Inactive Instrument

Columbia Property Trust, Inc.

CXP

US1982872038

Columbia: 2Q Earnings Snapshot

July 30, 2020 at 11:52 pm

NEW YORK (AP) _ Columbia Property Trust Inc. (CXP) on Thursday reported a key measure of profitability in its second quarter.

The real estate investment trust, based in New York, said it had funds from operations of $46.8 million, or 40 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $5.1 million, or 4 cents per share.

The real estate investment trust posted revenue of $79.4 million in the period.

The company's shares have fallen 44% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.76, a decrease of 47% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXP at https://www.zacks.com/ap/CXP

Latest news about Columbia Property Trust, Inc.

Columbia Property Trust’s 116 Huntington Avenue in Boston Shows Resilient Office Demand with 115,000 Square Feet of Leasing	12/12/22	CI
Columbia Property Trust, Inc. Announces Executive Changes	23/08/22	CI
Columbia Property Trust, Inc. Announces Chief Executive Officer Changes	23/08/22	CI
Columbia Property Trust Signs Lease with Wellington Management for Four Full Floors At 799 Broadway	19/05/22	CI
Arkhouse Partners nominates directors to Preferred Apartment Communities board -sources	31/12/21	RE
Columbia Property Trust, Inc.(NYSE:CXP) dropped from S&P Global BMI Index	08/12/21	CI
Columbia Property Trust, Inc.(NYSE:CXP) dropped from S&P TMI Index	08/12/21	CI
Fund managed by Pacific Investment Management Company LLC completed the acquisition of Columbia Property Trust, Inc. from The Vanguard Group, Inc., BlackRock, Inc., Invesco Ltd., JPMorgan Chase & Co. and others.	06/12/21	CI
Columbia Property Trust Unveils Special Cash Dividend of $2.17 a Share Linked to Pacific Investment Management Co. Deal	29/11/21	MT
Columbia Property Trust, Inc. Declares Special Dividend, Payable on December 8, 2021	29/11/21	CI
Tranche Update on Columbia Property Trust, Inc.'s Equity Buyback Plan announced on October 25, 2019.	27/10/21	CI
Columbia Property Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021	27/10/21	CI
Columbia Property Trust Secures Initial Lease at 799 Broadway, its Ground-Up Development in Union Square / Greenwich Village	04/10/21	CI
North American Morning Briefing : Stock Futures -3-	08/09/21	DJ
KE : Financial Stocks Posting Slim Declines in Late Afternoon Trade	07/09/21	MT
United Insurance : Financial Stocks Sliding Tuesday	07/09/21	MT
Columbia Property Trust : Enters $3.9-Billion Acquisition Deal With Pacific Investment Management	07/09/21	MT
COLUMBIA PROPERTY TRUST : BMO Capital Downgrades Columbia Property Trust to Market Perform from Outperform, Adjusts Price Target to $19.30 from $19.50	07/09/21	MT
Wall Street falls on worries over slowing economic recovery	07/09/21	RE
Wall Street to open flat as Delta variant weighs on recovery	07/09/21	RE
Columbia Property Trust : Agrees to $19.30/Share Cash Offer From Pacific Investment Management; Shares Jump	07/09/21	MT
PIMCO to buy Columbia Property Trust for $2.2 bln in office property push	07/09/21	RE
PIMCO to buy Columbia Property Trust in $3.9 bln deal	07/09/21	RE
Fund managed by Pacific Investment Management Company LLC entered into a definitive agreement to acquire Columbia Property Trust, Inc. from The Vanguard Group, Inc., BlackRock, Inc., Invesco Ltd., JPMorgan Chase & Co. and others for $2.1 billion.	06/09/21	CI
Columbia Property Trust, Inc.'s Equity Buyback announced on October 25, 2019, has expired with 2,809,982 shares, representing 2.42% for $56.74 million.	03/09/21	CI

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Columbia Property Trust, Inc. operates as a real estate investment trust (REIT), which owns and operates commercial real estate properties. Its segments include New York, San Francisco, Washington, D.C., Boston, and all other office markets. It acquires, develops, redevelops, owns, leases, and operates real properties directly, through wholly owned subsidiaries, or through joint ventures. Its primary objective is to generate long-term stockholder returns from a combination of steadily growing cash flows and appreciation in its net asset values, through the acquisition and ownership of office buildings located in high-barrier-to-entry markets. Its portfolio consists of office properties located primarily in Central Business Districts (CBD) within high-barrier costal office markets (gateway markets). It owns approximately 15 operating properties and four properties under development or redevelopment.

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Commercial REITs

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