| CPT |
Report |
Q2 Core FFO per share |
IN-LINE |
pred ~$1.68 vs. cons $1.67 |
HIGH |
| CPT |
Report |
Q2 same-property revenue growth |
BEAT |
pred ~0.5% vs. cons 0.4% |
MEDIUM |
| CPT |
Report |
Q2 blended lease-rate spread |
IN-LINE |
pred ~-0.1% vs. cons 0.0% |
MEDIUM |
| CPT |
Guide |
Full-year Core FFO per share midpoint |
UNCHANGED |
guide ~$6.65 vs. cons $6.65 (FY2026) |
MEDIUM |
| CPT |
Guide |
Full-year same-property revenue growth midpoint |
UNCHANGED |
guide ~0.75% vs. cons 0.75% (FY2026) |
MEDIUM |
| CPT |
Guide |
Third-quarter Core FFO per share midpoint |
LOWER |
guide ~$1.67 vs. cons $1.68 (2026Q3) |
MEDIUM |
| CPT |
Guide |
July blended lease-rate spread commentary |
LOWER |
guide ~0.7% vs. cons 1.0% (July 2026) |
MEDIUM |
| CPT |
Return |
Day-1 residual (stock − beta × S&P 500) |
-2.5% |
— |
MEDIUM |
| CPT |
Return |
5-day cumulative residual |
-3.6% (FOLLOW-THROUGH) |
An in-line Q2 print is likely overshadowed by an implicit ~$0.10 reduction from the prior FY2026 Core FFO midpoint and Q3 guidance ~$0.01 below consensus. Delayed California disposition/redeployment timing and July leasing improvement below elevated expectations should pull out-period estimates lower after the initial reaction. |
MEDIUM |