City Office REIT Inc ( (CIO) ) has released its Q3 earnings. Here is a breakdown of the information City Office REIT Inc presented to its investors.
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City Office REIT Inc. is a real estate investment trust focused on acquiring, owning, and operating office properties across the United States. In its latest earnings report for the quarter ended September 30, 2025, the company highlighted significant financial activities, including a merger agreement and property sales. The company reported a net loss attributable to common stockholders of $5.7 million for the third quarter of 2025, compared to a net loss of $4.5 million in the same period last year. This increase in net loss was primarily driven by an impairment charge related to the sale of its Phoenix Portfolio. The company completed the sale of six office properties in Phoenix for $266 million and is in the process of selling another property. Looking ahead, City Office REIT’s management remains focused on strategic initiatives to optimize its portfolio and improve financial performance, despite current challenges in the real estate market.