S&P Global Ratings affirmed Camden Property Trust's corporate credit and issue-level ratings at BBB+, while revising the ratings outlook to positive from stable.

The outlook takes into account S&P's expectation that the multifamily real estate investment trust will continue to generate above-average net operating income when compared to its peers, maintain healthy occupancy in the mid- to high-90% range and keep its debt-to-EBITDA ratio in the low 4x area and debt-to-capital below 30%, over the next 12 to 18 months.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings documents referred to in this news brief can be found here.