Camden Property Trust (CPT) posted an increase in first-quarter net income and earnings per share compared to the previous year. Despite the profit growth, the company saw a marginal decline in total revenue for the period.
- Q1 earnings rose to $42.44 million from $38.82 million year-over-year
- Earnings per share increased to $0.40 from $0.36
- Quarterly revenue declined 0.5% to $388.77 million
- Next quarter EPS guidance set between $0.13 and $0.17
- Full-year EPS guidance projected between $0.51 and $0.81
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