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Camden Property Trust Q3 Profit misses estimates

October 27, 2022 — 05:14 pm EDT

Written by RTTNews.com for RTTNews ->

(RTTNews) - Camden Property Trust (CPT) revealed a profit for third quarter that missed the Street estimates.

The company's earnings totaled $29.84 million, or $0.27 per share. This compares with $29.48 million, or $0.29 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Camden Property Trust earnings at a glance (GAAP) :

-Earnings (Q3): $29.84 Mln. vs. $29.48 Mln. last year. -EPS (Q3): $0.27 vs. $0.29 last year. -Analyst Estimates: $0.35

-Guidance: Next quarter EPS guidance: $0.36 - $0.40 Full year EPS guidance: $5.98 - $6.02

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
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