2013 Q4 Form 10-Q Financial Statement

#000090634513000024 Filed on November 01, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $204.3M $199.7M $179.7M
YoY Change 11.16% 11.17% 13.91%
Cost Of Revenue $75.50M $79.60M $74.80M
YoY Change 7.24% 6.42% 3.89%
Gross Profit $122.3M $120.1M $106.9M
YoY Change 14.09% 12.35% 15.94%
Gross Profit Margin 59.86% 60.13% 59.5%
Selling, General & Admin $9.200M $10.00M $9.300M
YoY Change -6.12% 7.53% 8.14%
% of Gross Profit 7.52% 8.33% 8.7%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $56.10M $55.80M $52.80M
YoY Change 4.86% 5.68% 18.65%
% of Gross Profit 45.87% 46.46% 49.39%
Operating Expenses $60.50M $61.20M $55.70M
YoY Change 8.04% 9.87% 10.08%
Operating Profit $61.80M $58.90M $51.20M
YoY Change 20.7% 15.04% 23.08%
Interest Expense -$20.80M $24.28M $25.87M
YoY Change 92.59% -6.15% -5.44%
% of Operating Profit -33.66% 41.21% 50.52%
Other Income/Expense, Net
YoY Change
Pretax Income $41.00M $35.79M $28.17M
YoY Change -28.82% 27.05% 107.67%
Income Tax $200.0K $700.0K $300.0K
% Of Pretax Income 0.49% 1.96% 1.06%
Net Earnings $130.0M $70.72M $30.70M
YoY Change -8.56% 130.34% 159.32%
Net Earnings / Revenue 63.62% 35.41% 17.09%
Basic Earnings Per Share $1.47 $0.80 $0.36
Diluted Earnings Per Share $1.46 $0.79 $0.35
COMMON SHARES
Basic Shares Outstanding 85.31M shares 87.45M shares 85.63M shares
Diluted Shares Outstanding 88.72M shares 86.29M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.80M $4.700M $5.600M
YoY Change -33.33% -16.07% -90.02%
Cash & Equivalents $17.79M $4.707M $5.590M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $27.70M $27.50M $28.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $45.50M $32.20M $34.50M
YoY Change -24.54% -6.67% -60.57%
LONG-TERM ASSETS
Property, Plant & Equipment $5.429B $5.384B $5.027B
YoY Change 5.31% 7.08% 14.86%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $42.20M $43.30M $46.60M
YoY Change -6.43% -7.08% 25.95%
Other Assets $6.600M $119.7M $13.10M
YoY Change -81.92% 813.74% -40.99%
Total Long-Term Assets $5.587B $5.659B $5.183B
YoY Change 4.92% 9.17% 15.01%
TOTAL ASSETS
Total Short-Term Assets $45.50M $32.20M $34.50M
Total Long-Term Assets $5.587B $5.659B $5.183B
Total Assets $5.632B $5.691B $5.218B
YoY Change 4.59% 9.07% 13.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $113.3M $124.3M $118.9M
YoY Change 11.19% 4.54% 21.82%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $205.7M $231.3M $212.6M
YoY Change 14.09% 8.8% 21.76%
LONG-TERM LIABILITIES
Long-Term Debt $2.531B $2.665B $2.394B
YoY Change 0.81% 11.33% -1.62%
Other Long-Term Liabilities $135.5M $116.8M $78.60M
YoY Change 100.15% 48.6% -29.19%
Total Long-Term Liabilities $2.666B $2.782B $2.472B
YoY Change 3.42% 12.52% -2.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $205.7M $231.3M $212.6M
Total Long-Term Liabilities $2.666B $2.782B $2.472B
Total Liabilities $2.825B $2.966B $2.685B
YoY Change 2.4% 10.48% -6.95%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $3.596B $3.596B $3.581B
YoY Change 0.24% 0.42%
Preferred Stock
YoY Change
Treasury Stock (at cost) $410.2M $410.3M $425.8M
YoY Change -3.56% -3.63%
Treasury Stock Shares 11.35M shares 11.35M shares 11.78M shares
Shareholders Equity $2.692B $2.613B $2.463B
YoY Change
Total Liabilities & Shareholders Equity $5.632B $5.691B $5.218B
YoY Change 4.59% 9.07% 13.57%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $130.0M $70.72M $30.70M
YoY Change -8.56% 130.34% 159.32%
Depreciation, Depletion And Amortization $56.10M $55.80M $52.80M
YoY Change 4.86% 5.68% 18.65%
Cash From Operating Activities $94.70M $128.6M $109.1M
YoY Change 27.46% 17.87% 26.86%
INVESTING ACTIVITIES
Capital Expenditures $112.6M -$204.4M -$195.8M
YoY Change -145.38% 4.39% 123.77%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$10.10M -$1.700M
YoY Change -100.22% 494.12% 41.67%
Cash From Investing Activities $112.3M -$214.6M -$197.4M
YoY Change -262.05% 8.71% 122.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -193.9M 84.20M 41.80M
YoY Change -1311.87% 101.44% -1050.0%
NET CHANGE
Cash From Operating Activities 94.70M 128.6M 109.1M
Cash From Investing Activities 112.3M -214.6M -197.4M
Cash From Financing Activities -193.9M 84.20M 41.80M
Net Change In Cash 13.10M -1.800M -46.50M
YoY Change -37.62% -96.13% 554.93%
FREE CASH FLOW
Cash From Operating Activities $94.70M $128.6M $109.1M
Capital Expenditures $112.6M -$204.4M -$195.8M
Free Cash Flow -$17.90M $333.0M $304.9M
YoY Change -105.55% 9.22% 75.73%

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us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
