Camden Property Trust has declared a second-quarter 2026 dividend of $1.06 per share, payable on July 17, 2026 to shareholders of record on June 30, 2026. The residential REIT owns roughly 173 apartment communities and expects multifamily fundamentals to improve as new supply drops in 2026.
The setup
Camden Property Trust is one of the largest publicly traded apartment REITs in the United States. The company focuses on owning and operating multifamily communities in high-growth Sun Belt and coastal markets. Its portfolio generates nearly all revenue from apartment rentals, with an average monthly rent near $2,010 per unit.
The $1.06 quarterly dividend annualizes to $4.24 per share. At recent prices near $112, the stock yields approximately 3.8 percent. That sits above the S&P 500 average and offers a hedge against inflation through rent-adjusted cash flows.
Key numbers
| Metric | Value |
|---|---|
| Quarterly dividend | $1.06 per share |
| Annualized dividend | $4.24 per share |
| Current yield | ~3.8% |
| Record date | June 30, 2026 |
| Payment date | July 17, 2026 |
| Properties owned | ~173 apartment communities |
| Average monthly rent | ~$2,010 per unit |
| Sector | Residential REIT (equity) |
What investors should watch
Apartment REITs face a mixed outlook in 2026. New construction deliveries peaked in 2025 and are now declining. That should help occupancy rates and rent growth. Camden management has signaled confidence that fundamentals will improve as supply drops and economic uncertainty eases.
However, interest rates remain a headwind. Higher borrowing costs pressure REITs that rely on debt to fund development and acquisitions. Camden’s balance sheet is investment-grade, which gives it an advantage over smaller competitors. Still, investors should monitor the company’s debt maturity schedule and refinancing costs.
Sun Belt markets like Austin, Dallas, Houston, and Atlanta represent Camden’s core geographic focus. These markets saw the steepest rent declines in 2023 and 2024 but are stabilizing. Job growth and in-migration support long-term demand for rental housing in these regions. Camden’s concentration in these growth metros gives it exposure to markets where household formation remains robust.
Dollar impact for income investors
A $100,000 position in Camden at $112 per share would buy roughly 893 shares. At the $4.24 annual dividend, that position generates about $3,786 per year. That exceeds the S&P 500 yield and provides quarterly cash flow.
For a retiree living on portfolio income, $3,786 annually translates to roughly $315 per month. Over a decade at 4 percent growth, that income stream would compound to approximately $4,450 annually.
REIT sector comparison
| REIT | Ticker | Yield | Focus |
|---|---|---|---|
| Camden Property Trust | CPT | ~3.8% | Multifamily (Sun Belt) |
| Equity Residential | EQR | ~3.5% | Coastal apartments |
| AvalonBay Communities | AVB | ~3.4% | Luxury apartments |
| UDR Inc. | UDR | ~3.7% | Diversified multifamily |
Bottom line
Camden Property Trust offers a 3.8 percent yield backed by real rental income from 173 apartment communities. The dividend is covered by property-level cash flows, and the improving supply-demand balance supports the outlook. For income investors seeking real estate exposure without direct property ownership, CPT is a solid candidate.
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