City Office REIT reports Q3 core FFO 27c, consensus 28c

Reports Q3 revenue $42.37M, consensus $42.02M. “We continue to experience a progression of office real estate fundamentals across our markets,” commented James Farrar, the company’s CEO. “During the first nine months of 2024, we executed 601,000 square feet of new and renewal leases. As a result of the healthy leasing activity year to date, we increased our guidance expectations for year-end occupancy and same store cash NOI change.”