City Office REIT: Q4 Earnings Snapshot

Associated Press Finance

02-20

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — City Office REIT Inc. (CIO) on Thursday reported a key measure of profitability in its fourth quarter.

The Vancouver, British Columbia-based real estate investment trust said it had funds from operations of $11.7 million, or 28 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $12.6 million, or 31 cents per share.

The real estate investment trust, based in Vancouver, British Columbia, posted revenue of $41.9 million in the period.

City Office REIT expects full-year funds from operations in the range of $1.10 to $1.14 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIO at https://www.zacks.com/ap/CIO

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(CIO) on Thursday reported a key measure of profitability in its fourth quarter.</p>\n<p>The Vancouver, British Columbia-based real estate investment trust said it had funds from operations of $11.7 million, or 28 cents per share, in the period.</p>\n<p>Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.</p>\n<p>The company said it had a loss of $12.6 million, or 31 cents per share.</p>\n<p>The real estate investment trust, based in Vancouver, British Columbia, posted revenue of $41.9 million in the period.</p>\n<p>City Office REIT expects full-year funds from operations in the range of $1.10 to $1.14 per share.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(CIO) on Thursday reported a key measure of profitability in its fourth quarter.\nThe Vancouver, British Columbia-based real estate investment trust said it had funds from operations of $11.7 million, or 28 cents per share, in the period.\nFunds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.\nThe company said it had a loss of $12.6 million, or 31 cents per share.\nThe real estate investment trust, based in Vancouver, British Columbia, posted revenue of $41.9 million in the period.\nCity Office REIT expects full-year funds from operations in the range of $1.10 to $1.14 per share.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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