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) faces a shareholder challenge from Oksenholt Capital, which objects to a proposed take‑private merger with affiliates of Elliott Capital and calls for new independent directors and US‑based senior management.
Oksenholt highlights a share price decline from $21.24 (2022 high) to $5.57 (July 23, 2025), estimates a market cap loss of ~$626.8M, cites CEO James Farrar’s $2,326,635 2024 compensation, and proposes a restructuring plan targeting $2–7M annual cost savings and an initial $0.90 EPS gain from cuts.
City Office REIT (NYSE:CIO) has declared a quarterly dividend of $0.4140625 per share on its 6.625% Series A Cumulative Redeemable Preferred Stock. The dividend will be paid on October 24, 2025, to stockholders of record as of October 10, 2025.
The company has also reiterated that it has suspended future quarterly common stock dividends pending the completion of its proposed merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC.
City Office REIT (NYSE:CIO) has completed the first phase of its Phoenix portfolio sale, generating $266 million in gross proceeds from the sale of six properties. The transaction represents a significant step in the company's strategic divestment plan.
The remaining Phoenix property, Pima Center, valued at $30 million, is still under contract and awaiting ground lease approvals. This sale fulfills a key condition in the merger agreement dated July 23, 2025, between City Office and MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC.
City Office REIT (NYSE:CIO) announced its Q2 2025 results alongside a major merger agreement with MCME Carell. The company reported Q2 rental revenues of $42.3 million and a GAAP net loss of $107.2 million ($2.66 per share). Core FFO was $11.8 million ($0.28 per share).
The highlight was a definitive merger agreement where MCME Carell will acquire CIO for $7.00 per share in cash, representing a 26% premium to the last trading price. The transaction is valued at approximately $1.1 billion. Additionally, CIO entered an agreement to sell its Phoenix portfolio for $296.0 million.
The company's portfolio maintained 82.5% occupancy (86.8% including signed leases) and executed 355,000 square feet of new and renewal leases. The Board suspended future quarterly common stock dividends pending the merger closure.
City Office REIT (NYSE: CIO) has entered into a definitive merger agreement with MCME Carell Holdings to be acquired for $7.00 per share in an all-cash transaction valued at approximately $1.1 billion, including debt assumption and preferred stock redemption.
The transaction price represents a 26% premium to CIO's last closing price and a 39% premium to its 90-day volume-weighted average price. Holders of the company's 6.625% Series A Preferred Stock will receive $25.00 per share plus accrued distributions.
The deal, unanimously approved by CIO's Board of Directors, is expected to close in Q4 2025. Upon completion, CIO will become private and delist from NYSE. The company has suspended future quarterly common stock dividends until closing.
City Office REIT (NYSE:CIO) has scheduled its second quarter 2025 financial results release and conference call. The company will release Q2 2025 results on Thursday, July 31, 2025, before market open.
Management 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. The conference call will be accessible via webcast and telephone, with replay available through October 29, 2025.
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.
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