Camden Property Trust (CPT) Tops Q1 EPS by 1c, Offers Guidance

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Camden Property Trust Announces First Quarter 2016 Operating Results

April 28, 2016 4:16 PM EDT

HOUSTON--(BUSINESS WIRE)-- Camden Property Trust (NYSE: CPT) today announced operating results for the three months ended March 31, 2016.

We are pleased to announce recent dispositions of $630 million as part of our capital recycling initiatives and continued steps toward improving the quality of our portfolio, said Richard J. Campo, Camdens Chairman and CEO. "Since 2011, we have completed the sale of $2.4 billion of assets and expect total dispositions to approach nearly $3 billion by the end of 2016. Over the same time period, we have grown our average monthly revenue per occupied home by over 50% while... More