City Office REIT (CIO) Misses Q4 EPS by 1c

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Go back to City Office REIT (CIO) Misses Q4 EPS by 1c

City Office REIT Announces Fourth Quarter 2014 Results

March 5, 2015 6:00 AM EST

VANCOUVER, March 5, 2015 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company"), today announced its results for the quarter and full year ended December 31, 2014.

Fourth Quarter Highlights

Achieved Core Funds From Operations ("Core FFO") of $3.3 million, or $0.26 per fully diluted share; Reported Adjusted Funds From Operations ("AFFO") of $2.9 million or $0.23 per fully diluted share; Closed the Florida Research Park acquisition in Orlando, Florida, a 124,500 square foot office property for $26.5 million; City Office's 2.3 million square feet of net rentable space was 94.1% leased at December 31, 2014,... More