City Office REIT (CIO) on Track to Complete Guided $200M in Acquisitions; Compass Point Reiterates Buy
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City Office REIT Reports Third Quarter 2015 Results
November 6, 2015 6:00 AM ESTVANCOUVER, Nov. 6, 2015 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company" or "City Office"), today announced its results for the quarter ended September 30, 2015.Â
Third Quarter Highlights
Achieved Core Funds From Operations ("Core FFO") of $5.1 million, or $0.33 per fully diluted share; Reported Adjusted Funds From Operations ("AFFO") of $4.2 million, or $0.26 per fully diluted share; Increased in-place and committed occupancy from 95.2% to 95.4% representing the sixth consecutive quarter of increases; Executed approximately 95,000 square feet of new and renewal leases during the quarter, including leases which will commence... More