- 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