City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this real estate investment trust would post FFO of $0.33 per share when it actually produced FFO of $0.34, delivering a surprise of 3.03%. Over the last four quarters, the company has surpassed consensus FFO estimates two times. City ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file no: 001-36409 CITY OFFICE REIT, INC. Maryland 98-1141883 (State or other jurisdiction (IRS Employer of incorporation or organization) Identifica ...

Exhibit 99.1 City Office REIT Reports Fourth Quarter and Full Year 2023 Results VANCOUVER— February 22, 2024 —City Office REIT, Inc. (NYSE: CIO) (the “Company,” “City Office,” “we” or “our”) today announced its results for the quarter and full year ended December 31, 2023. Fourth Quarter Highlights • Rental and other revenues were $44.3 million. GAAP net loss attributable to common stockholders was approximately $4.5 million, or ($0.11) per fully diluted share; • Core FFO was approximately $13.5 million, or ...

VANCOUVER, Jan. 26, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2023 distributions to holders of the Company's common stock and 6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock"). The tax information provided below should not be construed as tax advice and shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of the Company's distributions. This information is being provid ...

City Office REIT概况 - City Office REIT自2022年以来股价持续下跌，但可能为收购高度困境资产提供了机会[2] - City Office REIT拥有多元化的办公楼物业组合，主要集中在美国的Sun Belt市场[5] - City Office REIT在2023财年第三季度实现了4420万美元的营收，但净利润为负[6] - City Office REIT的核心FFO为1370万美元，每股约为0.34美元，覆盖了股息[8] - City Office REIT的租约到期时间分布合理，有足够时间执行新租约[15] - City Office REIT需要进一步处置资产，尽管拥有价值3.3亿美元的无担保物业[17]

财务数据和关键指标变化 - 第三季度净运营收入为2660万美元,较上一季度减少80万美元,主要是由于190 Office Center在第二季度被取消合并,以及季度内占用率略有下降和运营成本上升 [24] - 第三季度核心FFO为1370万美元或每股0.34美元,较上一季度减少50万美元,主要原因与净运营收入变化一致 [24] - 第三季度AFFO为630万美元或每股0.15美元,主要受到一项3700万平方英尺租户的1.5百万美元装修费用的影响 [25] 各条业务线数据和关键指标变化 - 第三季度同店现金NOI同比增长2.2%或500万美元,主要由于Raleigh的Block 83和坦帕的Park Tower的占用率略有上升以及去年同期存在租金优惠 [26] - 2023年全年同店现金NOI预计增长3%至4% [26] 各个市场数据和关键指标变化 - 波特兰的Cascade Station资产仍然是一个挑战市场,公司已经开始与贷款人进行讨论,如果无法获得重大贷款让步,很难再投入更多股权 [28] 公司战略和发展方向及行业竞争 - 公司认为新建成的高品质办公楼将继续主导租赁,尽管占整个办公楼存量的比例较小,但租赁需求集中在这一细分市场 [10][11] - 由于行业不确定性和资本缺乏,未来新开发项目将大幅减少,这将导致高端办公楼供给减少,租金上涨和运营基本面强劲 [11] - 公司最近三个收购的资产都是高端物业,位置优越,配套设施领先,非常适合当前的租赁市场 [12] - 公司正在投资翻新和装修一些优质但略低于顶级的资产,以满足租户对优质空间的需求 [14][15][16] 管理层对经营环境和未来前景的评论 - 管理层预计2024年宏观环境仍将充满挑战,利率高位运行和经济疲软,但认为某些细分市场的办公楼将表现良好 [9] - 管理层认为WeWork在公司最优质的资产上的表现良好,即使他们退出也有其他合作办公运营商和传统租户的强烈兴趣 [33][34][35] - 管理层对公司的优质资产和专注于创造价值的策略表示乐观,相信将为股东带来长期回报 [23] 问答环节重要的提问和回答 问题1 **Robert Stevenson 提问** 公司如何应对WeWork破产重组?[32] **James Farrar 回答** WeWork正试图从所有房东那里获得让步,公司认为WeWork是优秀的运营商,即使他们退出也有其他合作办公运营商和传统租户的兴趣,公司已做好各种应对准备 [33][34][35] 问题2 **Barry Oxford 提问** 公司是否仍在寻找收购和改造机会?[54] **James Farrar 回答** 公司一直在积极寻找机会,但目前市场上还没有太多被迫出售的资产,因为贷款人还在配合业主,2024年可能会出现更多机会 [55] 问题3 **William Crow 提问** 公司预计这种顶级物业被迫进入次级物业的过程需要多长时间?[76] **James Farrar 回答** 过去两年的吸纳量都集中在顶级物业,这些物业正在快速被租赁,加上新开发项目大幅减少,这一趋势在2024年将开始惠及优质但略低于顶级的物业 [77][78][79]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36409 CITY OFFICE REIT, INC. (Exact name of registrant as specified in its charter) Maryland 98-1141883 (State or other jur ...

City Office REIT, Inc. (NYSE:CIO) Q2 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Anthony Maretic - CFO, Secretary & Treasurer James Farrar - CEO & Director Conference Call Participants Robert Stevenson - Janney Montgomery Scott Barry Oxford - Colliers Securities Craig Kucera - B. Riley Securities William Crow - CIMB Research Operator Good morning, and welcome to the City Office REIT, Inc. Second Quarter 2023 Earnings Conference Call. [Operator Instructions]. It is now my pl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36409 CITY OFFICE REIT, INC. (Exact name of registrant as specified in its charter) Maryland 98-1141883 (State or other jurisdic ...

City Office REIT, Inc. (NYSE:CIO) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Tony Maretic - CFO, Treasurer & Corporate Secretary Jamie Farrar - CEO Conference Call Participants Rob Stevenson - Janney Barry Oxford - Colliers Craig Kucera - B. Riley Operator Good morning, and welcome to the City Office REIT, Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. A brief question-and-answer session will follow the formal pres ...