NEW YORK--(BUSINESS WIRE)--
Columbia
Property Trust, Inc. (NYSE: CXP) has released its quarterly update
and financial results for the quarterly and annual periods ending
December 31, 2017, by posting its 2017 Form 10-K and Fourth Quarter 2017
Supplemental Information package to the Investor Relations section of
its website.
The Supplemental Information package contains a summary of financial
results and highlights for the quarter on page three, as well as the
Company’s guidance for 2018 on page six, and enumerates the following
key points:
-
2017 FFO per share at top of guidance range
-
2018 guidance includes substantial FFO and NOI growth
-
Portfolio 96% leased
-
83% of portfolio in coastal gateway markets
Direct link to the Supplemental Information Package:
http://ir.columbia.reit/file/4088372/Index?KeyFile=1500107704
To access the Form 10-K, please visit: http://ir.columbia.reit/Docs
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 (412) 542-4180. 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://services.choruscall.com/links/cxp180215.html
A replay of the conference call will be available online in the Investor
Relations section of the Company’s website at http://ir.columbia.reit
shortly after the call and archived for approximately twelve months. The
audio will also be available by telephone through February 22, 2018, by
dialing (877) 344-7529 (passcode: 10115376).
About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) owns and operates Class-A office
buildings concentrated in New York, San Francisco, and Washington, D.C.
Its portfolio includes 19 operating properties with over nine million
square feet, as well as one property under redevelopment. Columbia
carries an investment-grade rating from both Moody’s and Standard &
Poor’s. For more information, please visit www.columbia.reit.
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 share repurchase
program 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, 2017, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180215006370/en/
Columbia Property Trust, Inc.
Matt Stover, 404-465-2227
IR@columbia.reit
Source: Columbia Property Trust, Inc.