City Office Reit Inc Stock Price, News & Analysis

City Office REIT, Inc. (NYSE: CIO) will release its financial results for Q4 and FY 2022 on February 23, 2023, before market opening. A conference call is scheduled for 11:00 am ET on the same day, where management will discuss the results. Investors can access a supplemental financial package on the company’s website. City Office owns or has controlling interests in 6.0 million square feet of office properties primarily in Sun Belt markets and has elected to be taxed as a real estate investment trust.

City Office REIT (NYSE: CIO) has announced a quarterly dividend of $0.20 per common share for Q4 2022. Additionally, a dividend of $0.4140625 has been authorized for its 6.625% Series A Cumulative Redeemable Preferred Stock. Both dividends will be payable on January 24, 2023, to stockholders of record as of the close of business on January 10, 2023. City Office focuses on high-quality office properties primarily in Sun Belt markets, owning or controlling 6 million square feet of assets.

City Office REIT (NYSE: CIO) reported its third-quarter 2022 results, with rental and other revenues totaling $45.5 million. GAAP net income reached $0.1 million, translating to $0.00 per diluted share. Key highlights include a core FFO of $16.5 million (or $0.39 per share) and AFFO of $7.7 million (or $0.18 per share). Occupancy stood at 85.8%. The company repurchased $50 million in shares and declared a quarterly dividend of $0.20 per share. CEO James Farrar emphasized the company's strong positioning amid macroeconomic challenges, particularly in Sun Belt markets.

City Office REIT, Inc. (NYSE: CIO) will release its financial results for Q3 2022 on November 7, 2022, before market open. A conference call will follow at 11:00 am ET that same day to discuss the results, with a supplemental financial package available on the company's website. City Office REIT focuses on acquiring and operating premium office properties, predominantly in Sun Belt markets, currently owning 6.0 million square feet of office space. This announcement is crucial for investors tracking CIO's performance and guidance.

City Office REIT, Inc. (NYSE: CIO) announced a quarterly dividend of $0.20 per share for Q3 2022. The dividend will be payable on October 21, 2022, to stockholders of record as of October 7, 2022. Additionally, a dividend of $0.4140625 per share will be paid on the 6.625% Series A Cumulative Redeemable Preferred Stock. City Office focuses on acquiring and managing high-quality office properties in the Sun Belt markets and currently owns about 6.0 million square feet of office space.

City Office REIT (CIO) reported a net income of $1.0 million for Q2 2022, with Core FFO at $17.6 million. Total revenues reached $45.5 million. The company completed the sale of the Lake Vista Pointe property for $43.8 million, resulting in a $21.7 million gain. Occupancy was at 86.9%, affected by the new Bloc 83 property. The company repurchased 2.3 million shares for $30.2 million and declared a dividend of $0.20 per share. However, the 2022 guidance for Core FFO per share was lowered by $0.025, reflecting rising interest rates and leasing timing issues.

City Office REIT, Inc. (NYSE: CIO) will release its financial results for Q2 2022 on August 4, 2022. A conference call is scheduled for 11:00 am Eastern Time on the same day to discuss the results, with a supplemental financial package available on their website. City Office specializes in acquiring and managing high-quality office properties, currently owning or controlling 6.0 million square feet of office space across key markets in the Southern and Western United States. The Company is structured as a real estate investment trust for federal tax purposes.

City Office REIT (NYSE: CIO) has declared a quarterly dividend of $0.20 per share for Q2 2022. The dividend, along with a $0.4140625 per share dividend for its 6.625% Series A Cumulative Redeemable Preferred Stock, will be paid on July 22, 2022, to shareholders of record by the close of business on July 8, 2022. City Office REIT operates high-quality office properties across the Southern and Western U.S., controlling 6.0 million square feet of office space. The company is managed internally and is structured as a real estate investment trust (REIT).

City Office REIT, Inc. (NYSE: CIO) has finalized the sale of its Lake Vista Pointe property in Dallas, Texas, for $43.8 million, generating a gain of $22 million. This transaction yields a cash capitalization rate of 6.1% and is part of a larger trend, as the company has seen over $570 million in gains from ten dispositions thus far. Proceeds will be allocated to repaying $16.8 million in mortgage debt, with remaining funds earmarked for various corporate purposes, including potential reinvestment or share repurchase.