Camden Property Trust: Looking Ahead, An Imminent Inflection

Camden Property Trust is undervalued after recent declines, despite a strong balance sheet and solid long-term fundamentals. A generational wave of new apartment supply is peaking in 2025, with a sharp drop in completions expected from 2026 onward. This supply drop sets up a favorable environment for rental rate growth, supporting a 13-15% IRR over the next 4–5 years.