← Filings of CPT
Tables in the 10-Q of CAMDEN PROPERTY TRUST
38 tables with numbers, filed Nov 7, 2025. Each one downloads as an Excel file or a CSV (numbers are stored as numbers),
with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “Table of Contents”
| | Page |
| PART I | FINANCIAL INFORMATION | 1 |
| Item 1 | Financial Statements | 1 |
| Condensed Consolidated Balance Sheets (Unaudited) as of September 30, 2025 and December 31, 2024 | 1 |
| Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) for the Three and Nine Months Ended September 30, 2025 and 2024 | 2 |
| Condensed Consolidated Statements of Equity (Unaudited) for the Three and Nine Months Ended September 30, 2025 and 2024 | 3 |
| Condensed Consolidated Statements of Cash Flows (Unaudited) for the Nine Months Ended September 30, 2025 and 2024 | 7 |
| Notes to Condensed Consolidated Financial Statements (Unaudited) | 8 |
First 8 of 20 rows. The download has all of them.
Table 2 after “(Unaudited)”
| (in thousands, except share amounts) | September 30, 2025 | December 31, 2024 | |
| Assets | | | |
| Real estate assets, at cost | | | |
| Land | $1,791,077 | | $1,722,526 |
| Buildings and improvements | 11,812,521 | | 11,319,460 |
| $13,603,598 | | $13,041,986 |
| Accumulated depreciation | (5,234,087) | | (4,867,422) |
| Net operating real estate assets | $8,369,511 | | $8,174,564 |
First 8 of 36 rows. The download has all of them.
Table 3 after “(Unaudited)”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| (in thousands, except per share amounts) | 2025 | 2024 | | 2025 | 2024 | |
| Property revenues | $395,676 | | $387,232 | | $1,182,750 | $1,157,523 |
| Property expenses | | | | | | |
| Property operating and maintenance | 96,646 | | 95,940 | | 279,375 | 275,110 |
| Real estate taxes | 49,050 | | 47,420 | | 149,413 | 145,684 |
| Total property expenses | $145,696 | | $143,360 | | $428,788 | $420,794 |
| Non-property income | | | | | | |
First 8 of 28 rows. The download has all of them.
Table 4 after “(Unaudited)”
| Earnings (loss) per share – basic | $1.00 | $(0.04) | $2.10 | $1.13 |
| Earnings (loss) per share – diluted | 1.00 | (0.04) | 2.10 | 1.13 |
| Weighted average number of common shares outstanding – basic | 108,524 | 108,426 | 108,564 | 108,513 |
| Weighted average number of common shares outstanding – diluted | 108,580 | 108,426 | 108,617 | 108,547 |
| Condensed Consolidated Statements of Comprehensive Income | | | | |
| Net income (loss) | $113,579 | $(2,338) | $236,940 | $128,231 |
| Other comprehensive income (loss) | | | | |
| Unrealized gain on cash flow hedging activities | — | — | — | 85 |
First 8 of 12 rows. The download has all of them.
Table 5 after “For the nine months ended September 30, 2025”
| Common Shareholders | | | | | | | | | | | | | | |
| (in thousands, except per share amounts) | Common shares of beneficial interest | Additional paid-in capital | | Distributions in excess of net income attributable to common shareholders | Treasury shares, at cost | | Accumulated other comprehensive income | | Non-controlling interests | | Total equity | | | | |
| Equity, December 31, 2024 | $1,158 | | $5,930,729 | | $(897,931) | | | $(359,732) | | | $974 | | | $71,991 | $4,747,189 |
| Net income | | | | 228,426 | | | | | | 8,514 | | | 236,940 | | |
| Other comprehensive income | | | | | | | 1,053 | | | | | 1,053 | | | |
| Net share awards | | 13,820 | | | | 9,217 | | | | | | | 23,037 | | |
| Employee share purchase plan | | 727 | | | | 329 | | | | | | | 1,056 | | |
| Common shares repurchased | | | | | (49,999) | | | | | | | (49,999) | | | |
First 8 of 11 rows. The download has all of them.
