2024-04-19 03:44:14 ET
Summary
- Camden Property Trust, a major apartment REIT, is facing challenges in the Sunbelt market due to rising vacancies and falling rents.
- The company's exposure to A-Class apartments in markets with high expected increases in inventory is causing rent declines.
- However, Camden's large portion of B-Class apartments and its California exposure may help stabilize its portfolio.
Dear readers,
Camden Property Trust ( CPT ) is a major apartment REIT with nearly 60,000 units located across the Sunbelt (including California). Notably, a large portion of units are low-rise (59%) and B-Class (62%) which brings a number of advantages. I've written extensively about why I see B-Class in the Sunbelt as well positioned, especially relative to A-Class. If you're interested, you can read up on this topic in my article on BSR REIT ( BSRTF ) titled BSR REIT: Why B-Class Apartments Could Outperform ....
Read the full article on Seeking Alpha
For further details see:
Camden Property Trust: My Favorite Sunbelt REIT