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Stock impact report

City Office REIT Reports Second Quarter 2018 Results

City Office REIT, Inc. (CIO) 
NASDAQ:AMEX Investor Relations: cityofficereit.com
Company Research Source: PR Newswire
VANCOUVER, Aug. 2, 2018 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter ended June 30, 2018. Second Quarter HighlightsGAAP net loss attributable to common stockholders was approximately $2.7 million, or ($0.07) per fully diluted share; Core FFO was approximately $9.3 million, or $0.26 per fully diluted share; AFFO was approximately $7.1 million, or $0.19 per fully diluted share; In-place occupancy closed the quarter at 89.6%; the Company executed approximately 140,000 square feet of new and renewal leases during the quarter;     Acquired Pima Center in Phoenix, Arizona for $56.5 million; Same Store NOI increased 3.2% and Same Store Cash NOI decreased 3.1% as compared to the second quarter 2017; Declared a second quarter dividend of $0.235 per share of common stock, paid on July 25, 2018; and Declared a second quarter dividend of $0.4140625 per share of Series A Preferred Stock, paid on July 25, 2018.Highl Show less Read more
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