05:33 PM EDT, 05/02/2024 (MT Newswires) -- Camden Property Trust ( CPT ) reported Q1 core adjusted funds from operations late Thursday of $1.50 per diluted share, unchanged from a year earlier.

Analysts surveyed by Capital IQ expected $1.48.

Property revenue for the quarter ended March 31 was $383.1 million, up from $378.2 million a year earlier.

Analysts surveyed by Capital IQ expected $385.8 million.

The company said it expects Q2 core FFO of $1.65 to $1.69 per share. Analysts surveyed by Capital IQ expect $1.46.

Camden Property ( CPT ) estimates full-year core FFO of $6.62 to $6.86. Analysts surveyed by Capital IQ expected $5.83.

Shares were down 5% in after-hours activity.

Price: 95.51, Change: -5.02, Percent Change: -4.99