Camden Property Trust has released its first quarter 2025 results, reporting core funds from operations (FFO) per share at $1.72, which is a 4-cent increase from the prior guidance midpoint of $1.68. The updated guidance for 2025's expected core FFO per share is set at a midpoint of $6.75, reflecting a 3-cent decrease from the previous guidance midpoint of $6.78. The trust's commercial paper program stands with a capacity of $600 million, with $426 million outstanding as of March 31, 2025, and a line of credit serving as a liquidity backstop. Significant developments include various projects, such as Camden Leander in Texas, with 352 units currently in lease-up status, and Camden Nations in Nashville, Tennessee, which remains under construction with 393 units. Camden Property Trust's portfolio also highlights high occupancy rates in certain properties, such as Camden West Nashville at 94% and Camden Long Meadow Farms in Richmond, Texas, with one section having a 92% occupancy rate. Looking ahead, Camden Property Trust has outlined its 2025 acquisitions and dispositions guidance at a midpoint of $750 million each, alongside development starts projected to range between $175 million and $675 million.