Camden property trust (CPT)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Amortization of Intangible Assets

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property revenues
Property revenues

1,045,773

1,028,461

1,009,919

991,017

972,389

954,505

1,037,220

990,140

943,477

900,896

759,723

752,804

751,580

750,597

749,769

744,648

733,715

721,816

679,176

680,773

682,898

686,642

721,444

709,737

697,933

683,362

653,558

637,002

620,143

602,004

555,861

540,209

526,601

516,182

512,853

504,432

495,879

488,895

523,134

526,077

0

0

0

Property operating and maintenance

238,597

235,589

232,480

227,176

223,764

220,732

219,253

222,370

220,185

217,817

214,164

207,753

208,059

206,780

207,509

207,210

203,523

202,105

187,735

189,583

192,678

194,574

208,536

204,611

202,134

199,650

191,454

189,682

187,869

185,720

170,716

169,916

168,174

166,866

168,742

167,010

164,663

163,628

180,921

178,063

0

0

0

Real estate taxes

131,048

130,758

130,178

129,442

126,688

122,847

118,244

115,577

113,054

110,925

107,616

106,118

105,615

104,575

105,228

103,817

101,098

98,895

95,028

93,191

92,226

91,126

92,222

90,241

88,435

86,041

81,540

78,006

74,520

70,710

65,181

64,141

63,375

63,346

62,177

61,937

62,418

63,150

70,570

72,362

0

0

0

Total property expenses

369,645

366,347

362,658

356,618

350,452

343,579

337,497

337,947

333,239

328,742

321,780

313,871

313,674

311,355

312,737

311,027

304,621

301,000

282,763

282,774

284,904

285,700

300,758

294,852

290,569

285,691

272,994

267,688

262,389

256,430

235,897

234,057

231,549

230,212

230,919

228,947

227,081

226,778

251,491

250,425

0

0

0

Non-property income
Non-property income
Income from discontinued operations allocated to common units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee and asset management

9,380

8,696

7,676

7,363

0

-

0

0

-

8,176

888,208

880,265

878,373

876,447

874,293

866,651

851,605

835,618

783,377

783,882

785,942

790,263

831,836

818,478

804,969

788,851

754,472

736,495

718,430

698,318

644,553

627,014

611,498

599,401

596,283

586,333

576,222

568,072

610,242

612,276

0

0

0

Interest and other income

3,121

3,090

2,546

1,446

1,606

2,101

3,101

3,101

3,170

3,011

2,415

2,957

2,612

2,202

1,655

835

761

597

388

711

614

842

803

459

1,453

1,217

1,216

1,133

30

-710

-850

-961

-810

4,649

15,435

15,994

16,400

8,584

-2,684

-4,232

0

0

0

Income/(loss) on deferred compensation plans

-3,522

21,694

4,688

7,447

4,026

-6,535

8,671

8,780

11,786

16,608

12,436

12,282

10,065

5,511

6,388

-544

-2,065

-264

132

2,805

5,120

3,937

5,012

8,092

5,972

8,290

6,164

2,068

-15

4,772

9,360

5,045

8,605

6,773

5,996

19,010

14,053

11,581

15,012

15,754

0

0

0

Total non-property income (loss)

