| CPT |
Report |
Core FFO per share (Q2 2026) |
BEAT |
pred ~$1.69 vs. cons $1.66 |
MEDIUM |
| CPT |
Report |
Total Property Revenue (Q2 2026) |
IN-LINE |
pred ~$393.5M vs. cons $393.1M |
MEDIUM |
| CPT |
Report |
Same-Store Blended Lease Rate Growth (Q2 2026 y/y) |
BEAT |
pred ~-0.3% vs. cons ~-1.5% |
LOW |
| CPT |
Guide |
Q3 2026 Core FFO per share guidance |
UNCHANGED |
guide ~$1.70 vs. cons $1.70 (Q3 2026) |
MEDIUM |
| CPT |
Guide |
FY2026 Core FFO per share guidance |
UNCHANGED |
guide ~$6.75 vs. cons $6.74 (FY2026) |
HIGH |
| CPT |
Guide |
FY2026 Same-Store NOI growth guidance |
UNCHANGED |
guide ~-0.50% vs. cons -0.50% (FY2026) |
MEDIUM |
| CPT |
Guide |
California portfolio sale / 1031 proceeds redeployment timing |
UNKNOWN |
guide ~$650M net proceeds closing by Q3 vs. cons $650M by mid-2026 (FY2026) |
LOW |
| CPT |
Return |
Day-1 residual (stock − beta × S&P 500) |
-0.6% |
— |
MEDIUM |
| CPT |
Return |
5-day cumulative residual |
-1.3% (FADE) |
A modest Core FFO beat (driven partly by non-recurring items, as in Q1) is unlikely to move FY26 guidance off the reaffirmed $6.75 midpoint since management has repeatedly stressed quarterly outperformance is timing-related and not to be extrapolated; with CPT already up ~20% off March lows and trading near 2025 highs, an unresolved California sale/1031 timeline, persistent Houston sentiment softness, and Sunbelt blended rates still lagging coastal peers (UDR/EQR/AVB just raised guidance on coastal strength) leave little basis for analysts to lift out-period numbers, so any initial pop fades as the stock reverts toward pre-print levels over the week. |
LOW |