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Camden Property Trust (CPT.N), opens new tab beat Wall Street estimates for second-quarter funds from operations (FFO) on Thursday, helped by strong demand for rental spaces in states like North Carolina and Arizona. Rental supply across the United States, most prominently in the country's Sunbelt region, remains elevated. The real estate investment trust (REIT), however, said that less than 20% of its portfolio is in the markets where supply is outstripping demand.