Professional
Added to YB: 2024-02-23
Pitch date: 2024-02-21
CPT [bullish]
Camden Property Trust
+22.16%
current return
Author Info
No bio for this author
Company Info
Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities.
Market Cap
$11.2B
Pitch Price
$88.89
Price Target
N/A
Dividend
3.91%
EV/EBITDA
16.79
P/E
30.61
EV/Sales
9.57
Sector
Residential REITs
Category
value
GoodHaven Fund Portfolio Holding - Camden Property Trust
$CPT: Skilled multifamily REIT w/ 172 properties, 60K units in SE US & Sunbelt. Rent growth stabilizing post-boom; asset values adjusting to higher rates. New supply muted by tight lending. 50% off highs, implied valuation below private market. Attractive risk/reward.
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