Entering text into the input field will update the search result below

Camden Property a pick on tax plan - Goldman

Nov. 29, 2017 9:18 AM ETCamden Property Trust (CPT) StockKRC, SLG, ESS, AVB, CPT, EQR, BXP, HPP, ESRT, CXP, PGREBy: Stephen Alpher, SA News Editor
  • via Bloomberg
  • The conventional talk says REITs won't benefit much from a cut in the corporate tax rate as they already pay little to nothing in corporate taxes, but Goldman's Andrew Rosivach says both the House and Senate tax plans mean a big cut in taxes paid on dividends.
  • Apartment REITs in low-tax states could be big beneficiaries if property tax deductions for individuals (but not corporations) take a hit, as it would shift the rent/buy equation towards renting.
  • High-tax states are a different story, as many high-income folks could just choose to move.
  • Rosivach is a fan of Camden Property Trust (NYSE:CPT) as an apartment REIT with low-tax state exposure. Players (office and apartments) he's cautious on thanks to high-tax state exposure: Hudson Pacific (NYSE:HPP), Kilroy (NYSE:KRC), Essex (NYSE:ESS), Columbia (NYSE:CXP), AvalonBay (NYSE:AVB), Equity Residential (NYSE:EQR), Paramount (NYSE:PGRE), SL Green (NYSE:SLG), Empire State (NYSE:ESRT), Boston Properties (NYSE:BXP).

Recommended For You

More Trending News

About CPT Stock

SymbolLast Price% Chg
FFO (FWD)
PE
Div Rate (TTM)
Yield (TTM)
Market Cap
Volume
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CPT--
Camden Property Trust