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Camden Property Trust CPT Real Estate — 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 real estate — cost of goods sold mean?
The total direct expenses required to operate and maintain the company's apartment properties.
How do you interpret real estate — cost of goods sold?
An increase in this metric relative to revenue suggests rising operating costs or declining efficiency in property management, while a decrease indicates improved cost control or operational leverage.
How does real estate — cost of goods sold compare across companies?
Comparable to property operating expenses reported by other multifamily REITs, though variations exist based on accounting treatment of capital expenditures versus recurring maintenance.