CPT - Camden Property Trust: Some Recovery Still A Worthy 'Buy'

2024-06-12 06:38:23 ET

Summary

• Camden Property Trust is a multi-family REIT with conservative leverage and a focus on high-growth markets.
• The company has a strong balance sheet, active capital recycling, and a track record of value creation.
• Despite a higher valuation, CPT still offers an attractive investment opportunity with potential upside.

Dear readers/followers,

In this article, we'll take a look at Camden Property Trust ( CPT ), a REIT I've been looking at previously and invested in when it was comparatively very cheap. The company is a multi-family REIT with a very conservative overall leverage. The yield isn't the greatest, but I believe it's made up by the overall safety of the business.

It's a roll of the dice if you want to call this REIT "Cheap". You certainly could, if we look at the long-term valuation levels and averages. However, given the premium the company typically commands, any sort of cheapness needs to be viewed in the context of this....

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