F

Camden Property Trust — Earnings Quality Grade F

CPT · Real Estate

Major red flags

Revenue
$1.6B
2025
Net Income
$384M
2025
Gross Margin
61.4%
Free Cash Flow
$386M
01

Screening Summary

14
Passed
1
Watch
1
Failed
M-Score
02

Financial Trends

Revenue & Net Income ($B)

Margins (%)

03

18-Point Screening

01

Revenue Quality

A1DSO Change

DSO 2 days, change -0 days YoY

A2AR vs Revenue Growth

AR growth -1.2% vs revenue growth 1.9%

A3Revenue vs CFFO

Revenue 1.9%, CFFO 6.7%. Cash follows revenue

02

Expense Quality

B1Inventory vs COGS

No material inventory

B2CapEx vs Revenue

CapEx growth 11.9% vs revenue 1.9%. Normal

B3SG&A Ratio

SG&A/Gross Profit = 8.2%, excellent (<30%)

B4Gross Margin

Gross margin 61.4%, change +0.2pp. Stable

03

Cash Flow Quality

C1CFFO vs Net Income

CFFO/NI = 2.15. Profits backed by cash

C2Free Cash Flow

FCF $0.4B, FCF/NI = 1.00

C3Accruals Ratio

Accruals ratio = -4.9%. Low accruals

C4Cash vs Debt

Cash $0.0B covers only 1% of debt $3.9B

04

Balance Sheet Health

D1Goodwill + Intangibles

No goodwill. Clean balance sheet

D2Leverage

Debt/EBITDA = 3.4x. Healthy

!
D3Soft Asset Growth

Other assets grew 24.9% vs revenue 1.9%

D4Asset Impairment

No write-off data

05

Acquisition Risk

E1Serial Acquirer FCF

FCF after acquisitions positive

E2Goodwill Surge

No goodwill

06

Manipulation Score

F1Beneish M-Score

Insufficient data

Altman Z-Score — Not Applicable

Camden Property Trust is a financial company. Z-Score is designed for non-financial companies.

Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-09

Camden Property Trust (CPT) Earnings Quality Grade F — EarningsGrade