Columbia property trust, inc. (CXP)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues:
Lease revenues

68,007

65,723

68,963

69,601

71,862

-

69,737

71,409

-

87,261

55,015

67,121

71,173

-

87,561

93,567

99,586

103,312

107,011

112,916

112,809

105,215

104,938

103,821

100,567

100,639

101,859

103,103

101,306

54,398

107,355

109,857

110,186

24,804

120,105

121,113

113,619

112,515

111,135

Revenues

76,254

68,725

71,949

72,730

75,433

75,523

73,340

75,370

73,710

71,625

60,362

74,857

82,156

105,768

113,266

127,930

126,579

132,679

137,719

148,124

147,543

137,891

136,981

136,757

129,168

133,387

132,502

131,897

128,792

67,252

144,708

140,971

141,340

38,890

157,144

152,894

143,959

144,580

140,089

Expenses:
Property operating costs

22,697

23,050

23,147

22,586

24,492

22,301

21,000

22,450

23,062

23,302

18,567

21,831

24,105

34,289

39,101

40,242

41,336

43,703

46,538

48,083

49,754

44,766

41,144

38,832

38,980

40,123

39,783

37,069

37,584

21,571

44,370

40,023

41,238

11,898

44,790

44,116

41,688

42,568

41,115

Depreciation

18,330

18,780

19,773

19,335

20,404

20,401

19,878

20,681

20,835

19,865

18,501

20,423

21,605

24,026

26,778

28,450

29,289

31,229

32,441

33,813

34,007

30,313

29,980

30,169

27,304

27,285

27,155

26,955

26,710

14,675

28,156

27,982

27,885

8,089

30,094

30,099

27,442

26,145

25,018

Amortization

6,721

5,856

7,485

7,106

7,461

7,995

7,920

8,623

8,016

7,885

6,870

8,191

9,457

13,873

11,895

14,932

16,075

19,895

20,276

23,738

23,219

20,625

19,476

20,221

18,521

19,121

19,705

19,982

19,902

10,565

23,423

26,751

25,719

6,079

29,355

31,302

30,166

28,452

29,094

Asset and property management fees:
Related-party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,693

3,500

8,381

8,671

8,820

2,111

9,463

9,279

8,760

8,532

8,420

Impairment loss on real estate assets

-

-

23,364

0

-

-

0

30,812

-

-

0

0

-

-

-

-

-

-

-

-

-

10,148

0

1,432

13,550

0

0

0

0

0

0

0

0

-

0

-

-

-

-

General and administrative – corporate

11,782

9,072

7,103

8,180

8,424

8,600

8,303

8,282

7,794

9,963

7,034

9,201

8,768

8,158

7,467

7,761

10,490

7,762

6,797

7,080

8,044

8,081

7,836

8,412

6,946

8,210

7,880

8,957

36,819

6,340

6,789

6,614

4,870

1,861

6,107

6,435

6,614

6,025

6,355

Management fee expense

6,945

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative – joint ventures

0

1,081

839

838

809

895

746

736

731

741

713

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Listing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

756

-

-

-

0

-

-

-

-

-

-

-

-

Acquisition costs (Note 3)

12,081

-

2,437

-

0

-

0

-

-

-

-

-

-

-

-

-

-

0

1,680

0

1,995

44

7,996

6,102

0

-

0

0

-

-

-

-

-

-10

29

1,194

10,026

2,081

4,278

Costs and expenses

78,556

82,740

84,250

58,209

61,590

60,427

58,053

91,789

60,646

61,961

51,873

59,915

66,280

85,074

90,574

96,764

101,851

107,579

113,535

118,364

122,007

119,512

112,153

110,532

109,731

102,898

100,211

98,313

130,582

63,241

116,743

115,688

113,330

34,017

125,528

127,409

129,612

119,313

119,799

Real estate operating income (loss)

-

-

-

-

-

-

-

-

-

-

8,489

14,942

15,876

20,694

22,692

31,166

24,728

25,100

24,184

29,760

25,536

18,379

24,828

26,225

19,437

30,489

32,291

33,584

-1,790

4,011

27,965

25,283

28,010

4,873

31,616

25,485

14,347

25,267

20,290

Other Income (Expense):
Interest expense

9,555

9,889

10,289

10,897

12,095

13,239

13,051

14,314

15,895

16,208

14,731

14,462

15,115

15,194

17,138

17,380

17,897

19,035

22,012

22,765

21,484

19,668

19,273

18,860

17,910

23,191

26,567

26,049

26,134

22,330

26,749

26,526

26,281

20,309

28,660

30,665

22,165

21,632

22,663

Other Nonoperating Income (Expense)

