$CIO
City Office REIT, Inc.

2023 Q4 Form 10-Q Financial Statement

#000119312523273705 Filed on November 09, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $44.32M $44.21M
YoY Change -0.66% -2.87%
Cost Of Revenue $17.39M $17.64M
YoY Change 2.26% 1.31%
Gross Profit $26.93M $26.57M
YoY Change -2.45% -5.48%
Gross Profit Margin 60.77% 60.09%
Selling, General & Admin $3.878M $3.530M
YoY Change 20.92% 0.68%
% of Gross Profit 14.4% 13.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.19M $14.70M
YoY Change 11.44% -5.5%
% of Gross Profit 63.81% 55.33%
Operating Expenses $21.07M $35.90M
YoY Change 13.1% -1.58%
Operating Profit $5.864M $8.316M
YoY Change -34.71% -8.1%
Interest Expense -$8.386M $8.186M
YoY Change 7.87% 18.9%
% of Operating Profit -143.01% 98.44%
Other Income/Expense, Net
YoY Change
Pretax Income -$2.522M $130.0K
YoY Change -79.39% -93.99%
Income Tax
% Of Pretax Income
Net Earnings -$4.518M -$43.00K
YoY Change -68.35% -102.16%
Net Earnings / Revenue -10.19% -0.1%
Basic Earnings Per Share -$0.05
Diluted Earnings Per Share -$0.11 -$0.05
COMMON SHARES
Basic Shares Outstanding 39.94M 39.94M
Diluted Shares Outstanding 39.94M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $30.08M $36.70M
YoY Change 6.72% 66.73%
Cash & Equivalents $30.08M $36.74M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $53.45M
Other Receivables
Total Short-Term Assets $83.54M $87.70M
YoY Change 15.04% 42.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.345B $1.352B
YoY Change -3.43% -2.83%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $34.36M $36.50M
YoY Change -9.74% -12.53%
Total Long-Term Assets $1.428B $1.444B
YoY Change -4.93% -5.13%
TOTAL ASSETS
Total Short-Term Assets $83.54M $87.70M
Total Long-Term Assets $1.428B $1.444B
Total Assets $1.511B $1.532B
YoY Change -4.01% -3.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.07M $37.90M
YoY Change -18.69% -0.5%
Accrued Expenses $8.550M $8.600M
YoY Change -2.86% -3.77%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000K
YoY Change
Total Short-Term Liabilities $37.63M $46.50M
YoY Change -15.55% -1.12%
LONG-TERM LIABILITIES
Long-Term Debt $671.1M $672.3M
YoY Change -4.16% -0.56%
Other Long-Term Liabilities $30.06M $28.80M
YoY Change 13.2% -37.03%
Total Long-Term Liabilities $701.1M $701.1M
YoY Change -3.52% -2.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $37.63M $46.50M
Total Long-Term Liabilities $701.1M $701.1M
Total Liabilities $738.7M $747.7M
YoY Change -4.22% -1.61%
SHAREHOLDERS EQUITY
Retained Earnings $221.2M $229.8M
YoY Change -12.06% -16.09%
Common Stock $439.3M $438.2M
YoY Change 0.62% 0.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $772.2M $784.1M
YoY Change
Total Liabilities & Shareholders Equity $1.511B $1.532B
YoY Change -4.01% -3.29%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$4.518M -$43.00K
YoY Change -68.35% -102.16%
Depreciation, Depletion And Amortization $17.19M $14.70M
YoY Change 11.44% -5.5%
Cash From Operating Activities $9.023M $20.60M
YoY Change -5.27% -7.14%
INVESTING ACTIVITIES
Capital Expenditures $9.187M $5.500M
YoY Change 2.63% -145.56%
Acquisitions
YoY Change
Other Investing Activities -$1.352M -$1.500M
YoY Change -27.58% -48.49%
Cash From Investing Activities -$10.44M -$7.100M
YoY Change -3.51% -52.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.454M -13.90M
YoY Change -292.36% -60.19%
NET CHANGE
Cash From Operating Activities 9.023M 20.60M
Cash From Investing Activities -10.44M -7.100M
Cash From Financing Activities -7.454M -13.90M
Net Change In Cash -8.870M -400.0K
YoY Change -443.67% -98.56%
FREE CASH FLOW
Cash From Operating Activities $9.023M $20.60M
Capital Expenditures $9.187M $5.500M
Free Cash Flow -$164.0K $15.10M
YoY Change -128.62% -55.92%

