City Office REIT Reports Second Quarter 2020 Results

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City Office REIT (CIO) Reports In-Line Q2 EPS

August 6, 2020 9:12 AM EDT

City Office REIT (NYSE: CIO) reported Q2 EPS of ($0.03), in-line with the analyst estimate of ($0.03). Revenue for the quarter came in at $39.62 million versus the consensus estimate of $39.61 million.

Second Quarter Highlights

GAAP net loss attributable to common stockholders was approximately $1.4 million, or ($0.03) per fully diluted share;Core FFO was approximately $14.1 million, or $0.29 per fully diluted share;AFFO was approximately $6.6 million, or $0.14 per fully diluted share;To date, collected over 99% of second quarter contractual base rent;Same Store Cash NOI... More