Camden Property Trust Is A High-Quality Dividend Stock

Wall Street hates real estate. And housing prices are out of control throughout much of the United States…

Which is why I’m interested in exploring multifamily apartment REITs.

It’s a beaten-down yet essential sector.

Camden Property Trust ($CPT) is one of the businesses in this space that’s caught my eye. This is a high-yield, multifamily apartment REIT that owns desirable “sunbelt” properties. And, the company has an extremely safe dividend payout ratio that’s much lower than its peers.

If you’re interested in owning large, multifamily apartment buildings, this article’s for you.

What Does Camden Property Trust Do?

Camden Property Trust owns 172 large apartment complexes containing 58,634 total units. Unlike certain REITs which only focus on one state or city, Camden’s buildings are spread across the country.

Camden’s units are almost all located in the lower half of the United States, with buildings in places like Georgia, Tennessee, Texas, Florida, and Arizona. These are some of the fastest-growing states. And as a result, Camden’s portfolio enjoys an average occupancy rate of 95%.