Table 6 after “For the three months ended September 30, 2025”
| Common Shareholders | | | | | | | | | | | | | | |
| (in thousands, except per share amounts) | Common shares of beneficial interest | Additional paid-in capital | | Distributions in excess of net income attributable to common shareholders | Treasury shares, at cost | | Accumulated other comprehensive income | | Non-controlling interests | | Total equity | | | | |
| Equity, June 30, 2025 | $1,157 | | $5,941,893 | | $(1,007,075) | | | $(350,166) | | | $1,676 | | | $72,511 | $4,659,996 |
| Net income | | | | 108,934 | | | | | | 4,645 | | | 113,579 | | |
| Other comprehensive income | | | | | | | 351 | | | | | 351 | | | |
| Net share awards | | 3,297 | | | | (20) | | | | | | | 3,277 | | |
| Employee share purchase plan | | 87 | | | | | | | | | | 87 | | | |
| Common shares repurchased | | | | | (49,999) | | | | | | | (49,999) | | | |
First 8 of 10 rows. The download has all of them.
Table 7 after “For the nine months ended September 30, 2024”
| Common Shareholders | | | | | | | | | | | | | | |
| (in thousands, except per share amounts) | Common shares of beneficial interest | Additional paid-in capital | | Distributions in excess of net income attributable to common shareholders | Treasury shares, at cost | | Accumulated other comprehensive (loss) income | | Non-controlling interests | | Total equity | | | | |
| Equity, December 31, 2023 | $1,156 | | $5,914,868 | | $(613,651) | | | $(320,364) | | | $(1,252) | | | $71,014 | $5,051,771 |
| Net income | | | | 122,602 | | | | | | 5,629 | | | 128,231 | | |
| Other comprehensive income | | | | | | | 1,893 | | | | | 1,893 | | | |
| Net share awards | | 11,566 | | | | 9,818 | | | | | | | 21,384 | | |
| Employee share purchase plan | | 1,045 | | | | 554 | | | | | | | 1,599 | | |
| Common shares repurchased | | | | | (49,997) | | | | | | | (49,997) | | | |
First 8 of 11 rows. The download has all of them.
Table 8 after “For the three months ended September 30, 2024”
| Common Shareholders | | | | | | | | | | | | | | |
| (in thousands, except per share amounts) | Common shares of beneficial interest | Additional paid-in capital | | Distributions in excess of net income attributable to common shareholders | Treasury shares, at cost | | Accumulated other comprehensive income | | Non-controlling interests | | Total equity | | | | |
| Equity, June 30, 2024 | $1,157 | | $5,924,608 | | $(710,633) | | | $(359,975) | | | $283 | | | $71,492 | $4,926,932 |
| Net income (loss) | | | | (4,204) | | | | | | 1,866 | | | (2,338) | | |
| Other comprehensive income | | | | | | | 358 | | | | | 358 | | | |
| Net share awards | | 2,785 | | | | (14) | | | | | | | 2,771 | | |
| Employee share purchase plan | | 85 | | | | | | | | | | | 85 | | |
| Cash distributions declared to equity holders ($1.03 per common share) | | | | (111,888) | | | | | | (1,642) | | | (113,530) | | |
First 8 of 10 rows. The download has all of them.
Table 9 after “(Unaudited)”
| Nine Months Ended September 30, | | |
| (in thousands) | 2025 | 2024 | |
| Cash flows from operating activities | | | |
| Net income | $236,940 | | $128,231 |
| Adjustments to reconcile net income to net cash from operating activities: | | | |
| Depreciation and amortization | 460,834 | | 436,540 |
| Impairment associated with land development activities | — | | 40,988 |
| Loss on early retirement of debt | — | | 921 |
First 8 of 43 rows. The download has all of them.
