City Office REIT (CIO) Tops Q3 EPS by 4c, Revenues Beat

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City Office REIT Reports Third Quarter 2020 Results

November 5, 2020 6:00 AM EST

VANCOUVER--(BUSINESS WIRE)-- City Office REIT, Inc. (NYSE: CIO) (the Company, City Office, we or our) today announced its results for the quarter ended September 30, 2020.

Third Quarter Highlights

GAAP net income attributable to common stockholders was approximately $1.0 million, or $0.02 per fully diluted share; Core FFO was approximately $15.3 million, or $0.35 per fully diluted share; AFFO was approximately $9.9 million, or $0.22 per fully diluted share; To date, collected over 99% of third quarter contractual base rent; Same Store Cash NOI decreased 1.9% as compared to the third quarter of 2019; In-place... More