20

15

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FOCUSED

COMPANY OVERVIEW

$5.3 billion 13.7 million 48% 78% / 68% 93.2% 35.6%

Unless otherwise noted, all data contained herein is as of December 31, 2015, and includes Columbia’s 51% pro rata interest in Market Square.1 Represents 100% of Market Square.2 Based on annualized lease revenue.

GROSS REAL ESTATE ASSETS

OFFICE RENTABLE1 SQUARE FEET

REVENUES FROM HIGH-BARRIER MARKETS2

MULTI-TENANT /CBD2

LEASED

LEVERAGE

229 W. 43rd StreetAcquired 8/4/2015 NEW YORK CITY

1 Does not include the Marriott Hotel at Key Center. 2

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FOCUSED ON HIGH-BARRIER MARKETSIn 2015, we expanded in New York’s Midtown and Boston’s Back Bay, continuing our strategic focus on high-barrier-to-entry markets. Today, our largest portfolio concentrations are in San Francisco, New York City and Washington, D.C.—markets that we believe will continue to outperform in the years ahead and will provide us with growth in funds from operations over time.

PORTFOLIO THEN

(12/31/2011)

PORTFOLIO TODAY

(12/31/2015)

Properties1

Markets

% CBD

% High-Barrier

67

31

38%

25%

27

15

68%

48%

+7

+1

DISPOSITIONScompleted

ACQUISITIONScompleted

PORTFOLIO TRANSFORMATION

$2.1 billionin proceeds2

$2.0 billioninvested

31 +1

25%

-47

-17

As we enter 2016, Columbia Property Trust has one of the best portfolios in the office REIT sector. complete a remarkable transformation since the end of 2011 that has taken discipline, skill and vision. Many of you have invested with us during this transition, and we are grateful for your continued confidence in our team and platform.

We have a portfolio of investments today that aligns

Concentration in high-barrier markets, Primarily central business district and urban infill submarket locations,

Predominantly multi-tenant properties, and A blend of stable-cash-flow core assets and assets with opportunities for value creation.

POSITIONED IN THE PATH OF GROWTH

and why that matters for future growth in net asset value and increasing cash flows.

Dispositions

dispositions, substantially reducing our exposure to non-core suburban and single tenant assets. We also

D.C., to Blackstone Property Partners for total

AcquisitionsWe used these proceeds to purchase three assets in our target markets, assets that we expect to grow significantly in value and cash flow in the relative near

116 Huntington Avenue in Boston’s Back Bay submarket, and

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2 TO OUR STOCKHOLDERS

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WE HAVE A PORTFOLIO OF INVESTMENTS TODAY THAT ALIGNS WITH THE OBJECTIVES WE ESTABLISHED FOUR YEARS AGO

315 Park Avenue South

Marketing Center, 24th Floor222 E. 41st Street, New York City

Renovated LobbyMarket Square, Washington, D.C.

Marketing Center, 2nd Floor650 California Street, San Francisco

ADDING VALUE THROUGH CAPITAL IMPROVEMENTS

222 E. 41st Street NEW YORK CITY

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LeasingBeyond improving the portfolio through the transactions above, we’ve made significant strides in creating value through leasing. We completed 1.26 million square feet of leasing in 2015, most

in Denver, and Equinox in New York City, addressing some of our larger near-term expirations.

We also completed substantial capital improvements st

tenant demand.

Capital MarketsCompleting this significant portfolio transition in such a short time was possible because of the strength of our balance sheet, which we continued to improve in 2015. Most significantly, we reduced

reducing overall borrowing costs and extending maturities.

These and other accomplishments led to a credit

program, which has resulted in our acquisition of

LeadershipFinally, we sought out several highly-experienced industry veterans to complement our senior leadership team and enhance the Board. These

Mike Robbdivision for nearly three decades;

Dave Henryvice chairman and chief executive officer of Kimco Realty Corporation; and

Carmen Bowserveteran who most recently served as managing vice president at Capital One.

Additionally, we recently welcomed Adam Popper as

our investment activity and asset management efforts in New York City, Washington, D.C. and Boston.

