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Stock impact report

City Office REIT Reports Second Quarter 2024 Results [Yahoo! Finance]

City Office REIT, Inc. (CIO) 
NASDAQ:AMEX Investor Relations: cityofficereit.com
Company Research Source: Yahoo! Finance
Second Quarter Highlights Rental and other revenues were $42.3 million . GAAP net loss attributable to common stockholders was approximately $5.6 million , or per fully diluted share; Core FFO was approximately $11.5 million , or per fully diluted share; AFFO was approximately $5.3 million , or per fully diluted share; In-place occupancy was 83.0% as of quarter end, or 87.3% including signed leases not yet occupied; Renewal cash rents increased 4.3% as compared to expiring cash rents; Executed approximately 269,000 square feet of new and renewal leases during the quarter; Completed loan renewals on two property loans, extending maturities by two and five years, respectively; Declared a second quarter dividend of per share of common stock, paid on July 24, 2024 ; and Declared a second quarter dividend of per share of Series A Preferred Stock, paid on July 24, 2024 "We have continued to advance the execution of our strategic goals during the second quarter," comment Show less Read more
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