Table 10 after “We currently anticipate property revenue from existing leases as follows:”
| (in millions) | |
| Year ending December 31, | Operating Leases |
| Remainder of 2025 | $343.3 |
| 2026 | 635.2 |
| 2027 | 6.2 |
| 2028 | 3.0 |
| 2029 | 2.6 |
| Thereafter | 3.7 |
First 8 of 9 rows. The download has all of them.
Table 11 after “The following table presents information necessary to calculate basic and diluted earnings per share for the periods indicated:”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| (in thousands, except per share amounts) | 2025 | 2024 | | 2025 | 2024 | |
| Earnings per common share calculation – basic | | | | | | |
| Net income (loss) attributable to common shareholders | $108,934 | | $(4,204) | | $228,426 | $122,602 |
| Amount allocated to participating securities | (233) | | 12 | | (489) | (221) |
| Net income (loss) attributable to common shareholders – basic | $108,701 | | $(4,192) | | $227,937 | $122,381 |
| Total earnings (loss) per common share – basic | $1.00 | | $(0.04) | | $2.10 | $1.13 |
| Weighted average number of common shares outstanding – basic | 108,524 | | 108,426 | | 108,564 | 108,513 |
First 8 of 14 rows. The download has all of them.
Table 12 after “During the nine months ended September 30, 2025, we purchased the following operating properties:”
| ($ in millions) | | Purchase | | Year | |
| Property | Location | Price | Homes | Built | Month Purchased |
| Camden Clearwater | Clearwater, Florida | $138.7 | 360 | 2020 | May 2025 |
| Camden West Nashville | Nashville, Tennessee | 131.3 | 435 | 2020 | February 2025 |
| Camden Leander | Leander, Texas | 67.7 | 352 | 2023 | January 2025 |
Table 13 after “. During the nine months ended September 30, 2025 and 2024, we sold the following operating properties:”
| ($ in millions) | | Sales | Gain | | Year | |
| Property | Location | Price | Recognized | Homes | Built | Month Sold |
| Camden Royal Oaks I & II | Houston, Texas | $60.0 | $39.3 | 340 | 2006/2012 | July 2025 |
| Camden Cimarron | Irving, Texas | 53.5 | 46.3 | 286 | 1992 | July 2025 |
| Camden Midtown | Houston, Texas | 60.0 | 47.3 | 337 | 1999 | June 2025 |
| Camden Vantage | Atlanta, Georgia | 115.0 | 43.8 | 592 | 2010 | February 2024 |
Table 14 after “The following is a summary of our indebtedness:”
| (in millions) | September 30, 2025 | December 31, 2024 | |
| Commercial banks | | | |
| 5.33% Term Loan, due 2026 | $39.9 | | $39.9 |
| 5.14% Unsecured revolving credit facility | — | | 178.0 |
| 4.21% Commercial Paper Program | 429.6 | | — |
| $469.5 | | $217.9 |
| Senior unsecured notes | | | |
| 5.46% Notes, due 2026 (1) | $504.4 | | $503.3 |
First 8 of 21 rows. The download has all of them.
Table 15 after “The table below is a summary of the maturity dates of our outstanding debt and principal amortizations, and the weighted average interest ra”
| (in millions) (1) | Amount (2) | Weighted Average Interest Rate (3) | |
| Remainder of 2025 | $428.6 | | 4.2% |
| 2026 | 566.3 | | 5.4 |
| 2027 | 172.5 | | 3.9 |
| 2028 | 529.9 | | 3.8 |
| 2029 | 598.2 | | 3.8 |
| Thereafter | 1,444.7 | | 3.6 |
| Total | $3,740.2 | | 4.0% |
Table 16 after “A summary of activity under our share incentive plans for the nine months ended September 30, 2025 is shown below:”
| Nonvested Share Awards Outstanding | Weighted Average Exercise / Grant Price | |
| Nonvested share awards outstanding at December 31, 2024 | 216,190 | | $108.07 |
| Granted | 235,527 | | 118.84 |
| Vested | (210,713) | | 117.70 |
| Forfeited | (2,320) | | 109.61 |
| Total nonvested share awards outstanding at September 30, 2025 | 238,684 | | $110.16 |
Table 17 after “The effect of changes in the operating and other accounts on cash flows from operating activities is as follows:”
| Nine Months Ended September 30, | | |
| (in thousands) | 2025 | 2024 | |
| Change in assets: | | | |
| Other assets, net | $(18,042) | | $(25,344) |
| Change in liabilities: | | | |
| Accounts payable and accrued expenses | 7,239 | | 3,179 |
| Accrued real estate taxes | 52,089 | | 35,388 |
| Other liabilities | 6,970 | | 32,633 |
First 8 of 10 rows. The download has all of them.
