City Office REIT

City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

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Earnings data Q4 2024

City Office REIT achieves record core FFO in 2022, eyes portfolio optimization for growth

City Office REIT (CIO) delivered strong financial performance in 2022, marked by record core FFO per share and strategic property transactions.
While facing challenges such as impairment charges and moderate growth outlook for 2023, CIO remains focused on optimizing its portfolio and driving earnings growth.
Opportunities lie in the company's emphasis on spec suites, divestment strategy, and market demand for renovated office spaces, positioning CIO for sustained value creation.
Investors should monitor CIO's execution of its 2023 strategy, including divestment plans and initiatives to enhance net operating income, for long-term performance indicators.

City Office REIT reports resilient Q1 performance amidst market challenges

City Office REIT (CIO) navigated market challenges in Q1 2023 with resilience, reporting solid financial performance and maintaining operational stability.
The company's strategic decisions to enhance liquidity, explore property disposition, and initiate a share repurchase program reflect a proactive stance towards future growth.
While facing market volatility and operational uncertainties, City Office REIT remains focused on optimizing its portfolio, engaging tenants, and creating long-term value for shareholders.
CEO Farrar's leadership and the team's commitment to financial discipline position City Office REIT to capitalize on opportunities and drive sustainable growth in the real estate sector.

City Office REIT reports solid Q2 performance amidst leasing challenges

City Office REIT's Q2 performance reflects positive leasing trends and financial stability, despite challenges in leasing volumes and asset occupancy.
The company's strengths lie in its focus on enhancing leasing prospects, maintaining liquidity, and driving value through rental growth.
While facing challenges such as slower leasing volumes and occupancy declines, City Office REIT has opportunities to optimize its portfolio and capitalize on strategic initiatives for growth.

City Office REIT reports robust Q3 performance amidst market challenges

City Office REIT delivered a strong performance in Q3 2023, with a focus on premium assets, financial stability, and strategic growth initiatives.
The company's proactive approach to managing debt, optimizing property performance, and exploring market opportunities positions it for long-term success.
While facing challenges in a competitive market environment, City Office REIT's strengths in asset quality, leasing strategies, and financial management provide a solid foundation for future growth.
By leveraging opportunities in rental rate growth, market dynamics, and capital optimization, City Office REIT aims to create sustainable value for shareholders and stakeholders.

City Office REIT reports strong 2023 performance and outlines 2024 guidance

City Office REIT's 2023 performance was solid, with positive market trends and a strong leasing pipeline for 2024.
Challenges with WeWork operations and analyst inquiries on debt and asset strategies were notable discussion points.
Opportunities lie in the current office market landscape, with potential for growth through strategic asset sales.
Guidance for 2024 indicates a focused approach on dispositions and maintaining core FFO per share.

City Office REIT (CIO) reports strong Q1 performance amidst market dynamics

City Office REIT (CIO) demonstrated strong financial performance and growth potential in Q1 2024, driven by new leases and strategic investments in property renovations.
While facing challenges such as guidance adjustments and debt management, the company remains well-positioned to capitalize on opportunities in the evolving office sector.
Overall, City Office REIT (CIO) shows resilience and proactive measures in navigating market dynamics, with a focus on enhancing portfolio value and driving income growth.

City Office REIT reports strong Q2 performance amidst market challenges

City Office REIT delivered strong financial results and showed improvements in leasing activity, positioning the company well in a challenging market.
Strategic property upgrades, potential mixed-use development, and reiterated guidance highlight a focus on long-term growth and value creation.
While facing challenges such as market liquidity and debt management, City Office REIT has opportunities to capitalize on industry trends and optimize its portfolio.
Overall, City Office REIT's performance, strengths, challenges, and opportunities suggest a balanced outlook with potential for growth and value creation.

City Office REIT (CIO) reports robust Q3 performance and optimistic outlook

City Office REIT (CIO) demonstrated strong financial performance and leasing activity in Q3 2024, leading to positive revisions in guidance categories.
The company's proactive approach to property renovations and value-enhancing opportunities, coupled with financial flexibility, positions them well for future growth.
While challenges exist in maintaining high occupancy levels and managing debt, City Office REIT (CIO) has opportunities to capitalize on industry trends and strengthen its market position.

