What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Camden Property Trust (CPT) spend its free cash flow?

For TTM through Q1 2026, Camden Property Trust generated $827M of operating cash flow and $714M of free cash flow — a free cash flow margin of 86.4% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Camden Property Trust (CPT) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Camden Property Trust's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Camden Property Trust (CPT) Cash Flow Waterfall

Operating CF

$827M

Capex

-$112M

Free Cash Flow

$714M

FCF Margin

+86.4%

Cash flow waterfall for Camden Property Trust (CPT) — TTM through Q1 2026

Free cash flow: $714M

Cash flow breakdown for Camden Property Trust (CPT) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$827M	$827M
Capital Expenditure	-$112M	$714M
Free Cash Flow	$714M	$714M
Other Investing	-$131M	$583M
Share Buybacks	-$533M	$49.4M
Dividends Paid	-$576M	-$526M
Net Debt Change	$488M	-$38.4M
Other Financing & FX	$131M	$92.5M
Net Cash Increase	$92.5M	$92.5M

Operating Cash Flow$827M
Capital Expenditure-$112M
Free Cash Flow$714M
Other Investing-$131M
Share Buybacks-$533M
Dividends Paid-$576M
Net Debt Change$488M
Other Financing & FX$131M
Net Cash Increase$92.5M

Want to see what drove the FCF change?Free Cash Flow Bridge

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Camden Property Trust (CPT) Key Financials

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Income Statement

Balance Sheet

Profitability

Operating Margin18.4%

Cash Flow

Capital Return

Forecast & Valuation

Operations

Employees1.6K

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