VANCOUVER, Dec. 18, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that it has signed a 60,000 square foot lease with an existing tenant at its premier Terraces property located in Dallas, Texas.
The lease extends the tenant's existing 44,000 square foot space until 2036 and expands the tenant's space by 16,000 square feet. Including the expansion space, which is expected to commence in early 2026, the property is now 95% leased.
VANCOUVER, Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2024.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
VANCOUVER, Oct. 31, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2024.
Third Quarter Highlights
Rental and other revenues were $42.4 million. GAAP net loss attributable to common stockholders was approximately $4.5 million, or ($0.11) per fully diluted share;Core FFO was approximately $11.1 million, or $0.27 per fully diluted share;AFFO was approximately $4.8 million, or $0.12 per fully diluted share;In-place occupancy was 83.4% as of quarter end, or 87.0% including signed leases not yet occupied;Executed approximately 141,000 square feet of new and renewal leases during the quarter; Completed the loan repayment on maturity of the Company's $50.0 million term loan;Declared a third quarter dividend of $0.10 per share of common stock, paid on October 24, 2024; andDeclared a third quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on October 24, 2024.VANCOUVER, Oct. 8, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2024, before the market opens on Thursday, October 31, 2024.
City Office's management will hold a conference call at 11:00 am Eastern Time on October 31, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com.
VANCOUVER, Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
VANCOUVER, Aug. 1, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2024.
Second Quarter Highlights
Rental and other revenues were $42.3 million. GAAP net loss attributable to common stockholders was approximately $5.6 million, or ($0.14) per fully diluted share;Core FFO was approximately $11.5 million, or $0.28 per fully diluted share;AFFO was approximately $5.3 million, or $0.13 per fully diluted share;In-place occupancy was 83.0% as of quarter end, or 87.3% including signed leases not yet occupied;Renewal cash rents increased 4.3% as compared to expiring cash rents;Executed approximately 269,000 square feet of new and renewal leases during the quarter;Completed loan renewals on two property loans, extending maturities by two and five years, respectively;Declared a second quarter dividend of $0.10 per share of common stock, paid on July 24, 2024; andDeclared a second quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on July 24, 2024.VANCOUVER, June 28, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended June 30, 2024, before the market opens on Thursday, August 1, 2024.
City Office's management will hold a conference call at 11:00 am Eastern Time on August 1, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com.
VANCOUVER, June 14, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the second quarter of 2024.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
VANCOUVER, May 3, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended March 31, 2024.
First Quarter Highlights
Rental and other revenues were $44.5 million. GAAP net loss attributable to common stockholders was approximately $2.4 million, or ($0.06) per fully diluted share;Core FFO was approximately $13.5 million, or $0.33 per fully diluted share;AFFO was approximately $9.1 million, or $0.22 per fully diluted share;In-place occupancy was 83.0% as of quarter end, or 86.0% including signed leases not yet occupied;Executed approximately 191,000 square feet of new and renewal leases during the quarter;Declared a first quarter dividend of $0.10 per share of common stock, paid on April 24, 2024; andDeclared a first quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on April 24, 2024.VANCOUVER, April 5, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended March 31, 2024, before the market opens on Friday, May 3, 2024.
City Office's management will hold a conference call at 11:00 am Eastern Time on May 3, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com.
NEW YORK, March 19, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating City Office REIT, Inc. (NYSE: CIO) on behalf of the company's shareholders. The investigation seeks to determine whether City Office REIT's directors breached their fiduciary duties in connection with recent corporate actions.
If you are a shareholder of City Office REIT, Inc. and are interested in obtaining additional information about your rights and options, please visit us at: https://pjlfirm.com/city-office-reit-inc/
VANCOUVER, March 15, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the first quarter of 2024.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
VANCOUVER, Feb. 22, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter and full year ended December 31, 2023.
Fourth Quarter Highlights
Rental and other revenues were $44.3 million. GAAP net loss attributable to common stockholders was approximately $4.5 million, or ($0.11) per fully diluted share;Core FFO was approximately $13.5 million, or $0.33 per fully diluted share;AFFO was approximately $9.3 million, or $0.23 per fully diluted share;In-place occupancy was 84.5% as of quarter end;Executed approximately 134,000 square feet of new and renewal leases during the quarter;Declared a fourth quarter dividend of $0.10 per share of common stock, paid on January 24, 2024; andDeclared a fourth quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on January 24, 2024.VANCOUVER, Jan. 26, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2023 distributions to holders of the Company's common stock and 6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock"). The tax information provided below should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions. This information is being provided to assist shareholders with tax reporting requirements related to dividend distributions of taxable income by the Company. Shareholders should review their Forms 1099 as well as other 2023 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below.
VANCOUVER, Jan. 10, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter and year ended December 31, 2023, before the market opens on Thursday, February 22, 2024.
City Office's management will hold a conference call at 11:00 am Eastern Time on February 22, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com.
VANCOUVER, Dec. 15, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2023.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
VANCOUVER, Nov. 9, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2023.
Third Quarter Highlights
Rental and other revenues were $44.2 million. GAAP net loss attributable to common stockholders was approximately $1.9 million, or ($0.05) per fully diluted share;Core FFO was approximately $13.7 million, or $0.34 per fully diluted share;AFFO was approximately $6.3 million, or $0.15 per fully diluted share;Same Store Cash NOI increased 2.2% as compared to the third quarter of 2022;In-place occupancy was 85.4% as of quarter end;Executed approximately 119,000 square feet of new and renewal leases during the quarter; Completed loan renewals on two property loans, extending each maturity date by five years;Declared a third quarter dividend of $0.10 per share of common stock, paid on October 24, 2023; andDeclared a third quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on October 24, 2023.VANCOUVER, Oct. 5, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2023, before the market opens on Thursday, November 9, 2023.
City Office's management will hold a conference call at 11:00 am Eastern Time on November 9, 2023 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com.
VANCOUVER, Sept. 15, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2023.
Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
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