July 30 (Reuters) - Real estate investment trust Camden

Property ( CPT ) on Thursday posted second-quarter core adjusted

funds from operations below analysts' estimates, pressured by

declining rents on new leases and muted growth in property

revenue.

U.S. apartment landlords are facing pressure from a surge in

new housing supply, while slowing rent growth, rising operating

costs and elevated interest rates continue to weigh on the

sector.

Here are some details:

* Effective new lease rates at Camden Property ( CPT ) continued to

deteriorate in the second quarter, falling 3.3% compared with a

2.1% decline in the same period a year earlier.

* For the quarter ended June 30, it reported core adjusted

FFO of $1.39 per share, down 2.7% from last year and below

expectations of $1.67 apiece, as per data compiled by LSEG.

* Its total quarterly revenue declined 0.1% to $392.94

million in the second quarter, in-line with analysts estimates.

* Meanwhile, expenses rose 2.4% during the same period.

* Camden reaffirmed its 2026 core FFO guidance range of

$6.68 per share to $6.82 per share.