City Office REIT (CIO) Tops Q4 EPS by 2c, Revenues Miss

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City Office REIT Reports Fourth Quarter and Full Year 2020 Results

February 25, 2021 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 and full year ended December 31, 2020.

Fourth Quarter Highlights

Rental and other revenues were $39.8 million. GAAP net loss attributable to common stockholders was approximately $1.5 million, or $(0.03) per fully diluted share; Core FFO was approximately $14.1 million, or $0.32 per fully diluted share; AFFO was approximately $7.5 million, or $0.17 per fully diluted share; To date, collected over 99% of fourth quarter contractual base rent; Same Store... More