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CY2013Q3 us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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CY2012Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1. Description of Business</font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Business</font><font style="font-family:inherit;font-size:10pt;">. Formed on May&#160;25, 1993, Camden Property Trust, a Texas real estate investment trust (&#8220;REIT&#8221;), is primarily engaged in the ownership, management, development, acquisition, and construction of multifamily apartment communities. Our multifamily apartment communities are referred to as &#8220;communities,&#8221; &#8220;multifamily communities,&#8221; &#8220;properties,&#8221; or &#8220;multifamily properties&#8221; in the following discussion. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">September&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, we owned interests in, operated, or were developing </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">192</font><font style="font-family:inherit;font-size:10pt;"> multifamily properties comprised of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">66,278</font><font style="font-family:inherit;font-size:10pt;"> apartment homes across the United States. Of the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">192</font><font style="font-family:inherit;font-size:10pt;"> properties, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">12</font><font style="font-family:inherit;font-size:10pt;"> properties were under construction, and when completed will consist of a total of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">3,644</font><font style="font-family:inherit;font-size:10pt;"> apartment homes. In addition, we own land holdings we may develop into multifamily apartment communities in the future.</font></div></div>
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2013Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2013Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2013Q3 us-gaap Other Real Estate Revenue
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27653000 USD
us-gaap Other Real Estate Revenue
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us-gaap Other Real Estate Revenue
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CY2013Q3 us-gaap Owned Property Management Costs
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5353000 USD
us-gaap Owned Property Management Costs
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16578000 USD
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us-gaap Payments To Acquire Interest In Joint Venture
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CY2013Q2 us-gaap Payments To Acquire Land
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments To Acquire Other Property Plant And Equipment
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us-gaap Payments To Acquire Real Estate
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Proceeds From Issuance Of Common Stock
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296373 shares
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CY2013Q3 us-gaap Real Estate Revenue Net
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201956000 USD
us-gaap Real Estate Revenue Net
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520685000 USD
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21226000 USD
us-gaap Real Estate Tax Expense
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53085000 USD
CY2013Q3 us-gaap Real Estate Tax Expense
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21618000 USD
CY2012Q3 us-gaap Real Estate Tax Expense
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17932000 USD
us-gaap Real Estate Tax Expense
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64919000 USD
us-gaap Repayments Of Lines Of Credit
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267900000 USD
us-gaap Repayments Of Lines Of Credit
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45000000 USD
us-gaap Repayments Of Notes Payable
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us-gaap Repayments Of Notes Payable
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29217000 USD
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us-gaap Proceeds From Lines Of Credit
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450900000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
79000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1754000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
1318000 USD
us-gaap Proceeds From Sale Of Land Heldforinvestment
ProceedsFromSaleOfLandHeldforinvestment
