Form 8-K COLUMBIA PROPERTY TRUST, For: Oct 30

1 ��November 2014 ��Company Presentation ����

�

2 ��Forward Looking Statements ��Certain statements contained in this presentation other than historical facts may be considered forward-looking statements. Such ��statements include, in particular, statements about our plans, strategies, and prospects, 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. We make no representations or warranties (express or implied) about the accuracy of any such forward-looking ��statements contained in this presentation, 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, 2013, 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. For additional information, including reconciliations of any non-GAAP financial measures found herein, please ��reference the supplemental report furnished by the Company on a Current Report on Form 8-K filed on October 30, 2014. ��The names, logos and related product and service names, design marks, and slogans are the trademarks or service marks of their ��respective companies. �� ����

�

3 ��Columbia Property Trust �� Unless otherwise noted, all data herein is as of 9/30/14, pro forma for the disposition of Lenox Park, which closed on 10/3/14 for $290M. ��43% ��Suburban ��57% ��CBD ��31% ��Single- ��Tenant 69% ��Multi-�� Tenant ��High-Quality Office Portfolio ��Value-Creation Strategy ��to Support Growth ��Strong Balance Sheet Established Company, ��Well Positioned to Compete ��15 ��Markets ����

�

4 ��Company Highlights ��" $5B premier portfolio ��" 93.1% leased with strong tenancy ��" Stable cash flows �� Unless otherwise noted, all data herein is as of 9/30/14, pro forma for the disposition of Lenox Park, which closed on 10/3/14 for $290M. ��High-Quality Office Portfolio ��" Market concentration  15 MSAs ��" Primary market / CBD focus ��" Effective leasing ��Value-Creation Strategy ��to Support Growth ��" 32.4% debt to real estate assets ��" $650M+ of immediate liquidity ��" Investment grade-rated, with ��demonstrated flexibility ��Strong Balance Sheet ��" Focused strategy, proven operations ��" Regional management teams ��Established Company, ��Well Positioned to Compete ����

�

5 ��Operational Metrics Columbia Property Trust Select Publicly Traded Office Average1 ��Gross Real Estate Assets $5.2B $7.6B ��Total Office Square Feet 15.4M 22.3M ��Office2 98% 81% ��Leased3 93.1% 91.5% ��Lease Expirations (of total ALR) ��2015 / 2016 / 20174 8% / 14% / 14% 11% / 12% / 15% ��Financial Metrics Columbia Property Trust Select Publicly Traded Office Average1 ��Leverage5 32.4% 42.2% ��Net Debt / Adjusted EBITDA6 4.88x 6.55x ��Fixed Charge Coverage 4.24x 2.69x ��Debt Maturities (of total debt) 7 ��2015 / 2016 / 2017 12% / 2% / 15% 3% / 11% / 13% ��Credit Rating (Moodys / S&P) Baa3 / BBB- Baa2 / BBB ��Meaningful Size, Strong Occupancy, and Manageable Lease Maturities ��Low Leverage, Strong Credit Metrics, and Investment-Grade Rating �� All CXP data is as of 9/30/14, pro forma for the disposition of Lenox Park, which closed on 10/3/14 for $290M. 1 Sourced from most recently available ��selected public company filings; companies included in analysis are BDN, BXP, DEI, DRE, GOV, HIW, KRC, LRY, OFC, PDM, PKY, SLG. 2 Based on ��square feet. 3 Office portfolio only; for CXP, excludes Cleveland Marriott at Key Center; for the selected publicly traded companies, may be based on either ��leased or occupied percentages, as filed. 4 ALR = Annualized Lease Revenue. 5 Total Debt / Gross Real Estate Assets. 6 See slide 13 for a definition of Net ��Debt and Adjusted EBITDA. 7Includes two optional one-year extensions on Unsecured Term Loan. See slide 13 for additional information. ��Competitive Positioning ����

