City Office REIT (CIO) Reports In-Line Q3 EPS

City Office REIT (NYSE: CIO) reported Q3 EPS of ($0.07), in-line with the analyst estimate of ($0.07).

“The events of the quarter and subsequent to quarter end have been highly impactful for City Office. With the recent common stock offerings, we have positioned ourselves with significant capital to fund our pipeline and continue our growth in thriving 18-hour cities,” commented James Farrar, the Company’s Chief Executive Officer.

“In combination with the ATM and equity offering, the various debt-related transactions enhanced our balance sheet and continued our pattern of locking in long-term, fixed-rate debt at attractive rates. Our focus into the end of the year is to continue the strong operating trends at our properties and to prudently deploy our growth capital.”

For earnings history and earnings-related data on City Office REIT (CIO) click here.

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