Camden Property Trust Sells California Portfolio for About $1.6B
Camden recognized an approximately $1.0B gain, used approximately $0.9B of proceeds to repay credit facility and commercial paper balances, and updated 2026 earnings guidance.
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09:25:00 PM UTC
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Camden Property Trust Sees 2026 EPS $9.42-EPS $9.46 >CPT
Camden sold its California portfolio for approximately $1.6B, recognized an approximately $1.0B gain and used approximately $0.9B of proceeds to repay credit facility and commercial paper balances. It also updated 2026 earnings guidance.Material DetailsContext by AI AnalystThe California portfolio…