Columbia Property Trust Releases First Quarter 2019 Results and Raises 2019 Guidance

Columbia
Property Trust, Inc. (NYSE: CXP) has released its quarterly update
and financial results for period ending March 31, 2019, by posting its
First Quarter Form 10-Q and Supplemental Information package to the
Investor Relations section of its website.

Full results and additional information on the recent highlights
summarized below can be found in the Supplemental Information package:

• Raised 2019 guidance ranges for net income per share and Normalized
  FFO per share;
• Portfolio 97.1 percent leased, with 83,000 square feet leased during
  the quarter at positive GAAP and cash rent releasing spreads of 61.7%
  and 38.2%, respectively;
• In New York, executed contract to acquire 250 Church Street through a
  joint venture, with closing expected later this year;
• After the end of the quarter, sold One & Three Glenlake Parkway in
  Atlanta for a gross price of $227.5 million.

Direct link to the Supplemental Information Package: https://ir.columbia.reit/file/4088372/Index?KeyFile=1500119616

To access the Form 10-Q, please visit: https://ir.columbia.reit/Docs

As previously announced, the Company will host a live conference call
and audio webcast later today at 5:00 p.m. ET. The number to call to
participate in the interactive teleconference is (412) 542-4180. To
access the live webcast, interested parties may go to the Investor
Relations section of Columbia’s website at least fifteen minutes prior
to the start time of the call in order to register and to download and
install any necessary audio software.

Direct link to the Conference Call Webcast: https://services.choruscall.com/links/cxp190214.html

A replay of the conference call will be available online in the Investor
Relations section of the Company’s website at https://ir.columbia.reit
shortly after the call and archived for approximately twelve months. The
audio will also be available by telephone through April 25, 2020, by
dialing (877) 344-7529 (passcode: 10129544).

About Columbia Property Trust
Columbia Property Trust (NYSE:
CXP) creates value through owning, operating and developing Class-A
office buildings in high-barrier U.S. office markets, primarily New
York, San Francisco, and Washington D.C. Columbia is deeply experienced
in transactions, asset management and repositioning, leasing, and
property management. It employs these competencies to grow value across
its high-quality, well-leased portfolio of 18 properties that contain
over eight million rentable square feet, as well as one property under
development. Columbia has investment-grade ratings from both Moody’s and
Standard & Poor’s. For more information, please visit www.columbia.reit.

Forward-Looking Statements:
Certain statements in
this press release, including statements regarding future business
operations, may constitute 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 and are subject to uncertainty and
risks. Our actual results may differ materially from projections. See
Item 1A in the Company's most recently filed Annual Report on Form 10-K
for the year ended December 31, 2018, 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. Such
forward-looking statements are based on current expectations and speak
as of the date of such statements. We make no representations or
warranties (express or implied) about the accuracy of, nor do we intend
to publicly update or revise, any such forward-looking statements
contained herein, whether as a result of new information, future events,
or otherwise.

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