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Columbia Property Trust, Inc. (CXP) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Columbia Property Trust, Inc.

CIK: 1252849 Ticker: CXP
Exhibit 99.1

columbia_72ppixrgb1.jpg

Columbia Property Trust Releases Fourth Quarter and Full Year 2020 Results and Provides 2021 Guidance

NEW YORK (February 18, 2021)
– Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly and annual periods ending December 31, 2020, by posting its 2020 Form 10-K and Fourth Quarter 2020 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:

Provides financial results for 2020 consistent with previous guidance;
Provides 2021 full year guidance ranges;
As of December 31, 2020, portfolio was 95.6% leased;
Since the start of 2021, have leased an additional 59,000 square feet, including 47,000 square feet in the San Francisco market at double-digit positive cash rent releasing spreads;
In the fourth quarter, recognized a one-time, $8.1 million charge against lease revenues, of which $7.2 million is a result of moving several retail tenants to cash-basis revenue recognition;
Total rent collections stood at 97.9% for the fourth quarter, with deferral agreements executed on another 0.7%; and
Recognized a gain of $175.3 million on the sale to Allianz of a 45% interest in the 221 Main Street joint venture, and used proceeds from the sale to pay down our line of credit.

Direct link to the Supplemental Information Package:
https://ir.columbia.reit/files/doc_financials/2020/q4/CXP-FSP-Q4-2020-FINAL.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 (825) 312-2053 (U.S. and international) – (Conference ID: 4897565). 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/2937503/79A63C272EF6CAE9BDE897EC8FB54217



The following information was filed by Columbia Property Trust, Inc. (CXP) on Thursday, February 18, 2021 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.

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Columbia Property Trust, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2021 10-K Annual Report includes:

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

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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 (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 (Purchase Price Allocation) (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: 0001252849-21-000070
Submitted to the SEC: Thu Apr 29 2021 4:09:48 PM EST
Accepted by the SEC: Thu Apr 29 2021
Period: Wednesday, March 31, 2021
Industry: Real Estate Investment Trusts

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