Camden Property Trust reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net income attributable to common shareholders of $142,166,000 or $1.60 per diluted share, as compared to net income attributable to common shareholders of $46,850,000 or $0.62 per diluted share for the same period a year earlier. Total property revenues were $191,432,000 compared to $158,888,000 for the same period in 2011. Income from continuing operations before income taxes of $61,691,000 and income from continuing operations of $61,475,000 or $0.66 per basic and diluted share compared to income from continuing operations before income taxes of $22,647,000 and income from continuing operations of $22,316,000 or $0.25 per basic and diluted share for the same period in 2010. Funds from operations–diluted was $85,928,000 or $0.97 per diluted share compared to negative funds from operations of $64,264,000 or $0.84 per diluted share for the same period in 2010. EBITDA was $110,942,000 compared to $93,041,000 for the same period in 2010. Net operating income was $122,585,000 compared to $100,357,000 for the same period in the previous year.

For the full year, the company reported net income attributable to common shareholders of $283,390,000 or $3.30 per diluted share, as compared to net income attributable to common shareholders of $49,379,000 or $0.66 per diluted share for the same period in 2010. Total property revenues were $727,908,000 compared to $621,074,000 for the same period in 2010. Income from continuing operations before income taxes of $170,545,000 and income from continuing operations of $169,337,000 or $1.88 per diluted share compared to income from continuing operations before income taxes of $25,845,000 and income from continuing operations of $23,625,000 or $0.17 per diluted share for the same period in 2010. Funds from operations–diluted was $313,337,000 or $3.62 per diluted share compared to funds from operations of $207,535,000 or $2.73 per diluted share for the same period in 2010. EBITDA was $420,209,000 compared to $356,244,000 for the same period in 2010. Net operating income was $458,239,000 compared to $380,946,000 for the same period in the previous year.

The board of Trust Managers declared a first quarter 2013 dividend of $0.63 per common share, which is a 12.5% increase over the company's prior quarterly dividend of $0.56 per share. The dividend is payable on April 17, 2013 to holders of record as of March 28, 2013.

The company provided earnings guidance for the first quarter and full year of 2013. First quarter 2013 the company expects earnings to be $0.92 to $0.96 per diluted share for FFO and $0.28 to $0.32 per diluted share for EPS. Guidance for EPS excludes gains on real estate transactions. Camden intends to update its earnings guidance to the market on a quarterly basis.

For the Full-year 2013, the company expects FFO to be $3.85 to $4.05 per diluted share, and EPS is expected to be $1.38 to $1.58 per diluted share. The company's initial 2013 earnings guidance is based on projections of same-property revenue growth between 4.75% and 6.25%, net operating income growth between 5.5% and 7.5%.