City Office REIT(US:CIO)2022-05-05 16:13Company Overview - City Office REIT owns a diversified portfolio of premier office properties across the South and West [5] - The portfolio consists of 61 buildings with 6,153,000 square feet of net rentable area [5] - The in-place occupancy rate is 85.7% with a lease term remaining of 50 years [5] Financial Performance and Outlook - Core FFO per share for Q1 2022 was $040, the highest in the Company's history [16] - AFFO per share for Q1 2022 was $019 [16] - The company expects Net Operating Income between $113 million and $115 million for full year 2022 [16] - The company expects Core FFO per Share between $156 and $160 for full year 2022 [16] Portfolio and Recent Acquisitions - Recently acquired properties worth $614 million in Raleigh, Phoenix and Dallas [12] - Bloc 83 in Raleigh was acquired for $330 million with 495,000 square feet and is 81% leased [12] - Block 23 in Phoenix was acquired for $150 million with 307,000 square feet and is 94% leased [13] Capital Recycling - Over $570 million of gains generated to date from capital recycling [15, 23]