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VANCOUVER, March 15, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.20 per share of common stock and common unit of partnership interest for the first quarter of 2022.   Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.

City Office REIT Announces Dividends for First Quarter 2022

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City Office REIT, Inc. (CIO) CEO James Farrar on Q4 2021 Results - Earnings Call Transcript

VANCOUVER, Feb. 25, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter and full year ended December 31, 2021. Fourth Quarter Highlights Rental and other revenues were $39.7 million.

City Office REIT Reports Fourth Quarter and Full Year 2021 Results

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VANCOUVER, Feb. 2, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2021 distributions to holders of the Company's common stock and 6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock"). The tax information provided below should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions.

City Office REIT Announces Tax Treatment of 2021 Distributions

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City Office REIT (CIO) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term.

Here's Why City Office REIT (CIO) Looks Ripe for Bottom Fishing

VANCOUVER, Jan. 18, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter and year ended December 31, 2021, before the market opens on Friday, February 25, 2022. City Office's management will hold a conference call at 11:00 am Eastern Time on February 25, 2022 to discuss the Company's financial results.

City Office REIT Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

City Office REIT (CIO) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

City Office REIT (CIO) Upgraded to Strong Buy: Here's Why

City Office: A Quality REIT

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City Office REIT (CIO) expands in the Raleigh market with the acquisition of the two-building complex, Bloc 83.

City Office REIT (CIO) Expands With Raleigh Property Buyout

VANCOUVER, Dec. 31, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has closed the acquisition of Bloc 83, a premier two-building office complex located in Raleigh, North Carolina, for a gross purchase price of $330.0 million exclusive of closing costs. The 494,000 square foot, newly built Class A complex possesses a prime location, market-leading features and strong tenancy.

City Office REIT Announces Raleigh Acquisition

VANCOUVER, Dec. 17, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that its Board of Directors has authorized a 33.3% increase in the quarterly dividend, from $0.15 to $0.20 per share of common stock and common unit of partnership interest for the fourth quarter of 2021.   "Through the execution of our capital recycling strategy, City Office is positioned to increase the Company's quarterly dividend level," commented John McLernon, Chairman of the Board of Directors.

City Office REIT Announces Dividend Increase of 33.3%

VANCOUVER, Dec. 9, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has closed the acquisition of The Terraces, a premier office building in a top submarket of Dallas, Texas, for a gross purchase price of $133.5 million, exclusive of closing costs. The 173,000 square foot LEED Gold property is the newest office building in an exceptional location.

City Office REIT Announces Dallas Acquisition

VANCOUVER, Dec. 7, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has closed the acquisition of Block 23, a premier office building in downtown Phoenix, Arizona, for a gross purchase price of $150.0 million, exclusive of closing costs. The 307,000 square foot property is an exceptional asset with strong tenancy.

City Office REIT Announces Phoenix Acquisition

VANCOUVER, Dec. 2, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has closed the sale of its holdings in the Sorrento Mesa submarket of San Diego for $576 million. The net sale proceeds, after estimated closing and transaction costs, are approximately $548 million.

City Office REIT Announces Closing of Sale of Life Science Portfolio for $576 Million

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City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q3 2021 Results - Earnings Call Transcript

City Office REIT (CIO) delivered FFO and revenue surprises of -11.11% and 8.45%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

City Office REIT (CIO) Lags Q3 FFO Estimates

VANCOUVER, Nov. 3, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2021. Third Quarter Highlights Rental and other revenues were $44.9 million.

City Office REIT Reports Third Quarter 2021 Results

VANCOUVER, Oct. 12, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2021, before the market opens on Wednesday, November 3, 2021. City Office's management will hold a conference call at 11:00 am Eastern Time on November 3, 2021 to discuss the Company's financial results.

News for City Office REIT Stock (CIO)