$Camden Property Trust (CPT.US)$Revenue has continued to gro...
$Camden Property Trust(CPT.US$Revenue has continued to grow over the past 5 years, with an average growth rate of 9.6%. Operating profit shrank sharply by 15.8% in 2020, then recovered after 2 years. The 5-year average growth rate was only 2.1%. Net profit increased significantly in the past two years due to asset sales income and restructuring and merger and acquisition income.
In the first half of 2023, revenue increased by 13.5%, operating profit increased by 30.5%, and net profit shrank sharply by 77% due to lack of benefits from restructuring and mergers and acquisitions. In fact, this is the real level of profit.
Currently, the price-earnings ratio is 16.1 and the price-earnings ratio is TTM51.3. If the annual net profit shrinks by 75%, the price-earnings ratio will rise to 64.4. If calculated based on a 5-year average net profit of 300 million yuan, the price-earnings ratio is 34.5, the net price-earnings ratio is 2.1, and the dividend ratio is 4%, which is unattractive for the time being.
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