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Dec 31, 2019
City Office Q4 2019 Earnings Report
Reported results for the quarter and full year ended December 31, 2019.
Key Takeaways
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.
GAAP net income attributable to common stockholders was 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.
AFFO was approximately $7.9 million, or $0.14 per fully diluted share.
In-place occupancy closed the quarter at 91.9%, with approximately 331,000 square feet of new and renewal leases executed during the quarter.
City Office
City Office
Forward Guidance
For full year 2020, the Company expects Core FFO in the range of $1.13 to $1.18 per diluted share based on current plans and assumptions and subject to the risks and uncertainties more fully described in the Company’s filings with the United States Securities and Exchange Commission.