8,979

33,480

14,663

16,010

12,708

2,797

19,793

20,191

23,382

27,795

22,298

22,237

19,524

14,577

15,182

7,665

5,897

7,332

8,134

11,359

14,106

14,611

15,989

19,690

19,244

21,197

18,970

14,736

12,331

16,407

21,100

16,279

18,853

21,395

24,440

37,512

32,535

28,337

27,428

28,915

0

0

0

Other expenses
Property management

25,160

25,290

25,207

25,526

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fee and asset management

5,418

5,759

5,162

4,934

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

53,126

53,201

53,649

52,809

51,820

50,735

50,115

49,763

49,942

50,587

50,164

48,708

48,060

47,415

47,949

48,929

48,708

46,233

53,715

52,256

51,208

51,005

39,619

39,281

40,337

40,586

41,193

40,503

38,643

37,528

36,776

36,045

34,347

35,456

34,815

33,811

33,146

30,762

29,871

29,549

0

0

0

Interest

79,943

80,706

82,585

83,101

84,359

84,263

82,834

82,809

84,168

86,750

89,341

91,207

92,311

93,145

93,676

94,274

96,050

97,312

99,632

98,925

96,825

94,906

94,663

95,971

98,022

99,784

99,418

101,008

102,458

104,246

105,737

107,226

109,360

112,414

116,287

120,714

124,075

125,893

126,195

128,416

0

0

0

Depreciation and amortization

347,859

336,274

329,411

320,073

310,996

300,946

290,462

281,000

270,464

263,974

258,548

254,366

251,789

250,146

249,063

247,567

245,051

240,944

226,787

224,630

222,643

222,055

232,299

227,405

222,081

216,288

204,788

199,912

198,370

194,673

179,916

173,874

167,541

165,486

167,720

167,387

164,643

161,760

170,709

171,377

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,576

3,610

3,612

3,608

3,837

4,272

5,262

5,877

6,239

6,080

4,903

4,102

3,306

2,978

0

0

0

Expense/(benefit) on deferred compensation plans

-3,522

21,694

4,688

7,447

4,026

-6,535

8,671

8,780

11,786

16,608

12,436

12,282

10,065

5,511

6,388

-544

-2,065

-264

132

2,805

5,120

3,937

5,012

8,092

5,972

8,290

6,164

2,068

-15

4,772

9,360

5,045

8,605

6,773

5,996

19,010

14,053

11,581

15,012

15,754

0

0

0

Total other expenses

507,984

522,924

500,683

493,753

481,470

459,441

461,766

451,767

445,729

447,595

440,054

435,455

431,017

425,190

426,034

419,610

416,765

412,022

405,177

404,092

402,136

399,314

398,735

398,132

393,505

392,478

383,917

376,394

371,928

373,254

363,244

353,087

352,224

352,627

356,973

372,482

365,805

358,921

369,149

372,031

0

0

0

Gain on sale of land

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-323

-323

-323

-323

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Gain on sale of operating properties

-

-

-

-

-

-

-

-

-

-

-

-

-

295,397

314,493

51,774

19,539

104,288

240,872

242,680

244,127

159,289

3,609

1,801

354

698

698

698

698

0

0

4,748

0

-

0

0

-

-

-

0

-

-

-

Gain on acquisition of controlling interest in joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,418

40,191

40,191

40,191

0

0

0

0

-

-

-

-

-

-

Impairment associated with land holdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of unconsolidated joint venture interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

0

0

0

-

-

0

0

-

-

Loss on discontinuation of hedging relationship

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments, Net of Dividends or Distributions

