City Office REIT, Inc. (NYSE: CIO) reported its second quarter 2025 results, highlighting rental and other revenues of $42.3 million. The company experienced a GAAP net loss attributable to common stockholders of approximately $107.2 million, resulting in a loss of $2.66 per fully diluted share. Core Funds from Operations (FFO) were approximately $11.8 million, equating to $0.28 per fully diluted share, while Adjusted Funds from Operations (AFFO) stood at approximately $3.0 million, or $0.07 per fully diluted share. The company's in-place occupancy was 82.5% at quarter end, which increases to 86.8% when including signed leases not yet occupied. During the quarter, City Office REIT executed approximately 355,000 square feet of new and renewal leases. The Same Store Cash Net Operating Income (NOI) saw an increase of 1.8% compared to the second quarter of 2024. City Office REIT has announced that due to a pending merger, the company will no longer provide guidance or affirm past guidance. Furthermore, no conference call with analysts and investors will be held to discuss the second quarter 2025 results. Additional financial information has been made available on the company's website.
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