$CIO
City Office REIT, Inc.

2022 Q3 Form 10-Q Financial Statement

#000119312522211748 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $45.52M $45.50M $44.85M
YoY Change 1.41% 13.85% 13.49%
Cost Of Revenue $17.41M $16.84M $16.49M
YoY Change 14.7% 18.74% 16.78%
Gross Profit $28.11M $28.66M $28.36M
YoY Change -5.38% 11.16% 11.67%
Gross Profit Margin 61.75% 63.0% 63.24%
Selling, General & Admin $3.506M $3.614M $3.456M
YoY Change -55.62% 17.8% 23.43%
% of Gross Profit 12.47% 12.61% 12.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $15.56M $15.70M $15.82M
YoY Change 6.2% 5.03% 9.67%
% of Gross Profit 55.34% 54.78% 55.76%
Operating Expenses $36.47M $36.15M $19.27M
YoY Change 61.76% 12.27% 11.98%
Operating Profit $9.049M $9.347M $9.092M
YoY Change 26.37% 20.4% 11.01%
Interest Expense $6.885M $6.284M -$6.059M
YoY Change -216.36% 6.31% -7.78%
% of Operating Profit 76.09% 67.23% -66.64%
Other Income/Expense, Net
YoY Change
Pretax Income $2.164M $3.063M $24.69M
YoY Change 73.95% 65.39% -49.62%
Income Tax
% Of Pretax Income
Net Earnings $1.989M $2.899M $24.69M
YoY Change 129.68% 74.43% -49.62%
Net Earnings / Revenue 4.37% 6.37% 55.05%
Basic Earnings Per Share $0.00 $0.02 $0.52
Diluted Earnings Per Share $0.00 $0.02 $552.2K
COMMON SHARES
Basic Shares Outstanding 41.57M 43.63K 43.55M
Diluted Shares Outstanding 42.13K 44.48K 44.41M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.01M $26.35M $26.74M
YoY Change 24.38% 96.74% 79.48%
Cash & Equivalents $22.01M $26.35M $26.74M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $61.71M $63.85M $62.21M
YoY Change 31.53% 39.29% 32.08%
LONG-TERM ASSETS
Property, Plant & Equipment $1.392B $1.415B $1.417B
YoY Change 57.69% 41.83% 47.39%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.73M $64.26M $40.42M
YoY Change -77.95% 48.81% 10.74%
Total Long-Term Assets $1.523B $1.548B $1.570B
YoY Change 37.73% 42.98% 50.8%
TOTAL ASSETS
Total Short-Term Assets $61.71M $63.85M $62.21M
Total Long-Term Assets $1.523B $1.548B $1.570B
Total Assets $1.584B $1.611B $1.632B
YoY Change 37.48% 42.83% 49.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.09M $33.14M $33.42M
YoY Change 18.68% 52.93% 60.69%
Accrued Expenses $8.937M $9.009M $9.082M
YoY Change -4.66% -4.64% 17.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $47.03M $42.15M $42.51M
YoY Change 13.4% 35.45% 49.14%
LONG-TERM LIABILITIES
Long-Term Debt $676.1M $655.8M $663.9M
YoY Change 12.06% 7.06% 15.9%
Other Long-Term Liabilities $45.74M $37.42M $38.65M
YoY Change -25.02% 20.49% 42.1%
Total Long-Term Liabilities $721.9M $693.2M $702.6M
YoY Change 8.65% 7.71% 17.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $47.03M $42.15M $42.51M
Total Long-Term Liabilities $721.9M $693.2M $702.6M
Total Liabilities $759.9M $735.4M $746.0M
YoY Change 7.55% 8.84% 18.5%
SHAREHOLDERS EQUITY
Retained Earnings $273.8M $281.7M
YoY Change
Common Stock $435.5M $479.5M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $824.1M $875.1M $886.2M
YoY Change
Total Liabilities & Shareholders Equity $1.584B $1.611B $1.632B
YoY Change 37.48% 42.83% 49.99%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $1.989M $2.899M $24.69M
YoY Change 129.68% 74.43% -49.62%
Depreciation, Depletion And Amortization $15.56M $15.70M $15.82M
YoY Change 6.2% 5.03% 9.67%
Cash From Operating Activities $22.18M $60.31M $14.66M
YoY Change -26.17% 199.08% -5.55%
INVESTING ACTIVITIES
Capital Expenditures -$12.07M -$9.986M -$6.476M
YoY Change 311.7% -78.53% 3.62%
Acquisitions
YoY Change
Other Investing Activities -$2.912M -$4.363M -$423.0K
YoY Change -111.6% 264.19% -100.46%
Cash From Investing Activities -$14.98M -$14.35M -$6.899M
YoY Change -167.59% -69.92% -108.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -34.92M -24.21M -2.381M
YoY Change 90.2% -178.91% -97.9%
NET CHANGE
Cash From Operating Activities 22.18M 60.31M 14.66M
Cash From Investing Activities -14.98M -14.35M -6.899M
Cash From Financing Activities -34.92M -24.21M -2.381M
Net Change In Cash -27.72M 21.75M 5.379M
YoY Change -181.86% 592.27% -142.12%
FREE CASH FLOW
Cash From Operating Activities $22.18M $60.31M $14.66M
Capital Expenditures -$12.07M -$9.986M -$6.476M
Free Cash Flow $34.25M $70.30M $21.14M
YoY Change 3.87% 5.44% -2.92%