15,010

14,800

8,119

7,919

7,919

7,836

7,572

6,927

6,812

6,800

6,930

7,541

7,445

7,125

6,733

6,441

6,283

6,168

5,621

4,910

4,115

7,023

10,096

11,159

28,221

24,865

36,147

37,909

20,743

20,175

10,531

6,287

5,671

5,679

-220

92

-360

-839

-823

-357

0

0

0

Income from continuing operations before income taxes

230,404

225,359

169,387

164,612

161,094

162,118

210,783

206,450

206,537

202,084

155,279

423,113

455,282

457,001

471,930

201,894

161,938

240,384

350,064

355,965

360,098

285,020

160,885

156,992

168,714

157,442

170,603

162,983

135,112

162,634

117,234

102,627

67,397

19,729

7,704

-2,399

15,883

9,107

16,443

15,898

0

0

0

Income tax expense

1,399

1,100

1,011

1,028

1,180

1,400

1,290

1,472

1,117

1,200

1,421

1,309

1,773

1,617

1,742

1,840

1,758

1,872

2,811

2,666

1,858

1,903

665

1,032

1,901

1,826

1,803

1,417

1,383

1,208

1,323

1,302

1,124

2,220

2,184

2,583

2,631

1,581

1,412

1,047

0

0

0

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

455,384

470,188

200,054

160,180

238,512

0

0

0

-

-

-

166,813

155,616

168,800

161,566

133,729

161,426

115,911

101,325

66,273

17,509

5,520

-4,982

13,252

7,526

15,031

14,851

0

0

0

Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax

-

-

-

-

-

-

-

-

-

-

-

-

-

7,605

12,523

17,430

19,957

19,750

0

0

0

-

-

-

-

8,515

14,932

16,577

17,190

17,406

24,745

21,879

20,029

17,831

0

0

0

-

-

-

0

0

0

Gain on sale of discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

182,160

173,586

139,176

114,310

115,068

57,162

57,162

57,162

24,621

0

0

0

-

-

-

-

-

0

Net income

229,016

224,270

168,352

163,560

159,890

160,694

209,469

204,954

205,396

200,860

153,858

421,804

831,275

838,226

857,948

592,721

180,137

258,262

381,084

382,223

381,306

301,314

251,809

284,278

322,931

346,291

357,318

317,319

265,229

293,900

197,818

180,366

143,464

59,961

29,178

18,659

36,962

31,142

18,053

34,708

0

0

0

Less income allocated to non-controlling interests

4,722

4,647

4,547

4,486

4,544

4,566

4,548

4,515

4,440

4,438

4,532

15,964

18,321

18,403

18,425

7,052

4,691

8,947

13,864

13,764

13,654

9,225

4,227

4,206

4,195

4,022

4,545

4,541

4,559

4,459

3,845

3,572

3,334

3,126

2,368

2,048

1,631

821

1,047

1,037

0

0

0

Less income, including gain on sale, allocated to non-controlling interests from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,905

4,239

4,261

2,562

3,200

1,298

1,232

1,178

456

0

0

0

-

-

-

-

-

-

Less income allocated to perpetual preferred units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

776

2,526

4,276

6,026

7,000

7,000

7,000

7,000

7,000

7,000

7,000

0

0

0

Less write off of original issuance costs of redeemed perpetual preferred units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,075

2,075

2,075

2,075

0

0

0

0

-

-

-

-

-

-

Net income attributable to common shareholders

224,294

219,623

163,805

159,074

155,346

156,128

204,921

200,439

200,956

196,422

149,326

405,840

812,954

819,823

839,523

585,669

175,446

249,315

367,220

368,459

367,652

292,089

243,587

276,024

312,924

336,364

348,534

308,517

258,108

283,390

188,074

169,211

130,851

49,379

19,676

9,486

28,217

23,216

10,006

26,671

0

0

0

Earnings per share - basic
Income (Loss) from Continuing Operations, Per Basic Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.45

3.23

0.72

0.41

0.62

0.36

0.34

1.23

-

-

-

-

0.46

0.38

0.53

0.33

0.61

0.31

0.23

0.66

0.10

0.14

-0.24

0.09

-0.06

0.01

0.02

0.02

0.06

0.01

Earnings per common share from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

4.22

0.05

0.05

0.05

0.06

0.06

-

-

-

-

1.02

0.42

0.29

0.39

1.02

0.05

0.03

0.44

0.54

0.02

0.01

0.01

0.31

0.01

0.01

0.01

-

0.29

Earnings per share – basic

0.43

0.96

0.44

0.43

0.40

0.41

0.41

0.40

0.41

0.94

0.38

0.43

0.39

0.45

3.23

4.94

0.46

0.67

0.41

0.40

1.29

2.01

0.43

0.40

0.45

1.48

0.80

0.82

0.72

1.63

0.36

0.26

1.10

0.64

0.16

-0.23

0.10

0.25

0.02

0.03

0.03

0.06

0.30

Earnings per share - diluted
Income (Loss) from Continuing Operations, Per Diluted Share

-

-

-

-

-

-

-

-

-

-

-

-

-

0.45

3.21

0.72

0.41

0.62

0.36

0.34

1.22

-

-

-

-

0.45

0.38

0.53

0.33

0.60

0.31

0.23

0.65

0.10

0.14

-0.24

0.09

-0.06

0.01

0.02

0.02

0.06

0.01

Earnings per common share from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

