Company: CIO
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-023714
Chunk: 8

Company: City Office REIT, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 15
Chunk 8
---
 )
      
     $
     (0.25
     )
      
     $
     0.22

     Weighted average common shares outstanding:

     Basic

     40,140

     39,922

     42,052

     Diluted

     40,140

     39,922

     42,866

     Dividend distributions declared per common share
      
     $
     0.40

     $
     0.50

     $
     0.80

    The accompanying notes are an integral part of these consolidated financial statements.

 58

 City Office REIT, Inc. Consolidated Statements of Comprehensive (Loss)/Income(In thousands) 

     Years Ended December 31,

     2024

     2023

     2022

     Net (loss)/income
      
     $
     (17,125
     )
      
     $
     (2,035
     )
      
     $
     17,681

     Other comprehensive (loss)/income:

     Unrealized cash flow hedge gain

     3,092

     417

     3,336

     Amounts reclassified to interest expense

     (3,537
     )

     (3,438
     )

     (223
     )

     Other comprehensive (loss)/income

     (445
     )

     (3,021
     )

     3,113

     Comprehensive (loss)/income

     (17,570
     )

     (5,056
     )

     20,794

     Less:

     Comprehensive income attributable to non-controlling interests in properties

     (575
     )

     (605
     )

     (691
     )

     Comprehensive (loss)/income attributable to the Company
      
     $
     (18,145
     )
      
     $
     (5,661
     )
      
     $
     20,103

    The accompanying notes are an integral part of these consolidated financial statements.

 59

 City Office REIT, Inc.Consolidated Statements of Changes in Equity (In thousands) 

     Number ofshares ofpreferredstock
      
     Preferredstock
      
     Number ofshares ofcommonstock
      
     Commonstock
      
     Additionalpaid-incapital
      
     Retainedearnings
      
     Accumulatedothercomprehensive(loss)/income
      
     Total