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

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

Columbia Property Trust Reports Second Quarter 2016 Results

July 28, 2016 4:06 PM EDT

ATLANTA--(BUSINESS WIRE)-- Columbia Property Trust, Inc. (NYSE: CXP) reported financial results today for the second quarter ended June 30, 2016.

Highlights:

For the second quarter of 2016, our Net Income per diluted share was $0.11 and our Normalized Funds from Operations (NFFO)(1) per diluted share was $0.48. Cash flows from operations were $46.6 million and Adjusted Funds from Operations were $41.0 million. We completed 604,000 square feet of leasing during the second quarter of 2016, including a 390,000-square-foot, 30-year, full-building lease with NYU's Langone Medical Center at 222 East 41st Street in Midtown Manhattan.... More