0.00

4.20

0.05

0.06

0.05

0.06

0.05

-

-

-

-

1.01

0.41

0.28

0.39

1.02

0.04

0.03

0.42

0.53

0.02

0.01

0.01

0.31

0.01

0.01

0.01

-

0.29

Earnings per share – diluted

0.43

0.95

0.44

0.43

0.40

0.42

0.40

0.40

0.41

0.93

0.38

0.43

0.39

0.46

3.21

4.92

0.46

0.68

0.41

0.40

1.27

1.99

0.43

0.40

0.45

1.46

0.79

0.81

0.72

1.62

0.35

0.26

1.07

0.63

0.16

-0.23

0.10

0.25

0.02

0.03

0.03

0.06

0.30

Distributions declared per common share

-

-

-

-

-

-

-

-

-

-

0.75

0.75

0.75

-

5.00

0.75

0.75

-

0.70

0.70

0.70

-

0.66

0.66

0.66

-

0.63

0.63

0.63

-

0.56

0.56

0.56

-

0.49

0.49

0.49

-

0.45

0.45

0.45

0.45

0.45

Weighted average number of common shares outstanding – basic

99,298

99,086

98,959

98,903

96,892

95,265

95,257

95,243

95,067

94,955

91,011

90,105

89,925

89,748

89,669

89,559

89,344

89,176

89,164

89,153

88,987

88,694

88,146

87,845

87,651

87,473

87,449

87,191

86,703

86,349

85,631

83,223

79,885

73,533

73,242

72,343

71,906

70,767

69,100

68,090

66,475

66,094

61,499

Weighted average number of common shares outstanding – diluted

99,380

102,432

99,066

98,997

97,041

94,664

95,417

95,337

96,046

96,037

92,033

91,041

90,949

89,229

90,012

89,862

90,509

87,714

89,530

90,252

90,464

86,723

89,353

88,972

88,824

89,512

88,716

88,472

87,276

89,230

86,293

83,846

82,855

74,448

74,274

72,343

72,783

69,957

69,441

68,386

66,648

66,602

61,499

Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129,170

154,116

107,465

91,402

54,838

7,383

-3,848

-14,030

4,621

-295

6,984

6,814

0

0

0

Income from discontinued operations, including gain on sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

131,500

132,474

81,907

79,041

77,191

42,452

23,658

23,641

23,710

23,616

0

0

0

-

-

Less income, including gain on sale, allocated to non-controlling interests from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,905

4,239

4,261

2,562

3,200

1,298

1,232

1,178

456

0

0

0

-

-

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,938

129,274

80,609

77,809

76,013

41,996

0

0

0

-

-

0

-

0

0

Income from discontinued operations attributable to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

Net Income (Loss) Attributable to Parent

224,294

219,623

163,805

159,074

155,346

156,128

204,921

200,439

200,956

196,422

149,326

405,840

812,954

819,823

839,523

585,669

175,446

249,315

367,220

368,459

367,652

292,089

243,587

276,024

312,924

336,364

348,534

308,517

258,108

283,390

188,074

169,211

130,851

49,379

19,676

9,486

28,217

23,216

10,006

26,671

0

0

0

Condensed Consolidated Statements of Comprehensive Income
Net income

229,016

224,270

168,352

163,560

159,890

160,694

209,469

204,954

205,396

200,860

153,858

421,804

831,275

838,226

857,948

592,721

180,137

258,262

381,084

382,223

381,306

301,314

251,809

284,278

322,931

346,291

357,318

317,319

265,229

293,900

197,818

180,366

143,464

59,961

29,178

18,659

36,962

31,142

18,053

34,708

0

0

0

Other comprehensive income
Unrealized (loss) on cash flow hedging activities

-7,060

-12,998

-20,200

-14,998

-2,757

6,782

13,920

10,472

5,291

1,690

1,754

0

0

-

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-2,692

-2,202

-7,525

-12,745

-19,059

-28,281

-21,597

0

0

0

Reclassification of net losses on cash flow hedging activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39,657

