| Market Capitalization (Millions $) |
282 |
| Shares
Outstanding (Millions) |
40 |
| Employees |
20 |
| Revenues (TTM) (Millions $) |
164 |
| Net Income (TTM) (Millions $) |
-121 |
| Cash Flow (TTM) (Millions $) |
-4 |
| Capital Exp. (TTM) (Millions $) |
31 |
Business Description
City Office REIT Inc (CIO) is a US-based real estate investment trust that primarily invests in commercial office properties across key metropolitan areas in the United States. The company's portfolio consists of more than 70 properties, including office buildings and retail spaces, covering approximately3 million square feet. City Office REIT primarily focuses on properties that are located in central business districts, suburban business centers, and other strategic locations with easy access to transportation and amenities.
The company's properties are spread out across 13 states, including Arizona, Florida, Georgia, Missouri, Tennessee, and Texas, among others. City Office REIT's portfolio is diversified across a wide range of tenants, including government agencies, financial institutions, technology companies, and professional service providers, among others. The company's tenant base is also diverse in terms of industry, with no single tenant accounting for more than 5% of the company's total annualized base rent.
City Office REIT's business model is centered around generating cash flow through rental income from its properties. The company's leasing strategy is designed to lease office space to high-quality tenants for the long term, typically three to five years, with regular rent increases built into the lease agreements. The company's active asset management approach ensures that the properties are well-maintained and perform well in the market.
One of City Office REIT's key strengths is its extensive experience in the commercial office real estate sector. The company's management team has a combined 100+ years of experience in the industry and has demonstrated success in acquiring, managing, and operating quality office properties. The company's financial performance has also been strong in recent years, with steady growth in net operating income and funds from operations.
In conclusion, City Office REIT Inc is a real estate investment trust primarily focused on commercial office properties in key metropolitan areas across the United States. The company's portfolio is diversified across a wide range of tenants and industries, and its leasing strategy is designed to generate steady cash flow through long-term lease agreements with regular rent increases. With a experienced management team and a strong financial track record, City Office REIT is well-positioned to continue delivering value to its shareholders.
Company Address: 666 Burrard Street Vancouver 0 BC
Company Phone Number: 806-3366 Stock Exchange / Ticker: NYSE CIO
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