2024-03-13 08:40:03 ET
Summary
- Camden Property Trust is a solid REIT with four decades of experience in real state.
- The company has a well-built HR moat consisting of one of the best working environments in the USA.
- A low dividend yield and FFO underperformance are the biggest problems for the stock.
- Their primary markets are set to be oversupplied for years to come, stacking the odds against CPT.
Camden Property Trust ( CPT ), although a solid REIT with a strong human moat, a good debt outlook, and a strong portfolio, is probably headed into years of underperformance caused by oversupply in its primary markets.
A REIT Of Sunbelt Apartments
CPT is an S&P 500 REIT whose primary focus is apartments in areas of projected high employment and population growth. It aims at higher-income tenants. Its average monthly rent per home of $1,994 exceeds the national average of $1,372. ...
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Camden Property Trust: Rough Years Might Be Ahead