Welcome to our dedicated page for City Office Reit news (Ticker: CIO), a resource for investors and traders seeking the latest updates and insights on City Office Reit stock.
City Office REIT, Inc. (NYSE: CIO) provides investors with comprehensive updates on its office property portfolio across Sun Belt growth markets. This news hub aggregates official announcements, financial disclosures, and strategic developments for this real estate investment trust focused on 18-hour cities.
Access timely updates on leasing activity, property acquisitions, and financial performance metrics including Funds from Operations (FFO). The curated news collection enables stakeholders to track CIO’s progress in markets like Dallas, Denver, and Phoenix, where it operates modern office spaces catering to diverse tenants.
Key content includes earnings releases, dividend declarations, sustainability initiatives, and market expansion updates. All materials are sourced from verified corporate communications to ensure reliability. Bookmark this page for convenient access to CIO’s latest operational milestones and regulatory filings.
City Office REIT (NYSE: CIO) will announce its financial results for the quarter ending March 31, 2023, on May 5, 2023, before market opening. A conference call is scheduled for 11:00 am ET on the same day, where management will discuss these results. Interested parties can access the webcast through the investor relations section of City Office's website. The company focuses on acquiring and operating quality office properties in Sun Belt markets, owning or controlling 6.0 million square feet of office space. City Office REIT is taxed as a real estate investment trust in the U.S.
City Office REIT (NYSE: CIO) announced a quarterly dividend of $0.20 per share for Q1 2023, payable on April 25, 2023 to shareholders of record as of April 11, 2023. Additionally, a dividend of $0.4140625 per share will be distributed for its 6.625% Series A Cumulative Redeemable Preferred Stock. City Office focuses on acquiring and operating high-quality office properties, primarily in Sun Belt markets, currently owning or controlling 6.0 million square feet of office space. The company has opted for REIT tax treatment under U.S. federal law.
City Office REIT, Inc. (NYSE: CIO) has announced significant changes to its Board of Directors. Effective immediately, Michael Mazan joins the Board, bringing over 30 years of finance and investment experience. He will also serve as Chairman of the Audit Committee. Concurrently, John Sweet has been appointed as the new Chairman of the Board, succeeding John McLernon, who remains an Independent Director. Additionally, William Flatt is stepping down after nearly ten years of service. The Board now consists of six directors, five of whom meet the independence standards set by the NYSE.
City Office REIT, ticker CIO, reported its Q4 and full-year 2022 results, highlighting rental revenues of $44.6 million and a GAAP net loss of $14.3 million, or ($0.36) per share. Core FFO was $15.4 million, a 15% increase from the previous year. The company's in-place occupancy rate was 86.2%. They executed about 108,000 square feet of new leases and renewals in Q4. The company declared a dividend of $0.20 per common share, paid on January 24, 2023. City Office also recognized a $13.4 million impairment in real estate assets. For 2023, guidance estimates Core FFO per share between $1.38 and $1.43.
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