HOUSTON-Based on solid earnings numbers from Q1 2013, Camden Property Trust has updated its earnings guidance for the remainder of the year, based on current and anticipated views of the multifamily market. The full-year funds from operations is forecast between $3.89 and $4.05 per diluted share, while earnings per share is forecast to range from $1.79 to $1.95 per diluted share.

The reason for the updated guidance was the first quarter report of $0.97 per diluted share which, according to Camden president and trust manager D. Keith Oden, was $0.03 per share higher than the $0.94 per share midpoint of the guidance range. Oden also pointed out during the REIT’s Q1 earnings call that the projected FFO per diluted share between $0.96 and $1 per share forecast during Q2 are the result of a $0.02 per share increase in FFO due to growth in property net operating income as a result of the following:

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