Welcome to our dedicated page for City Office Reit news (Ticker: CIO), a resource for investors and traders seeking the latest updates and insights on City Office Reit stock.
City Office REIT, Inc. (NYSE: CIO) provides investors with comprehensive updates on its office property portfolio across Sun Belt growth markets. This news hub aggregates official announcements, financial disclosures, and strategic developments for this real estate investment trust focused on 18-hour cities.
Access timely updates on leasing activity, property acquisitions, and financial performance metrics including Funds from Operations (FFO). The curated news collection enables stakeholders to track CIO’s progress in markets like Dallas, Denver, and Phoenix, where it operates modern office spaces catering to diverse tenants.
Key content includes earnings releases, dividend declarations, sustainability initiatives, and market expansion updates. All materials are sourced from verified corporate communications to ensure reliability. Bookmark this page for convenient access to CIO’s latest operational milestones and regulatory filings.
City Office REIT (NYSE: CIO) has scheduled its first quarter 2025 financial results announcement for Friday, May 2, 2025, before market opening. The company will host a conference call at 11:00 am Eastern Time on the same day to discuss the results.
A supplemental financial package will be available on the company's website. Investors can participate via webcast through the Investor Relations section at www.cioreit.com or join the telephone conference using specific domestic and international dial-in numbers. The conference call replay will be accessible through July 31, 2025.
City Office REIT (NYSE: CIO) has declared its quarterly dividends for Q1 2025. The company will distribute $0.10 per share for common stock and common unit of partnership interest. Additionally, holders of the company's 6.625% Series A Cumulative Redeemable Preferred Stock will receive a quarterly dividend of $0.4140625 per share.
Both dividends will be paid on April 24, 2025, to stockholders of record as of the close of business on April 10, 2025.
City Office REIT (NYSE: CIO) reported its Q4 and full-year 2024 results. Q4 rental revenues were $41.9 million, with a GAAP net loss of $12.6 million ($0.31 per share). Core FFO was $11.7 million ($0.28 per share), while AFFO was $4.3 million ($0.10 per share).
The company's portfolio occupancy reached 85.4% (87.6% including signed leases), with approximately 205,000 square feet of new and renewal leases executed in Q4. Same Store Cash NOI increased by 3.3% compared to Q4 2023. The company achieved a 12.3% cash re-leasing spread in Q4 and 5.9% across 2024.
For 2025, CIO expects Core FFO per share of $1.10-$1.14, anticipating increased portfolio occupancy and positive Same Store Cash NOI growth. The company recently sold Superior Pointe property in Denver for $12.0 million and declared a Q4 dividend of $0.10 per common share.
City Office REIT (NYSE: CIO) has released the tax treatment details for its 2024 distributions for both common stock and 6.625% Series A Cumulative Redeemable Preferred Stock holders. For common stock, quarterly distributions were $0.100 per share, with $0.008539 classified as ordinary dividends and $0.091461 as return of capital. For Preferred Stock, quarterly distributions were $0.414063 per share, fully classified as ordinary dividends. No qualified dividends or capital gain distributions were made for either stock class. All ordinary dividend amounts qualify as Section 199A dividends.
City Office REIT (NYSE: CIO) has scheduled its fourth quarter and full year 2024 financial results release for Thursday, February 20, 2025, before market opening. The company will host a conference call at 11:00 am Eastern Time on the same day to discuss the results.
Management will provide a supplemental financial package on the company's website to support the discussion. Investors can access the webcast through the Investor Relations section at www.cioreit.com or join via telephone using specific domestic and international dial-in numbers. A replay of the call will be available through May 21, 2025, both via phone and on the company's website.
City Office REIT (NYSE: CIO) has announced significant leasing achievements at two key properties. At the Terraces property in Dallas, an existing tenant has signed a 60,000 square foot lease, extending their current 44,000 square foot space until 2036 and adding 16,000 square feet. This expansion, set to begin in early 2026, brings the property's occupancy to 95%. Additionally, at Bloc 83 in Raleigh, the commencement of a 29,000 square foot tenant lease has elevated the office component's occupancy to 98%.
City Office REIT (NYSE: CIO) has declared its dividends for Q4 2024. The company will pay a quarterly dividend of $0.10 per share of common stock and common unit of partnership interest. Additionally, a quarterly dividend of $0.4140625 per share will be paid on the 6.625% Series A Cumulative Redeemable Preferred Stock. Both dividends will be distributed on January 23, 2025, to stockholders of record as of January 9, 2025.
City Office REIT reported Q3 2024 results with rental revenues of $42.4 million and a GAAP net loss of $4.5 million ($0.11 per share). Core FFO was $11.1 million ($0.27 per share), while AFFO reached $4.8 million ($0.12 per share). The company's portfolio occupancy stood at 83.4%, or 87.0% including signed leases not yet occupied. During Q3, they executed 141,000 square feet of new and renewal leases and completed a $50.0 million term loan repayment. Same Store Cash NOI increased 0.2% for Q3 2024 compared to the previous year. The company updated its 2024 guidance, raising expectations for year-end occupancy to 85.0-86.0% and projecting Core FFO of $1.15-$1.17 per share.
City Office REIT (NYSE: CIO) has announced the release date for its third quarter 2024 financial results. The company will publish its results on Thursday, October 31, 2024, before the market opens. Following the release, City Office's management will host a conference call at 11:00 am Eastern Time to discuss the results.
Investors can access the webcast through the company's website at www.cioreit.com under the 'Investor Relations' section. For those preferring a telephone conference, domestic callers can dial 1-833-470-1428, while international participants should use 1-404-975-4839, with the passcode 102833. A replay of the call will be available until January 29, 2025, accessible via phone or the company's website.
City Office REIT (NYSE: CIO) has announced its dividend distributions for the third quarter of 2024. The company's Board of Directors has authorized a quarterly dividend of $0.10 per share for common stock and common unit of partnership interest. Additionally, a regular quarterly dividend of $0.4140625 per share has been declared for the company's 6.625% Series A Cumulative Redeemable Preferred Stock. Both dividends are scheduled to be paid on October 24, 2024, with a record date of October 10, 2024 for all stockholders, preferred stockholders, and operating partnership unitholders.
