Michael P. Gallagher, Chief Accounting Officer at Camden Property Trust (CPT), disposed of 169 shares of common stock on February 18, 2026. The shares were sold at $108.43 apiece for a total consideration of $18,324. This transaction price was close to the prevailing market quotation of $108.59, in the context of a company with a market capitalization of $11.4 billion.
The sale was made explicitly to satisfy liabilities arising from the vesting of restricted shares. After completing the disposition, Gallagher continues to hold 39,640 shares of Camden Property Trust directly. That total includes 213 shares obtained through the company’s Employee Share Purchase Plan.
Camden Property Trust, organized as a real estate investment trust, offers a dividend yield of 3.9% and has paid dividends for 34 consecutive years. The stock is described as appearing overvalued when measured against a Fair Value analysis.
Recent company disclosures also included full fourth-quarter 2025 results. Camden reported earnings per share of $1.44 for the quarter, a figure that materially exceeded the consensus forecast of $0.35 and represents a 311.43% positive surprise versus expectations. At the same time, quarterly revenue totaled $390.79 million, slightly below the expected $393.39 million - a shortfall of 0.66%.
In a financing move, the company priced a $600 million offering of senior unsecured notes with a 10-year tenor. The notes were issued at 99.936% of par and carry a 4.900% coupon rate. They mature on February 28, 2036, and interest on the notes will be paid semi-annually beginning August 28, 2026.
Taken together, the insider sale to cover vesting-related liabilities, the strong EPS outperformance, the small revenue miss and the new long-term debt issuance give investors a set of concurrent data points on Camden’s near-term operating results and financing choices. Each element supplies insight into shareholder distributions, reported profitability and the company’s use of capital markets funding.
Summary
The CAO of Camden Property Trust sold 169 shares on February 18, 2026 to cover restricted-share vesting liabilities. Gallagher retains 39,640 shares after the sale. The REIT reported a significant EPS beat for Q4 2025, a marginal revenue miss, and priced $600 million of 10-year senior unsecured notes at a 4.900% coupon.
Key points
- Insider transaction - 169 shares sold at $108.43 for $18,324 to satisfy vesting-related liabilities; CAO retains 39,640 shares including 213 from an employee share plan.
- Operating results - Q4 2025 EPS of $1.44 far exceeded the $0.35 estimate, while revenue of $390.79 million missed the $393.39 million forecast by 0.66%.
- Financing - Camden priced $600 million of senior unsecured 10-year notes at 99.936% of par with a 4.900% coupon; maturity on February 28, 2036 and semi-annual interest starting August 28, 2026.
Risks and uncertainties
- Valuation concern - The stock is noted as appearing overvalued under a Fair Value analysis, which may affect valuation-sensitive investors and real estate sector allocations.
- Revenue vs. expectations - A slight revenue shortfall in Q4 2025 introduces uncertainty about revenue momentum compared with the sizable EPS beat.
- Debt load and interest obligations - The new $600 million note issuance increases long-term obligations and creates upcoming semi-annual interest payments that investors and credit markets will monitor.