6600000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
54125000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
162019000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2466000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12575000 USD
CY2013Q3 us-gaap Profit Loss
ProfitLoss
71802000 USD
CY2012Q3 us-gaap Profit Loss
ProfitLoss
31803000 USD
us-gaap Profit Loss
ProfitLoss
147754000 USD
us-gaap Profit Loss
ProfitLoss
211172000 USD
CY2012Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
30517000 USD
CY2013Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
58765000 USD
CY2013Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1619325000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1518896000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
181763000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
50.43
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
73.32
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
41.52
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
69.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
57.90
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
349565 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
850369 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
862253 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
59.98
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
52.64
CY2013Q3 us-gaap Secured Debt
SecuredDebt
943039000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
972256000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
9950000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10682000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
65076 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20522 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
0 shares
CY2013Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
12600000 USD
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.00
CY2013Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
537663 shares
CY2013Q3 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
635568 shares
CY2012Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
838754 shares
CY2013Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
9600000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
182664 shares
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
906000 USD
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
1331000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
40098000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
693375000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
13606000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
11619000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2697000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
13273000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
2563099000 USD
CY2013Q3 us-gaap Stockholders Equity
StockholdersEquity
2613238000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2626708000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2677990000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1827768000 USD
CY2012Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2533108000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
-10241000 USD
us-gaap Temporary Equity Issue Period Increase Or Decrease
TemporaryEquityIssuePeriodIncreaseOrDecrease
12928000 USD
CY2013Q3 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
47092000 USD
CY2012Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
0 USD
us-gaap Transfer Mortgage Payable
TransferMortgagePayable
0 USD
us-gaap Transfer Mortgage Payable
TransferMortgagePayable
272606000 USD
CY2012Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
11771000 shares
CY2013Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
11354000 shares
CY2013Q3 us-gaap Treasury Stock Value
TreasuryStockValue
410309000 USD
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
425355000 USD
CY2012Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
288000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1958000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1387000 USD
CY2013Q3 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
623000 USD
CY2013Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 USD
CY2012Q4 us-gaap Unsecured Debt
UnsecuredDebt
1538212000 USD
CY2013Q3 us-gaap Unsecured Debt
UnsecuredDebt
1721998000 USD
cpt Accrual Associated With Construction And Capital Expenditures
AccrualAssociatedWithConstructionAndCapitalExpenditures
14428000 USD
CY2013Q2 cpt Acres Of Land Acquired
AcresOfLandAcquired
38.8 acre
cpt Amount Payable For Purchase Of Noncontrolling Interest
