ATLANTA--(BUSINESS WIRE)--
Columbia Property Trust, Inc. (NYSE: CXP) today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share, or $0.80 per share on an annualized basis, for the fourth quarter of 2017. The dividend will be paid on Jan. 4, 2018, to shareholders of record as of Dec. 1, 2017.
About Columbia Property Trust
Columbia Property Trust (NYSE:
CXP) owns and operates Class-A office buildings concentrated in
high-barrier-to-entry, gateway markets. Its portfolio includes 19
operating properties containing over nine million square feet, primarily
located in New York, San Francisco, and Washington, D.C. Columbia
carries an investment-grade rating from both Moody’s and Standard &
Poor’s. For more information, please visit www.columbia.reit.
Forward-Looking Statements:
Certain statements
contained in this press release other than historical facts may be
considered forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. We intend for all such forward-looking statements to be
covered by the applicable safe harbor provisions for forward-looking
statements contained in those acts. Such statements include, in
particular, statements about our plans, strategies, anticipated
dividends, 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, which speak
only as of the date of this press release. We make no representations or
warranties (express or implied) about the accuracy of any such
forward-looking statements contained in this press release, 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, 2016, 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.
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