ATLANTA--(BUSINESS WIRE)--
Columbia Property Trust, Inc. (NYSE:CXP) announced today that it has
been added to the Russell 1000 and Russell Global Indexes. The addition
of Columbia Property Trust to both indexes follows Russell Investments’
annual reconstitution of its comprehensive set of U.S. and global equity
indexes following the close of equity markets on June 27. Membership in
the Russell 1000, which remains in place for one year, is based on
membership in the broad-market Russell 3000 Index.
“We are pleased to be added to these important market indexes,” said
Nelson Mills, President and Chief Executive Officer of Columbia Property
Trust. “Inclusion in the Russell 1000 and Global Indexes further
supports our objective of attracting institutional investors and raises
awareness of Columbia Property Trust among the broader real estate,
business and investor communities.”
Russell Indexes are widely used by investment managers and institutional
investors for index funds and as benchmarks for active investment
strategies. The Russell 3000 also serves as the U.S. component to the
Russell Global Index. Annual reconstitution of Russell’s U.S. indexes
captures the 4,000 largest U.S. stocks as of the end of May, ranking
them by total market capitalization. Russell determines membership for
its equity indexes primarily by objective, market-capitalization
rankings and style attributes.
About Columbia Property Trust
One of the nation’s largest office REITs, Columbia Property Trust
invests in high-quality commercial office properties in primary U.S.
markets and has achieved an investment-grade rating from both Moody's
and Standard & Poor’s rating services. As of May 8, 2014, Columbia
Property Trust’s portfolio included 44 properties, consisting of 60
operational buildings and comprising approximately 16.8 million square
feet of office space in 13 states and the District of Columbia. For
information about Columbia Property Trust, visit www.ColumbiaPropertyTrust.com.
Forward-Looking Statements:
Certain statements contained in this press release other than
historical facts may be considered forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. We intend for all such
forward-looking statements to be covered by the applicable safe harbor
provisions for forward-looking statements contained in those acts. Such
statements include, in particular, statements about our plans,
strategies, and prospects and are subject to certain risks and
uncertainties, including known and unknown risks, which could cause
actual results to differ materially from those projected or anticipated.
Therefore, such statements are not intended to be a guarantee of our
performance in future periods. Such forward-looking statements can
generally be identified by our use of forward-looking terminology such
as "may," "will," "expect," "intend," "anticipate," "estimate,"
"believe," "continue," or other similar words. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as of the date of this press release. We make no representations or
warranties (express or implied) about the accuracy of any such
forward-looking statements contained in this press release, and we do
not intend to publicly update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
Any such forward-looking statements are subject to risks,
uncertainties, and other factors and are based on a number of
assumptions involving judgments with respect to, among other things,
future economic, competitive, and market conditions, all of which are
difficult or impossible to predict accurately. To the extent that our
assumptions differ from actual conditions, our ability to accurately
anticipate results expressed in such forward-looking statements,
including our ability to generate positive cash flow from operations,
make distributions to stockholders, and maintain the value of our real
estate properties, may be significantly hindered. See Item 1A in the
Company's most recently filed Annual Report on Form 10-K for the year
ended December 31, 2013, 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. The risk factors
described in our Annual Report are not the only ones we face, but do
represent those risks and uncertainties that we believe are material to
us. Additional risks and uncertainties not currently known to us or that
we currently deem immaterial may also harm our business.
Columbia Property Trust, Inc.
Krister Romeyn, 404-465-2231
or
Jim
Fleming, 404-465-2200
IR@columbiapropertytrust.com
Source: Columbia Property Trust, Inc.