CPT vs. DLR: Camden Property Trust vs. Digital Realty Trust Stock Comparison

Company Profile

Camden Property Trust (CPT) and Digital Realty Trust (DLR) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but CPT is classified in Residential REITs while DLR is classified in Specialized REITs.

Both Camden Property Trust (CPT) and Digital Realty Trust (DLR) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Camden Property Trust (CPT) at 24.45% clears its industry range for ROE, a sharper capital-efficiency signal than Digital Realty Trust (DLR) at 3.34%, which is closer to a typical peer reading.

Neither Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) nor Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) and Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Digital Realty Trust (DLR) at 10.04% sits in the top revenue growth quartile, while Camden Property Trust (CPT) at 1.92% is closer to the peer norm — faster top-line expansion for DLR.

EPS growth isn't a meaningful figure for either Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) or Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Camden Property Trust (CPT) at 0.65 keeps current ratio within its industry’s typical mid-range, while Digital Realty Trust (DLR) at 0.58 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for DLR.

Digital Realty Trust (DLR) at 0.69 keeps leverage in the lower industry quartile, while Camden Property Trust (CPT) at 0.91 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

Camden Property Trust (CPT) at 4.08% pays a yield in its industry’s typical range, while Digital Realty Trust (DLR) at 2.79% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) nor Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Camden Property Trust (CPT) in Equity Real Estate Investment Trusts (REITs) or Digital Realty Trust (DLR) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Camden Property Trust (CPT) at 6.44 is priced about in line with its industry on P/S ratio, while Digital Realty Trust (DLR) at 9.47 sits in the pricier quartile — DLR costs more per dollar of sales.

On P/B ratio, both Camden Property Trust (CPT) at 2.23 and Digital Realty Trust (DLR) at 2.39 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics