City Office REIT (CIO) Tops Q3 FFO by 2c

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City Office REIT Reports Third Quarter 2016 Results

November 7, 2016 6:00 AM EST

VANCOUVER, Nov. 7, 2016 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter ended September 30, 2016.

Third Quarter Highlights

GAAP net loss attributable to the stockholders was $1.9 million, or ($0.08) per fully diluted share, Core FFO was $6.6 million, or $0.27 per fully diluted share, and AFFO was $4.6 million, or $0.19 per fully diluted share; Entered into a conditional agreement to sell the Washington Group Plaza property for a gross sales price of $86.5 million, before customary closing and transaction costs and subject to... More