Camden Property Trust (CPT) Reports In-Line Q2 FFO, Plans Special Dividend

Camden Property Trust (NYSE: CPT) reported Q2 FFO of $1.15, in-line with the analyst estimate of $1.15. Revenue for the quarter came in at $221.5 million versus the consensus estimate of $220.23 million.

GUIDANCE:

Camden Property Trust sees Q3 2016 FFO of $1.07-$1.11, versus the consensus of $1.12.

Camden Property Trust sees FY2016 FFO of $4.50-$4.60, versus the consensus of $4.57.

Special Dividend

Camden anticipates declaring a special dividend in 2016. Provided all planned dispositions are completed as forecasted, the special dividend is anticipated to total $4.00 - $4.50 per share. The company expects to pay the dividend in the third quarter of 2016. All future dividends remain subject to the discretion of the Company's Board of Trust Managers and no assurances are made regarding the amount, form of payment, or timing of any dividends.

For earnings history and earnings-related data on Camden Property Trust (CPT) click here.

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