Columbia Property Trust (CXP) Tops Q2 EPS by 4c

Columbia Property Trust (NYSE: CXP) reported Q2 EPS of $0.11, $0.04 better than the analyst estimate of $0.07. Revenue for the quarter came in at $127.93 million versus the consensus estimate of $127.96 million.

"We have continued to increase our leasing momentum in the second quarter, beginning with the 30-year lease with NYU’s Langone Medical Center for all of 222 E. 41st Street in New York followed by a market-defining deal for the top two floors at 315 Park Avenue South and an 89-month extension with Toyota Financial Services at SanTan Corporate Center in Phoenix," said Nelson Mills, President and CEO.

"We have completed one additional disposition since the end of the first quarter and continue to make significant progress toward completing our other targeted property sales in line with our expected pricing range. With our properties in Dallas and Denver being marketed for sale and generating strong interest, and our Phoenix asset now positioned to go to market, we expect to have a portfolio deriving more than 70% of its revenues from high-barrier markets in the very near future."

For earnings history and earnings-related data on Columbia Property Trust (CXP) click here.

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• Community West Bancshares (CWBC) Tops Q1 EPS by 7c
• United Bancshares, Inc. (UBOH) Reports Q1 EPS of $0.61