Camden (CPT) Q2 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Mon, May 4, 2026 astatine 12:23 PM CDT 47 min read

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DATE

Aug. 1, 2025, 11:00 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Richard J. Campo

• Executive Vice Chairman — D. Keith Oden

• President and Chief Financial Officer — Alexander J. K. Jessett

• Chief Operating Officer — Laurie A. Baker

• Senior Vice President of Investor Relations — Kimberly A. Callahan

Full Conference Call Transcript

Kimberly A. Callahan: Good morning, and invited to Camden Property Trust Second Quarter 2025 Earnings Conference Call. I'm Kim Callahan, Senior Vice President of Investor Relations. Joining maine contiguous for our prepared remarks are Ric Campo, Camden's Chairman and Chief Executive Officer; Keith Oden, Executive Vice Chairman; and Alex Jessett, President and Chief Financial Officer. We besides person Laurie Baker, Chief Operating Officer; and Stanley Jones, Senior Vice President of Real Estate Investments, disposable for the Q&A information of our call. Today's lawsuit is being webcast done the Investors conception of our website astatine camdenliving.com, and a replay volition beryllium disposable soon aft the telephone ends. And delight note, this lawsuit is being recorded.

Before we statesman our prepared remarks, I would similar to counsel everyone that we volition beryllium making forward-looking statements based connected our existent expectations and beliefs. These statements are not guarantees of aboriginal show and impact risks and uncertainties that could origin existent results to disagree materially from expectations. Further accusation astir these risks tin beryllium recovered successful our filings with the SEC, and we promote you to reappraisal them. Any forward-looking statements made connected today's telephone correspond management's existent opinions, and the institution assumes nary work to update oregon supplement these statements due to the fact that of consequent events.

As a reminder, Camden's implicit 2nd 4th 2025 net merchandise is disposable successful the Investors conception of our website astatine camdenliving.com, and it includes reconciliations to non- GAAP fiscal measures, which volition beryllium discussed connected this call. We would similar to respect everyone's clip and implicit our telephone wrong 1 hour. So delight bounds your archetypal question to rejoin the queue if you person a follow-up question oregon further items to discuss. If we are incapable to talk with everyone successful the queue today, we'd beryllium blessed to respond to further questions by telephone oregon email aft the telephone concludes. At this time, I'll crook the telephone implicit to Ric Campo.

Richard J. Campo: Thanks, Kim. Today's on-hold euphony featured The Beach Boys, arsenic a tribute to Co-Founder, Brian Wilson, who passed distant successful June. The Beach Boys upbeat philharmonic themes included bully vibrations, Surfing USA and fun, fun, fun, each acceptable with Team Camden and our civilization to a tea, it's Teper that is. Good vibrations proceed for our Sunbelt markets. and we should beryllium backmost to fun, fun, amusive adjacent year. Second 4th flat request was 1 of the champion successful 25 years pursuing a beardown archetypal quarter. Apartment affordability continued to amended during the 4th with 31 months of wage maturation exceeding rent growth. This expands affordability and increases flat demand, creating caller flat customers.