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. (CIO) generated a range of news items related to its operations as an office-focused real estate investment trust and its eventual acquisition by an affiliate of Elliott Investment Management L.P. and Morning Calm Management, LLC. As an internally managed REIT concentrated on acquiring, owning and operating office properties located predominantly in Sun Belt markets, the company’s news flow frequently covered portfolio performance, leasing, capital markets activity and strategic transactions.
News releases documented quarterly financial results, where City Office REIT reported rental and other revenues, net income or loss, funds from operations (FFO), core FFO, adjusted funds from operations (AFFO), occupancy levels and leasing activity. The company also highlighted metrics such as same store cash net operating income and detailed the volume of new and renewal leases signed across its portfolio, providing insight into tenant demand and property-level trends.
Another key category of news involved real estate transactions and balance sheet actions. City Office REIT announced a purchase and sale agreement to dispose of its Phoenix portfolio and later reported the first closing of this sale, noting that the transaction satisfied a closing condition in its merger agreement. Additional releases described amendments to its credit facilities, preferred stock dividend declarations and the suspension of common stock dividends in connection with a pending merger.
Merger and governance developments formed a major theme in later news. The company issued press releases about entering into a definitive merger agreement with MCME Carell Holdings, LP and MCME Carell Holdings, LLC, the approval of the merger by stockholders at a special meeting, and the ultimate completion of the acquisition. Other news items included communications from shareholders such as Oksenholt Capital Management LLC commenting on the proposed transaction and the company’s leadership. Together, these articles provide a historical record of CIO’s strategic decisions, capital allocation and transition from a publicly traded REIT to a privately held entity.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.
FAQ
What is the current stock price of City Office Reit (CIO)?
What is the market cap of City Office Reit (CIO)?
