City Office REIT (CIO) Tops Q2 EPS by 33c

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Go back to City Office REIT (CIO) Tops Q2 EPS by 33c

City Office REIT Reports Second Quarter 2016 Results

August 4, 2016 6:01 AM EDT

VANCOUVER, Aug. 4, 2016 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter ended June 30, 2016.

Second Quarter Highlights

GAAP Net Income Attributable to the Company was $11.5 million, or $0.48 per fully diluted share; Core Funds From Operations ("Core FFO") was $5.3 million, or $0.22 per fully diluted share.  Adjusted Funds From Operations ("AFFO") was $3.1 million, or $0.13 per fully diluted share; Raised total gross proceeds of $91.8 million in a public follow-on offering of 8,050,000 shares of common stock,... More