City Office REIT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 06:27 am EDT
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City Office REIT, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 44.6 million compared to USD 45.5 million a year ago. Net loss was USD 0.68 million compared to net income of USD 2.9 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the six months, sales was USD 90.56 million compared to USD 90.35 million a year ago. Net income was USD 0.024 million compared to USD 27.42 million a year ago. Basic loss per share from continuing operations was USD 0.09 compared to basic earnings per share from continuing operations of USD 0.54 a year ago. Diluted loss per share from continuing operations was USD 0.09 compared to diluted earnings per share from continuing operations of USD 0.53 a year ago.
City Office REIT, Inc. is an internally managed real estate company. The Company is focused on acquiring, owning and operating office properties located predominantly in the Sun Belt markets. The Company owns about 24 properties comprised of 58 office buildings with a total of approximately 5.7 million square feet of net rentable area (NRA) in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle and Tampa. The Company's properties include The Terraces, 2525 McKinnon, Block 23, Pima Center, Canyon Park, Mission City, AmberGlen, Cascade Station, Bloc 83, Greenwood Blvd, Central Fairwinds, Florida Research Park, Denver Tech, Circle Point, Superior Pointe, Carillon Point, Intellicenter, City Center, Park Tower, Papago Tech, The Quad, Camelback Square, 5090 N 40th St, and SanTan among others.
CITY OFFICE REIT, INC. 