Facts In Submission

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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2023Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2022Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTax
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StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023Q1 us-gaap Dividends Common Stock
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MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q1 us-gaap Profit Loss
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CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Dividends Common Stock
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CY2023Q2 us-gaap Dividends Preferred Stock
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CY2023Q2 us-gaap Profit Loss
ProfitLoss
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CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2023Q3 us-gaap Dividends Common Stock
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CY2023Q3 us-gaap Dividends Preferred Stock
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CY2023Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2023Q3 us-gaap Profit Loss
ProfitLoss
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CY2023Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q1 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2022Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2022Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
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CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q1 us-gaap Profit Loss
ProfitLoss
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CY2022Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q2 us-gaap Stock Repurchased During Period Value
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CY2022Q2 us-gaap Dividends Common Stock
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CY2022Q2 us-gaap Dividends Preferred Stock
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CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q2 us-gaap Profit Loss
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CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
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CY2022Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
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CY2022Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2022Q3 us-gaap Dividends Preferred Stock
DividendsPreferredStock
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CY2022Q3 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
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CY2022Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2022Q3 us-gaap Profit Loss
ProfitLoss
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CY2022Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
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us-gaap Amortization Of Above And Below Market Leases
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us-gaap Straight Line Rent
StraightLineRent
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us-gaap Straight Line Rent
StraightLineRent
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
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us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
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us-gaap Gains Losses On Sales Of Investment Real Estate
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us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
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cio Increase Decrease In Tenant Rent Deposits
IncreaseDecreaseInTenantRentDeposits
208000
cio Increase Decrease In Tenant Rent Deposits
IncreaseDecreaseInTenantRentDeposits
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
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cio Reduction Of Cash On Disposition Of Real Estate Property
ReductionOfCashOnDispositionOfRealEstateProperty
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cio Reduction Of Cash On Disposition Of Real Estate Property
ReductionOfCashOnDispositionOfRealEstateProperty
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us-gaap Increase Decrease In Deferred Charges Investing
IncreaseDecreaseInDeferredChargesInvesting
3474000
us-gaap Increase Decrease In Deferred Charges Investing
IncreaseDecreaseInDeferredChargesInvesting
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
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us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
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us-gaap Repayments Of Debt
RepaymentsOfDebt
60472000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1643000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15553000
CY2022Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19669000
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
52291000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41681000
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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cio Payments Of Deferred Leasing Costs Included In Accounts Payable
PaymentsOfDeferredLeasingCostsIncludedInAccountsPayable
919000
cio Payments Of Deferred Leasing Costs Included In Accounts Payable
PaymentsOfDeferredLeasingCostsIncludedInAccountsPayable
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dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2013-11-26
us-gaap Operations Commenced Date1
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
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CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2022Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
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CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q3 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
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CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2023Q3 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
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CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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CY2023Q3 us-gaap Below Market Lease Net
BelowMarketLeaseNet
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CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5217000
CY2023Q3 cio Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
12581000
CY2023Q3 cio Finite Lived Intangible Assets Amortization Expected To Be Recognized Net
FiniteLivedIntangibleAssetsAmortizationExpectedToBeRecognizedNet
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CY2023Q3 us-gaap Debt Instrument Carrying Amount
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CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q3 us-gaap Deferred Finance Costs Net
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CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
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CY2023Q3 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
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CY2022Q4 us-gaap Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
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CY2023Q3 us-gaap Long Term Debt
LongTermDebt
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CY2022Q4 us-gaap Long Term Debt
LongTermDebt
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1614000
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
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CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
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CY2023Q3 cio Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
101886000
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2023Q3 us-gaap Derivative Notional Amount
DerivativeNotionalAmount
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CY2023Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
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CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
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CY2023Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
37081000
CY2022Q3 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
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us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
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us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
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CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
20418000
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
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CY2023Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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CY2022Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
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us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
134433000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
31440000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
106362000
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P50Y
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P50Y
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
8802000
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9877000
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
10054000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1531000
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
1475000
CY2023Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
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CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
200000
us-gaap Operating Lease Cost
OperatingLeaseCost
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CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
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us-gaap Operating Lease Cost
OperatingLeaseCost
800000
CY2023Q3 cio Financing Lease Cost
FinancingLeaseCost
100000
cio Financing Lease Cost
FinancingLeaseCost
300000
CY2022Q3 cio Financing Lease Cost
FinancingLeaseCost
100000
cio Financing Lease Cost
FinancingLeaseCost
300000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
74000
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
2000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
770000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
7000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
770000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
8000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
724000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
8000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
587000
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
8000
CY2023Q3 cio Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
26563000
CY2023Q3 cio Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
6938000
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29488000
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6971000
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
20875000
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
5440000
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
8613000
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
1531000
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000
CY2020Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
CY2023Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
50000000
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
0
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
4006897
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
50000000
CY2022Q2 cio Share Based Compensation Arrangement By Share Based Payment Award Maximum Number Of Shares
ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumNumberOfShares
3763580
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.
cio Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
3729000
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
9.03
cio Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodGrantDateFairValue
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
CY2023Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1024000
CY2022Q3 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
992000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
3071000
us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
2887000
CY2023Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
177000
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

Files In Submission

Name View Source Status
cio-20230930_cal.xml Edgar Link unprocessable
cio-20230930_pre.xml Edgar Link unprocessable
0001193125-23-273705-index-headers.html Edgar Link pending
0001193125-23-273705-index.html Edgar Link pending
0001193125-23-273705.txt Edgar Link pending
0001193125-23-273705-xbrl.zip Edgar Link pending
cio-20230930.xsd Edgar Link pending
d530957d10q.htm Edgar Link pending
d530957dex311.htm Edgar Link pending
d530957dex312.htm Edgar Link pending
d530957dex321.htm Edgar Link pending
d530957dex322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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cio-20230930_def.xml Edgar Link unprocessable
cio-20230930_lab.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
d530957d10q_htm.xml Edgar Link completed
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