Columbia Property Trust Releases First Quarter 2021 Results
29 Avril 2021 - 10:07PM
Business Wire
Columbia Property Trust, Inc. (NYSE: CXP) has released its
quarterly update and financial results for the quarterly period
ending March 31, 2021, by posting its First Quarter Form 10-Q and
Supplemental Information package to the Investor Relations section
of its website.
Full results and additional information on the recent highlights
summarized below can be found in the Supplemental Information
package:
- Announces first quarter results, including Net Income per share
and Normalized FFO per share;
- Portfolio 94.0% leased, with 69,000 square feet leased during
the quarter at double-digit positive GAAP and cash rent releasing
spreads;
- Total rent collections stood at 97.6% for the first quarter,
with deferral agreements executed on another 0.2%; and
- On April 8, 2021, announced that the Board has commenced a
thorough review of the Company's business, strategies, and
positioning, including undertaking a comprehensive strategic
alternatives review process that will include outreach to, and
identification of, potential transaction counterparties, and
related to which the Company incurred $2.4 million in strategic
review costs in the first quarter. There is no deadline or
definitive timetable set for completion of this review, and there
is no assurance that this process will result in any transaction,
including a sale of the Company, privatization, or entry into a
business combination.
Direct link to the Supplemental Information Package:
https://ir.columbia.reit/files/doc_financials/2021/q1/CXP-FSP-Q1-2021-FINAL.pdf
To access the Form 10-Q, please visit:
https://ir.columbia.reit/financials/sec-filings/
As previously announced, the Company will host a live conference
call and audio webcast later today at 5:00 p.m. ET. The number to
call to participate in the interactive teleconference is (825)
312-2053 (U.S. and international) – (Conference ID: 7877257). To
access the live webcast, interested parties may go to the Investor
Relations section of Columbia’s website at least fifteen minutes
prior to the start time of the call in order to register and to
download and install any necessary audio software.
Direct link to the Conference Call Webcast:
https://event.on24.com/wcc/r/3080303/DB5494DD212CA531E746458D6A16CE29
A replay of the conference call will be available online in the
Investor Relations section of the Company’s website at
https://ir.columbia.reit shortly after the call and archived for
approximately twelve months.
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates storied properties
for legendary companies in New York, San Francisco, Washington
D.C., and Boston. The Columbia team is deeply experienced in
transactions, asset management and repositioning, leasing,
development, and property management. It employs these competencies
to grow value across its high-quality, well-leased office portfolio
of 15 properties that contain more than six million rentable square
feet, as well as four properties under development, and also has
more than eight million square feet under management for private
investors and third parties. Columbia has investment-grade ratings
from both Moody’s and S&P Global Ratings. For more information,
please visit www.columbia.reit.
Forward-Looking Statements:
Certain statements in this press release, including statements
regarding future business operations, may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements are based on management’s current expectations and
involve a number of risks and uncertainties. Our actual results may
differ materially from projections. For a discussion of some of the
risks and uncertainties that could cause actual results to differ
materially from those presented in our forward-looking statements,
see Columbia Property Trust’s filings with the Securities and
Exchange Commission, including the most recent annual report on
Form 10-K. We caution readers not to place undue reliance on these
forward-looking statements, which are based on current expectations
and speak as of the date of such statements. We make no
representations or warranties (express or implied) about the
accuracy of, nor do we intend to publicly update or revise any such
forward-looking statements contained herein, whether as a result of
new information, future events, or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005956/en/
Investor Relations Contact: Matt Stover T 404 465
2227 E IR@columbia.reit
Columbia Property (NYSE:CXP)
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