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Columbia: 1Q Earnings Snapshot

NEW YORK (AP) _ Columbia Property Trust Inc. (CXP) on Thursday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in New York, said it had funds from operations of $45.2 million, or 39 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $6.3 million, or 5 cents per share.

The real estate investment trust posted revenue of $76.3 million in the period.

The company's shares have declined 32% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.29, a fall of 37% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXP at https://www.zacks.com/ap/CXP