earnings
confidence high
sentiment negative
materiality 0.80
City Office REIT Q2 net loss $107.2M; signs $296M Phoenix portfolio sale; pending $7.00/share merger
City Office REIT, Inc.
2025-Q2 EPS reported
-$2.75
revenue$84,602,000
- GAAP net loss $107.2M ($2.66/sh); Core FFO $11.8M ($0.28/sh); AFFO $3.0M ($0.07/sh).
- Rental revenue $42.3M; in-place occupancy 82.5%; executed 355K sq ft of leases.
- Same Store Cash NOI up 1.8% vs Q2 2024; quarterly dividend $0.10/sh declared.
- Post-quarter, entered agreement to sell Phoenix portfolio for $296.0M.
- Pending merger with MCME Carell for $7.00/sh cash, valued ~$1.1B including debt and preferred redemption.
item 2.02item 9.01