CXP - Columbia Property Trust Releases Third Quarter 2018 Results and Raises 2018 Guidance

Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the period ending September 30, 2018, by posting its Third Quarter Form 10-Q and Supplemental Information package to the Investor Relations section of its website.

The Supplemental Information package contains a summary of financial results and highlights for the quarter on page three, and enumerates the following key points:

• Portfolio remains over 97% leased, following 421,000 square feet of leasing in the quarter, including an expansion and extension with Arby’s Restaurant Group, a subsidiary of Inspire Brands, that resulted in a full-building lease at Three Glenlake in Atlanta;
• In October, signed a 115,000-square-foot lease with WeWork for the full office portion of 149 Madison Avenue in New York;
• In October, acquired a 49.7% share in a joint venture to develop a new office building at 799 Broadway in New York;
• Raised 2018 guidance.

Direct link to the Supplemental Information Package: http://ir.columbia.reit/file/4088372/Index?KeyFile=1500114114

To access the Form 10-Q, please visit: http://ir.columbia.reit/Docs

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 (412) 542-4180. 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://services.choruscall.com/links/cxp181025.html

A replay of the conference call will be available online in the Investor Relations section of the Company’s website at http://ir.columbia.reit shortly after the call and archived for approximately twelve months. The audio will also be available by telephone through Nov. 1, 2018, by dialing (877) 344-7529 (passcode: 10124230).

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) creates value through owning, operating and developing Class-A office buildings in high-barrier U.S. office markets, primarily New York, San Francisco, and Washington D.C. Columbia is deeply experienced in transactions, asset management and repositioning, leasing, and property management. It employs these competencies to grow value across its high-quality, well-leased portfolio of 19 properties that contain nine million rentable square feet, as well as one property under development. Columbia has investment-grade ratings from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.

Forward-Looking Statements:

Certain statements in this press release, including statements regarding future business operations, may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are subject to uncertainty and risks. Our actual results may differ materially from projections. See Item 1A in the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2017, for a discussion of some of the risks and uncertainties that could cause actual results to differ materially from those presented in our forward-looking statements. Such forward-looking statements are based on current expectations and speak as of the date of such statements. We make no representations or warranties (express or implied) about the accuracy of, nor do we intend to publicly update or revise, any such forward-looking statements contained herein, whether as a result of new information, future events, or otherwise.

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