AmountPayableForPurchaseOfNoncontrollingInterest
10241000 USD
cpt Amount Payable For Purchase Of Noncontrolling Interest
AmountPayableForPurchaseOfNoncontrollingInterest
0 USD
cpt Annual Dividend Distribution Percentage To Shareholders To Qualify As Real Estate Investment Trust
AnnualDividendDistributionPercentageToShareholdersToQualifyAsRealEstateInvestmentTrust
0.90
CY2013Q3 cpt Anticipated Expenditures Relating To Completion Of Construction Type Contracts
AnticipatedExpendituresRelatingToCompletionOfConstructionTypeContracts
412200000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
88429000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84694000 shares
CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
86293000 shares
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
87902000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87117000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
85631000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82923000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
87449000 shares
cpt Accrual Associated With Construction And Capital Expenditures
AccrualAssociatedWithConstructionAndCapitalExpenditures
21502000 USD
CY2012Q4 cpt Balancepriortoamendmentof Nqd Cplanpermittingdiversification
BalancepriortoamendmentofNQDCplanpermittingdiversification
0 USD
cpt Business Combination Pro Forma Information Property Expenses Since Acquisition Date Actual
BusinessCombinationProFormaInformationPropertyExpensesSinceAcquisitionDateActual
2200000 USD
CY2012Q3 cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
700000 USD
cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
2100000 USD
cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
2300000 USD
CY2013Q3 cpt Capitalized Real Estate Taxes
CapitalizedRealEstateTaxes
700000 USD
cpt Change In Common Shareholders Equity And Net Transfers From Noncontrolling Interests
ChangeInCommonShareholdersEquityAndNetTransfersFromNoncontrollingInterests
206439000 USD
cpt Change In Common Shareholders Equity And Net Transfers From Noncontrolling Interests
ChangeInCommonShareholdersEquityAndNetTransfersFromNoncontrollingInterests
127491000 USD
cpt Changeinclassificationofdeferredcompensationplan
Changeinclassificationofdeferredcompensationplan
-34517000 USD
cpt Changeinclassificationofdeferredcompensationplan Equity
ChangeinclassificationofdeferredcompensationplanEquity
-34517000 USD
cpt Changeinredemptionvalueofeligiblenonqualifiedshareawards
Changeinredemptionvalueofeligiblenonqualifiedshareawards
12928000 USD
CY2013Q3 cpt Closing Share Price Per Share For Calculation Of Aggregate Intrinsic Values
ClosingSharePricePerShareForCalculationOfAggregateIntrinsicValues
61.44
CY2013Q3 cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
453000 shares
CY2012Q3 cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
662000 shares
cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
655000 shares
cpt Common Share Options And Share Awards Granted
CommonShareOptionsAndShareAwardsGranted
497000 shares
CY2013Q3 cpt Common Shares Outstanding Including Treasury Shares
CommonSharesOutstandingIncludingTreasuryShares
96662000 shares
CY2012Q4 cpt Common Shares Outstanding Including Treasury Shares
CommonSharesOutstandingIncludingTreasuryShares
96201000 shares
CY2012Q4 cpt Common Stocks Value Outstanding
CommonStocksValueOutstanding
962000 USD
CY2013Q3 cpt Common Stocks Value Outstanding
CommonStocksValueOutstanding
967000 USD
cpt Decrease In Apic For Purchase Of Remaining Noncontrolling Ownership Interest In Consolidated Jv
DecreaseInApicForPurchaseOfRemainingNoncontrollingOwnershipInterestInConsolidatedJv
0 USD
cpt Decrease In Apic For Purchase Of Remaining Noncontrolling Ownership Interest In Consolidated Jv
DecreaseInApicForPurchaseOfRemainingNoncontrollingOwnershipInterestInConsolidatedJv
13285000 USD
CY2013Q3 cpt Distributions Payable
DistributionsPayable
56793000 USD
CY2012Q4 cpt Distributions Payable
DistributionsPayable
49969000 USD
cpt Diversificationofshareawards
Diversificationofshareawards
353000 USD
cpt Diversificationofshareawardswithindeferredcompensationplan Equity
DiversificationofshareawardswithindeferredcompensationplanEquity
353000 USD
cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
2
CY2013Q3 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
2
CY2012 cpt Number Of Operating Properties Sold
NumberOfOperatingPropertiesSold
11
cpt Participant Withdrawals From Deferred Compensation Plan Investments
ParticipantWithdrawalsFromDeferredCompensationPlanInvestments
1200000 USD
CY2013Q3 cpt Proceedsfromdispositionincludedinrestrictedcash
