Camden Property Trust (CPT) shares are soaring 5.50% in pre-market trading on Friday, following the release of its better-than-expected first-quarter 2025 earnings report. The real estate investment trust specializing in multifamily properties has demonstrated resilience in a challenging market environment.

The company reported adjusted earnings per share of $0.36 for the quarter ended March 31, surpassing the mean analyst expectation of $0.34. While this figure is lower than the $0.77 per share reported in the same quarter last year, it represents a significant beat against current market projections. Revenue also impressed, rising 1.9% year-over-year to $390.57 million, outpacing analyst estimates of $388.92 million.

Adding to the positive sentiment, Stifel raised its price target for Camden Property Trust to $122.75 from $122, reflecting increased confidence in the company's prospects. However, it's worth noting that Piper Sandler maintained its Hold rating on the stock, suggesting a more cautious outlook. The contrasting views highlight the complex nature of the current real estate market. Despite these mixed signals, Camden Property Trust's consistent performance – having beaten earnings estimates for four consecutive quarters – appears to be driving investor optimism in the near term.