Table 18 after “The following is a summary of our maturities of our lease liabilities as of September 30, 2025:”
| (in millions) | |
| Year ending December 31, | Operating Leases |
| Remainder of 2025 | $0.2 |
| 2026 | 0.9 |
| 2027 | 0.4 |
| 2028 | 0.2 |
| 2029 | — |
| Thereafter | — |
First 8 of 10 rows. The download has all of them.
Table 19 after “Financial Instruments Measured at Fair Value on a Recurring Basis”
| September 30, 2025 | December 31, 2024 | | | | | | | | | | | |
| (in millions) | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | | Significant Unobservable Inputs (Level 3) | Total | Quoted Prices in Active Markets for Identical Assets (Level 1) | | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | | | |
| Other Assets | | | | | | | | | | | | | |
| Deferred compensation plan investments (1) | $146.5 | | $— | | $— | | $146.5 | | $134.1 | | $— | $— | $134.1 |
| Derivative financial instruments (fair value hedges) | $— | | $5.7 | | $— | | $5.7 | | $— | | $5.3 | $— | $5.3 |
Table 20 after “The following table presents the carrying and estimated fair values of our notes payable at September 30, 2025 and December 31, 2024.”
| September 30, 2025 | December 31, 2024 | | | | |
| (in millions) | Carrying Value | Estimated Fair Value | | Carrying Value | Estimated Fair Value | |
| Fixed rate notes payable | $2,766.2 | | $2,624.8 | | $2,764.4 | $2,528.6 |
| Floating rate notes payable (1) | 974.0 | | 982.1 | | 721.2 | 733.0 |
Table 21 after “The following table details NOI and significant expenses for the three and nine months ended September 30:”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| (in thousands) | 2025 | 2024 | | 2025 | 2024 | |
| Property revenues | $395,676 | | $387,232 | | $1,182,750 | $1,157,523 |
| Property expenses: | | | | | | |
| Real estate taxes | (49,050) | | (47,420) | | (149,413) | (145,684) |
| Salaries and benefits for on-site employees | (27,943) | | (26,489) | | (81,142) | (76,888) |
| Utilities | (28,123) | | (28,043) | | (83,662) | (80,600) |
| Repairs and maintenance | (19,239) | | (19,254) | | (55,384) | (54,573) |
First 8 of 19 rows. The download has all of them.
Table 22 after “During the nine months ended September 30, 2025, we purchased the following operating properties:”
| ($ in millions) | | Purchase | | Year | |
| Property | Location | Price | Homes | Built | Month Purchased |
| Camden Clearwater | Clearwater, Florida | $138.7 | 360 | 2020 | May 2025 |
| Camden West Nashville | Nashville, Tennessee | 131.3 | 435 | 2020 | February 2025 |
| Camden Leander | Leander, Texas | 67.7 | 352 | 2023 | January 2025 |
Table 23 after “During the nine months ended September 30, 2025, we sold the following operating properties:”
| ($ in millions) | | Sales | Gain | | Year | |
| Property | Location | Price | Recognized | Homes | Built | Month Sold |
| Camden Royal Oaks I & II | Houston, Texas | $60.0 | $39.3 | 340 | 2006/2012 | July 2025 |
| Camden Cimarron | Irving, Texas | 53.5 | 46.3 | 286 | 1992 | July 2025 |
| Camden Midtown | Houston, Texas | 60.0 | 47.3 | 337.0 | 1999 | June 2025 |
Table 24 after “Our multifamily property portfolio is summarized as follows:”
| September 30, 2025 | December 31, 2024 | | | | |
| Number of Homes | Properties | | Number of Homes | Properties | |
| Operating Properties | | | | | | |
| Houston, Texas | 8,854 | | 25 | | 9,531 | 28 |
| Washington, D.C. Metro | 6,194 | | 17 | | 6,192 | 17 |
| Dallas/Fort Worth, Texas | 5,940 | | 14 | | 6,224 | 15 |
| Phoenix, Arizona | 4,426 | | 14 | | 4,426 | 14 |
| Atlanta, Georgia | 4,270 | | 14 | | 4,270 | 14 |
First 8 of 19 rows. The download has all of them.
