City Office REIT(US:CIO)2024-08-01 18:48Company Overview - City Office REIT owns a diversified portfolio of premier office properties in high-growth Sun Belt markets[4] - The portfolio comprises 56 buildings with 5567 thousands square feet of NRA[4] - The portfolio's in-place occupancy is 830% with a lease term remaining of 45 years[4] Financial Highlights and Outlook - Q2 2024 Core FFO per share was $028 and AFFO per share was $013[20] - The company executed 269000 square feet of new and renewal leases in Q2 2024[20] - Full year 2024 Net Operating Income is projected between $1015 million and $1035 million[20] - Full year 2024 Core FFO per Share is expected to be between $114 and $118[20] - The company anticipates December 31 2024 Occupancy to be between 835% and 855%[20] Portfolio and Strategy - CIO's 12 dispositions have generated $560 million of gains on sale[6,14] - The company's new leasing pipeline is over 200000 square feet as of August 1 2024[16] - The company has 48000 square feet of completed spec suites with approximately 30000 square feet under construction or planned for 2024[16]