CPT Q1 2024 Update

Camden Property Trust (CPT) CPT 0.00%↑ had a solid earnings release.

There was a slight improvement to guidance for same-property NOI (Net Operating Income) at the midpoint:

• Old: 0.0% 

• New: 0.5%

That looks positive.

It comes from expectations for lower property operating expenses.

The reduced expenses at the property level were offset by higher interest expenses.

Theref…