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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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State: 17.08.2024 | 11PM
Thu, 22.02.2024       City Office REIT
US1785871013

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.
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