City Office REIT Announces Dividends for First Quarter 2025

Rhea-AI Summary

City Office REIT (NYSE: CIO) has declared its quarterly dividends for Q1 2025. The company will distribute $0.10 per share for common stock and common unit of partnership interest. Additionally, holders of the company's 6.625% Series A Cumulative Redeemable Preferred Stock will receive a quarterly dividend of $0.4140625 per share.

Both dividends will be paid on April 24, 2025, to stockholders of record as of the close of business on April 10, 2025.

Positive

• Regular dividend maintained for both common and preferred shareholders
• Consistent quarterly dividend payment schedule maintained

Negative

• None.

VANCOUVER, March 14, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the first quarter of 2025.  

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. 

The dividends will be payable on April 24, 2025 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, of record as of the close of business on April 10, 2025.

About City Office REIT, Inc.

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.4 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Forward-looking Statements

This press release contains both historical and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "approximately," "anticipate," "assume," "believe," "budget," "contemplate," "continue," "could," "estimate," "expect," "future," "intend," "may," "outlook," "plan," "potential," "predict," "project," "seek," "should," "target," "will" and similar expressions, and variations or negatives of these words. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include, among other things, changes to CIO's expected liquidity position and the risk factors set forth in CIO's Annual Report on Form 10-K for the year ended December 31, 2024 and subsequent filings with the Securities and Exchange Commission. The statements made herein speak only as of the date of this press release, and, except as required by law, CIO does not undertake any obligation to publicly update or revise any forward-looking statements.

Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cityofficereit.com

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SOURCE City Office REIT, Inc.

FAQ

What is the Q1 2025 dividend amount for City Office REIT (CIO) common stockholders?

City Office REIT's Q1 2025 dividend for common stockholders is $0.10 per share, payable on April 24, 2025.

When is the record date for CIO's Q1 2025 dividend payment?

The record date for CIO's Q1 2025 dividend is April 10, 2025.

What is the dividend rate for CIO's Series A Preferred Stock in Q1 2025?

CIO's 6.625% Series A Preferred Stock will pay a quarterly dividend of $0.4140625 per share.

When will City Office REIT (CIO) pay its Q1 2025 dividends?

CIO will pay both common and preferred stock dividends on April 24, 2025.