Here are the 10-Q quarterly reports from City Office REIT, Inc. (CIO) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CIO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CIO filings page.
City Office REIT (CIO) reported Q3 results with rental and other revenues of $37,275 thousand and operating income of $4,214 thousand. The quarter reflected ongoing portfolio repositioning and merger-related activity.
The company closed the sale of six Phoenix properties for $266.0 million on August 15, recognized a year-to-date impairment of real estate of $102,229 thousand tied to the planned Phoenix Portfolio disposition, and ended the quarter with assets held for sale of $35,784 thousand for Pima Center. Year-to-date, net loss attributable to common stockholders was $116,415 thousand, or $2.89 per share; for Q3, the net loss attributable to common stockholders was $5,669 thousand, or $0.14 per share.
Balance sheet and liquidity shifted as total principal debt declined to $399,970 thousand from $649,514 thousand at year-end, aided by disposition proceeds and repayment of a $25 million term loan. The credit facility was amended, reduced to $150 million, and extended to January 2026 with an option to November 2026, subject to conditions. An event of default occurred October 1 at Intellicenter upon loan maturity; discussions with the lender are underway. Cash from operations was $38,709 thousand year-to-date; investing provided $235,759 thousand and financing used $269,145 thousand.
Merger update: stockholders approved the cash merger at $7.00 per share on October 16, subject to customary closing conditions.