City Office REIT, Inc.

cioreit.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2025 10-Q, filed Nov 7, 2025. Its latest SEC filing is a SCHEDULE 13G/A from Feb 17, 2026.

The sections below describe the company as of the FY2024 annual report.

What Did They Do?

Owns, operates and acquires office properties, leasing space to government agencies and national and regional businesses.

How Did They Make Money?

Tenants pay rent under office leases. The company spreads lease revenue over the lease term and bills tenants for certain operating-cost increases and expenses as they are incurred.

FY2024 revenue

Who Were Their Customers?

Government agencies and national and regional businesses lease office space. The company uses local firms for property management and leasing in its markets.

Did Revenues Turn Into Profits?

No. It lost $17.7M in FY2024.

Operating income, FY2024

11% of revenue

▼ −40% vs FY2023 ($31.3M, 17%)

Net income, FY2024

−10% of revenue

▲ +559% (Loss) vs FY2023 (−$2.7M, −1%)

How Were They Changing?

Since the FY2024 annual report

Latest quarter: Q3 FY2025, the three months to Sep 30, 2025

Revenue: ▼ −12%; vs $42.4M in Q3 FY2024
Net income: ▲ +45% (Loss); vs −$2.6M in Q3 FY2024

Jan 9, 2026 MCME Carell completed its acquisition of City Office REIT Common shares were converted into the right to receive $7.00 in cash per share, and the stock was no longer listed on a public market.
Aug 15, 2025 Sold six Phoenix office properties The sale to an unaffiliated buyer closed for an aggregate purchase price of $266 million; Pima Center remained under contract.

Held flat. Revenue was $171.1M in FY2024, about the same as the $160.8M of FY2020.

Portfolio focus The earlier report described owning office properties in cities across the Southern and Western United States. The latest report describes the focus as office properties predominantly in Sun Belt markets.

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