City Office REIT (CIO) Misses Q4 EPS by 8c

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Go back to City Office REIT (CIO) Misses Q4 EPS by 8c

City Office REIT Reports Fourth Quarter and Full Year 2015 Results

March 3, 2016 6:00 AM EST

VANCOUVER, March 3, 2016 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter and full year ended December 31, 2015. 

Fourth Quarter Highlights

Achieved Core Funds From Operations ("Core FFO") of $5.9 million, or $0.37 per fully diluted share; Reported Adjusted Funds From Operations ("AFFO") of $4.5 million, or $0.28 per fully diluted share; Achieved same store net operating income ("NOI") growth of 12.7% versus the fourth quarter last year; In-place occupancy closed the quarter at 94.8%; Executed approximately... More