Earnings summaries and quarterly performance for CIO.
Executive leadership at CIO.
Board of directors at CIO.
Research analysts who have asked questions during CIO earnings calls.
Upal Rana
KeyBanc Capital Markets
5 questions for CIO
Also covers: ADC, BDN, BNL +9 more
Craig Kucera
Lucid Capital Markets
4 questions for CIO
Also covers: CTO, FPI, GOOD +5 more
BO
Barry Oxford
Colliers
2 questions for CIO
Also covers: BRT, CHCT, GNL +7 more
Robert Stevenson
Janney Montgomery Scott LLC
1 question for CIO
Also covers: ADC, AHH, AIV +17 more
Recent press releases and 8-K filings for CIO.
City Office REIT Acquisition Completed by MCME Carell
CIO
M&A
Delisting/Listing Issues
- MCME Carell has completed its acquisition of City Office REIT (CIO) for $7.00 per share of common stock.
- As a result of the transaction, CIO's common stock will no longer be listed on any public market.
- The acquisition was supported by over 98% of voting stockholders.
Jan 9, 2026, 3:57 PM
City Office REIT Acquisition Completed
CIO
M&A
Delisting/Listing Issues
Takeover Bid
- MCME Carell has completed its previously announced acquisition of City Office REIT.
- The acquisition was for $7.00 per share of common stock.
- As a result of the transaction, City Office REIT's common stock will no longer be listed on any public market.
Jan 9, 2026, 3:57 PM
LC Appoints Michael Jordan as Chief Investment Officer
CIO
Management Change
Hiring
New Projects/Investments
- Lifestyle Communities (LC) announced the appointment of Michael Jordan as its new Chief Investment Officer (CIO).
- Jordan will lead LC’s investment strategy, identify new opportunities, and secure capital, overseeing financing, equity capitalizations, and strategic investment partnerships.
- He brings over two decades of experience in finance and real estate investment, having previously overseen more than $5 billion in real estate investments as U.S. Multifamily Sector Head at GIC Real Estate.
- The creation of this role signals LC's continued expansion across key markets including Nashville, Charleston, Raleigh-Durham, Columbus, and Austin, with Tampa and other markets on the horizon.
Oct 31, 2025, 5:48 PM
City Office REIT Stockholders Approve Merger
CIO
M&A
Proxy Vote Outcomes
Takeover Bid
- City Office REIT stockholders approved the merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC on October 16, 2025.
- Upon the closing of the merger, holders of City Office's common stock will receive $7.00 per share in cash.
- The merger is subject to satisfaction of closing conditions and is expected to close during the fourth quarter of 2025.
- The Merger Proposal was approved with 26,148,345 votes For.
Oct 17, 2025, 12:11 AM
City Office REIT Stockholders Approve Merger
CIO
M&A
Proxy Vote Outcomes
- City Office REIT (CIO) stockholders have approved the merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC.
- Upon the closing of the merger, holders of City Office's common stock will receive $7.00 per share in cash.
- The merger is subject to the satisfaction of closing conditions and is expected to close during the fourth quarter of 2025.
Oct 16, 2025, 9:00 PM
Oksenholt Capital Opposes City Office REIT Merger Offer and Calls for Leadership Change
CIO
M&A
Management Change
Executive Compensation
- Oksenholt Capital Management LLC announced its opposition to the proposed acquisition/merger of City Office REIT by affiliates of Elliott Capital/MCME Carell, calling the offer a "lowball" and not in the best interests of shareholders.
- The firm expressed a loss of confidence in City Office REIT's current leadership, citing a significant decline in stock price from $21.24 in 2022 to $5.57 as of July 23, 2025, and criticized CEO James Farrar's $2,326,635 total compensation in 2024 despite the company's underperformance.
- Oksenholt Capital proposes a strategic restructuring plan to unlock City Office REIT's intrinsic value, including eliminating $2 to $7 million in annual expenses and aiming to achieve $0.90 of earnings per share.
- The firm also recommends the appointment of new independent directors and a new senior management team to improve performance and maximize shareholder value.
Oct 7, 2025, 10:00 PM
City Office REIT, Inc. Provides Supplemental Merger Proxy Disclosures Amid Shareholder Lawsuits
CIO
M&A
Legal Proceedings
Proxy Vote Outcomes
- City Office REIT, Inc. (CIO) filed an 8-K on October 7, 2025, to provide supplemental disclosures to its definitive proxy statement regarding the merger agreement with MCME Carell Holdings, LP, originally entered into on July 23, 2025.
- The company has received thirteen demand letters and two lawsuits from purported stockholders alleging material omissions in the proxy statement, which CIO believes are without merit, but is providing additional disclosures to avoid nuisance, cost, and potential delays to the merger closing.
- A special meeting for stockholders to vote on the merger is scheduled for October 16, 2025.
- The supplemental disclosures include amendments to the "Background of the Merger" and details from the financial analyses conducted by JLL Securities and Raymond James.
Oct 7, 2025, 9:17 PM
City Office REIT Merger Investigation Announced
CIO
M&A
Legal Proceedings
Proxy Vote Outcomes
- Monteverde & Associates PC is investigating the proposed merger of City Office REIT, Inc. (NYSE: CIO) with MCME Carell Holdings, LP.
- Upon completion of the proposed transaction, each outstanding share of City Office common stock will be converted into the right to receive $7.00 per share in cash.
- The shareholder vote for this merger is scheduled for October 16, 2025.
Oct 7, 2025, 4:51 PM
City Office REIT Reports Q4 2024 Results and Provides 2025 Guidance
CIO
Earnings
Guidance Update
New Projects/Investments
- City Office REIT reported Q4 2024 Core FFO of $0.28 per share and Net Operating Income of $25.5 million, marking an increase of $0.6 million and $0.9 million respectively from Q3 2024.
- Portfolio occupancy reached 85.4% at quarter-end, a two percentage point increase from the prior quarter, driven by strong leasing activity in Sunbelt markets which saw 806,000 sq ft of new and renewal leases signed in 2024, a 35% increase over 2023.
- The company provided 2025 guidance, anticipating an increase in overall portfolio occupancy and same-store cash NOI growth of 2.5-4.5%, while also noting the post-year-end sale of Superior Point for $12 million.
- Total debt was $647 million with a net debt to EBITDA of 6.9 times as of December 31, and redevelopment plans for City Center in St. Petersburg, Florida, received unanimous approval.
Feb 20, 2025, 4:00 PM
City Office REIT Reports Q4 2024 Results and Provides 2025 Guidance
CIO
Earnings
Guidance Update
New Projects/Investments
- City Office REIT reported Q4 2024 net operating income of $25.5 million and Core FFO of $0.28 per share, both increasing from the prior quarter due to higher occupancy.
- The company achieved a portfolio occupancy of 85.4% in Q4 2024, a two full percentage point increase quarter-over-quarter. Full-year 2024 leasing volume grew 35% over 2023, with 806,000 sq ft of new and renewal leases signed and a 5.9% cash rent roll-up on renewals.
- Strategic actions include the sale of Superior Pointe for $12 million and continued focus on Sunbelt markets, property upgrades, and spec suites, with 231,000 sq ft of spec suites now over 75% leased.
- For 2025, the company anticipates an increase in overall portfolio occupancy and 2.5%-4.5% growth in same-store cash NOI, driven by Sunbelt market performance.
Feb 20, 2025, 4:00 PM
Quarterly earnings call transcripts for CIO.
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