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Camden Property Trust CPT Asset Management1 — Cost of Goods Sold

Discontinued — last reported Q1 '19

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Other financials

Income statement

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Revenue$2.1M-13.8%
Gross profit-$138.4M-0.4%
Net income$42.4M+9.3%
EPS (diluted)$0.40+11.1%

Balance sheet

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Cash & equivalents$130.3M+245%
Total debt$5.2B+24.6%
Total equity$4.0B-12.7%
Total assets$9.1B+0.7%

Cash flow

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Operating cash flow$148.1M-0.1%
CapEx$971.0K+2.2%
Free cash flow$195.8M+28.5%

Valuation

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Market cap$10.8B-23.1%
Enterprise value$15.86B-12.3%
P/E27.8×-91.0×
P/S855.6×-829×

Profitability

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Gross margin-4,270.4%-1,320pp
Net margin3,074.5%+1,657pp
FCF margin5,444.7%

Returns & leverage

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Return on equity9%+6.5pp
Debt / equity1.3×+0.4×

Where this comes from

Reported directly by Camden Property Trust in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Camden Property Trust’s 10-Q, filed May 3, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does asset management1 — cost of goods sold mean?
The total direct costs required to operate and maintain the properties within the asset management segment.
How do you interpret asset management1 — cost of goods sold?
An increase in this metric relative to revenue suggests rising operational costs or declining efficiency in property management, while a decrease indicates improved cost control or operational leverage.
How does asset management1 — cost of goods sold compare across companies?
Comparable to property operating expenses or direct cost of services reported by other multifamily REITs, though specific accounting treatments for overhead allocation may vary.