How does CPT's 2024 earnings trend compare to industry peers?
4/4/2025 01:39pm
Camden Property Trust (CPT) showed a stable earnings trend in 2024, with a slight decline in the fourth quarter, while its peers exhibited varying degrees of decline. Here's a comparison of CPT's performance with industry peers:
1. **CPT's Performance**:
- CPT's diluted EPS remained at $6.95 from January to December 2024, indicating stability.
- The last change in EPS was a decrease of 1.51% by the end of 2024, to $151.37.
- Total revenue for CPT also remained stable at $9.63 billion for the year.
2. **Peers' Performance**:
- **PEP (Pepsico)**: No specific financial data is available for Pepsico in the context of this question.
- **ESS (Essex Property Trust)**: ESS's diluted EPS decreased by 4.18% to $11.54 by the end of 2024. Total revenue remained at $1.77 billion for the quarter.
- **ABR (Arbor Realty Trust)**: ABR's diluted EPS decreased by 0.42% to $1.18, with the last change being a decrease of 3.18% in price to $118.89. Total revenue remained at $258.87 million for the quarter.
- **ACC (American Campus Communities)**: Specific financial data for ACC in 2024 is not available for comparison.
3. **Insights and Context**:
- CPT's peers experienced varying degrees of decline in EPS, with ESS and ABR showing more significant decreases than CPT.
- The absence of data for Pepsico's financial performance in the context of these comparisons limits a full assessment of CPT's relative performance.
- It's important to note that the Residential REITs industry can be affected by market conditions, interest rates, and property valuations, which can impact earnings trends.
In conclusion, CPT's 2024 earnings trend appears more stable compared to some of its peers, such as ESS and ABR, which experienced more significant declines in EPS. However, the lack of data for Pepsico and ACC prevents a comprehensive comparison. The industry as a whole may have faced common challenges that influenced the performance of these companies.