Feb 6 (Reuters) - Camden Property Trust CPT.N forecast 2025 funds from operations (FFO) below Wall Street estimates on Thursday, as slowing growth in rental rates weighed on the real estate investment trust.
Shares of the Houston-based REIT were down more than 5% in after-market trade.
The company expects full-year 2025 adjusted FFO to be between $6.60 and $6.90 per share, the midpoint of which is at $6.75 per share, while analysts expect $6.80 per share, according to data compiled by LSEG.
Camden reported core adjusted FFO, a key performance measure for a REIT, of $1.73 per share in the quarter ended December 31, compared with analysts' average estimate of $1.70 per share.
The REIT, which manages more than 60,000 apartment units across the United States, saw occupancy — the percentage of rental units in a property that are currently occupied by tenants — increase to 95.3% in the fourth quarter, from 94.9% last year.
(Reporting by Utkarsh Shetti and Anshuman Tripathy in Bengaluru; Editing by Alan Barona)
((UtkarshUmesh.Shetti@thomsonreuters.com))
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