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Mar 31, 2022
City Office Q1 2022 Earnings Report
First quarter results were reported with a net income of $22.7 million and revenue of $44.9 million.
Key Takeaways
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.
Rental and other revenues were $44.9 million.
GAAP net income attributable to common stockholders was approximately $22.7 million, or $0.51 per fully diluted share.
Core FFO was approximately $17.6 million, or $0.40 per fully diluted share.
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
City Office
Forward Guidance
Following City Office’s performance for the first quarter of 2022, the Company is reiterating the components of full year 2022 guidance provided in the Company’s fourth quarter 2021 earnings report.