45,675

39,742

11,740

23,385

11,535

11,891

0

0

0

Unrealized gain on available-for-sale securities, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,395

0

0

-

0

-

-

-

-

Reclassification of net loss (gain) on cash flow hedging activities, prior service cost and net loss on post retirement obligation

730

-11

-719

-1,041

-656

-246

138

137

137

136

135

133

132

130

134

140

144

149

137

119

96

74

62

56

55

54

94

73

52

30

-23

-16

-8

0

0

0

0

-

-

-

-

-

-

Reclassification of gain on available-for-sale investment to earnings, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Comprehensive income

222,237

210,812

147,883

147,971

156,927

167,680

223,507

215,543

210,804

202,666

155,667

421,857

831,327

838,276

858,439

593,218

180,638

258,768

380,251

380,955

380,015

300,001

251,355

284,235

322,887

346,246

356,957

316,951

264,856

293,521

196,957

179,606

174,293

92,736

70,681

62,470

47,551

38,839

14,871

35,940

0

0

0

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

455,384

470,188

200,054

160,180

238,512

0

0

0

-

-

-

166,813

155,616

168,800

161,566

133,729

161,426

115,911

101,325

66,273

17,509

5,520

-4,982

13,252

7,526

15,031

14,851

0

0

0

Less income allocated to non-controlling interests

4,722

4,647

4,547

4,486

4,544

4,566

4,548

4,515

4,440

4,438

4,532

15,964

18,321

18,403

18,425

7,052

4,691

8,947

13,864

13,764

13,654

9,225

4,227

4,206

4,195

4,022

4,545

4,541

4,559

4,459

3,845

3,572

3,334

3,126

2,521

0

0

-

0

-

-

-

-

Comprehensive income attributable to common shareholders

217,515

206,165

143,336

143,485

152,383

163,114

218,959

211,028

206,364

198,228

151,135

405,893

813,006

819,873

840,014

586,166

175,947

249,821

366,387

367,191

366,361

290,776

243,133

275,981

312,880

336,319

348,173

308,149

257,735

283,011

187,213

168,451

161,680

82,154

61,179

53,297

38,806

30,913

6,824

27,903

0

0

0

Property management
Expenses

-

-

-

-

-

-

-

-

25,385

-

25,760

25,149

25,012

25,125

24,779

24,889

24,403

23,055

22,385

22,101

22,023

22,070

22,304

22,241

21,630

21,774

22,730

22,886

22,495

21,796

20,852

20,393

20,651

20,686

20,466

20,205

20,118

19,982

19,371

19,124

0

0

0

Fee and asset management expense
Expenses

-

-

-

-

-

-

-

-

3,984

-

3,805

3,743

3,780

3,848

4,179

4,495

4,618

4,742

5,019

5,032

5,158

5,341

5,034

5,299

5,538

5,756

6,048

6,407

6,365

6,631

6,766

6,232

6,458

5,935

5,450

5,275

4,867

4,841

4,685

4,833

0

0

0

Other property revenues
Revenue from Contract with Customer, Excluding Assessed Tax

-

-

-

-

-

-

-

-

-

-

128,485

127,461

126,793

125,850

124,524

122,003

117,890

113,802

104,201

103,109

103,044

103,621

110,392

108,741

107,036

105,489

100,914

99,493

98,287

96,314

88,692

86,805

84,897

83,219

83,430

81,901

80,343

79,177

87,108

86,199

0

0

0

Fee and asset management income
Revenues

-

-

-

-

-

-

-

-

8,426

-

7,447

6,998

6,847

6,864

7,139

7,374

7,201

6,999

7,614

7,843

8,372

9,832

10,174

11,139

11,819

11,690

11,590

11,535

12,316

12,345

12,590

12,195

11,058

9,973

9,099

8,598

8,172

8,172

7,846

7,945

0

0

0