Table 25 after “Table of Contents”
| September 30, 2025 | December 31, 2024 | | | | |
| Number of Homes | Properties | | Number of Homes | Properties | |
| Properties Under Construction | | | | | | |
| Charlotte, North Carolina | 769 | | 2 | | 769 | 2 |
| Nashville, Tennessee | 393 | | 1 | | — | — |
| Raleigh, North Carolina | — | | — | | 369 | 1 |
| Total Properties Under Construction | 1,162 | | 3 | | 1,138 | 3 |
| Total Properties | 60,578 | | 177 | | 59,996 | 177 |
Table 26 after “At September 30, 2025, there were two completed operating properties in lease up as follows:”
| ($ in millions) Properties and Locations | Number of Homes | CostIncurred (1) | % Leased at 10/31/2025 | Date of Construction Completion | Estimated Date of Stabilization |
| Camden Long Meadow Farms | | | | | |
| Richmond, TX | 188 | $72.6 | 89% | 4Q24 | 1Q26 |
| Camden Village District | | | | | |
| Raleigh, NC | 369 | $138.6 | 50% | 3Q25 | 2Q27 |
Table 27 after “At September 30, 2025, we had three properties in various stages of construction as follows:”
| ($ in millions) Properties and Locations | Number of Homes | Estimated Cost | | Cost Incurred | | Included in Properties Under Development | Estimated Date of Construction Completion | | Estimated Date of Stabilization | | |
| Camden South Charlotte | | | | | | | | | | | |
| Charlotte, NC | 420 | $163.0 | | | $103.4 | | $103.4 | | | 2Q27 | 4Q28 |
| Camden Blakeney | | | | | | | | | | | |
| Charlotte, NC | 349 | 154.0 | | | 67.2 | | 67.2 | | | 3Q27 | 3Q28 |
| Camden Nations | | | | | | | | | | | |
| Nashville, TN | 393 | 184.0 | | | 61.3 | | 61.3 | | | 3Q28 | 2Q30 |
| Total | 1,162 | | $501.0 | | | $231.9 | | $231.9 | | | |
Table 28 after “At September 30, 2025, we had the following multifamily communities undergoing development activities:”
| ($ in millions) Properties and Locations | Projected Homes | Total Estimated Cost (1) | | Cost to Date | | |
| Camden Baker | | | | | | |
| Denver, CO | 434 | $191.0 | | | $39.4 | |
| Camden Gulch | | | | | | |
| Nashville, TN | 498 | 300.0 | | | 55.0 | |
| Total | 932 | | $491.0 | | | $94.4 |
Table 29 after “Reconciliations of net income (loss) to NOI for the three and nine months ended September 30, 2025 and 2024 are as follows:”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| (in thousands) | 2025 | 2024 | | 2025 | 2024 | |
| Net income (loss) | $113,579 | | $(2,338) | | $236,940 | $128,231 |
| Less: Fee and asset management income | (2,565) | | (1,707) | | (7,685) | (5,597) |
| Less: Interest and other income | (78) | | (1,076) | | (156) | (4,442) |
| Less: Income on deferred compensation plans | (6,749) | | (8,248) | | (16,297) | (15,140) |
| Plus: Property management expense | 8,863 | | 9,817 | | 28,457 | 29,057 |
| Plus: Fee and asset management expense | 965 | | 623 | | 2,277 | 1,541 |
First 8 of 17 rows. The download has all of them.
