Camden Property Trust (CPT) Files 10-K for the Fiscal Year Ended on December 31, 2017
- By insider
Camden Property Trust (CPT) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Camden Property Trust, a Texas real estate investment trust engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden Property Trust has a market cap of $7.7 billion; its shares were traded at around $83.09 with a P/E ratio of 39.39 and P/S ratio of 9.48. The dividend yield of Camden Property Trust stocks is 3.62%. Camden Property Trust had annual average EBITDA growth of 10.50% over the past ten years.
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The intrinsic value of CPT
For the last quarter Camden Property Trust reported a revenue of $263.1 million, compared with the revenue of $185.5 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $892.0 million, a decrease of 17.9% from the previous year. For the last five years Camden Property Trust had an average revenue growth rate of 7.3% a year.
The reported diluted earnings per share was $2.13 for the year, a decline of 76.5% from the previous year. Over the last five years Camden Property Trust had an EPS growth rate of 0.8% a year. The Camden Property Trust had a decent operating margin of 22.66%, compared with the operating margin of 40.79% a year before. The 10-year historical median operating margin of Camden Property Trust is 16.36%. The profitability rank of the company is 6 (out of 10).
At the end of the fiscal year, Camden Property Trust has the cash and cash equivalents of $368.5 million, compared with $237.4 million in the previous year. The long term debt was $2.2 billion, compared with $2.5 billion in the previous year. The interest coverage to the debt is 2.3, which is not a favorable level. Camden Property Trust has a financial strength rank of 4 (out of 10).
At the current stock price of $83.09, Camden Property Trust is traded at 23.9% premium to its historical median P/S valuation band of $67.08. The P/S ratio of the stock is 9.48, while the historical median P/S ratio is 7.64. The stock gained 5.98% during the past 12 months.
For the complete 20-year historical financial data of CPT, click here.
This article first appeared on GuruFocus.
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The intrinsic value of CPT