-158

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,102

-2

-6

-8

-28

-105

-230

-144

-419

164

57

-1,107

-29

-13

-76

-16,164

-14,774

-7,534

89

-9,885

-14,323

Gain (loss) on extinguishment of debt

-

-

0

0

-

-

0

23,713

-

0

-280

0

-45

-

-18,905

-92

0

-

-2,672

0

-477

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other income

-

-

0

0

-

1,474

1,803

1,814

1,803

1,861

2,841

2,477

2,350

1,836

1,839

1,808

1,805

1,806

1,808

1,807

1,833

1,860

1,803

1,802

1,810

6,680

9,125

9,113

9,111

9,817

10,011

10,012

10,016

10,012

10,315

10,013

12,055

11,901

10,082

Gain on sale of unconsolidated joint venture interests

-

-

0

0

-

0

0

0

762

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) before income taxes, unconsolidated joint ventures, and sales of real estate

-

-

-

-

-

-

-

-

-

-

-3,681

2,957

3,066

7,336

-11,512

15,502

8,636

7,871

206

8,800

5,402

540

7,330

9,062

3,107

13,834

14,430

16,812

-18,756

-9,609

11,198

8,756

11,669

31,430

-1,503

-2,701

4,326

5,651

-6,614

Income tax benefit (expense)

-2,243

3

2

9

7

21

3

6

7

165

3

7

-388

58

65

245

77

238

245

91

-196

246

409

351

-344

-146

424

323

-101

19

252

398

-97

-53

62

-168

-231

111

20

Income from unconsolidated joint ventures

2,656

1,825

2,194

2,214

1,771

2,066

2,393

1,773

1,771

3,500

2,853

-1,817

-1,885

-2,120

-1,937

-1,952

-1,552

-1,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before gains on sales of real estate assets

-

-

-

-

-

-

-

-

-

-

-831

1,133

1,569

5,158

-13,514

13,305

7,007

6,491

-39

8,709

5,598

-

6,921

-

-

-

14,006

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of real estate assets

13,344

0

112

41,918

0

-

0

0

-

0

102,365

0

73,153

22,242

50,412

-19

-310

3,678

20,182

0

0

-

18,607

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Nonoperating income (expense)

8,530

-7,895

-7,985

33,226

-10,330

-10,093

-8,858

12,980

-11,566

164,035

-12,170

-11,985

-12,810

-13,358

-34,204

-15,664

-16,092

-17,229

-23,978

-20,960

-20,134

-17,839

-17,498

-17,163

-16,330

-16,655

-17,861

-16,772

-16,966

-13,620

-16,767

-16,527

-16,341

26,557

-33,119

-28,186

-10,021

-19,616

-26,904

Income from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,962

25,528

8,711

3,451

13,980

14,006

16,489

-18,655

-9,628

10,946

8,358

11,766

31,483

-1,565

-2,533

4,557

5,540

-6,634

Operating loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-87

-540

-40

277

-2,264

-9,206

4,112

-13,967

18,311

-16,805

2,494

2,484

22,130

-6,851

-1,945

-2,142

-689

-230

Loss on disposition of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-649

0

-650

-328

1,211

0

0

10,014

3,170

0

62

16,885

0

13,522

0

0

-130

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-736

-540

-690

-51

-1,053

-9,206

4,112

-3,953

21,481

-16,805

2,556

19,369

22,130

6,671

-1,945

-2,142

-819

-230

Net income

6,228

-

-

-

3,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,853

-5,859

10,914

31,135

53,613

5,106

-4,478

2,415

4,721

-6,864

Less: net (income) loss attributable to noncontrolling interest in Columbia Operating Partnership

71

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4

2

4

4

4

19

23

Less: net (income) loss attributable to noncontrolling interest in consolidated joint venture

-133

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent, Total

6,290

-21,777

-20,286

47,747

3,513

5,003

6,429

-3,439

1,498

-1,348

101,534

1,133

74,722

27,400

36,898

13,286

6,697

10,169

20,143

8,709

5,598

56,226

24,988

8,021

3,400

12,927

4,800

20,601

-22,608

11,853

-5,859

10,914

31,131

53,611

5,102

-4,482

2,411

4,702

-6,887

Per-Share Information – Basic:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.04

0.08

0.02

0.02

0.24

0.00

0.00

0.00

0.01

-0.01

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

-0.12

0.00

0.04

0.17

0.01

0.00

0.00

0.00

0.00

Income from continuing operations - basic (dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.20

