Camden Property Trust (CPT) is overvalued and Equity Lifestyle Properties Inc (ELS) is overvalued.
Both trade above our estimate of their intrinsic value. ELS is the closer of the two: -79%, against -209% for CPT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.2% (average of 2 methods) values the shares at $32.17; the price of $99.31 is 209% above that value, and 79% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 8.0% (average of 3 methods) values the shares at $33.71; the price of $60.26 is 79% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | CPT | ELS |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $99.31 | $60.26 |
| Intrinsic value | $32.17 | $33.71 |
| Margin of safety | -209% | -79% |
| Leak Score | 0/100 (2/12) | 0/100 (2/12) |
| Market cap | $13.4B | $12.1B |
| Revenue growth, 5 years | 8.5% | 7.1% |
| Operating margin | 17.7% | 34.3% |
| Net margin | 20.6% | 25.7% |
| Return on equity | 7.8% | 23.0% |
| Debt to equity | 1.28 | 1.88 |
| P/E | 32.9x | 29.3x |
| Forward P/E | 87.8x | 27.4x |
| P/B | 2.7x | 6.7x |
| Dividend yield | 4.3% | 3.6% |