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home / news releases / CXP - Columbia Property Trust: Our Thoughts On PIMCO's Offer

CXP - Columbia Property Trust: Our Thoughts On PIMCO's Offer

Columbia Property Trust Inc.
  • Columbia Property Trust announced Tuesday it has entered into an agreement to be acquired by funds managed by PIMCO for $3.9B or $19.30/share in cash.
  • The offer represents a 27% premium over March 12, 2021 closing price. CXP's shares have consistently traded above $21 leading up to the pandemic.
  • We estimate PIMCO is getting CXP at $677/sq. ft. or 6.25% implied cap rate.

For further details see:

Columbia Property Trust: Our Thoughts On PIMCO's Offer
Stock Information
Company Name: Columbia Property Trust Inc.
Stock Symbol: CXP
Market: NYSE
Website: columbia.reit
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