Columbia Property Trust (CXP) Misses Q4 EPS by 16c

Columbia Property Trust (NYSE: CXP) reported Q4 EPS of ($0.19), $0.16 worse than the analyst estimate of ($0.03).

• For the fourth quarter of 2019, net loss per diluted share was $(0.19) (page 9), Normalized FFO (NFFO)(1) per diluted share was $0.34 (page 11), cash flows from operations were $33.4 million (page 30), Adjusted FFO (AFFO)(1) was $2.6 million (page 11), and same store net operating income (based on cash rents) increased 3.8% (page 12).
• For 2019, net income per diluted share was $0.08 (page 9), Normalized FFO (NFFO)(1) per diluted share was $1.50 (page 11), cash flows from operations were $137.4 million (page 30), Adjusted FFO (AFFO)(1) was $104.3 million (page 11), and same store net operating income (based on cash rents) increased 7.6% (page 13).
• We are updating 2020 guidance for net income in a range of $0.28 to $0.31 per diluted share, and for NFFO in a range of $1.46 to $1.51. See page 6 for more information regarding our guidance.

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

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Star Equity Holdings (STRR) Misses Q2 EPS by 8c
• Silexion Therapeutics (SLXN) Tops Q2 EPS by 793c