City Office REIT (CIO) Tops Q1 EPS by $1.11

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Go back to City Office REIT (CIO) Tops Q1 EPS by $1.11

City Office REIT Reports First Quarter 2021 Results

May 7, 2021 6:00 AM EDT

VANCOUVER--(BUSINESS WIRE)-- City Office REIT, Inc. (NYSE: CIO) (the Company, City Office, we or our) today announced its results for the quarter ended March 31, 2021.

First Quarter Highlights

Rental and other revenues were $39.5 million. GAAP net income attributable to common stockholders was approximately $47.0 million, or $1.07 per fully diluted share; Core FFO was approximately $14.5 million, or $0.33 per fully diluted share; AFFO was approximately $11.2 million, or $0.26 per fully diluted share; Collected over 99% of first quarter contractual base rent; Same Store Cash NOI increased 5.0% in the first quarter as... More