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Columbia Property Trust, Inc. (CXP) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2019

Columbia Property Trust, Inc.

CIK: 1252849 Ticker: CXP


Exhibit 99.1

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Columbia Property Trust Releases Fourth Quarter and Full Year 2019 Results and Updates 2020 Guidance
NEW YORK (February 13, 2020)
- Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly and annual periods ending December 31, 2019, by posting its 2019 Form 10-K and Fourth Quarter 2019 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:
Updates 2020 full year guidance ranges;
Provided net income per share of $0.08 in 2019 and exceeded high end of full-year 2019 guidance range for Normalized FFO per share, which had been raised during the year;
Maintained portfolio at 97 percent leased overall, with 779,000 square feet of leasing across the portfolio in 2019;
Acquired a 92.5% interest in 101 Franklin Street, a 235,000-square-foot office building in Manhattan that will be fully redeveloped, through a joint venture that purchased the building for $205.5 million; we also acquired 201 California Street, a 252,000-square-foot office tower in San Francisco for $238.9 million;
Subsequent to year end, sold Cranberry Woods in Pittsburgh for a gross sale price of $180.0 million;
Also in January 2020, acquired Normandy Real Estate Management, a leading developer, operator, and investment manager of office and mixed-use assets in New York; Boston; and Washington, D.C.
Direct link to the Supplemental Information Package:
https://ir.columbia.reit/files/doc_financials/2019/q4/CXP-FSP-Q4-2019-2.12.20.pdf
To access the Form 10-K, 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 (647) 689-6598 (U.S. and international) - (Conference ID: 3682145). 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/2153660/9814D40E5E51801269036ED1608B637F
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. The audio will also be available by telephone through Feb. 20, 2020, by dialing (416) 621-4642 (Conference ID: 3682145).



The following information was filed by Columbia Property Trust, Inc. (CXP) on Thursday, February 13, 2020 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

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Capital
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Equity (Parenthetical)
Consolidated Statements Of Operations
Bonds Payable
Bonds Payable (Details)
Commitments And Contingencies
Commitments And Contingencies (Lease Obligations) (Details)
Earnings Per Share
Earnings Per Share (Schedule Of Basic And Diluted Eps Computation) (Details)
Earnings Per Share (Tables)
Income Taxes
Income Taxes (Distributions) (Details)
Income Taxes (Effective Tax Rate Reconciliation) (Details)
Income Taxes (Schedule Of Income Tax Basis Net Income) (Details)
Income Taxes (Tables)
Leases
Leases (Tables)
Leases - Narrative (Details)
Leases - Schedule Of Future Minimum Lease Payments To Be Made (Details)
Leases - Schedule Of Future Minimum Lease Payments To Be Received (Details)
Leases - Summary Of Fixed And Variable Revenues (Details)
Leases - Summary Of Impact Of Operating Leases On Consolidated Balance Sheet (Details)
Leases - Summary Of Impact Of Operating Leases On Statements Of Operations And Statements Of Cash Flows (Details)
Line Of Credit And Notes Payable
Line Of Credit And Notes Payable (Maturities) (Details)
Line Of Credit And Notes Payable (Narrative) (Details)
Line Of Credit And Notes Payable (Tables)
Line Of Credit And Notes Payable - Schedule Of Long-Term Debt (Excluding Bonds Payable) (Details)
Non-Lease Revenues
Non-Lease Revenues (Details)
Organization
Organization (Details)
Quarterly Results (Unaudited)
Quarterly Results (Unaudited) (Details)
Quarterly Results (Unaudited) (Tables)
Real Estate Transactions
Real Estate Transactions (Tables)
Real Estate Transactions - Dispositions (Details)
Real Estate Transactions - Narrative (Details)
Real Estate Transactions - Pro Forma (Details)
Real Estate Transactions - Purchase Price Allocation (Details)
Real Estate Transactions - Schedule Of Properties Acquired (Details)
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization (Details)
Schedule Iii - Real Estate Assets And Accumulated Depreciation And Amortization (Rollforward) (Details)
Segment Information
Segment Information (Operating Revenues By Geographic Reportable Segment) (Details)
Segment Information (Reconciliation Of Net Operating Income) (Details)
Segment Information (Tables)
Segment Information - Reconciliation Of Revenue From Segments To Consolidated (Details)
Stockholders' Equity And Partner's Capital
Stockholders' Equity And Partner's Capital (Tables)
Stockholders' Equity And Partner's Capital - Narrative (Details)
Stockholders' Equity And Partner's Capital - Summary Of Incurred Stock-Based Compensation Expense (Details)
Stockholders' Equity And Partner's Capital - Summary Of Shares Granted To Independent Directors (Details)
Stockholders' Equity And Partner's Capital - Summary Of The Activity Of The Employee Stock Grants (Details)
Subsequent Events
Subsequent Events (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Interest Rate Swaps) (Details)
Summary Of Significant Accounting Policies (Narrative) (Details)
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Assets And Liabilities Held For Sale (Details)
Summary Of Significant Accounting Policies - Schedule Of Estimated Useful Lives For Real Estate (Details)
Summary Of Significant Accounting Policies - Schedule Of Intangible Assets &Amp; Liabilities (Details)
Summary Of Significant Accounting Policies - Schedule Of Net Below-Market Lease Asset Amortization (Details)
Supplemental Disclosure Of Noncash Investing And Financing Activities (Details)
Supplemental Disclosure Of Noncash Investing And Financing Activities (Tables)
Supplemental Disclosures Of Noncash Investing And Financing Activities
Unconsolidated Joint Ventures
Unconsolidated Joint Ventures (Condensed Balance Sheet Information) (Details)
Unconsolidated Joint Ventures (Condensed Income Statement Information) (Details)
Unconsolidated Joint Ventures (Narrative) (Details)
Unconsolidated Joint Ventures (Property And Asset Management Fees) (Details)
Unconsolidated Joint Ventures (Tables)
Unconsolidated Joint Ventures - Summary Of Financial Information For The Joint Ventures (Details)
Ticker: CXP
CIK: 1252849
Form Type: 10-K Annual Report
Accession Number: 0001252849-20-000038
Submitted to the SEC: Thu Feb 13 2020 4:26:24 PM EST
Accepted by the SEC: Thu Feb 13 2020
Period: Tuesday, December 31, 2019
Industry: Real Estate Investment Trusts

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