NYSE$CIO
City Office REIT Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported results for the quarter ended September 30, 2021.
City Office REIT reported rental and other revenues of $44.9 million for the third quarter of 2021. The company entered into agreements to sell its life science portfolio in San Diego for $576.0 million. Same Store Cash NOI increased 1.4% compared to the third quarter of 2020.
- Rental and other revenues were $44.9 million.
- GAAP net loss attributable to common stockholders was approximately $1.0 million, or $(0.02) per fully diluted share.
- Core FFO was approximately $14.1 million, or $0.32 per fully diluted share.
- Entered into agreements to sell the Company’s life science portfolio in San Diego, California for an aggregate gross sale price of $576.0 million.
Headline financials
Revenue & EPS history
City Office · Revenue · Quarterly
$44.9M
Forward guidance
The Company is updating its full year 2021 guidance based on year-to-date performance and its expectations for the remainder of the year. The sale transactions for the Sorrento Mesa portfolio are not expected to have a material impact on 2021 guidance, as the closings are not scheduled to occur until December 2021.
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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