❑ Acquisition of three properties in Raleigh, Phoenix and Dallas for $614 million in December 2021 enhanced and diversified the portfolio 2525 McKinnon Dallas, TX Irreplaceable location in the heart of Uptown The Terraces Dallas, TX New building in desirable Preston Center The Square Phoenix, AZ Irreplaceable location in Old Town Scottsdale OVER $560 MILLION OF GAINS ACROSS 11 DISPOSITIONS Lake Vista Pointe, Dallas $33.01 $19.78 SUCCESSFUL EXECUTION ON PROPERTY REPOSITIONINGS ACTIVE STEPS TO POSITION FOR LO ...

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.33 per share when it actually produced FFO of $0.34, delivering a surprise of 3.03%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.City Of ...

In addition, because the yields available from equity investments in real estate depend in large part on the amount of rental income earned, as well as property operating expenses and other costs incurred, a period of economic slowdown or recession, or declining demand for real estate, or the public perception that any of these events may occur, could result in a general decline in rents or an increased incidence of defaults among our existing leases, and, consequently, our properties, including any held by ...

Exhibit 99.1 City Office REIT Reports Fourth Quarter and Full Year 2023 Results VANCOUVER— February 22, 2024 —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 "We are seeing positive signs that leasing activity is gathering momentum, especially across our premium properties and locations," commented James Farrar, the Company's Chief Executive Officer. "The new leasing ...

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 provi ...

csfotoimages/iStock Editorial via Getty Images The sustained collapse of equity office REITs since 2022 has likely opened up some opportunities to acquire highly distressed assets with decent underlying fundamentals despite the bleak backdrop posed by the tripartite of high interest rates, work-from-home trends, and the specter of a recession. City Office REIT (NYSE:CIO) is down roughly 70% over this time frame, now trading hands at a 67% discount to a book value of $16.83 per share at the end of its la ...

City Office REIT, Inc. (NYSE:CIO) Q3 2023 Earnings Conference Call November 9, 2023 11:00 AM ET Company Participants Anthony Maretic - CFO, Secretary & Treasurer James Farrar - CEO & Director Conference Call Participants Robert Stevenson - Janney Montgomery Scott Barry Oxford - Colliers Securities William Crow - CIMB Research Operator Good morning, and welcome to the City Office REIT, Inc. Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. As a reminder this conference call is being reco ...

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 For the transition period from to 666 Burrard Street Suite 3210 Vancouver, BC V6C 2X8 (Address of principal executive offices) (Zip Code) Indicate by check mark whether the registrant has submitted electronically every I ...

City Office REIT, Inc. (NYSE:CIO) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Anthony Maretic - CFO, Secretary & Treasurer James Farrar - CEO & Director Conference Call Participants Robert Stevenson - Janney Montgomery Scott Barry Oxford - Colliers Securities Craig Kucera - B. Riley Securities William Crow - CIMB Research Operator Good morning, and welcome to the City Office REIT, Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. It is now my pl ...

Item 3. Defaults Upon Senior Securities None. Item 4. Mine Safety Disclosures Not applicable. Item 5. Other Information The above description of the Amended and Restated Bylaws does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amended and Restated Bylaws, which is filed as Exhibit 3.2 hereto and incorporated herein reference. Item 6. Exhibits | --- | --- | |----------------|----------------------------------------------------------------------------- ...