Columbia Property Trust, Inc. (NYSE:CXP) announced today that it has been added to the Russell 1000 and Russell Global Indexes. The addition of Columbia Property Trust to both indexes follows Russell Investments’ annual reconstitution of its comprehensive set of U.S. and global equity indexes following the close of equity markets on June 27. Membership in the Russell 1000, which remains in place for one year, is based on membership in the broad-market Russell 3000 Index.
“We are pleased to be added to these important market indexes,” said Nelson Mills, President and Chief Executive Officer of Columbia Property Trust. “Inclusion in the Russell 1000 and Global Indexes further supports our objective of attracting institutional investors and raises awareness of Columbia Property Trust among the broader real estate, business and investor communities.”
Russell Indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. The Russell 3000 also serves as the U.S. component to the Russell Global Index. Annual reconstitution of Russell’s U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.
About Columbia Property TrustOne of the nation’s largest office REITs, Columbia Property Trust invests in high-quality commercial office properties in primary U.S. markets and has achieved an investment-grade rating from both Moody's and Standard & Poor’s rating services. As of May 8, 2014, Columbia Property Trust’s portfolio included 44 properties, consisting of 60 operational buildings and comprising approximately 16.8 million square feet of office space in 13 states and the District of Columbia. For information about Columbia Property Trust, visit www.ColumbiaPropertyTrust.com. Forward-Looking Statements: Certain statements contained in this press release other than historical facts may be considered 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. We intend for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such statements include, in particular, statements about our plans, strategies, and prospects and are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of our performance in future periods. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We make no representations or warranties (express or implied) about the accuracy of any such forward-looking statements contained in this press release, and we do not intend to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Any such forward-looking statements are subject to risks, uncertainties, and other factors and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive, and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual conditions, our ability to accurately anticipate results expressed in such forward-looking statements, including our ability to generate positive cash flow from operations, make distributions to stockholders, and maintain the value of our real estate properties, may be significantly hindered. See Item 1A in the Company's most recently filed Annual Report on Form 10-K for the year ended December 31, 2013, 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. The risk factors described in our Annual Report are not the only ones we face, but do represent those risks and uncertainties that we believe are material to us. Additional risks and uncertainties not currently known to us or that we currently deem immaterial may also harm our business.