Table 30 after “Property NOI, as reconciled above, is detailed further into the following categories for the three and nine months ended September 30, 2025 ”
| ($ in thousands) | Homes at | | Three Months Ended September 30, | | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | |
| 9/30/2025 | | 2025 | | 2024 | | $% | | 2025 | | 2024 | $% | | | | | | | | |
| Property revenues: | | | | | | | | | | | | | | | | | | | |
| Same store communities | 56,156 | | | $374,669 | | | $371,684 | | $2,985 | | 0.8% | | $1,120,199 | | $1,110,735 | | $9,464 | | 0.9% |
| Non-same store communities | 2,703 | | | 15,938 | | | 7,505 | | 8,433 | | 112.4 | | 40,507 | | 19,370 | | 21,137 | | 109.1 |
| Development and lease-up communities | 1,719 | | | 1,876 | | | 424 | | 1,452 | | * | 3,889 | | 623 | | 3,266 | | * | |
| Dispositions/Other | — | | | 3,193 | | | 7,619 | | (4,426) | | (58.1) | | 18,155 | | 26,795 | | (8,640) | | (32.2) |
| Total property revenues | 60,578 | | | $395,676 | | | $387,232 | | $8,444 | | 2.2% | | $1,182,750 | | $1,157,523 | | $25,227 | | 2.2% |
First 8 of 20 rows. The download has all of them.
Table 31 after “The following table details the changes, described above, relating to non-same store and development and lease up NOI:”
| (in millions) | For the three months ended September 30, 2025 as compared to 2024 | For the nine months ended September 30, 2025 as compared to 2024 | |
| Property Revenues: | | | |
| Revenues from acquisitions | $6.7 | | $13.7 |
| Revenues from non-same store stabilized properties | 1.3 | | 6.4 |
| Revenues from development and lease-up properties | 1.5 | | 3.3 |
| Other non-same store | 0.4 | | 1.0 |
| $9.9 | | $24.4 |
| Property Expenses: | | | |
First 8 of 19 rows. The download has all of them.
Table 32 after “Non-Property Income”
| ($ in thousands) | Three Months Ended September 30, | | Change | | Nine Months Ended September 30, | Change | | | | | | | | | | | |
| 2025 | | 2024 | | $% | | 2025 | 2024 | | $% | | | | | | | | |
| Fee and asset management | $2,565 | | | $1,707 | | $858 | | 50.3% | | $7,685 | | $5,597 | | $2,088 | | 37.3% | |
| Interest and other income | 78 | | | 1,076 | | (998) | | (92.8) | | | 156 | | 4,442 | | (4,286) | | (96.5) |
| Income on deferred compensation plans | 6,749 | | | 8,248 | | (1,499) | | (18.2) | | | 16,297 | | 15,140 | | 1,157 | | 7.6 |
| Total non-property income | $9,392 | | | $11,031 | | $(1,639) | | (14.9)% | | | $24,138 | | $25,179 | | $(1,041) | | (4.1)% |
Table 33 after “Other Expenses”
| ($ in thousands) | Three Months Ended September 30, | | Change | | Nine Months Ended September 30, | Change | | | | | | | |
| 2025 | | 2024 | | $% | | 2025 | 2024 | | $% | | | | |
| Property management | $8,863 | | | $9,817 | | $(954) | | (9.7)% | | $28,457 | $29,057 | $(600) | (2.1)% |
| Fee and asset management | 965 | | | 623 | | 342 | | 54.9 | | 2,277 | 1,541 | 736 | 47.8 |
| General and administrative | 19,612 | | | 18,845 | | 767 | | 4.1 | | 59,503 | 53,692 | 5,811 | 10.8 |
| Interest | 34,995 | | | 32,486 | | 2,509 | | 7.7 | | 104,160 | 97,250 | 6,910 | 7.1 |
| Depreciation and amortization | 159,474 | | | 145,844 | | 13,630 | | 9.3 | | 460,834 | 436,540 | 24,294 | 5.6 |
| Expense on deferred compensation plans | 6,749 | | | 8,248 | | (1,499) | | (18.2) | | 16,297 | 15,140 | 1,157 | 7.6 |
First 8 of 9 rows. The download has all of them.
