City Office REIT Announces Dividends for First Quarter 2025
City Office REIT (NYSE: CIO) has declared its quarterly dividends for Q1 2025.
Sentiment and the balance of points
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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.
Details
News Market Reaction – CIO
The recorded move for CIO in the trading session of this news was -1.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Additionally, the Board of Directors authorized a regular quarterly dividend of
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
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.
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