�

6 ��All data herein is as of 9/30/14, pro forma for the disposition of Lenox Park, which closed on 10/3/14 for $290M. 1 Excludes Cleveland Marriott at Key Center. ��2 Based on annualized 3Q 2014 Net Operating Income pro forma for the disposition of Lenox Park. 3 Based on square feet. ��8% ��14% 14% ��8% ��3% ��13% ��8% ��7% ��3% ��1% ��21% ��2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+�� Total ALR Expiring by Year ��Avg. Lease Expiration (through 2024): ��7.9% per year ��Manageable Lease Expirations ��Portfolio Statistics 9/30/2014 ��Total Properties / Buildings 36 / 52 ��Total Square Feet1 15.4M ��Leased1 93.1% ��Net Rent per Square Foot2 $21.53 ��Office3 98% ��CBD / Suburban1 57% / 43% ��ALR from Top 10 Markets 88% ��Top 10 Markets by Annualized Lease Revenue ��Portfolio Quality ��20% ��12% ��10% ��8% 8% 7% 7% 6% 6% ��4% ��San�� Francisco�� D.C. N. New�� Jersey�� Atlanta Houston Cleveland Chicago Baltimore New York Boston�� A�� ve�� ra�� ge�� ����

�

7 ��18% ��15% ��9% ��8% 7% ��6% ��6% ��5% ��3% ��3% ��20% Services - Legal Services�� FIRE - Depository Institutions�� Services - Business Services�� Trans & Util - Electric, Gas, And Sanitary Services�� FIRE - Security And Commodity Brokers�� Services - Engineering & Management Services�� Trans & Util - Communication�� Manf. - Industrial Machinery And Equipment�� Manf. - Transportation Equipment�� Const. - Heavy Construction Ex. Building�� All Other�� 0.0%�� 2.0%�� 4.0%�� 6.0%�� 8.0%�� Jones Day AT&T IBM Pershing T. Rowe�� Price�� Foster�� Wheeler�� Fulbright &�� Jaworski�� Northrop�� Grumman�� Shearman &�� Sterling�� OfficeMax�� AMLaw ��100 ��NR ��Lease & Tenant Profiles ��All data above based on Annualized Lease Revenue for office properties only (excludes Cleveland Marriott at Key Center). 1 Based on rated tenants. All CXP ��data is as of 9/30/14, pro forma for the disposition of Lenox Park, which closed on 10/3/14 for $290M. ��A- ��AA- ��BBB+ AA- ��A+ BBB ��NR ��A- ��BBB- ��BBB- ��AMLaw ��100 B- ��NR ��BBB+ ��Average Tenant Credit Rating1: A- ��B- ��Strong Industry Diversification ��Diversification and Credit Rating of Top 20 Tenants ��Wells Fargo PSE&G KeyBank Westinghouse CH2M Hill Alcatel-Lucent ��Newell ��Rubbermaid DLA Piper Acxiom May & Speh ��Edison ��Electric ��AMLaw ��100 BB ��AMLaw ��100 ����

�

8 ��Value Creation & Growth Strategy ��Capital Profile Primed ��for Growth ��" Find, and execute on, core-plus and value-add investments ��" Target competitive, top-tier assets (CBD and multi-tenant focus) ��" Focus on select primary markets with strong fundamentals and liquidity ��Accretive New ��Investments ��" Develop regional leadership teams with competitive skills, market ��expertise and strategic relationships ��" Acquire, and execute on, value creation opportunities ��Build Best-in Class Team ��and Platform ��" Enhance regional investment and asset management platforms ��" Strengthen communication and relationships with key tenants ��" Execute strategic and creative leasing that furthers long-term goals ��Proactive ��Asset Management ��" Low leverage, competitive cost of capital, and manageable debt ��maturities ��" Strong liquidity profile and proven access to diversified capital sources ��Market Concentration " Reduce exposure to higher-risk and single tenant assets ��" Build critical mass, effective teams, and reputation in key markets ����

�

9 ��45% ��Single- ��Tenant ��55% ��Multi-�� Tenant ��62% ��Suburban ��38% ��CBD ��Portfolio Enhancement �� Q�� 4 �� 2�� 01�� 1 ��43% ��Suburban ��57% ��CBD ��31% ��Single- ��Tenant 69% ��Multi-�� Tenant ��Q�� 3 �� 2�� 01�� 41�� ��All data above based on Annualized Lease Revenue. 1 All data is as of 9/30/14 pro forma for the disposition of Lenox Park, which closed ��on 10/3/14 for $290M. ����

�

10 ��Strategic Investments ��Year Acquired 2014 ��Total SF 388K ��Leased 87.6% ��ALR PSF $45.94 ��Year Built 1974 ��Acquisitions ��Year Acquired 2014 ��Total SF 478K ��Leased 88.3% ��ALR PSF $47.59 ��Year Built 1964 ��San Francisco San Francisco ��221 Main Street 650 California Street ��Since 2011, we have sold over $1.3B of non-core assets and invested approximately $1.6B of ��capital into Class-A real estate in target markets. ��Year Acquired 2012 ��Total SF 657K ��Leased 100% ��ALR PSF $36.65 ��Year Built 1979 ��San Francisco ��333 Market Street ��Year Acquired 2011 ��Total SF 684K ��Leased 90.6% ��ALR PSF $76.77 ��Year Built 1990 ��Washington, DC ��Market Square ����

�

11 ��Proactive Asset Management �� ��University Circle ��Over 34% of leases ��expiring between 2011 ��and 2013 ��Capitalize ��on ��Market Demand ��Situation Action Taken / Result �� ��Key Center and ��100 East Pratt ��Strategic early lease ��renewals ��Opportunistically ��Manage ��Expirations �� ��221 Main ��New and renewal ��leases exceed ��underwriting ��Recent Acquisition ��Lease Roll-ups ��" Remodeled vacant space to demonstrate opportunity ��for tech/creative build-out and reposition the property ��for a more diverse tenant roster ��" As of 9/30/14, had successfully re-leased the property ��back up to 99% ��" Nearly all renewals and/or extensions were rate roll-ups, ��with an average cash increase of more than 20% ��from prior rents ��" With Key Bank at Key Center, negotiated retention of 478K ��SF (71% of prior lease) and extension to 2030 (from 2017) ��- Leased 116K SF of Key Banks give-back space to ��BakerHostetler, from 2016 to 2031 ��" With T. Rowe Price at 100 East Pratt, renewed 100% of ��prior space (425K SF) and extended from 2017 to 2027 ��" Executed new lease with Prosper Marketplace for 48K SF ��through 2023 ��" Renewed Bright Horizons (onsite daycare) for 14K SF ��through 2020 ��" As of 9/30/14, property leased up to 88%, with proposals out ��on the remaining vacancies ����

�

12 ��Leasing Activity ��2011 2012 2013 2014 YTD3 �� New Leases 614,826 887,197 587,127 225,167 �� Renewal Leases 1,837,017 1,941,302 1,187,125 551,190 �� Total Leases 2,451,843 2,828,499 1,774,252 776,357 �� Average Lease Term1 6.5 Years 9.8 Years 10.2 Years 11.9 Years �� Average Tenant Credit Rating1,2 BBB+ A- BBB+ A- ��Proactive Management of Upcoming Expirations ��1 Based on Annualized Lease Revenue. 2 Based on rated tenants. 3 As of 9/30/2014. ��New Tenants & Expansion Tenants �� ��7.8M SF of leasing activity since January 2011 �� ��" Market Square �� Planning substantial renovation of the building entrances, ��lobbies, elevators, fitness center and common areas, with ��completion targeted for Fall 2015 �� JLL has been hired to lead the re-leasing efforts ��" 221 East 41st Street �� Hired team from CBRE to lead re-leasing efforts with the ��buildings formal reintroduction scheduled for Jan. 2015 �� Planning a modest update to the lobby and common areas, ��as well as evaluating an amenity floor for multi-tenant use ����

�

13 ��Capital Profile ��207.0 39.0 ��248.0 ��32.7 ��130.0 ��325.0 ��450.0 ��249.1 ��0.0�� 100.0�� 200.0�� 300.0�� 400.0�� 500.0�� 600.0�� 2015 2016 2017 2018 2019 2020 2021 2022 2023�� Mortgage Debt ($M) Line of Credit ($M) Unsecured Term Loan ($M) Bonds ($M)�� Unsecured Term Loan ��has two optional ��one-year extensions ��" Baa3/BBB- rating; positive/stable outlook ��" 32.4% Debt to Gross Real Estate Assets ��" 4.88x Net Debt1 to Adjusted EBITDA2 ��" 4.24x Fixed-Charge Coverage Ratio ��" Large unencumbered asset pool of $3.2 billion ��(62% of total portfolio)3 ��Mortgage Debt ��Bonds ��Unsecured Term ��Loan ��Line of Credit4 �� ��Zero balance as of 10/04/14 ��58% ��27% ��15% ��Conservative Leverage Diversified Debt Capital Sources ��Attractive Debt Maturities �� As of 9/30/2014, pro forma for the disposition of Lenox Park and the subsequent repayment of our Line of Credit 1 Net debt is calculated as the total principal amount of debt ��outstanding minus cash and cash equivalents and discounts on bonds payable. 2 Pro forma Q3 2014 EBTIDA of $68.7M adjusted for (i) shelf registration costs of $0.3M and (ii) ��real estate acquisition-related costs of $8.0M. 3 Based on Gross Real Estate Assets. 4 Floating rate at LIBOR + 130bps. ��4.75% ��2.55% ��Avg. Interest Rate ��4.88% ��5.87% ��5.07% ��5.88% ��4.82% ��2.27% ��Weighted Average Cost of Debt: 4.30% ��3.60% ����

�

14 ��Senior Management Team ��Kevin Hoover ��SVP  REAL ESTATE TRANSACTIONS ��" 27 years of real estate experience ��" Joined Columbia Property Trust in 2004 ��Brian Berry ��SVP  EASTERN REGION ��" 25 years in commercial real estate ��" Joined Columbia Property Trust in 2014 ��Governance Overview: �� ��" Eight (of nine) board members are independent ��" Independent Chairman ��" Non-staggered board ��" SEC-reporting company since 2003 ��" Opted out of Maryland anti-takeover provisions ��" Internalized management in 2013, for no fee ��Nelson Mills ��PRESIDENT AND CHIEF EXECUTIVE OFFICER ��" 25 years in real estate and investment ��management ��" Appointed CEO in 2010 ��Jim Fleming ��EXECUTIVE VICE PRESIDENT ��AND CHIEF FINANCIAL OFFICER ��" 25 years in real estate and investment ��management ��" Joined Columbia Property Trust in 2013 ��Wendy Gill ��SVP  CORP. OPERATIONS, CHIEF ACCOUNTING OFFICER ��" 18 years of accounting and finance experience ��" Joined Columbia Property Trust in 2003 ��David Dowdney ��SVP  WESTERN REGION ��" 19 years of real estate experience ��" Joined Columbia Property Trust in 2014 ��Drew Cunningham ��SVP  REAL ESTATE OPERATIONS ��" 29 years in real estate and portfolio operations ��" Joined Columbia Property Trust in 2012 ����

�

15 ��Building Momentum ��July 2003 ��Founded as Wells ��Real Estate ��Investment Trust II ��May 2010 ��Earned investment- ��grade credit ratings ��from S&P ��and Moody's ��2003 - 2010 ��Raised and invested ��over $5B in three ��public offerings ��July 2010 ��Nelson Mills ��named President ��March 2011 ��Acquired ��Market Square in ��Washington, D.C., ��for $603M ��April 2011 ��Became first ��nontraded REIT to ��issue bonds in the ��investment-grade ��public corporate ��bond market ��February 2013 ��Internalized management ��for no fee ��2011 ��August 2013 ��Jim Fleming named CFO; ��Murray McCabe and Tom ��Wattles join Board ��November 2013 ��Sold 18-property portfolio ��for $522M, reducing ��markets from 25 to 16 ��October 2013 ��Listed shares on NYSE ��2003 - ��2010 ��2012 2013 ��December 2012 ��Acquired ��333 Market in ��San Francisco for ��$395M ��April 2014 ��Acquired 221 Main Street ��in San Francisco for $229M ��December 2012 ��Sold nine-property ��portfolio for $261M, ��reducing markets ��from 30 to 26 ��2014 ��Summer 2014 ��" Brian Berry, Dave ��Dowdney appointed as ��regional SVPs ��" Sold four noncore assets, ��reducing markets to 15 �� ��Fall 2014 ��Acquired 650 ��California in ��San Francisco ��for $310M, ��and sold Lenox ��Park in Atlanta ��for $290M ����

�

16 ��For more information: ��Columbia Property Trust ��Investor Relations �� ��t 800.899.8411 ��e IR @ columbiapropertytrust.com ��0069-CXPPRES1410 ����

