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Last $21.85 USD
Change Today -0.03 / -0.14%
Volume 772.9K
CXP On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

columbia property trust inc (CXP) Snapshot

Open
$22.03
Previous Close
$21.88
Day High
$22.24
Day Low
$21.64
52 Week High
03/23/15 - $27.89
52 Week Low
08/24/15 - $19.94
Market Cap
2.7B
Average Volume 10 Days
482.2K
EPS TTM
$0.85
Shares Outstanding
125.1M
EX-Date
08/28/15
P/E TM
25.7x
Dividend
$1.20
Dividend Yield
5.49%
Current Stock Chart for COLUMBIA PROPERTY TRUST INC (CXP)

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columbia property trust inc (CXP) Details

Columbia Property Trust, Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It focuses on investing in and managing high-quality commercial office properties. The firm was formerly known as Wells Real Estate Investment Trust II Inc. Columbia Property Trust, Inc was founded in July 2003 and is based in Atlanta, Georgia.

99 Employees
Last Reported Date: 02/12/15
Founded in 2003

columbia property trust inc (CXP) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $688.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $433.5K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $265.2K
Senior Vice President of Real Estate Transact...
Total Annual Compensation: $280.5K
Compensation as of Fiscal Year 2014.

columbia property trust inc (CXP) Key Developments

Columbia Property Trust, Inc. Declares Third Quarter 2015 Dividend, Payable on September 15, 2015

Columbia Property Trust, Inc. announced that its Board of Directors has declared a regular quarterly cash dividend of $0.30 per share, or $1.20 per share on an annualized basis, for the third quarter of 2015. The dividend will be paid on September 15, 2015, to shareholders of record as of September 1, 2015.

Columbia Property Trust Seeks Acquisitions

Columbia Property Trust, Inc. (NYSE:CXP) is seeking acquisitions. Nelson Mills, President and Chief Executive Officer, said, “We've talked a good deal about being opportunistic on future acquisitions, and we certainly have the balance sheet to do so.” Mills added, “As we said before, there are no remaining must-sell assets in our portfolio, and we can be opportunistic with all future acquisitions and dispositions.”

Columbia Property Trust, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year Ending December 31, 2015

Columbia Property Trust, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, rental income was $112,916,000 against $103,821,000 a year ago. Income before income tax benefit was $8,800,000 against $9,062,000 a year ago. Income from continuing operations was $8,709,000 against $8,711,000 a year ago. Net income was $8,709,000 against $8,021,000 a year ago. Diluted income from continuing operations per-share was $0.07 against $0.07 a year ago. Diluted net income per-share was $0.07 against $0.06 a year ago. FFO was $66,260,000 against $60,493,000 a year ago. Normalized FFO was $66,260,000 against $66,595,000 a year ago. Adjusted FFO was $45,836,000 against $56,034,000 a year ago. FFO per diluted share was $0.53 against $0.48 a year ago. Normalized FFO per diluted share was $0.53 against $0.53 a year ago. Adjusted FFO diluted per share was $0.37 against $0.45 a year ago. For the six months, rental income was $225,725,000 against $204,388,000 a year ago. Income before income tax benefit was $14,202,000 against $12,169,000 a year ago. Income from continuing operations was $14,307,000 against $12,162,000 a year ago. Net income was $14,307,000 against $11,421,000 a year ago. Diluted income from continuing operations per-share was $0.11 against $0.10 a year ago. Diluted net income per-share was $0.11 against $0.09 a year ago. FFO was $129,084,000 against $123,596,000 a year ago. Normalized FFO was $131,556,000 against $129,698,000 a year ago. Adjusted FFO was $92,074,000 against $97,307,000 a year ago. FFO per diluted share was $1.03 against $0.99 a year ago. Normalized FFO per diluted share was $1.05 against $1.04 a year ago. Adjusted FFO diluted per share was $0.74 against $0.78 a year ago. EBITDA was $87,313,000 against $75,822,000 a year ago. Adjusted EBITDA was $87,313,000 against $84,006,000 a year ago. For the full year ending December 31, 2015, the company continues to expect Normalized FFO in a range of $1.85 to $1.91 per diluted share, and Net income available to common stockholders in the range of $0.17 to $0.23 per diluted share. Net income available to common stockholders per share from $0.17 to $0.23, FFO per diluted share from $1.83 to $1.89, normalized FFO per diluted share from $1.85 to $1.91. This guidance excludes the impact of the GAAP treatment of gains or losses on interest rate swaps and assumes no additional acquisitions during the year.

 

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CXP

Industry Average

Valuation CXP Industry Range
Price/Earnings 28.3x
Price/Sales 4.8x
Price/Book 1.0x
Price/Cash Flow 8.8x
TEV/Sales 0.8x
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