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Camden Property Trust CPT Management Service — Cost of Goods Sold

Discontinued — last reported Q1 '19

Similar metrics at other companies

American Homes 4 Rent logo
AMHProperty management expenses — Cost of goods and services sold
$33.28M-2.6%
Hut 8 Mining Corp. logo
HUTManagement Service — Cost Of Revenue
$2.81M+97.7%
American Homes 4 Rent logo
AMHProperty management expenses — Management fee income
$2.9M-19.4%
Host Hotels & Resorts logo
HSTManagement Service — Other Operating Income Expense Net
-$40M-264%
Claros Mortgage Trust logo
CMTGCorporate And Other — Management Fee Expense
$9.79M-0.6%
Equity Lifestyle Properties logo
ELSProperty management — Cost of ancillary services
$18.67M-8.6%

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 management service — cost of goods sold mean?
The direct costs associated with providing property management services to third-party clients.
How do you interpret management service — cost of goods sold?
An increase in these costs relative to management fee revenue may indicate declining operational efficiency or rising labor costs within the service division, while a decrease suggests improved cost management or economies of scale.
How does management service — cost of goods sold compare across companies?
Peers in the multifamily REIT sector often report similar line items under 'Management and Other Services' expenses, which are typically benchmarked against the gross fee revenue generated from those same services.