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home / news releases / CXP - Columbia Property Trust: 2021 Will Be Difficult Before Things Pick Up In 2022

CXP - Columbia Property Trust: 2021 Will Be Difficult Before Things Pick Up In 2022

Columbia Property Trust Inc.
  • Columbia Property Trust is guiding for a 20% FFO decrease in 2021 as certain assets have been sold and tenants are relinquishing a few leases.
  • 2021 will be a transition year, and the maintenance capex will increase as CXP plans to revamp some properties.
  • This should have a temporary impact on the AFFO and the payout ratio will increase to around 100%.
  • However, things should improve considerably from 2022 on as the maintenance capex will drop again while the rental income will likely increase.
  • There could be some good buying opportunities this year.

For further details see:

Columbia Property Trust: 2021 Will Be Difficult Before Things Pick Up In 2022
Stock Information
Company Name: Columbia Property Trust Inc.
Stock Symbol: CXP
Market: NYSE
Website: columbia.reit
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