City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2024
May 03, 2024 at 06:00 am EDT
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City Office REIT, Inc. revised earnings guidance for the full year 2024. For the period, the company expected net operating income to be in the range of $101.5 million to $103.5 million compared to previous guidance of $103.5 million to $105.5 million. December 31, 2024 occupancy to be in the range of 83.5% to 85.5% compared to previous guidance of 84.5% to 86.5%.
The company expected net loss attributable to common stockholders to be in the range of $16,900,000 to $16,150,000.
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. 
