City Office REIT(CIO)
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City Office REIT(CIO) - 2024 Q2 - Quarterly Report
2024-08-01 10:16
Table of Contents Title of Each Class Trading Symbol(s) Name of each Exchange on Which Registered Common Stock, $0.01 par value "CIO" New York Stock Exchange 6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share "CIO.PrA" New York Stock Exchange Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended ...
City Office REIT(CIO) - 2024 Q2 - Quarterly Results
2024-08-01 10:10
Exhibit 99.1 City Office REIT Reports Second Quarter 2024 Results VANCOUVER—August 1, 2024 —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; • AF ...
City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-06-28 20:05
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. Telephone Conference Call Domestic: 1-866-813-9403 International: 1-929-458-6194 Passcode: 237346 Contact Click on the webcast link under the "Investor Relations" section of the Company's website at www.cioreit.com. Domestic: 1-833-470-1428 Intern ...
City Office REIT Announces Dividends for Second Quarter 2024
Prnewswire· 2024-06-14 20:05
The dividends will be payable on July 24, 2024 to all stockholders, preferred stockholders and operating partnership unitholders, as applicable, of record as of the close of business on July 10, 2024. About City Office REIT, Inc. Contact SOURCE City Office REIT, Inc. 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. Forward-looking Statements City Office REIT, Inc. Anthony Maretic, CFO ...
Ping An CIO Benjamin Deng: Maintaining a "Double Barbell" Asset Allocation Strategy, Seeing Potential in Investment Opportunities Brought by Energy Transition
Prnewswire· 2024-06-04 08:47
HONG KONG and SHANGHAI, June 4, 2024 /PRNewswire/ -- China's macroeconomy and capital market development remains steady this year, and Ping An will maintain a balanced "double barbell" asset allocation to ensure stable returns, said Benjamin Deng, Chief Investment Officer of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318). Mr. Deng was speaking at Asian Investor's Asian Investment Summit in Hong Kong. Mr. Deng said he also ...
Quest Diagnostics Elects Robert B. Carter, CIO of FedEx Corporation, to Board of Directors
prnewswire.com· 2024-05-16 20:15
SECAUCUS, N.J., May 16, 2024 /PRNewswire/ -- Quest Diagnostics (NYSE: DGX), a leading provider of diagnostic information services, today announced that its Board of Directors has elected Robert (Rob) B. Carter, a seasoned technology executive, to serve as a director. Including Mr. Carter, the company's Board has 10 members. Rob CarterRob Carter Mr. Carter, 64, is Executive Vice President and Chief Information Officer at FedEx Corporation, where he is responsible for setting the technology direction of the F ...
City Office REIT: The 8.4% Dividend Yield Looks Stable
Seeking Alpha· 2024-05-13 06:30
dszc/E+ via Getty Images City Office REIT (NYSE:CIO) is now a buy on the back of its low multiple to core FFO, fully covered dividend yield, and occupancy set to rise across its Class A office portfolio. The REIT last declared a quarterly cash dividend of $0.10 per share, kept flat from its prior quarter, and $0.40 per share if annualized for an 8.4% dividend yield. CIO generated fiscal 2024 first quarter core FFO of $0.33 per share, beating consensus by 3 cents and flat sequentially from the prior fourth q ...
City Office REIT(CIO) - 2024 Q1 - Earnings Call Transcript
2024-05-03 18:58
Company Participants Conference Call Participants Operator It is now my pleasure to introduce you to Tony Maretic, the company's Chief Financial Officer, Treasurer and Corporate Secretary. Thank you, Mr. Maretic. You may begin. Good morning. Before we begin, I would like to direct you to our website at cioreit.com, where you can view our first quarter earnings press release and supplemental information package. The earnings release and supplemental package both include a reconciliation of non-GAAP measures ...
City Office REIT(CIO) - 2024 Q1 - Quarterly Report
2024-05-03 10:36
"CIO" "CIO.PrA" New York Stock Exchange New York Stock Exchange For the quarterly period ended March 31, 2024 For the transition period from to Title of Each Class Trading Symbol(s) Name of each Exchange on Which Registered Common Stock, $0.01 par value 6.625% Series A Cumulative Redeemable Preferred Stock, $0.01 par value per share (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...
City Office REIT(CIO) - 2024 Q1 - Quarterly Results
2024-05-03 10:31
Exhibit 99.1 • 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 ...