Kwarkot
Introduction
Since the start of the REIT bear market roughly 2 years ago, I've been looking to add some apartment REITs to my portfolio. Camden Property Trust (NYSE:CPT) is one that still appears to be a decent
Camden Property Trust: Higher Home Costs And Strong Fundamentals Make Long-Term Buy
Summary
- Camden Property Trust is a decent buy for investors looking to add diversification into their REIT portfolios.
- Despite slower growth in the sector, Camden Property Trust has maintained strong fundamentals and even managed to grow its FFO and Revenue year-over-year.
- The REIT offers a growing dividend that is well-covered by AFFO and has a conservative payout ratio below the REIT average.
- CPT's A-rated balance sheet remains strong, with a net debt-to-EBITDA of just 3.6x and manageable debt maturing in '24 and none in 2025.
Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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