NYSE$CIO
City Office REIT Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Reported results for the quarter ended June 30, 2020.
City Office REIT reported a GAAP net loss attributable to common stockholders of approximately $1.4 million, or ($0.03) per fully diluted share. Core FFO was approximately $14.1 million, or $0.29 per fully diluted share, and AFFO was approximately $6.6 million, or $0.14 per fully diluted share. The company collected over 99% of second quarter contractual base rent and Same Store Cash NOI increased 2.3% as compared to the second quarter of 2019.
- GAAP net loss attributable to common stockholders was approximately $1.4 million, or ($0.03) per fully diluted share.
- Core FFO was approximately $14.1 million, or $0.29 per fully diluted share.
- AFFO was approximately $6.6 million, or $0.14 per fully diluted share.
- Same Store Cash NOI increased 2.3% as compared to the second quarter of 2019.
Headline financials
Revenue & EPS history
City Office · Revenue · Quarterly
$39.6M
Forward guidance
The Company is updating its full year 2020 guidance based on year-to-date performance and its expectations for the remainder of the year. 2020 Core FFO per diluted share expectations were increased primarily by a reduced provision for uncollectible rents for the balance of the year and the impact of the termination fee income from the Cherry Creek property.
Tailwinds
- Reduced provision for uncollectible rents for the balance of the year.
- Impact of the termination fee income from the Cherry Creek property.
Headwinds
- We remain cautious about the continued economic impact of the pandemic.
- Effect it will have on our operations and tenants.
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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro