CIO
City Office REIT, Inc.6.95
+0.00+0%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
280.53MP/E (TTM)
-Basic EPS (TTM)
-3.21Dividend Yield
0.04%Recent Filings
8-K
Merger closes at $7/share
City Office REIT completed its merger with MCME Carell Merger Sub on January 9, 2026, converting common shares to $7.00 cash and redeeming Series A preferred at $25.00 plus accrued distributions. The credit agreement was fully repaid and terminated. Common stock delisted from NYSE. MCME Carell eyes office sector recovery.
8-K
Preferred stock redemption notices sent
City Office REIT sent redemption notices on December 4, 2025, for all its 6.625% Series A Preferred Stock, set for January 9, 2026, at $25.00 per share plus accrued distributions. This clears the way for its pending merger with MCME Carell Holdings, per the July 23, 2025 agreement. Redemption precedes closing. Risks include merger delays from unmet conditions.
10-Q
Q3 FY2025 results
City Office REIT posted Q3 revenue of $37.3M, down 12% y/y from $42.4M after selling six Phoenix properties for $266M in August, yet NOI held at $21.7M (down 12% y/y). Operating income slipped to $4.2M from $6.2M y/y, with EPS steady at -$0.14 on 40.4M shares; YTD net loss of $110.6M reflected $102.2M Phoenix impairment plus $3.1M merger costs, versus operating loss of $85.2M—delta to interest expense. Debt dropped to $398M from $647M, Credit Facility at $115M (matures Jan 2026); cash at $21.3M, OCF $38.7M YTD, FCF not disclosed in the 10-Q. Merger approved October 16 for $7/share cash. Intellicenter loan defaulted October 1.
8-K
Stockholders approve $7/share merger
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