Subtext

Camden Property Trust CPT

SectorReal Estate
Transcripts21
Date range2020-05-08 – 2025-05-02
Calls charted21

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-10-5+0+5+102020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Overall: -3.72020 Q2 · Overall: -4.82020 Q3 · Overall: -1.92020 Q4 · Overall: -1.12021 Q1 · Overall: +3.22021 Q2 · Overall: +3.22021 Q3 · Overall: +1.22021 Q4 · Overall: +3.62022 Q1 · Overall: +0.52022 Q2 · Overall: +0.52022 Q3 · Overall: -1.12022 Q4 · Overall: -3.72023 Q1 · Overall: -2.22023 Q2 · Overall: -3.72023 Q3 · Overall: -8.42023 Q4 · Overall: +1.42024 Q1 · Overall: -2.32024 Q2 · Overall: +3.12024 Q3 · Overall: -0.42024 Q4 · Overall: +6.02025 Q1 · Overall: +4.9
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-30-15+0+15+302020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · CEO: -3.62020 Q2 · CEO: -5.72020 Q3 · CEO: +1.12020 Q4 · CEO: +2.92021 Q1 · CEO: +3.72021 Q2 · CEO: +4.72021 Q3 · CEO: +26.02021 Q4 · CEO: +4.42022 Q1 · CEO: +1.72022 Q2 · CEO: +5.22022 Q3 · CEO: +2.32022 Q4 · CEO: -2.52023 Q1 · CEO: -0.72023 Q2 · CEO: -4.02023 Q3 · CEO: -5.42023 Q4 · CEO: +6.32024 Q1 · CEO: +0.02024 Q2 · CEO: +4.82024 Q4 · CEO: +7.22025 Q1 · CEO: +5.42020 Q1 · CFO: +0.42020 Q2 · CFO: -1.72020 Q3 · CFO: +0.02020 Q4 · CFO: -9.32021 Q1 · CFO: -5.82021 Q2 · CFO: +4.12021 Q3 · CFO: +10.52021 Q4 · CFO: +3.12022 Q1 · CFO: +1.02022 Q2 · CFO: +2.02022 Q3 · CFO: +3.92022 Q4 · CFO: -4.92023 Q1 · CFO: +0.02023 Q2 · CFO: +0.62023 Q3 · CFO: -15.02023 Q4 · CFO: +0.42024 Q1 · CFO: +0.02024 Q2 · CFO: +1.82024 Q3 · CFO: +4.22024 Q4 · CFO: +9.32025 Q1 · CFO: +9.3
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-15-7+0+7+152020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1 · Prepared remarks: +2.12020 Q2 · Prepared remarks: -2.22020 Q3 · Prepared remarks: -4.22020 Q4 · Prepared remarks: +6.42021 Q1 · Prepared remarks: +8.52021 Q2 · Prepared remarks: +12.92021 Q3 · Prepared remarks: +11.52021 Q4 · Prepared remarks: +9.52022 Q1 · Prepared remarks: +5.12022 Q2 · Prepared remarks: +9.92022 Q3 · Prepared remarks: +3.22022 Q4 · Prepared remarks: +0.92023 Q1 · Prepared remarks: +0.02023 Q2 · Prepared remarks: +2.82023 Q3 · Prepared remarks: -7.62023 Q4 · Prepared remarks: +2.92024 Q1 · Prepared remarks: +10.72024 Q2 · Prepared remarks: +1.02024 Q3 · Prepared remarks: +5.32024 Q4 · Prepared remarks: +6.42025 Q1 · Prepared remarks: +12.32020 Q1 · Q&A responses: -4.02020 Q2 · Q&A responses: -3.82020 Q3 · Q&A responses: -0.82020 Q4 · Q&A responses: -3.72021 Q1 · Q&A responses: +2.22021 Q2 · Q&A responses: +1.12021 Q3 · Q&A responses: +0.82021 Q4 · Q&A responses: +3.22022 Q1 · Q&A responses: +1.52022 Q2 · Q&A responses: +1.22022 Q3 · Q&A responses: +0.52022 Q4 · Q&A responses: -5.12023 Q1 · Q&A responses: +0.02023 Q2 · Q&A responses: -3.82023 Q3 · Q&A responses: -8.12023 Q4 · Q&A responses: +3.92024 Q1 · Q&A responses: -5.72024 Q2 · Q&A responses: +7.82024 Q3 · Q&A responses: +2.22024 Q4 · Q&A responses: +8.72025 Q1 · Q&A responses: +6.3
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.03$2.04$3.052020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: $2.032020 Q2: $1.562020 Q3: $1.172020 Q4: $1.442021 Q1: $1.342021 Q2: $1.532021 Q3: $1.752021 Q4: $1.852022 Q1: $2.042022 Q2: $2.482022 Q3: $2.922022 Q4: $1.512023 Q1: $1.622023 Q2: $1.682023 Q3: $1.942023 Q4: $1.722024 Q1: $1.752024 Q2: $1.792024 Q3: $1.71

Forward P/E

33.4466.84100.232020 Q12020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q1: 38.052020 Q2: 60.502020 Q3: 79.242020 Q4: 68.472021 Q1: 81.382021 Q2: 87.372021 Q3: 86.102021 Q4: 95.622022 Q1: 81.702022 Q2: 51.732022 Q3: 44.862022 Q4: 77.342023 Q1: 66.152023 Q2: 66.722023 Q3: 52.752023 Q4: 57.042024 Q1: 56.592024 Q2: 61.242024 Q3: 73.14

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2020 Q3 tone ↑ +2.8 fwd EPS ↓ -0.40 Tone rose while the forward EPS estimate was cut.
  • 2021 Q1 tone ↑ +4.4 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2022 Q1 tone ↓ -3.1 fwd EPS ↑ +0.19 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -4.7 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q4 tone ↑ +9.8 fwd EPS ↓ -0.22 Tone rose while the forward EPS estimate was cut.
  • 2024 Q1 tone ↓ -3.7 fwd EPS ↑ +0.03 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-02+4.9——View →
2024 Q42025-02-07+6.0——View →
2024 Q32024-11-01-0.4$1.7173.1View →
2024 Q22024-08-02+3.1$1.7961.2View →
2024 Q12024-05-03-2.3$1.7556.6View →
2023 Q42024-02-02+1.4$1.7257.0View →
2023 Q32023-10-27-8.4$1.9452.8View →
2023 Q22023-08-04-3.7$1.6866.7View →