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Dec 31, 2023
City Office Q4 2023 Earnings Report
City Office reported results for the fourth quarter and full year 2023, with positive leasing activity and Core FFO per share within initial guidance.
Key Takeaways
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.
Rental and other revenues reached $44.3 million.
GAAP net loss attributable to common stockholders was $4.5 million, or ($0.11) per share.
Core FFO amounted to $13.5 million, or $0.33 per share.
The portfolio was 84.5% occupied as of quarter end.
City Office
City Office
Forward Guidance
For 2024, the Company expects Core FFO per fully diluted share to be in the range of $1.18 to $1.22.