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Press Release

Columbia Property Trust Releases Fourth Quarter and Full Year 2017 Results and Provides 2018 Guidance

Company Release - 2/15/2018 4:10 PM ET

NEW YORK--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE: CXP) has released its quarterly update and financial results for the quarterly and annual periods ending December 31, 2017, by posting its 2017 Form 10-K and Fourth Quarter 2017 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, as well as the Company’s guidance for 2018 on page six, and enumerates the following key points:

  • 2017 FFO per share at top of guidance range
  • 2018 guidance includes substantial FFO and NOI growth
  • Portfolio 96% leased
  • 83% of portfolio in coastal gateway markets

Direct link to the Supplemental Information Package:
http://ir.columbia.reit/file/4088372/Index?KeyFile=1500107704

To access the Form 10-K, 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/cxp180215.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 February 22, 2018, by dialing (877) 344-7529 (passcode: 10115376).

About Columbia Property Trust

Columbia Property Trust (NYSE: CXP) owns and operates Class-A office buildings concentrated in New York, San Francisco, and Washington, D.C. Its portfolio includes 19 operating properties with over nine million square feet, as well as one property under redevelopment. Columbia carries an investment-grade rating from both Moody’s and Standard & Poor’s. For more information, please visit www.columbia.reit.

Forward-Looking Statements:

Certain statements contained in this press release other than historical facts may be considered 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. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such statements include, in particular, statements about our share repurchase program and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We make no representations or warranties (express or implied) about the accuracy of any such forward-looking statements contained in this press release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Any such forward-looking statements are subject to risks, uncertainties, and other factors and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual conditions, our ability to accurately anticipate results expressed in such forward-looking statements, including our ability to generate positive cash flow from operations, make distributions to stockholders, and maintain the value of our real estate properties, may be significantly hindered. 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. The risk factors described in our Annual Report are not the only ones we face, but do represent those risks and uncertainties that we believe are material to us. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also harm our business.

Columbia Property Trust, Inc.
Matt Stover, 404-465-2227
IR@columbia.reit

Source: Columbia Property Trust, Inc.

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