Facts In Submission

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CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-47000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
190000
CY2021Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1855000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-63000
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-147000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-203000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-289000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
513000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2267000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
769000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3576000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
1952000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
30021000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
51630000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
164000
CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1762000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
29686000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
51248000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
870595000
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
904000
CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
8711000
CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1855000
CY2022Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
3000
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
254000
CY2022Q1 us-gaap Profit Loss
ProfitLoss
24691000
CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1754000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
887127000
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
905000
CY2022Q2 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
5000000
CY2022Q2 us-gaap Dividends Common Stock
DividendsCommonStock
8580000
CY2022Q2 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1855000
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
180000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
3063000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
513000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
875993000
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
417875000
CY2021Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
645000
CY2021Q1 us-gaap Dividends Common Stock
DividendsCommonStock
6510000
CY2021Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
1855000
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
220000
CY2021Q1 us-gaap Profit Loss
ProfitLoss
49009000
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
669000
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
459613000
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
449000
CY2021Q2 us-gaap Dividends Common Stock
DividendsCommonStock
6533000
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
-43549000
us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
0
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
21658000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
47400000
CY2021Q2 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
2000
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
204000
CY2021Q2 us-gaap Profit Loss
ProfitLoss
1852000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
301000
us-gaap Straight Line Rent
StraightLineRent
4356000
us-gaap Straight Line Rent
StraightLineRent
-85000
us-gaap Share Based Compensation
ShareBasedCompensation
1895000
us-gaap Share Based Compensation
ShareBasedCompensation
1310000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
434000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
424000
CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
100000
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
453424000
us-gaap Profit Loss
ProfitLoss
27754000
us-gaap Profit Loss
ProfitLoss
50861000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
31516000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
29369000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
614000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
602000
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
80000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1048000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1268000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2757000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1511000
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
2850000
cio Increase Decrease In Tenant Rent Deposits
IncreaseDecreaseInTenantRentDeposits
691000
cio Increase Decrease In Tenant Rent Deposits
IncreaseDecreaseInTenantRentDeposits
877000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
74969000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
35685000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
16462000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
9499000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
43256000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
0
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
93303000
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
4786000
us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
3131000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21248000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
37417000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
31000000
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
98000000
us-gaap Repayments Of Debt
RepaymentsOfDebt
30941000
us-gaap Repayments Of Debt
RepaymentsOfDebt
163363000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
21132000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16729000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
87000
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
22929000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69396000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
216000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
3000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36323000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-26591000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-82730000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2000
us-gaap Interest Paid Net
InterestPaidNet
10850000
us-gaap Interest Paid Net
InterestPaidNet
11955000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
10301000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4233000
cio Payments Of Deferred Leasing Costs Included In Accounts Payable
PaymentsOfDeferredLeasingCostsIncludedInAccountsPayable
2926000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
27130000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9628000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42266000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45951000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69396000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
36323000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
26352000
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
13394000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
43044000
cio Payments Of Deferred Leasing Costs Included In Accounts Payable
PaymentsOfDeferredLeasingCostsIncludedInAccountsPayable
2164000
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2013-11-26
us-gaap Operations Commenced Date1
OperationsCommencedDate1
2014-04-21
CY2022Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4501000
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
5223000
CY2021Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
6009000
CY2022Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
141976000
CY2022Q2 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
262000
CY2022Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16743000
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
80214000
CY2022Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
6701000
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
61762000
CY2022Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
10042000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
154253000
CY2021Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
16881000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
85328000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68925000
CY2021Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
10872000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5283000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9028000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
6695000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6507000
CY2022Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6461000
CY2022Q2 cio Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
17746000
CY2022Q2 cio Finite Lived Intangible Assets Amortization Expected To Be Recognized Net
FiniteLivedIntangibleAssetsAmortizationExpectedToBeRecognizedNet
51720000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
658605000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
658538000
CY2021Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
333000
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
654366000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
653648000
CY2019Q2 cio Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfShares
2263580
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
21532000
CY2022Q2 cio Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfShares
3763580
CY2022Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5548000
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
9009000
CY2022Q2 cio Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
240303000
CY2022Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
658605000
CY2022Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
1450000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
3141000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
48149000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
108479000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
253997000
CY2022Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4536000
CY2022Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
38309000
CY2021Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
34311000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
76628000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
67862000
CY2022Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
6180000
CY2021Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
5629000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
12620000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
11536000
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
44489000
CY2021Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
39940000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
89248000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
79398000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1311000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
84779000
CY2022Q2 cio Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
252335000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
715038000
CY2022Q2 cio Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
27151000
CY2022Q2 cio Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
6946000
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P50Y
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30541000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
63397000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
117160000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
104445000
CY2022Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
92922000
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.062
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
300000
us-gaap Operating Lease Cost
OperatingLeaseCost
500000
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
300000
us-gaap Operating Lease Cost
OperatingLeaseCost
500000
CY2022Q2 cio Financing Lease Cost
FinancingLeaseCost
100000
cio Financing Lease Cost
FinancingLeaseCost
200000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
290000
CY2022Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
17000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
836000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
12000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
770000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
7000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
770000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
8000
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
724000
CY2022Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
8000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1896000
CY2021Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
665000
CY2022Q2 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
992000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
394833
cio Stock Repurchased During Period Before Commission Value
StockRepurchasedDuringPeriodBeforeCommissionValue
5000000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
cio Schedule Of Share Based Compensation Arrangement By Share Based Payment Award For Defined Performance
ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardForDefinedPerformance
The payouts under the Performance RSU Awards are evaluated on a sliding scale as follows: TSR below the 30th percentile of the Peer Group would result in a 50% payout; TSR at the 50th percentile of the Peer Group would result in a 100% payout; and TSR at or above the 75th percentile of the Peer Group would result in a 150% payout. Payouts are mathematically interpolated between these stated percentile targets, subject to a 150% maximum.
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
2808000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
9.7
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
5753000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
17.54
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y

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