Columbia Property Trust, Inc. (NYSE:CXP) Files An 8-K Other EventsItem 8.01Other Events.
On August 4, 2017, Columbia Property Trust, Inc.'s Board of Directors authorized a new program for the repurchase, from time to time, of up to an aggregate of $200.0 million in shares of common stock, par value $0.01 per share (“Common Stock”) over a two-year period ending September 4, 2019 (the “2017 Stock Repurchase Program”). The Company expects to acquire shares primarily through open market transactions, subject to market conditions and other factors and may enter into Rule 10b5-1 plans to facilitate open market repurchases. The 2017 Stock Repurchase Program will expire on September 4, 2019, unless otherwise extended. The Company's current stock repurchase program will expire on September 4, 2017.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press Release dated August 8, 2017 |
COLUMBIA PROPERTY TRUST, INC. ExhibitEX-99.1 2 ex99120170808pressrelease.htm PRESS RELEASE Exhibit EXHIBIT 99.1 Columbia Property Trust Announces New $200 Million Share Repurchase ProgramATLANTA (Aug. 8,…To view the full exhibit click here
About Columbia Property Trust, Inc. (NYSE:CXP)
Columbia Property Trust, Inc. operates as a real estate investment trust (REIT) for federal income tax purposes. The Company conducts business through Columbia Property Trust Operating Partnership, L.P. (Columbia Property Trust OP), which acquires, develops, owns, leases and operates real properties through subsidiaries or through joint ventures. The Company owns and operates commercial real estate properties. The Company invests in office properties. The Company owns over 30 office properties and approximately one hotel, which contains approximately 13.3 million square feet of commercial space, located in over 10 states and the District of Columbia. The Company’s portfolio consists of a combination of multi- and single-tenant office properties located in Central Business District (CBD) and suburban areas.
