City Office REIT Inc. (CIO) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
SUITE 3210 - 666 BURRARD STREET VANCOUVER, BC V6C 2X8 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 30,082 | 28,187 | 21,321 | 25,305 | 70,129 | 16,138 | |||
| Cash and cash equivalents | 30,082 | 28,187 | 21,321 | 25,305 | 70,129 | 16,138 | |||
| Restricted cash and investments | 13,310 | 16,075 | 20,945 | 20,646 | |||||
| Receivables | 53,454 | 44,429 | 30,415 | 32,968 | 32,112 | 26,095 | |||
| Total current assets: | 96,846 | 88,691 | 72,681 | 78,919 | 102,241 | 42,233 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 9,820 | 10,054 | ✕ | ||||||
| Operating lease, right-of-use asset | 12,564 | 12,935 | ✕ | ||||||
| Property, plant and equipment | 194,344 | 200,226 | 205,465 | 204,931 | 230,319 | 224,108 | |||
| Intangible assets, net (including goodwill) | 42,434 | 55,438 | 68,925 | 44,143 | 67,533 | 75,501 | |||
| Intangible assets, net (excluding goodwill) | 42,434 | 55,438 | 68,925 | 44,143 | 67,533 | 75,501 | |||
| Total noncurrent assets: | 259,162 | 278,653 | 274,390 | 249,074 | 297,852 | 299,609 | |||
| Other undisclosed assets | 1,155,368 | 1,207,095 | 1,254,442 | 829,299 | 828,381 | 758,589 | |||
| TOTAL ASSETS: | 1,511,376 | 1,574,439 | 1,601,513 | 1,157,292 | 1,228,474 | 1,100,431 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 738,743 | 771,265 | 730,918 | 739,417 | 679,342 | 702,054 | |||
| Total liabilities: | 738,743 | 771,265 | 730,918 | 739,417 | 679,342 | 702,054 | |||
| Equity | |||||||||
| Equity, attributable to parent | 772,231 | 802,831 | 869,616 | 416,926 | 548,008 | 397,413 | |||
| Preferred stock | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | 112,000 | |||
| Common stock | 399 | 397 | 435 | 433 | 545 | 395 | |||
| Additional paid in capital | 438,867 | 436,161 | 482,061 | 479,411 | 577,131 | 377,126 | |||
| Accumulated other comprehensive income (loss) | (248) | 2,731 | (382) | (1,960) | 715 | ||||
| Retained earnings (accumulated deficit) | 221,213 | 251,542 | 275,502 | (172,958) | (142,383) | (92,108) | |||
| Other undisclosed equity | 402 | 343 | 979 | 949 | 1,124 | 964 | |||
| Total equity: | 772,633 | 803,174 | 870,595 | 417,875 | 549,132 | 398,377 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,511,376 | 1,574,439 | 1,601,513 | 1,157,292 | 1,228,474 | 1,100,431 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 179,096 | 180,485 | 164,041 | 160,840 | 156,297 | 129,484 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 110,076 | |
| Operating lease, lease income | 176,029 | 178,953 | 163,856 | 160,749 | 153,530 | ✕ | ||
| Gross profit: | 179,096 | 180,485 | 164,041 | 160,840 | 156,297 | 129,484 | ||
| Operating expenses | (147,825) | (157,460) | (130,811) | (129,369) | (127,541) | (113,858) | ||
| Operating income: | 31,271 | 23,025 | 33,230 | 31,471 | 28,756 | 15,626 | ||
| Interest and debt expense | (33,172) | (27,002) | (24,600) | (27,689) | (29,726) | (23,937) | ||
| Income (loss) from continuing operations: | (1,901) | (3,977) | 8,630 | 3,782 | (970) | (8,311) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 8,630 | 3,782 | (970) | (8,311) | |
| Other undisclosed net income (loss) | (134) | 21,658 | 476,651 | 1,347 | 3,412 | 46,980 | ||
| Net income (loss): | (2,035) | 17,681 | 485,281 | 5,129 | 2,442 | 38,669 | ||
| Net loss attributable to noncontrolling interest | (647) | (691) | (886) | (602) | ||||
| Other undisclosed net loss attributable to parent | (644) | (501) | ||||||
| Net income (loss) attributable to parent: | (2,682) | 16,990 | 484,395 | 4,527 | 1,798 | 38,168 | ||
| Preferred stock dividends and other adjustments | (7,420) | (7,420) | (7,420) | (7,420) | (7,420) | (7,420) | ||
| Net income (loss) available to common stockholders, diluted: | (10,102) | 9,570 | 476,975 | (2,893) | (5,622) | 30,748 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (2,035) | 17,681 | 485,281 | 5,129 | 2,442 | 38,669 | ||
| Other comprehensive income (loss) | (3,021) | 3,113 | 1,578 | (2,675) | ||||
| Other undisclosed comprehensive income | 715 | |||||||
| Comprehensive income (loss): | (5,056) | 20,794 | 486,859 | 2,454 | 3,157 | 38,669 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (605) | (691) | (886) | (602) | (644) | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (5,661) | 20,103 | 485,973 | 1,852 | 2,513 | 38,669 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.