City Office REIT: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:03 AM ET
Last Updated - Aug 01, 2024, 10:03 AM EDT
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — City Office REIT Inc. (CIO) on Thursday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Vancouver, British Columbia, said it had funds from operations of $11.5 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 $5.6 million, or 14 cents per share.
