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Camden Property Trust Q2 adjusted earnings Beat Estimates

Camden Property Trust (CPT) reported earnings for its second quarter that increased from last year.

The company's earnings came in at $30.18 million, or $0.30 per share. This compares with $16.48 million, or $0.17 per share, in last year's second quarter.

Excluding items, Camden Property Trust reported adjusted earnings of $112.38 million or $1.10 per share for the period.

Analysts had expected the company to earn $0.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.3% to $276.52 million from $250.68 million last year.

Camden Property Trust earnings at a glance:

-Earnings (Q2): $112.38 Mln. vs. $91.59 Mln. last year.
-EPS (Q2): $1.10 vs. $0.91 last year.
-Analysts Estimate: $0.34
-Revenue (Q2): $276.52 Mln vs. $250.68 Mln last year.

-Guidance:
Next quarter EPS guidance: $0.22 - $0.28
Full year EPS guidance: $1.09 - $1.29

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