| Three Months Ended September 30, | Change | | Nine Months Ended September 30, | Change | | | | |
| ($ in thousands) | 2025 | 2024 | | $2025 | 2024 | $ | | | |
| Impairment associated with land development activities | $— | | $(40,988) | | $40,988 | | $— | $(40,988) | $40,988 |
| Loss on early retirement of debt | $— | | $— | | $— | | $— | $(921) | $921 |
| Gain on sale of operating properties | $85,645 | | $— | | $85,645 | | $132,938 | $43,806 | $89,132 |
| Income tax expense | $(780) | | $(390) | | $(390) | | $(2,570) | $(2,354) | $(216) |
Table 35 after “Reconciliations of net income (loss) attributable to common shareholders to FFO, Core FFO, and Core AFFO for the three and nine months ended”
| Three Months Ended September 30, | Nine Months Ended September 30, | | | | |
| ($ in thousands) | 2025 | 2024 | | 2025 | 2024 | |
| Funds from operations | | | | | | |
| Net income (loss) attributable to common shareholders | $108,934 | | $(4,204) | | $228,426 | $122,602 |
| Real estate depreciation and amortization | 156,272 | | 142,853 | | 451,326 | 427,595 |
| Impairment associated with land development activities | — | | 40,988 | | — | 40,988 |
| Gain on sale of operating properties | (85,645) | | — | | (132,938) | (43,806) |
| Income allocated to non-controlling interests | 4,645 | | 1,866 | | 8,514 | 5,629 |
First 8 of 24 rows. The download has all of them.
Table 36 after “higher expenditures for new development, partially offset by lower reposition expenditures in 2025 as compared to 2024. The property develop”
| Nine Months Ended September 30, | | |
| (in millions) | 2025 | 2024 | |
| Expenditures for new development, including land | $146.8 | | $129.7 |
| Capital expenditures | 80.1 | | 82.0 |
| Reposition expenditures | 63.9 | | 70.1 |
| Direct real estate taxes and capitalized interest and other indirect costs | 19.6 | | 24.8 |
| Total | $310.4 | | $306.6 |
Table 37 after “We made the following share repurchases during the three months ended September 30, 2025:”
| Period | Total Number of Shares Repurchased | Average Price Paid per Share (1) | Total Number of Shares Purchased as Part of Publicly Announced Plan or Program | Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plan or Program (2) | | |
| July 1, 2025 - July 31, 2025 | — | | $— | | — | $450,013,695 |
| August 1, 2025 - August 31, 2025 | 183,200 | | 106.79 | | 183,200 | 430,449,381 |
| September 1, 2025 - September 30, 2025 | 282,542 | | 107.69 | | 282,542 | 400,023,718 |
| Total | 465,742 | | $107.33 | | 465,742 | |
Table 38 after “Item 6. Exhibits”
| (a) Exhibits | |
| *31.1 | Certification pursuant to Rule 13a-14(a) of Chief Executive Officer dated October 31, 2025 |
| *31.2 | Certification pursuant to Rule 13a-14(a) of Chief Financial Officer dated October 31, 2025 |
| *32.1 | Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes Oxley Act of 2002 |
| *101.INS | XBRL Instance Document - The instance document does not appear in the interactive data file because its XBRL tags are embedded within the Inline XBRL document. |
| *101.SCH | XBRL Taxonomy Extension Schema Document |
| *101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
| *101.DEF | XBRL Taxonomy Extension Definition Linkbase Document |
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