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Columbia Property Trust, Inc. (CXP) SEC Filing 10-Q Quarterly Report for the period ending Thursday, September 30, 2021

Columbia Property Trust, Inc.

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CIK: 1252849 Ticker: CXP
Exhibit 99.1

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Columbia Property Trust Releases Second Quarter 2021 Results

NEW YORK (July 29, 2021) –
Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly period ending June 30, 2021, 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;
•On July 23, replaced the acquisition loan at our Terminal Warehouse Joint Venture with a construction loan with a total capacity of $1.25 billion, which matures on July 23, 2025, with two one-year extension options. Columbia and certain joint venture partners entered into a completion guarantee in connection with the construction loan.
•Portfolio 93.5% leased, with 75,000 square feet leased during the quarter with positive GAAP and cash rent spreads, including 27,600 square feet of leasing at 116 Huntington in Boston and 19,400 square feet of leasing at 80 M Street in Washington, D.C.;
•Total rent collections stood at 98.0% for the second quarter, with deferral agreements executed on another 0.2%; and
•Board continues to pursue a previously announced thorough review of the Company's business, strategies, and positioning, including undertaking a comprehensive strategic alternatives review process that has included outreach to, and identification of, potential transaction counterparties. This review remains ongoing, and there is no assurance that this process will result in any transaction or other action.

Direct link to the Supplemental Information Package:
https://ir.columbia.reit/files/doc_financials/2021/q2/CXP-FSP-Q2-2021-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: 9287552). 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/3192454/9AE9EF8B6365E903A91D79EE73786BB9

The following information was filed by Columbia Property Trust, Inc. (CXP) on Thursday, July 29, 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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Assess how Columbia Property Trust, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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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 (Narrative) (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

Exhibit 31.1: Certification
Exhibit 31.2: Certification
Exhibit 32.1: Certification
Ticker: CXP
CIK: 1252849
Form Type: 10-Q Quarterly Report
Accession Number: 0001252849-21-000112
Submitted to the SEC: Wed Oct 27 2021 4:16:54 PM EST
Accepted by the SEC: Wed Oct 27 2021
Period: Thursday, September 30, 2021
Industry: Real Estate Investment Trusts

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