Proceedsfromdispositionincludedinrestrictedcash
54100000 USD
CY2013Q3 cpt Properties Under Development Including Land
PropertiesUnderDevelopmentIncludingLand
438968000 USD
CY2013Q3 cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
2315000 USD
cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
3820000 USD
cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
5212000 USD
cpt Expected Useful Lives Of Intangible Assets Related To In Place Leases And Above And Below Market Leases
ExpectedUsefulLivesOfIntangibleAssetsRelatedToInPlaceLeasesAndAboveAndBelowMarketLeases
underlying lease term
CY2012Q3 cpt Expense Benefit On Deferred Compensation Plans
ExpenseBenefitOnDeferredCompensationPlans
-1781000 USD
CY2013Q3 cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
2400000 USD
cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
7500000 USD
CY2012Q3 cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
2800000 USD
cpt Fees Earned For Property And Asset Management Construction Development And Other Services To Joint Ventures
FeesEarnedForPropertyAndAssetManagementConstructionDevelopmentAndOtherServicesToJointVentures
8800000 USD
CY2013Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
34039000 USD
CY2012Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
26526000 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
97989000 USD
CY2013Q3 cpt Incomeallocatedtocommonunits
Incomeallocatedtocommonunits
0 USD
CY2012Q3 cpt Incomefromdiscontinuedoperationsallocatedtocommonunits
Incomefromdiscontinuedoperationsallocatedtocommonunits
0 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Common Units
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToCommonUnits
110780000 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
109833000 USD
CY2013Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
34039000 USD
CY2012Q3 cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
26526000 USD
cpt Income Loss From Continuing Operations After Adjustment For Amount Allocated To Participating Securities
IncomeLossFromContinuingOperationsAfterAdjustmentForAmountAllocatedToParticipatingSecurities
97004000 USD
CY2013Q3 cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
2315000 USD
cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
3820000 USD
cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
5212000 USD
CY2012Q3 cpt Income Loss On Deferred Compensation Plans
IncomeLossOnDeferredCompensationPlans
-1781000 USD
CY2012Q3 cpt Incomeallocatedtocommonunits
Incomeallocatedtocommonunits
0 USD
cpt Incomeallocatedtocommonunits
Incomeallocatedtocommonunits
985000 USD
cpt Incomeallocatedtocommonunits
Incomeallocatedtocommonunits
947000 USD
CY2013Q3 cpt Incomefromdiscontinuedoperationsallocatedtocommonunits
Incomefromdiscontinuedoperationsallocatedtocommonunits
0 USD
cpt Incomefromdiscontinuedoperationsallocatedtocommonunits
Incomefromdiscontinuedoperationsallocatedtocommonunits
852000 USD
cpt Incomefromdiscontinuedoperationsallocatedtocommonunits
Incomefromdiscontinuedoperationsallocatedtocommonunits
1778000 USD
cpt Net Income Attributable To Common Shareholders And Noncontrolling Interests
NetIncomeAttributableToCommonShareholdersAndNoncontrollingInterests
211172000 USD
cpt Net Income Attributable To Common Shareholders And Noncontrolling Interests
NetIncomeAttributableToCommonShareholdersAndNoncontrollingInterests
144903000 USD
CY2013Q3 cpt Net Operating Real Estate Assets
NetOperatingRealEstateAssets
4944550000 USD
CY2012Q4 cpt Net Operating Real Estate Assets
NetOperatingRealEstateAssets
4820555000 USD
cpt Netchangeinredemptionofnonqualifiedshareawards
Netchangeinredemptionofnonqualifiedshareawards
12796000 USD
cpt Netchangeinredemptionofnonqualifiedshareawards
Netchangeinredemptionofnonqualifiedshareawards
0 USD
cpt Noncontrolling Interest Increase Decreasefrom Equity Upon Conversion Of Operating Partnership Unit
NoncontrollingInterestIncreaseDecreasefromEquityUponConversionOfOperatingPartnershipUnit
-71000 USD
cpt Noncontrolling Interest Increase Decreasefrom Equity Upon Conversion Of Operating Partnership Unit
NoncontrollingInterestIncreaseDecreasefromEquityUponConversionOfOperatingPartnershipUnit
448000 USD
CY2012 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
3213
cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
1296
CY2013Q3 cpt Number Of Apartment Units In Property Disposed
NumberOfApartmentUnitsInPropertyDisposed
500
cpt Number Of Joint Ventures Accounted For Under Equity Method Investments
NumberOfJointVenturesAccountedForUnderEquityMethodInvestments
3
CY2013Q3 cpt Number Of Multifamily Communities
NumberOfMultifamilyCommunities
192
