Columbia Property Trust: A REIT

Conducting its trade as a real estate investment trust, Columbia Property Trust continues to be free of any federal tax obligations. For as long as the company continues to distribute at least 90% of its revenue, it remains non-taxable.

The company is publicly held and continues to acquire, develop, own and manage a portfolio of commercial office properties. These assets are located in key markets in the United States and are rated by both Standard & Poor’s and Moody’s as “Investment Grade”. Currently, there are 55 buildings that are owned and operated by the company that have a total of more than 16.6 million square feet. These properties are valued to be around $5.8 billion.

Columbia Property Trust, Inc. continues to trade its common stocks on the New York Stock Exchange using the symbol CXP. Some of the biggest tenants of the company include Wells Fargo, Jones Day and AT&T. These tenants have an average lease term of at least 5.6 years.