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Columbia Property Trust, Inc. (CXP) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Columbia Property Trust, Inc.

CIK: 1252849 Ticker: CXP


Exhibit 99.1



FOR IMMEDIATE RELEASE
Analysts and Institutional Investors:
Shareholder Services:
James A. Fleming
 
EVP - Chief Financial Officer
T 855-347-0042 (toll free)
T 404-465-2200
F 816-701-7629
 
E shareholders@columbiapropertytrust.com
 
 
Tripp Sullivan
 
Corporate Communications, Inc.
 
T 615-324-7335
 
E tripp.sullivan@cci-ir.com
 

Columbia Property Trust Reports Fourth Quarter 2013 Results
ATLANTA--February 12, 2014--Columbia Property Trust, Inc. (the “Company”) (NYSE: CXP) reported financial results today for the fourth quarter and year ended December 31, 2013.
Highlights:
For the fourth quarter of 2013, compared with the prior-year period, Normalized Funds from Operations (FFO) per diluted share increased 11% to $0.52, Adjusted Funds from Operations (AFFO) per diluted share increased 13% to $0.35, and Net Income Attributable to Common Shareholders per diluted share increased 11% to $0.10
For the full year 2013, compared with 2012, Normalized FFO per diluted share increased 4% to $2.08, AFFO per diluted share decreased 2% to $1.41, and Net Income Attributable to Common Stockholders per diluted share decreased 66% to $0.12
Completed $521.5 million sale of 18 properties and used proceeds to pay down $90 million of secured debt and $115 million of unsecured debt and to fund $234.1 million purchase of common shares
Completed 1.8 million square feet of new and renewal leasing in 2013
“The fourth quarter capped one of the more successful and important years in the progression of our company,” noted Nelson Mills, President, CEO and Director of Columbia Property Trust. “We gained substantial momentum in leasing and operational performance, and we improved our liquidity and strategic focus with a $500 million disposition of selected assets. We are pleased with the growth in Normalized FFO and AFFO in the quarter and the solid foundation it provides for executing our business plan in 2014.
“We have outlined clear objectives for 2014 and beyond that we believe will establish Columbia Property Trust, not only as an effective real estate operator, but also as a proven value creator. We believe these objectives will drive improved performance of our core portfolio as well as generate opportunities for value creation and growth. We



The following information was filed by Columbia Property Trust, Inc. (CXP) on Wednesday, February 12, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document Entity Information
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization (details)
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization Real Estate Assets And Accumulated Depreciation And Amortization (notes)
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization Rollforward (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity Parentheticals (unaudited)
Consolidated Statements Of Operations
Bonds Payable
Bonds Payable (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies Lease Obligations (details)
Discontinued Operations
Discontinued Operations (narratives) (details)
Discontinued Operations (schedule Of Revenue And Expenses From Discontinued Operations) (details)
Discontinued Operations (tables)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (condensed Consolidating Balance Sheets) (details)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (consolidating Statements Of Cash Flows) (details)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (consolidating Statements Of Comprehensive Income) (details)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (consolidating Statements Of Operations) (details)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (narratives) (details)
Financial Information For Parent Guarantor, Other Guarantor Subsidiaries And Non-guarantor Subsidiaries (tables)
Income Taxes
Income Taxes (tables)
Income Taxes Distributions (details)
Income Taxes Effective Tax Rate Reconciliation (details)
Income Taxes Schedule Of Income Tax Basis Net Income (details)
Line Of Credit And Notes Payable
Line Of Credit And Notes Payable (narratives) (details)
Line Of Credit And Notes Payable (schedule Of Long-term Debt (excluding Bonds Payable)) (details)
Line Of Credit And Notes Payable (tables)
Line Of Credit And Notes Payable Maturities (details)
Operating Leases
Operating Leases (details)
Operating Leases (tables)
Organization
Organization (details)
Quarterly Results (unaudited)
Quarterly Results (unaudited) (details)
Quarterly Results (unaudited) (tables)
Real Estate Transactions
Real Estate Transactions (details)
Real Estate Transactions (tables)
Real Estate Transactions - Interests In Properties Acquired (details)
Real Estate Transactions - Pro Forma (details)
Related-party Transactions And Agreements
Related-party Transactions And Agreements (narratives) (details)
Related-party Transactions And Agreements (schedule Of Amounts Due To Affiliates) (details)
Related-party Transactions And Agreements (schedule Of Related-party Costs) (details)
Related-party Transactions And Agreements (tables)
Stockholders' Equity
Stockholders' Equity (details)
Stockholders' Equity (tables)
Stockholders' Equity Summary Of Stock Option Under The Director Plan (details)
Subsequent Event
Subsequent Event (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (interest Rate Swaps) (details)
Summary Of Significant Accounting Policies (narratives) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (schedule Of Future Amortization By Intangible Asset Class) (details)
Summary Of Significant Accounting Policies (schedule Of Future Amortization For Below-market Lease Assets) (details)
Summary Of Significant Accounting Policies (schedule Of Intangible Assets & Liabilities) (details)
Summary Of Significant Accounting Policies (schedule Of Recognized Fair Value Adjustments) (details)
Summary Of Significant Accounting Policies (tables)
Supplemental Disclosures Of Noncash Investing And Financing Activities
Supplemental Disclosures Of Noncash Investing And Financing Activities (details)
Supplemental Disclosures Of Noncash Investing And Financing Activities (tables)

Material Contracts, Statements, Certifications & more

Columbia Property Trust, Inc. provided additional information to their SEC Filing as exhibits

Ticker: CXP
CIK: 1252849
Form Type: 10-K Annual Report
Accession Number: 0001252849-14-000036
Submitted to the SEC: Thu Feb 20 2014 5:13:44 PM EST
Accepted by the SEC: Thu Feb 20 2014
Period: Tuesday, December 31, 2013
Industry: Real Estate Investment Trusts

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