An Insight Into Columbia Property Trust’s Geographic Coverage
Columbia Property Trust operates in 15 major markets, including San Francisco, New York, Washington, D.C., Houston, Atlanta, Los Angeles, and others.
As of 3Q15, Columbia Property Trust’s property portfolio included 41 operational buildings with a rentable commercial space of 13.9 million square feet.
CXP has multi-tenant and single-tenant office properties in industries such as legal services, business services, financial services, utilities, and retail.
Columbia Property Trust initiated its portfolio transformation through acquisitions of high-quality properties at prime locations in major markets.
Columbia Property Trust’s strategy is to invest in a property portfolio that provides the size, quality, and market needed to deliver long-term returns.
Columbia Property Trust’s average occupancy was 93.9% in 2011, while in 3Q15 it was 93.3%. This is higher than the occupancies of most of its peers.
CXP’s portfolio restructuring is likely to bear fruits in the long term. In 9M15, its revenue rose by a healthy 7.8% to $433.4 million over 9M14.
CXP is a mid-sized stock on the NYSE, with a market capitalization of $3 billion. Consequently, it sees allocation in some REIT-specific ETFs.
Columbia Property Trust recorded an earnings before interest, tax, depreciation, and amortization margin of 56.6% in 2014 compared to 56.8% in 2013.
Funds from operations, adjusted funds from operations, and net operating income are key measures in evaluating a real estate company’s operating performance.
Columbia Property Trust’s funds from operations payout ratio, which was 122.8% in 2010, gradually fell to 80.3% in 2013 and 62.2% in 2014.
CXP’s total debt rose from $1.5 billion in 2010 to $2.4 billion in September 2015. This rise in leverage was mainly due to portfolio restructuring.
A closer look at Columbia Property Trust’s trailing-12-month price-to-FFO multiple shows that it is trading at a low point in its historical valuation.
Columbia Property Trust is a mid-sized office REIT company in the United States with a market capitalization of $3 billion.
A close look at BioMed Realty Trust’s EV-to-EBITDA multiple shows that its ratio is in line with its historical valuation, with a current ratio of ~14.8x.
At the end of 2014, BioMed Realty’s consolidated debt was $2.7 billion. Its total debt rose from $1.5 billion in 2010 to $3 billion as of September 2015.
A close look at BioMed Realty’s TTM price-to-FFO ratio shows that the company is in line with its historical valuation. Its current ratio is ~16.3x.
BioMed Realty is a major stock on the NYSE, with a market capitalization of $4.8 billion, and sees an allocation in most of the REIT-specific ETFs.
Bolstered by higher FFO per share, BioMed Realty increased its dividend by 36.5% to $1.31 per common share in 2014—its highest dividend in seven years.
BioMed Realty FFO has increased steadily over the past five years, rising from $147.4 million in 2010 to $323.6 million in 2014—its highest in ten years.