City Office REIT Announces Dividends for Second Quarter 2025

Rhea-AI Summary

City Office REIT (NYSE: CIO) has declared its Q2 2025 dividend distributions. The company will pay a quarterly dividend of $0.10 per share for common stock and partnership units. 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 dividend payments are scheduled for July 24, 2025, with a record date of July 10, 2025. The announcement reflects CIO's commitment to providing regular returns to its shareholders through its dividend program.

Positive

• Regular dividend payments demonstrate financial stability
• Maintaining dividend payments for both common and preferred stockholders

Negative

• None.

VANCOUVER, June 13, 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 second 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 July 24, 2025 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, of record as of the close of business on July 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

View original content to download multimedia:https://www.prnewswire.com/news-releases/city-office-reit-announces-dividends-for-second-quarter-2025-302480774.html

SOURCE City Office REIT, Inc.

FAQ

What is City Office REIT's (CIO) dividend payment for Q2 2025?

City Office REIT announced a quarterly dividend of $0.10 per share for common stock and partnership units for Q2 2025.

When is the payment date for CIO's Q2 2025 dividend?

The dividend payment date is July 24, 2025, with a record date of July 10, 2025.

What is CIO's preferred stock dividend for Q2 2025?

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

What is the record date for City Office REIT's Q2 2025 dividend?

The record date for CIO's Q2 2025 dividend is July 10, 2025.