Stock fact sheet · data as of
Camden Property Trust (CPT): fair value, margin of safety and Wheel Score
Real Estate · REIT - Residential · United States · High Yield Income
Is CPT undervalued?
Camden Property Trust (CPT) closed at 98.19 on 16 Oct 2026, 17% above the GLS average fair value of 84.06. Only 3 of the 9 models that produced a number value the shares above the current price. The margin of safety is negative, so the stock fails the "below fair value" rule of the Sunday Scan; a premium of this size is common for companies whose growth the models are conservative about.
There is a wide gap between GLS Growth (7.16) and Graham Growth (182.32). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.
The nightly engine files CPT under High Yield Income: a dividend yield above 4%.
Nine valuation models for CPT
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 78.05 | -21% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 51.62 | -47% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 182.32 | +86% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 79.69 | -19% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 7.16 | -93% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 139.27 | +42% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 120.74 | +23% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 62.24 | -37% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 35.42 | -64% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -45.35 | -146% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 111.71 | +14% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Camden Property Trust scores 6 of 9 on the Piotroski F-score: a middling result that passes the Sunday Scan's "6 or more" rule. Some of the nine tests on profitability, leverage and efficiency are failed, so the accounts are worth a look before selling a put on the name. A GLS Moat score of 4.2/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.
Returns on capital are thin or negative - ROIC 4.7%, ROE 8.8%, ROA 4.3% - with debt at 0.89 times equity and a free-cash-flow yield of 6.7%.
The dividend yield is high at 4.31% (payout ratio 175%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Management Fee Revenue 100% (quarter Q1 FY2019).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 4.7% |
|---|---|---|---|
| GLS Moat | 4.2 / 10 | ROE | 8.8% |
| Debt / equity | 0.89 | ROA | 4.3% |
| Free-cash-flow yield | 6.7% | Payout ratio | 175% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 56: Fair
A Wheel Score of 56 puts Camden Property Trust in the Fair band - below the 70 the Sunday Scan requires. Value 5/25, Health 13/20, Moat 6/15, Premium 13/20 and Stability 18/20; the weakest part is Value (5/25).
Implied volatility is 28% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (13 of 20 points). Chain open interest is 3,753 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 847k shares a day on a market cap of $9.9B, with a beta of 0.81; the Stability part of the Wheel Score gives that 18 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 5 / 25 | -17% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 6 / 15 | moat 4.2/10 | |
| Premium | 13 / 20 | implied volatility 28% | |
| Stability | 18 / 20 | 847k shares/day, $9.9B cap, beta 0.81 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
The next earnings report is due on 5 Nov 2026 (after the close), 20 days away; a 30-45-day put sold today would expire after it, which is worth weighing against the premium.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in REIT - Residential
The 12 companies below are the closest to Camden Property Trust by market cap within the REIT - Residential industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| UDR UDR, Inc. | 33.96 | 30.05 | -13% | 63Fair | $10.9B |
| AMH American Homes 4 Rent | 30.97 | 30.76 | -1% | 80Prime | $11.1B |
| ELS Equity LifeStyle Properties, Inc. | 60.25 | 28.93 | -108% | 58Fair | $11.7B |
| MAA Mid-America Apartment Communities, Inc. | 116.27 | 72.10 | -61% | 50Fair | $13.5B |
| SUI Sun Communities, Inc. | 114.24 | 90.77 | -26% | 45Weak | $13.9B |
| INVH Invitation Homes Inc. | 26.80 | 21.36 | -25% | 55Fair | $15.8B |
| ESS Essex Property Trust, Inc. | 269.66 | 230.97 | -17% | 58Fair | $17.3B |
| VMRK Vivmark Residential | 60.80 | 59.36 | -2% | 65Good | $22.8B |
| IRT Independence Realty Trust, Inc. | 14.70 | 7.98 | -84% | 54Fair | $3.5B |
| MRP Millrose Properties, Inc. | 22.22 | 156.58 | +86% | 82Prime | $3.4B |
| UMH UMH Properties, Inc. | 15.03 | 13.17 | -14% | 56Fair | $1.3B |
| CSR Centerspace | 55.88 | 74.14 | +25% | 71Good | $939M |
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Start free See the Sunday ScanQuestions about CPT
Is CPT undervalued right now?
No: at 98.19 the stock trades 17% above the GLS average fair value of 84.06 (data as of 16 Oct 2026). The margin of safety is negative.
What is the Wheel Score of CPT and what does it mean?
CPT scores 56 out of 100 (Fair). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for CPT?
84.06 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Camden Property Trust report earnings next?
The next earnings report is due on 5 Nov 2026 (after the close), 20 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does CPT have listed options, and how liquid are they?
Yes. The nightly snapshot found 278 listed contracts with 3,753 open interest across all expiries and implied volatility of 28% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.