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Camden Property Trust (CPT) Q3 2025 earnings results (third quarter 2025)

10-Q filed Nov 7, 2025

Camden Property Trust (CPT) reported revenue of $2.6M for the third quarter 2025 (Q3 2025), +50% from a year earlier and -3% from the quarter before.

Revenue$2.6M
Year over year+50%
Quarter over quarter-3%
Operating margin—
Net earnings$114M

Camden Property Trust, Q3 2025: revenue $2.6M (+50% year over year), net earnings $114M, operating cash flow $251M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$2.6M-3%+50%
Operating profit−$143M——
Net earnings$114M+38%—
Operating cash flow$251M+9%-4%
Free cash flow$136M+19%-18%

What changed

Revenue was $2.6M in Q3 2025, up 50% year over year and down 3% from the previous quarter.

Operating costs exceeded revenue by $143.1M, an operating margin of -5580.2%. Total costs grew 2% against revenue growth of 50%. Net earnings were $108.9M. The effective tax rate was 0.0%. Non-operating items added $256.7M, 226% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $250.9M (down 4% year over year), 221% of net income including minority interests. Non-cash charges added back $159.5M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $26.6M. Capital expenditures of $115.2M left free cash flow of $135.8M.

Questions

What was Camden Property Trust's revenue in the third quarter 2025?

Camden Property Trust (CPT) reported revenue of $2.6M for the third quarter 2025 (Q3 2025), +50% from a year earlier and -3% from the quarter before.

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Source: Camden Property Trust 10-Q on SEC EDGAR.