Camden Property Trust

Camden Property Trust announced the retirement of Michael P. Gallagher effective July 2, 2026; his successor will be Kevin J. Necas Jr., who has been with the company since 2023 and most recently served as vice president — accounting. Necas is a certified public accountant with prior experience at CenterPoint Energy and Phillips 66; the company reported no conflicts of interest or arrangements related to the appointment. In addition, Camden reported strong Q1 results (EPS $0.40 vs. $0.27 expected; revenue $388.77 million) and received mixed analyst reactions: Truist raised its price target and kept its recommendation at buy, while Scotiabank downgraded its rating and cut its price target citing risks to regional macroeconomic recovery. » Więcej na de.investing.com

Shareholders at Camden Property Trust approved all proposals at the 2026 annual meeting, including re-election of trust managers, an advisory vote on executive compensation, ratification of Deloitte & Touche as auditor, and amendments to the 2018 share incentive and employee purchase plans. Management said apartment supply is being rapidly absorbed, new construction starts in Camden markets have fallen sharply, and job and population growth together with stronger consumer finances position the REIT for a potential strong recovery. » Więcej na finance.yahoo.com

Camden Property Trust reported Q1 2026 EPS of $0.40 versus $0.27 expected and revenue of $388.77 million versus $379.33 million forecast. Core FFO per share was $1.70, slightly above consensus. Management cited effective cost management and lower bad-debt expenses as drivers, but noted headwinds from non-core FFO items. A sequential decline in Core FFO is expected for Q2 2026, and the annual Core FFO guidance of $6.75 was affirmed; the stock fell slightly in after-hours trading. » Więcej na de.investing.com