Company: CIO
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0000950170-25-023714
Chunk: 80

Company: City Office REIT, Inc.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 6
Chunk 80
---
000

     112,000

     Common stock, $0.01 par value, 100,000,000 shares authorized, 40,154,055   and 39,938,451 shares issued and outstanding as of December 31, 2024 and 2023

     401

     399

     Additional paid-in capital

     442,329

     438,867

     Retained earnings

     179,838

     221,213

     Accumulated other comprehensive loss

     (713
     )

     (248
     )

     Total Stockholders’ Equity

     733,855

     772,231

     Non-controlling interests in properties

     685

     402

     Total Equity

     734,540

     772,633

     Total Liabilities and Equity
      
     $
     1,455,670

     $
     1,511,376

     Subsequent Events (Note 4)

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

 57

 City Office REIT, Inc.Consolidated Statements of Operations (In thousands, except per share data) 

     Years Ended December 31,

     2024

     2023

     2022

     Rental and other revenues
      
     $
     171,126

     $
     179,096

     $
     180,485

     Operating expenses:

     Property operating expenses

     69,460

     69,997

     67,739

     General and administrative

     15,201

     14,841

     13,782

     Depreciation and amortization

     59,321

     62,987

     62,495

     Impairment of real estate

     8,463

     —

     13,444

     Total operating expenses

     152,445

     147,825

     157,460

     Operating income

     18,681

     31,271

     23,025

     Interest expense:

     Contractual interest expense

     (32,960
     )

     (31,876
     )

     (25,784
     )

     Amortization of deferred financing costs and debt fair value

     (1,384
     )

     (