City Office REIT, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 06:16 am EST
Share
City Office REIT, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 45.52 million compared to USD 44.89 million a year ago. Net income was USD 1.99 million compared to USD 0.866 million a year ago.
For the nine months, sales was USD 135.87 million compared to USD 124.37 million a year ago. Net income was USD 29.41 million compared to USD 51.35 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 1.04 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. 
