Columbia Property Trust Releases First Quarter 2020 Results and Revises Full Year 2020 Guidance
Columbia Property Trust, Inc. (CXP)
Last columbia property trust, inc. earnings: 4/30 04:07 pm
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US:NYSE Investor Relations:
ir.columbia.reit
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly period ending March 31, 2020, by posting its First 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 results, including Net Income per share and Normalized FFO per share;Portfolio 97.6 percent leased, with 125,800 square feet leased during the quarter at positive GAAP and cash rent releasing spreads of 16 percent and 9 percent, respectively;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.;Sold Cranberry Woods in Pittsburgh and Pasadena Corporate Park in suburban Los Angeles for combined gross proceeds of nearly $260 million;Sig
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