City Office REIT (CIO) Misses Q1 EPS by 1c

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Go back to City Office REIT (CIO) Misses Q1 EPS by 1c

City Office REIT Announces First Quarter 2015 Results

May 8, 2015 6:00 AM EDT

VANCOUVER, May 8, 2015 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter ended March 31, 2015.

First Quarter Highlights

Achieved Core Funds From Operations ("Core FFO") of $4.0 million, or $0.26 per fully diluted share; Reported Adjusted Funds From Operations ("AFFO") of $3.4 million, or $0.21 per fully diluted share; Closed the Logan Tower acquisition in Denver, Colorado, a 69,968 square foot office property, for $10.5 million; City Office's 2.4 million square feet of net rentable space was 93.7% leased at March 31, 2015;... More