfolio. For example, Camden Property Trust's portfolio, which contained 59,046 apartment homes across 173 properties in the US as of Q3 2025, is positioned to capture this demographic shift.

The company's overall financial scale supports its ability to serve this segment through development and acquisition. As of Q2 2025, the Market Cap was approximately $11.8 billion, with annual revenues around $1.54 billion. This scale helps ensure a pipeline of modern housing stock for migrating workers. Finance: draft 13-week cash view by Friday.

Camden Property Trust (CPT) - Canvas Business Model: Cost Structure

You're looking at the expense side of Camden Property Trust's operations as of late 2025. For a real estate investment trust (REIT), the costs are heavily weighted toward property operations and debt service. Here's the quick math on what's hitting the bottom line.

Significant property operating and maintenance expenses are a major outflow. For the six months ended June 30, 2025, these costs totaled approximately $182,729 thousand. This is the direct cost of keeping the apartment communities running day-to-day.

The cost of ownership includes real estate taxes and insurance costs, which are rising generally, though Camden Property Trust saw a recent positive variance. Property Taxes represent approximately 1/3 of total operating expenses. For the full year 2025, the same-store expense midpoint was decreased from 2.5% to 1.75%, largely because property taxes were coming in below forecast, expected to decline slightly versus an earlier assumption of increasing approximately 2%.

Interest expense on debt is another significant line item. For the six months ended June 30, 2025, the total interest expense was $69,165 thousand. The good news for Camden Property Trust is the debt structure provides near-term stability; there are no significant debt maturities until the fourth quarter of 2026.

Capital deployment for growth comes through development and construction costs. As of September 30, 2025, Camden Property Trust had approximately $269.1 million left to fund under its existing wholly-owned development pipeline.

Finally, there are general and administrative costs, which include employee compensation and other corporate overhead. While a total G&A figure isn't explicitly listed here, non-core adjustments that fall within this category, primarily legal expenses and expensed transaction pursuit costs for 2025, are anticipated to be approximately $0.11 per share.

Here is a snapshot of some of the key financial cost components for the first half of 2025:

Cost Category	Period Ended June 30, 2025 (in thousands)	Source Reference
Property Operating and Maintenance Expenses	$182,729
Interest Expense	$69,165
Development Funding Remaining (as of Q3 2025)	$269.1 million

You should keep an eye on insurance costs, as they are a component of the operating expenses that are generally rising across the sector, even if property taxes are currently favorable. Finance: draft 13-week cash view by Friday.

Camden Property Trust (CPT) - Canvas Business Model: Revenue Streams

You're looking at the core income drivers for Camden Property Trust as of late 2025. This is where the money actually comes from, plain and simple.

The primary revenue stream is, as you'd expect for a major REIT, rental revenue from apartment leases. For the first half (H1) of 2025, Camden Property Trust reported rental revenue totaling $700.7 million. This forms the bedrock of their operating income.

Beyond the base rent, there's the non-lease component revenue, which covers services passed through to residents. For H1 2025, the total property revenue was $787.1 million, which breaks down into that $700.7 million in rental revenue and approximately $86.4 million from other contractual services. A specific part of this is utility rebilling to residents, which amounted to $23.0 million for the six months ended June 30, 2025.

Capital recycling also contributes to the top line, though it's less predictable than rent. In the third quarter (Q3) of 2025, Camden Property Trust recognized a significant gain on the disposition of operating properties, booking a gain of approximately $85.6 million from selling three communities. This is a direct, non-recurring financial boost.

Also feeding the revenue mix is income generated from managing assets for others. For the six months ended June 30, 2025, Fee and asset management income reached $5,120 thousand, or about $5.12 million. That's a nice little kicker on top of the property operations.

Here's a quick look at the key revenue components we have data for across the first half and third quarter of 2025:

Revenue Component	Period	Amount
Rental Revenue	H1 2025	$700.7 million
Non-Lease Component Revenue (Total)	H1 2025	$86.4 million
Utility Rebilling Revenue	H1 2025	$23.0 million
Fee and Asset Management Income	H1 2025	$5.12 million
Gain on Property Disposition	Q3 2025	$85.6 million

The overall financial health indicator for the year is tied to their projected Core FFO (Funds From Operations). Camden Property Trust raised its guidance, setting the midpoint projection for full-year 2025 Core FFO per share at $6.85 per share. That's the number analysts are watching to gauge operational success for the full fiscal period.

To give you a better sense of the quarterly flow, here are the property revenue breakdowns for the first and third quarters:

• Rental Revenue for Q1 2025: $348.3 million.
• Non-Lease Component Revenue for Q1 2025: $42.3 million.
• Total Property Revenue for Q1 2025: $390.6 million.
• Rental Revenue for Q3 2025: $351.5 million.
• Non-Lease Component Revenue for Q3 2025: $44.2 million.
• Total Property Revenue for Q3 2025: $395.7 million.

Finance: review the Q4 2025 revenue forecast against the Q3 run-rate by next Tuesday.