NYSE$CIO
City Office REIT Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported results for the quarter ended March 31, 2023.
City Office REIT reported rental and other revenues of $46.0 million for the first quarter of 2023. GAAP net loss attributable to common stockholders was approximately $1.2 million, or ($0.03) per fully diluted share. Core FFO was approximately $15.0 million, or $0.37 per fully diluted share, and AFFO was approximately $8.2 million, or $0.20 per fully diluted share. Same Store Cash NOI increased 3.0% as compared to the first quarter of 2022.
- Rental and other revenues were $46.0 million.
- GAAP net loss attributable to common stockholders was approximately $1.2 million, or ($0.03) per fully diluted share.
- Core FFO was approximately $15.0 million, or $0.37 per fully diluted share.
- Same Store Cash NOI increased 3.0% as compared to the first quarter of 2022.
Headline financials
Revenue & EPS history
City Office · Revenue · Quarterly
$46M
Forward guidance
Following City Office’s performance for the first quarter of 2023, the Company is reiterating the components of full year 2023 guidance provided in the Company’s fourth quarter 2022 earnings report.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
-1.4%
Avg return
Earnings day
-3.9%
Avg return
5 days after
+0.4%
Avg return
30 days after
35%
15 / 43 earnings
Positive
+12.0%
Q1 2020
Best reaction
-13.1%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q3 2025 | +0.0% | +0.3% | +0.4% | |
| Q2 2025 | +0.1% | +0.7% | +0.1% | |
| Q1 2025 | -5.3% | -6.7% | -6.7% | |
| Q4 2025 | +1.4% | -2.2% | -0.6% | |
| Q3 2024 | -5.8% | -2.2% | +6.5% | |
| Q2 2024 | -9.8% | -10.6% | -3.5% | |
| Q1 2024 | +2.3% | +0.6% | +3.4% | |
| Q4 2023 | -4.5% | -11.6% | +3.4% | |
| Q3 2023 | +5.1% | — | — | |
| Q2 2023 | -1.5% | — | — | |
| Q1 2023 | -13.1% | — | — | |
| Q4 2022 | -2.3% | — | — | |
| Q3 2022 | -9.1% | — | — | |
| Q2 2022 | -6.2% | — | — | |
| Q1 2022 | -7.0% | — | — | |
| Q4 2021 | -0.6% | — | — | |
| Q3 2021 | -4.3% | — | — | |
| Q2 2021 | +4.7% | — | — | |
| Q1 2021 | -2.8% | — | — | |
| Q4 2020 | -8.2% | — | — | |
| Q3 2020 | -0.5% | — | — | |
| Q2 2020 | +6.5% | — | — | |
| Q1 2020 | +12.0% | — | — | |
| Q4 2019 | -8.5% | — | — | |
| Q3 2019 | -0.7% | — | — | |
| Q2 2019 | +2.2% | — | — | |
| Q1 2019 | +4.0% | — | — | |
| Q4 2018 | -9.4% | — | — | |
| Q3 2018 | -3.3% | — | — | |
| Q2 2018 | -0.3% | — | — | |
| Q1 2018 | +1.1% | — | — | |
| Q4 2017 | +6.8% | — | — | |
| Q3 2017 | -2.0% | — | — | |
| Q2 2017 | -0.2% | — | — | |
| Q1 2017 | +1.8% | — | — | |
| Q4 2016 | -2.9% | — | — | |
| Q3 2016 | +4.2% | — | — | |
| Q2 2016 | -0.4% | — | — | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | -1.2% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — |
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