City Office Reit Inc Stock Price, News & Analysis

City Office REIT (CIO) reported its Q2 results for 2021, revealing total revenues of $40 million and a slight net loss of $0.2 million. Core FFO reached $15.3 million, equating to $0.35 per diluted share, while AFFO stood at $9.9 million or $0.22 per share. Same Store Cash NOI increased by 2.7%. The company executed 249,000 square feet in leases and acquired two properties in San Diego for $43.3 million. A dividend of $0.15 per common share was declared, contributing to shareholder value amidst ongoing strategic initiatives.

City Office REIT (NYSE: CIO) will release its financial results for Q2 2021 on August 5, 2021, before market opening. A conference call to discuss the results is scheduled for 11:00 AM ET on the same day. Investors can access a supplemental financial package on the company's website. City Office specializes in high-quality office properties in growing cities across the Southern and Western U.S., managing 5.5 million square feet of properties. The company is taxed as a real estate investment trust (REIT).

City Office REIT announced a quarterly dividend of $0.15 per share for Q2 2021, payable on July 23, 2021, to stockholders of record as of July 9, 2021. Additionally, a dividend of $0.4140625 per share on the Company's 6.625% Series A Cumulative Redeemable Preferred Stock was authorized. City Office focuses on high-quality office properties in 18-hour cities across the Southern and Western U.S., owning or controlling 5.5 million square feet of office space.

City Office REIT (CIO) reported its Q1 2021 results with revenues of $39.5 million and a GAAP net income of $47 million, or $1.07 per diluted share. The company collected over 99% of rental income, achieved a 5% increase in Same Store Cash NOI, and closed at 90.5% occupancy. Key transactions included a $95 million property sale generating a $47.4 million gain and a $43.3 million property acquisition pending in San Diego. A dividend of $0.15 per share was declared. The revised full-year guidance suggests an increase in Core FFO expectations and optimistic outlook for cash flow growth as office utilization recovers.

City Office REIT (NYSE: CIO) will release its financial results for Q1 2021 before the market opens on May 7, 2021. A conference call is scheduled for 11:00 AM ET on the same day to discuss these results, with a supplemental financial package available on their website. City Office REIT focuses on high-quality office properties in key U.S. cities, currently managing 5.5 million square feet of office space. The Company is structured as a real estate investment trust for federal income tax purposes.

City Office REIT, Inc. (NYSE: CIO) has announced a quarterly dividend of $0.15 per share for Q1 2021, payable on April 23, 2021. This dividend is for all stockholders of record as of April 9, 2021. Additionally, the Board approved a quarterly dividend of $0.4140625 per share for the 6.625% Series A Cumulative Redeemable Preferred Stock. City Office focuses on high-quality office properties across the Southern and Western U.S., owning or controlling 5.5 million square feet.

City Office REIT (CIO) reported a Q4 2020 revenue of $39.8 million with a net loss of $1.5 million or $(0.03) per share. Core FFO was $14.1 million ($0.32/share), and AFFO was $7.5 million ($0.17/share). Occupancy stood at 90.5%, with a 0.4% increase in Same Store Cash NOI. The sale of the Cherry Creek property brought in $95 million and a $47.4 million gain. A dividend of $0.15 per share was declared, paid on January 25, 2021. For 2021, Core FFO guidance is $1.20-$1.24 per diluted share amid ongoing pandemic uncertainties.

City Office REIT (NYSE: CIO) announced the successful sale of its Cherry Creek property in Denver for a gross price of $95.0 million. The three-building campus, totaling 356,000 square feet, was fully leased to the State of Colorado at the time of sale. This transaction reflects a capitalization rate of approximately 5.8% based on net operating income. CEO James Farrar emphasized the sale's role in showcasing the portfolio's value and expressed intentions to pursue further acquisitions as market conditions improve.

City Office REIT (NYSE: CIO) announced the tax treatment for its 2020 distributions to common and preferred stockholders. The Company provided shareholders with necessary information for tax reporting on dividends. Key figures include ordinary dividends of $0.189706, $0.121089, and others for various payment dates. Shareholders should consult tax advisors for personalized guidance based on their unique situations, reviewing their Forms 1099 for accuracy against the provided data. City Office continues to operate high-quality office properties across the Southern and Western U.S.