Last10K.com

Columbia Property Trust, Inc. (CXP) SEC Filing 10-Q Quarterly report for the period ending Wednesday, September 30, 2020

Columbia Property Trust, Inc.

CIK: 1252849 Ticker: CXP
Exhibit 99.1

columbia72ppirgb1.jpg

Columbia Property Trust Releases Second Quarter 2020 Results and Updates Full Year 2020 Guidance

NEW YORK (July 30, 2020) – Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly period ending June 30, 2020, by posting its Second 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 second quarter results, including Net Income per share and Normalized FFO per share, that track favorably with prior full year 2020 guidance;
Revises certain key guidance metrics higher;
Portfolio 97.2 percent leased, with total rent collections at 97.2% for the second quarter and deferral agreements executed on another 0.6%, as the Company continues to monitor the impact of the COVID-19 pandemic on its business, tenants, and the industry as a whole;
Leased 87,000 square feet during the second quarter, exceeding the amount leased during the same quarter in 2019, highlighted by a 68,000-square-foot extension and expansion with one of our larger tenants in Washington, D.C.; and
In July, terminated its lease with WeWork at 149 Madison in New York, resulting in Columbia regaining control of the property and WeWork’s improvements and a $6.4 million termination fee, as well as the elimination of Columbia’s obligation to fund another $18.7 million of combined redevelopment and tenant improvement allowances owed to the tenant.

Direct link to the Supplemental Information Package:
https://s24.q4cdn.com/622792959/files/doc_financials/2020/q2/CXP-FSP-Q2-2020-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: 7630858). 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/2403516/AE51E57797B361534B21B6E932DD7340

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 August 6, 2020, by dialing (416) 621-4642 (Conference ID: 7630858).



The following information was filed by Columbia Property Trust, Inc. (CXP) on Thursday, July 30, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Columbia Property Trust, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Columbia Property Trust, Inc..

Continue

Assess how Columbia Property Trust, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Columbia Property Trust, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Other
Filter Subcategory:
All
Product
Expense
Earnings
Cash Flow
Income
Shares
Geography
Debt
Other
Inside Columbia Property Trust, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
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 (Parenthetical)
Consolidated Statements Of Operations
Bonds Payable
Bonds Payable (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Earnings Per Share
Earnings Per Share (Basic And Diluted Eps Computations) (Details)
Earnings Per Share (Tables)
Leases
Leases (Tables)
Leases - Fixed And Variable Revenues (Details)
Leases - Narrative (Details)
Line Of Credit And Notes Payable
Line Of Credit And Notes Payable (Narrative) (Details)
Line Of Credit And Notes Payable (Schedule Of Long-Term Debt (Excluding Bonds Payable)) (Details)
Line Of Credit And Notes Payable (Tables)
Non-Lease Revenues
Non-Lease Revenues (Details)
Noncontrolling Interests
Noncontrolling Interests (Details)
Organization
Organization (Details)
Segment Information
Segment Information (Net Operating Income By Geographic Reportable Segment) (Details)
Segment Information (Operating Revenues By Geographic Reportable Segment) (Details)
Segment Information (Reconciliation Of Gaap Net Income To Noi) (Details)
Segment Information (Tables)
Stockholders' Equity
Stockholders' Equity (Director Stock Grants) (Details)
Stockholders' Equity (Narrative) (Details)
Stockholders' Equity (Stock-Based Compensation Expenses) (Details)
Stockholders' Equity (Tables)
Stockholders' Equity (Unvested Activity Rollforward) (Details)
Subsequent Event
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Assets And Liabilities Held For Sale) (Details)
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 (Schedule Of Future Amortization By Intangible Asset Class) (Details)
Summary Of Significant Accounting Policies (Schedule Of Intangible Assets &Amp; Liabilities) (Details)
Summary Of Significant Accounting Policies (Schedule Of Recognized Amortization) (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)
Transactions
Transactions (Acquisitions Narrative) (Details)
Transactions (Dispositions Narrative) (Details)
Transactions (Dispositions) (Details)
Transactions (Pro Forma Information) (Details)
Transactions (Purchase Price Allocation) (Details)
Transactions (Schedule Of Properties Acquired) (Details)
Transactions (Tables)
Unconsolidated Joint Ventures
Unconsolidated Joint Ventures (Condensed Balance Sheet Information For Joint Ventures) (Details)
Unconsolidated Joint Ventures (Condensed Income Statement Information For The Joint Ventures) (Details)
Unconsolidated Joint Ventures (Details)
Unconsolidated Joint Ventures (Management Fees) (Details)
Unconsolidated Joint Ventures (Narrative) (Details)
Unconsolidated Joint Ventures (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-Q Quarterly Report
Accession Number: 0001252849-20-000107
Submitted to the SEC: Thu Oct 29 2020 4:11:54 PM EST
Accepted by the SEC: Thu Oct 29 2020
Period: Wednesday, September 30, 2020
Industry: Real Estate Investment Trusts

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/cxp/0001252849-20-000107.htm