Form 10-Q · Quarterly report
Camden Property Trust 10-Q, filed Nov 6, 2026
- Filed
- CIK
- 0000906345
- Accession no.
- 0001628280-26-071470
Summary
Camden Property Trust reported third-quarter 2026 net income attributable to common shareholders of $900.4 million, up from $108.9 million a year earlier, driven mainly by a $973.0 million gain on the $1.6 billion sale of 11 California apartment properties. The company also reported that Alexander J. Jessett became Chief Executive Officer effective March 24, 2026, with former CEO and Chairman Richard J. Campo moving to Executive Chairman.
Key points
- Camden Property Trust sold 11 operating properties with 3,620 apartment homes in California for about $1.6 billion in July 2026, recognizing a gain of about $973.0 million.
- Camden recorded about $86.4 million of impairment charges in the third quarter of 2026 tied to land development, after halting development on two projects.
- Camden agreed to pay $53.0 million to settle class action litigation against it; final court approval was granted in October 2026.
- During the first nine months of 2026 Camden acquired eight operating properties for about $754.5 million and repurchased 3,440,019 common shares for about $352.1 million under a new $600 million repurchase plan.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2. Management's Discussion Executive Summary Camden Property Trust and all consolidated subsidiaries are primarily engaged in the ownership, management, development, reposition, redevelopment, acquisition, and construction of multifamily apartment communities. We focus on investing in markets characterized by high-growth economic conditions, strong employment, and attractive quality of life which we believe leads to higher demand for our apartments and retention of our residents. As of September 30, 2026, we owned interests in, operated, or were developing 172 multifamily properties comprised of 58,555 apartment homes across the United States. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.