Camden Property Trust

AI-generated fair value estimate for this company.

Method: Gordon-growth FFO discount model: 2026 guided FFO per share midpoint of $6.75; 9.5% cost of equity as a REIT-appropriate discount rate; 2.5% long-run FFO and same-store NOI growth; value equals FFO1 times (1+g) divided by (r minus g).

Reasoning: Apartment REIT cash flows are conventionally valued on FFO or AFFO rather than GAAP free cash flow because depreciation materially distorts earnings for real-estate owners; Camden's own guided FFO, a REIT-typical mid-single-digit cost-of-equity premium, and a modest same-store NOI growth assumption reflecting softer Sun Belt supply-driven rent growth ground the model in the company's own near-term guidance.