0.07

0.03

-

0.10

0.12

-0.14

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations - basic (dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-0.01

0.00

-

-0.07

0.03

-0.03

-

-

-

-

-

-

-

-

-

-

Net income attributable to the common stockholders of Columbia Property Trust, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.04

0.02

0.06

0.42

0.01

-0.01

0.00

0.01

-0.01

Weighted-average common shares outstanding  basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

541,012

536,582

518,715

Net income (dollars per share)

0.05

-0.19

-0.17

0.41

0.03

0.05

0.05

-0.03

0.01

-0.01

0.84

0.01

0.61

0.22

0.30

0.11

0.05

0.09

0.16

0.07

0.04

0.45

0.20

0.06

0.03

0.10

0.04

0.15

-0.17

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstanding - basic (in shares)

114,471

115,551

116,522

116,509

116,462

116,826

117,609

118,035

119,082

119,350

120,293

121,534

122,003

122,706

123,215

123,206

123,393

124,841

124,359

124,925

124,903

124,866

124,863

124,860

124,851

129,335

134,668

135,816

136,521

-681,787

136,741

546,134

545,600

-

543,288

542,182

-

-

-

Per-Share Information – Diluted:
Income from continuing operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.46

0.20

0.07

0.03

0.11

0.10

0.12

-0.14

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

0.00

-0.01

0.00

-0.01

-0.07

0.03

-0.03

-

-

-

-

-

-

-

-

-

-

Net income (dollars per share)

0.05

-0.19

-0.17

0.41

0.03

0.05

0.05

-0.03

0.01

-0.01

0.84

0.01

0.61

0.22

0.30

0.11

0.05

0.09

0.16

0.07

0.04

0.45

0.20

0.06

0.03

0.10

0.04

0.15

-0.17

-

-

-

-

-

-

-

-

-

-

Weighted-average common shares outstanding - diluted (in shares)

114,486

115,308

116,821

116,823

116,880

117,225

118,207

118,462

119,350

119,869

120,529

121,909

122,329

122,856

123,350

123,294

123,412

124,976

124,460

125,017

124,935

124,928

124,938

124,919

124,887

129,335

134,668

135,816

136,521

-

-

-

-

-

-

-

-

-

-

Dividends per share (dollars per share)

-

-

-

-

-

-

-

-

-

-

0.20

0.20

0.20

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.30

0.30

0.30

-

0.38

0.38

0.38

-

0.50

0.12

-

-

-

-

-

-

-

Rental income and tenant reimbursements
Revenues

-

-

-

-

-

-

-

-

70,360

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tenant reimbursements
Revenues

-

-

-

-

-

-

-

-

-

-

3,053

6,972

8,584

-

17,090

18,708

19,753

22,260

22,627

26,519

28,249

24,847

23,861

22,934

23,733

24,292

23,073

21,266

22,244

12,547

26,582

24,193

25,080

9,576

27,023

24,565

25,907

26,079

23,241

Hotel income/operating costs
Revenue

-

-

-

-

-

-

-

-

-

0

0

0

1,339

5,177

6,270

6,551

4,663

5,411

6,941

6,964

4,993

5,587

6,732

6,505

4,061

5,452

6,788

6,562

4,954

5,522

6,689

6,463

4,375

4,962

6,272

5,216

4,150

5,501

5,357

Cost of goods and services sold

-

-

-

-

-

-

-

-

-

4

0

9

2,076

4,371

4,946

5,038

4,331

4,546

5,331

5,147

4,591

4,923

5,039

4,689

4,141

4,566

4,693

4,820

4,261

4,356

4,913

4,996

4,097

4,112

5,001

4,269

4,012

4,499

4,515

Management fee revenues
Other property income

8,240

1,863

1,914

1,898

1,869

1,982

1,825

1,818

1,759

1,656

1,154

498

474

-

511

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other property income
Other property income

7

1,139

1,072

1,231

1,702

1,795

1,778

2,143

1,591

1,317

1,140

266

586

-711

1,834

9,104

2,577

1,091

1,140

1,725

1,492

2,242

1,450

3,497

807

3,004

782

966

288

-5,215

4,082

458

1,699

-452

3,744

2,000

283

485

356

Asset and property management fee income/expenses
Cost of goods and services sold

-

-

102

164

-

235

206

205

208

201

188

260

269

357

387

341

330

444

472

503

397

612

682

675

289

289

239

530

613

358

711

651

701

-123

689

715

904

1,011

1,004