Columbia Property Trust sees leasing, revenue rise while buildings just 5% full

Looking at the latest quarterly financials from Columbia Property Trust, you might forget that we’re in the middle of a pandemic. The office REIT leased more square footage than it did in the same period a year ago, and recorded its highest normalized funds from operation since 2018. But the situation on the ground tells a different story. The company’s properties still stand mostly empty — which has helped reduce operational costs somewhat — and

source https://therealdeal.com/2020/07/31/columbia-property-trust-sees-leasing-revenue-rise-while-buildings-just-5-full/