City Office Earnings Reports

City Office REIT experienced a substantial net loss of $105.309 million in Q2 2025, largely driven by a $102.229 million impairment of real estate related to the classification of the Phoenix Portfolio as held for sale. Despite this, the company saw positive Same Store Cash NOI growth and active leasing, with total leasing activity reaching 355,000 square feet. The company also declared common and preferred stock dividends for the quarter but announced the suspension of future common stock dividends due to a pending merger.

City Office REIT reported first-quarter 2025 results with rental and other revenues of $42.3 million and a GAAP net loss attributable to common stockholders of $3.5 million, or ($0.09) per fully diluted share. Core FFO was $12.3 million, or $0.30 per fully diluted share, and AFFO was $6.5 million, or $0.16 per fully diluted share. The company saw a 4.4% increase in Same Store Cash NOI compared to the first quarter of 2024 and maintained an in-place occupancy of 84.9%.

City Office REIT reported rental and other revenues of $41.9 million. The company's portfolio occupancy increased to 85.4%, with a 3.3% increase in Same Store Cash NOI compared to the fourth quarter of the previous year. A dividend of $0.10 per share of common stock was declared.

City Office REIT reported rental and other revenues of $42.4 million. The company's portfolio was 83.4% occupied, or 87.0% including signed leases not yet occupied. They executed approximately 141,000 square feet of new and renewal leases during the quarter.

City Office REIT reported a decrease in rental and other revenues to $42.3 million. The company experienced a net loss of $5.6 million, or ($0.14) per share. However, they achieved strong leasing activity and successfully renewed key property loans.

City Office REIT reported rental and other revenues of $44.5 million for Q1 2024. The company experienced a GAAP net loss of $2.4 million, or ($0.06) per share, but achieved a Core FFO of $13.5 million, or $0.33 per share, and an AFFO of $9.1 million, or $0.22 per share. Leasing activity included 191,000 square feet of new and renewal leases.

City Office REIT reported rental and other revenues of $44.3 million for Q4 2023. The company experienced a GAAP net loss of $4.5 million, or ($0.11) per share. Core FFO was $13.5 million, or $0.33 per share, and AFFO was $9.3 million, or $0.23 per share. In-place occupancy was 84.5% at quarter end.

City Office REIT reported a decrease in rental and other revenues to $44.2 million. The company experienced a GAAP net loss of $1.9 million, or ($0.05) per share. Core FFO was $13.7 million, or $0.34 per share, and AFFO was $6.3 million, or $0.15 per share. Same Store Cash NOI increased by 2.2% compared to the same quarter last year.

City Office REIT reported second quarter results with a focus on premium properties in Sun Belt cities. Operationally, the company completed 224,000 square feet of leasing and achieved a 7.5% Same Store Cash NOI growth rate. The company narrowed its 2023 guidance ranges based on expectations for the balance of the year.

City Office REIT reported rental and other revenues of $46.0 million for the first quarter of 2023. GAAP net loss attributable to common stockholders was approximately $1.2 million, or ($0.03) per fully diluted share. Core FFO was approximately $15.0 million, or $0.37 per fully diluted share, and AFFO was approximately $8.2 million, or $0.20 per fully diluted share. Same Store Cash NOI increased 3.0% as compared to the first quarter of 2022.

City Office REIT reported Q4 2022 rental and other revenues of $44.6 million. However, the company experienced a GAAP net loss attributable to common stockholders of approximately $14.3 million, or ($0.36) per fully diluted share, impacted by a $13.4 million impairment of real estate. Core FFO was $15.4 million, or $0.38 per fully diluted share, and AFFO was $5.0 million, or $0.12 per fully diluted share.

City Office REIT reported rental and other revenues of $45.5 million. GAAP net income attributable to common stockholders was approximately $0.1 million, or $0.00 per fully diluted share. Core FFO was approximately $16.5 million, or $0.39 per fully diluted share and AFFO was approximately $7.7 million, or $0.18 per fully diluted share.

City Office REIT reported rental and other revenues of $45.5 million and a GAAP net income attributable to common stockholders of approximately $1.0 million, or $0.02 per fully diluted share for the second quarter of 2022. The company closed the disposition of the Lake Vista Pointe property in Dallas, Texas for a gross sales price of $43.8 million, generating a gain on sale of $21.7 million.

City Office REIT reported first quarter results with rental and other revenues of $44.9 million and a net income attributable to common stockholders of $22.7 million, or $0.51 per fully diluted share. The company entered into an agreement to sell the Lake Vista Pointe property in Dallas, Texas for a gross sale price of $43.8 million.

City Office REIT reported rental and other revenues of $39.7 million and GAAP net income attributable to common stockholders of approximately $431.2 million, or $9.76 per fully diluted share for Q4 2021. The company closed the disposition of the Sorrento Mesa portfolio in San Diego for $576.0 million and completed the acquisition of $613.5 million of premier office properties.

City Office REIT reported rental and other revenues of $44.9 million for the third quarter of 2021. The company entered into agreements to sell its life science portfolio in San Diego for $576.0 million. Same Store Cash NOI increased 1.4% compared to the third quarter of 2020.

City Office REIT reported rental and other revenues of $40.0 million for the second quarter. Core FFO was approximately $15.3 million, or $0.35 per fully diluted share. The company acquired two properties in San Diego, California for $43.3 million.

City Office REIT reported a strong first quarter with rental revenue of $39.5 million and a net income of $47.0 million. The company executed strategic capital allocation, including the sale of the Cherry Creek property, and saw a 5.0% increase in Same Store Cash NOI. They also completed 208,000 square feet of new and renewal leases.

City Office REIT reported rental and other revenues of $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.

City Office REIT reported a GAAP net income of $1.0 million, or $0.02 per share, and collected over 99% of contractual base rent. Core FFO was $15.3 million, or $0.35 per share, and AFFO was $9.9 million, or $0.22 per share.

City Office REIT reported a GAAP net loss attributable to common stockholders of 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, and AFFO was approximately $6.6 million, or $0.14 per fully diluted share. The company collected over 99% of second quarter contractual base rent and Same Store Cash NOI increased 2.3% as compared to the second quarter of 2019.

City Office REIT reported a GAAP net loss attributable to common stockholders of approximately $1.0 million, or ($0.02) per fully diluted share for the first quarter of 2020. Despite the uncertain operating environment, Same Store Cash NOI increased by 4.1% compared to the first quarter of 2019, and in-place occupancy closed the quarter at 92.2%.

City Office REIT reported GAAP net income attributable to common stockholders of approximately $1.0 million, or $0.02 per fully diluted share. Core FFO was approximately $13.4 million, or $0.25 per fully diluted share, and AFFO was approximately $7.9 million, or $0.14 per fully diluted share.