)
Visual24 Oct 2025
The rise of Alphabet
City Office REIT (CIO) investor relations material
City Office REIT Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary31 Jul, 2025
Executive summary
Entered into a definitive merger agreement on July 23, 2025, for acquisition at $7.00 per share, a 26% premium to the prior closing price, pending shareholder approval and customary conditions.
Announced sale of the Phoenix Portfolio for $296 million, with $102.2 million impairment recognized to reflect fair value less cost to sell.
Portfolio as of June 30, 2025: 22 properties, 54 office buildings, 5.4 million sq. ft., 82.5% leased, or 86.8% including signed leases not yet occupied.
Executed 355,000 sq. ft. of new and renewal leases in Q2 2025.
Core FFO was $11.8 million ($0.28 per share), and AFFO was $3.0 million ($0.07 per share).
Financial highlights
Net loss attributable to common stockholders was $107.2 million for Q2 2025, compared to $5.6 million loss in Q2 2024.
Rental and other revenues were $42.3 million for Q2 2025, flat year-over-year; six-month revenue was $84.6 million, down 3% from prior year.
Impairment of real estate of $102.2 million in Q2 2025 due to Phoenix Portfolio write-down; no impairment in prior year.
Same Store Cash NOI increased 1.8% year-over-year for Q2 2025.
Property operating expenses decreased 7% year-over-year to $16.3 million for Q2 2025.
Outlook and guidance
Merger and Phoenix Portfolio sale are subject to closing conditions, including shareholder and third-party approvals.
No further guidance will be provided due to the pending merger.
Future quarterly common stock dividends suspended through the expected close of the merger; preferred dividends continue.
Management expects to pursue a 12-month extension of the Unsecured Credit Facility maturing in November 2025.
Ongoing focus on Sun Belt office markets, with continued evaluation of strategic opportunities.
Explain rationale for suspending common stock dividends.
Detail the amendments to the Phoenix Sale Agreement.
What are the key terms of the Greenwood Blvd loan?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next City Office REIT earnings date
Q3 20256 Nov, 2025
Next City Office REIT earnings date
Q3 20256 Nov, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
City Office REIT, Inc. invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. The company's investment strategy focuses on the acquisition of stabilized office properties concentrated in the top submarkets of major metropolitan areas throughout the United States. City Office REIT Inc. is a self-administered and self-managed diversified real estate investment trust that owns one of the largest portfolios of geographically diverse commercial property assets across Sunbelt states and Southwestern United States. It owns office buildings that are fully leased to a wide range of credit tenants across 21 market areas in Houston, Dallas, San Antonio, Phoenix, Los Angeles, San Diego, San Francisco, Orange County, Columbus, Charlotte, Miami and Washington DC metro areas.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage