CXP News and Press, Columbia Property Trust Inc. From 04/03/21

Columbia's holdings are class A office properties in America's largest markets, including New York, San Francisco, and Washington DC. Short-term stability should not masquerade the office sector's potential medium- and long-term struggles due to shorter lease terms, expected vacancy i...

Is "Work-From-Home" the new normal? A year into the pandemic, office utilization in major U.S. cities remains a fraction of pre-pandemic levels with coastal cities facing a particularly slow recovery. The "reopening rotation" has boosted many of the urban office REITs to double-digit ...

U.S. equity markets finished modestly lower on a choppy week as assurances from the Fed of a "lower-for-longer" policy regime didn't slow the continued march higher in long-term interest rates. Retreating from record closing highs last week, the S&P 500 declined by 1.2% this past ...

Columbia Property Trust's (CXP) $19.50/share takeout offer from an investor group appears to be attractive, according to a BMO analyst. CXP gained 11% on the bid news.If financing is in place, it may be difficult for CXP's board to reject the bid, BMO analyst John Kim wrote in ...

No Stockholder Action Required at This Time Columbia Property Trust, Inc. (NYSE: CXP) today confirmed that it has just received this morning an unsolicited, non-binding proposal from Arkhouse Partners LLC (together with its affiliates, “Arkhouse”), AS8888 L...

Makes All-Cash Offer to Acquire Columbia for $19.50 Per Share, Representing a ~29% Premium Over the Company’s Closing Stock Price on Friday, March 12 th and a ~35% Premium over the Company’s 30 Day Volume Weighted Average Price Notes That Group Has Exec...

Columbia Property Trust (CXP) jumped 17% in premarket trading after a report that the company received a non-binding offer from an investor group for $19.50/share.The group, which includes Arkhouse Partners, Sapir Organization and 8F Investment, owns about 3.3% of CXP, according to ...

Board Recommends Shareholders Vote FOR All of Columbia’s Nominees Columbia Property Trust, Inc. (NYSE: CXP) today announced that it has filed its preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with ...

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 tempora...

U.S. equity markets were broadly lower on a choppy week after encouraging coronavirus data and positive vaccine news triggered a "reopening rotation" that sent Treasury yields soaring to mid-pandemic highs. Declining for the second-straight week, the S&P 500 retreated by 2.5%, whi...