CY2013Q3 cpt Number Of Multifamily Properties Under Development
NumberOfMultifamilyPropertiesUnderDevelopment
12
CY2013Q3 cpt Number Of Operating Properties Acquired
NumberOfOperatingPropertiesAcquired
2
cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
10400000 USD
CY2012Q4 cpt Properties Under Development Including Land
PropertiesUnderDevelopmentIncludingLand
334463000 USD
CY2012Q4 cpt Real Estate Assets At Cost Total
RealEstateAssetsAtCostTotal
6339451000 USD
CY2013Q3 cpt Real Estate Assets At Cost Total
RealEstateAssetsAtCostTotal
6563875000 USD
CY2012Q4 cpt Real Estate Assets Total
RealEstateAssetsTotal
5230627000 USD
CY2013Q3 cpt Real Estate Assets Total
RealEstateAssetsTotal
5485621000 USD
CY2013Q3 cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-14000 USD
CY2012Q3 cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-7000 USD
cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-41000 USD
cpt Reclassification Of Prior Service Cost And Loss
ReclassificationOfPriorServiceCostAndLoss
-23000 USD
cpt Redemption Of Perpetual Preferred Units
RedemptionOfPerpetualPreferredUnits
100000000 USD
cpt Redemption Of Perpetual Preferred Units
RedemptionOfPerpetualPreferredUnits
0 USD
CY2012Q3 cpt Revenuespriortosaleofoperatingpropertiesinunconsolidatedjointventures
Revenuespriortosaleofoperatingpropertiesinunconsolidatedjointventures
1300000 USD
cpt Revenuespriortosaleofoperatingpropertiesinunconsolidatedjointventures
Revenuespriortosaleofoperatingpropertiesinunconsolidatedjointventures
6600000 USD
CY2012Q3 cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
3600000 USD
CY2013Q3 cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
3900000 USD
cpt Share Based Compensation Arrangement By Share Based Payment Award Compensation Cost For Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardCompensationCostForPeriod
11300000 USD
CY2013Q3 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Exercisable Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeExercisableOptionsWeightedAverageExercisePrice
43.70
CY2013Q3 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePrice
41.60
CY2012Q4 cpt Share Based Compensation Shares Authorized Under Stock Options Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price
ShareBasedCompensationSharesAuthorizedUnderStockOptionsPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePrice
42.36
CY2013Q3 cpt Shares Authorized
SharesAuthorized
185000000 shares
CY2012Q3 cpt Total Other Expenses
TotalOtherExpenses
91078000 USD
cpt Total Other Expenses
TotalOtherExpenses
279416000 USD
CY2013Q3 cpt Total Other Expenses
TotalOtherExpenses
99196000 USD
CY2012Q3 cpt Unamortized Value Of Above Or Below Market Leases
UnamortizedValueOfAboveOrBelowMarketLeases
200000 USD
CY2013Q3 cpt Unamortized Value Of Above Or Below Market Leases
UnamortizedValueOfAboveOrBelowMarketLeases
400000 USD
CY2012Q3 cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
1263000 USD
cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
12642000 USD
cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
15205000 USD
CY2013Q3 cpt Total Non Property Income Loss
TotalNonPropertyIncomeLoss
5497000 USD
CY2013Q3 cpt Total Number Of Apartment Homes In Multifamily Communities
TotalNumberOfApartmentHomesInMultifamilyCommunities
66278
CY2013Q3 cpt Total Number Of Apartment Homes In Multifamily Properties Upon Completion Of Development
TotalNumberOfApartmentHomesInMultifamilyPropertiesUponCompletionOfDevelopment
3644
cpt Total Other Expenses
TotalOtherExpenses
294563000 USD
CY2013Q3 cpt Weighted Average Maturity Of Indebtedness Including Unsecured Line Of Credit
WeightedAverageMaturityOfIndebtednessIncludingUnsecuredLineOfCredit
6.1 Y
CY2012Q3 cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
2075000 USD
CY2013Q3 cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
cpt Write Off Of Original Issuance Costs Of Redeemed Perpetual Preferred Units
WriteOffOfOriginalIssuanceCostsOfRedeemedPerpetualPreferredUnits
0 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000906345
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
85308064 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
CAMDEN PROPERTY TRUST

Files In Submission

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0000906345-13-000024-index.html Edgar Link pending
0000906345-13-000024.txt Edgar Link pending
0000906345-13-000024-xbrl.zip Edgar Link pending
cpt-20130930.xml Edgar Link completed
cpt-20130930.xsd Edgar Link pending
cpt-20130930_cal.xml Edgar Link unprocessable
cpt-20130930_def.xml Edgar Link unprocessable
cpt-20130930_lab.xml Edgar Link unprocessable
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