Camden Property Trust announced its third quarter 2026 operating results, reporting a diluted EPS of $8.71 primarily driven by a gain on the sale of its California portfolio. The company updated its full-year 2026 earnings guidance and adjusted its same-property growth forecasts.
Diluted EPS for 3Q26 was $8.71, compared to $1.00 in 3Q25.
Core FFO per diluted share for 3Q26 was $1.71, compared to $1.70 in 3Q25.
The company sold its California portfolio for approximately $1.6 billion, recognizing a gain of about $1.0 billion.
Full-year 2026 diluted EPS guidance was revised to a range of $9.42 to $9.46.
Camden Property Trust said Executive Vice Chairman D. Keith Oden retired effective August 31, 2026, and will remain on the Board of Trust Managers. A Separation and Release Agreement terminated his employment agreement and provides payments tied to amounts he would have received in February 2027, credited to a deferred compensation account. The filing does not state the dollar value of those payments.
D. Keith Oden retired as Executive Vice Chairman effective August 31, 2026, and continues as a board member.
His employment agreement was terminated under a Separation and Release Agreement with the company and Camden Development, Inc.
Payments reflect amounts he would have been eligible to receive in February 2027, credited to a cash deferral account under the Non-Qualified Deferred Compensation Plan.
The filing does not disclose the dollar amount of the payments; the agreement is filed as Exhibit 10.1.
Camden Property Trust said its Executive Vice Chairman, D. Keith Oden, is retiring from that role effective August 31, 2026. Mr. Oden will remain on the company's Board of Trust Managers, so his board seat continues.
D. Keith Oden is retiring as Executive Vice Chairman of the Board of Trust Managers effective August 31, 2026.
Mr. Oden will continue to serve as a member of the Board of Trust Managers.
The filing does not name a successor or describe any change in compensation.
Camden Property Trust reported second-quarter 2026 diluted EPS of $0.18, down from $0.74 a year earlier, while Core FFO was $1.68 versus $1.70. The company raised its 2026 EPS guidance midpoint to $9.93 from $9.27, a change the filing says is adjusted for the anticipated gain on the California portfolio sale, and left its 2026 Core FFO guidance midpoint unchanged at $6.75.
Q2 2026 diluted EPS was $0.18 versus $0.74 in Q2 2025; Core FFO per diluted share was $1.68 versus $1.70.
2026 EPS guidance midpoint is $9.93, up from $9.27; 2026 Core FFO guidance midpoint is $6.75, unchanged.
On July 29, 2026, the company sold 11 California communities with 3,620 apartment homes for about $1.625 billion.
The company agreed to pay $53.0 million into a class action settlement fund and issued a $350 million unsecured term loan after quarter end.
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