CPT Q1 2024 Update
Camden Property Trust (CPT) CPT 0.00%↑ had a solid earnings release.
There was a slight improvement to guidance for same-property NOI (Net Operating Income) at the midpoint:
Old: 0.0%
New: 0.5%
That looks positive.
It comes from expectations for lower property operating expenses.
The reduced expenses at the property level were offset by higher interest expenses.
Theref…