secwatch.observer — SEC 8-K summary
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Issuer:     City Office REIT, Inc. (—)
CIK:        0001593222
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0001193125-24-129899
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

City Office REIT Q1 net loss $2.4M, Core FFO $0.33; updates WeWork exposure at two properties
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- Rental revenues $44.5M; GAAP net loss $2.4M ($0.06/share); Core FFO $13.5M ($0.33/share); AFFO $9.1M ($0.22/share).
- In-place occupancy 83.0% (86.0% including signed leases); executed ~191K sq ft new/renewal leases.
- Common dividend $0.10/share paid Apr 24; Series A preferred dividend $0.4140625/share paid Apr 24.
- Updated guidance for WeWork: expects to take back one floor at Terraces (Dallas) and Bloc 83 (Raleigh); no full-floor vacancies at those assets.
- Notable new leases: 29K sq ft 11-yr financial tenant at Bloc 83, 43K sq ft 10.5-yr healthcare tenant at FRP Ingenuity Drive.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593222/000119312524129899/0001193125-24-129899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593222/000119312524129899/d827440d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129899

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