WE’VE MADE SIGNIFICANT STRIDES IN CREATING VALUE THROUGH LEASING

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CONTINUED FOCUS ON EXECUTIONWe’ve assembled an attractive portfolio that is geared for long-term growth and have put a strong team in place to manage it. We continue to focus on execution and have high expectations for what we can achieve in 2016. This includes completing several key dispositions, capitalizing on milestone leasing opportunities, and continuing to improve our balance sheet. We’ll also seek to identify and execute new investments in our key markets that meet our

We are in the midst of a volatile and uncertain market environment and will, therefore, remain conservative in our underwriting for new acquisitions. We will be very selective and patient as we diligently pursue investments within our defined strategy and markets. We’ll also continue to consider other capital allocation alternatives, such as share repurchases and debt repayments.

HIGH-BARRIER MARKET FOCUSWe are convinced that our strategy to concentrate in high-barrier markets is paying off. Recently there has been increased speculation about volatility in certain real estate markets, along with questions about where each might be in the cycle—most

Cycles come and go, but we have chosen to allocate our investments to these and other high-barrier markets because we believe they will continue to outperform suburban and secondary markets over time, through both thriving and challenging economic periods.

650 California Street SAN FRANCISCO

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OUR STRATEGY TO CONCENTRATE IN HIGH-BARRIER MARKETS IS PAYING OFF

leased at year end and is characterized by a healthy blend of tenants and locations. Our investments there are anchored by a long-term Wells Fargo lease

opportunity to lease over 100,000 square feet at 650

well below market.

market in the country, we have our largest leasing st

will be vacated by Jones Day at their expiration in

continue leasing up near-term roll at substantial

rd

and long-term-leased property that we acquired in August 2015 to balance these value-add assets.

Washington, D.C., so we took advantage of an opportunity to reduce our exposure there and unlock

Blackstone Property Partners. Nonetheless, with vacancy being steadily absorbed, we are bullish on this market long term and will continue to look for other opportunities there. Moreover, we are

spurred by our substantial renovations and accelerated marketing efforts.

track record of successful execution. Our strategy is working, and the challenge of creating our core portfolio and strong balance sheet is largely behind us. Yet we are, and will always remain, focused on what more we can do to improve our company and its financial performance, and to create value for our shareholders.

E. NELSON MILLSPresident, Chief Executive Officer, and Director

March 2, 2016

116 Huntington Avenue Acquired 1/8/2015 BOSTON

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WE WILL CONTINUE TO BUILD UPON OUR TRACK RECORD OF SUCCESSFUL EXECUTION

315 Park Avenue SouthAcquired 1/7/2015NEW YORK CITY

FORM 10-K

[This PDF contains the Annual Report wrapper only; the Form 10-K the Columbia Property Trust, Inc. filed with the SEC for the year ended December 31, 2015, is available at www.sec.gov.]

E. Nelson MillsPresident and Chief

John L. DixonChairman of the Board;Former President and Director,

Carmen M. BowserFormer Managing Vice President, Capital One Bank, New York

Charles R. Brown Chairman, CRB Realty Associates

Richard W. CarpenterChairman of the Board, MidCountry Financial Corp.

David B. Henry

Kimco Realty Corporation

Murray J. McCabeManaging Partner,

Michael S. RobbFormer Executive Vice President, Real Estate Division

George W. SandsFormer Partner,

Thomas G. Wattles Executive Chairman,

BOARD OF DIRECTORS

CORPORATE AND SHAREHOLDER INFORMATIONCorporate Headquarters

www.columbiapropertytrust.com

Independent Accountants

Corporate Counsel

Annual MeetingThe Annual Meeting of

at The Westin Atlanta Perimeter

on May 2, 2016.

Shareholder Services & Transfer Agent/Registrar

6201 15th Avenue

Shares Listed

Investor Relations

Relations at the Company’s corporate headquarters or by email to ir@columbiapropertytrust.com.

Internet Access to SEC FilingsA copy of the Company’s Annual Report on Form 10-K for the year

of this annual report. All reports

including the Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports

www.columbiapropertytrust.com.

SENIOR MANAGEMENTE. Nelson MillsPresident and Chief

James A. FlemingExecutive Vice President and

David S. Dowdney

Western Region

Wendy W. Gill

Corporate Operations and

Kevin A. Hoover

Portfolio Management

Adam I. Popper

Eastern Region

COLUMBIAPROPERTYTRUST.COM

005-CXPRPRT1601