Columbia Property Trust Declares Second Quarter Dividend

Rhea-AI Summary

Columbia Property Trust has announced a quarterly cash dividend of $0.21 per share for the second quarter of 2021, translating to $0.84 annually. This dividend will be disbursed on June 15, 2021, to shareholders recorded by June 1, 2021. Columbia manages a high-quality portfolio of 15 properties exceeding 6 million rentable square feet and has four properties under development. The company boasts investment-grade ratings from both Moody’s and S&P Global Ratings.

Positive

• Quarterly cash dividend of $0.21 per share, reinforcing income for shareholders.
• Solid annualized dividend rate of $0.84 per share demonstrates company confidence.
• Investment-grade ratings from Moody’s and S&P enhance credibility and market position.

Negative

• None.

Columbia Property Trust, Inc. (NYSE: CXP) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.21 per share, or $0.84 per share on an annualized basis, for the second quarter of 2021. The dividend will be paid on June 15, 2021, to shareholders of record as of June 1, 2021.

About Columbia Property Trust
Columbia Property Trust (NYSE: CXP) creates storied properties for legendary companies in New York, San Francisco, Washington D.C., and Boston. The Columbia team is deeply experienced in transactions, asset management and repositioning, leasing, development, and property management. It employs these competencies to grow value across its high-quality, well-leased office portfolio of 15 properties that contain more than six million rentable square feet, as well as four properties under development, and also has more than eight million square feet under management for private investors and third parties. Columbia has investment-grade ratings from both Moody’s and S&P Global Ratings. 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, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. Our actual results may differ materially from projections. 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, see Columbia Property Trust’s filings with the Securities and Exchange Commission, including the most recent annual report on Form 10-K. We caution readers not to place undue reliance on these forward-looking statements, which 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210511006208/en/

FAQ

What is the latest dividend declaration for CXP?

Columbia Property Trust declared a dividend of $0.21 per share for Q2 2021.

When will the dividend for CXP be paid?

The dividend will be paid on June 15, 2021.

What is the annualized dividend amount for CXP?

The annualized dividend amount for CXP is $0.84 per share.

Who will receive the dividend for CXP?

Shareholders of record as of June 1, 2021, will receive the dividend.