Camden Updates Earnings Guidance For 2016; Anticipates Special Dividend In 2016

(RTTNews) - Camden Property Trust (CPT) announced, for 2016, the company expects FFO per share in the range of $4.45 - $4.65. Analysts polled by Thomson Reuters expect the company to report profit per share of $4.85. Analysts' estimates typically exclude special items.

For the second-quarter, the company expects FFO per share in the range of $1.13 - $1.17. Analysts polled by Thomson Reuters expect the company to report profit per share of $1.21.

Camden anticipates declaring a special dividend in 2016. Provided all planned dispositions are completed as forecasted, the special dividend is anticipated to total $4.25 to $5.25 per share. The company expects to pay approximately 90% of the dividend in the third quarter of 2016, and the remainder in early 2017.