Columbia Property Trust (CXP) Raises Quarterly Dividend 5% to $0.21, 4.1% Yield; Announces Prelim. FY20 Plans

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Go back to Columbia Property Trust (CXP) Raises Quarterly Dividend 5% to $0.21, 4.1% Yield; Announces Prelim. FY20 Plans

Columbia Property Trust Announces Key Transactions, Provides Preliminary 2020 Guidance, and Raises Dividend

December 3, 2019 4:15 PM EST

Under contract to acquire 201 California Street in San Francisco and closed on acquisition of 250 Church Street in Manhattan Proceeding with dispositions in Pittsburgh and Los Angeles Initial 2020 guidance reflects continuing same-store Net Operating Income (NOI) growth, Normandy acquisition, and planned property acquisitions and dispositions Raises dividend five percent, to annualized rate of $0.84 per share

NEW YORK--(BUSINESS... More