City Office REIT, Inc. (CIO) reported first-quarter FFO attributable to common stockholders of $12.47 million or $0.30 per share. Core FFO was approximately $13.5 million, or $0.33 per share. AFFO was approximately $9.1 million, or $0.22 per share, for the quarter.
Net loss attributable to common stockholders was $2.4 million compared to a loss of $1.15 million, last year. Net loss per share was $0.06 compared to a loss of $0.03.
Analysts polled by Thomson Reuters expected the company to report a loss per share of $0.13, for the quarter. Analysts' estimates typically exclude special items.
Rental and other revenues declined to $44.49 million from $45.96 million, previous year. Analysts on average had estimated $43.35 million in revenue.
For full year 2024, the company expects core FFO per common share in a range of $1.14 to $1.18. Previous guidance was a range of $1.18 to $1.22.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.