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City Office Reit Inc. disclosed that Revenues elevation in double digits at, in the fiscal second quarter of 2022

CIO recorded second quarter of 2022 operating income of $9.347 millions

Published 2022-08-06T10:49:50-04:00
Goran Soko / CSIMarket.com Contributer

For the second quarter of 2022 CIO EPS remained unaltered of $0.02 per share compare to $0.00 a year ago and EPS dropped by -96.08 % from $0.51 per share from the prior financial reporting period.

Revenues were up by 13.847 % to $45.50 millions from $39.96 millions in the comparable financial reporting period a year ago and sequentially Revenues advanced by 1.44 % from $44.85 millions.



While the City Office Reit Inc. supports customers to prosper, and benefit, CIO is seeking the opportunities and extending respective market stance.
Net earnings of $3.063 millions in the second quarter of 2022 increased by 65.39 % from net earnings of $1.852 millions reported in the second quarter of 2022 a year ago. City Office Reit Inc. also emphasized it's improving profit margins, where net margin rose to 6.73% in second quarter of 2022, and operating margin edged up to 20.54%.
Operating earnings, on the other hand, improved just 20.4% to $9.347 millions.

City Office Reit Inc. is expected to report next financial results on November 02, 2022.


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Other CIO's Earnings Reports

City Office Reit reported first quarter 2022 earnings

City Office Reit reported fourth quarter 2022 earnings

City Office Reit reported third quarter 2021 earnings

       
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