Company: CIO
Filing Date: 2025-03-12
Form Type: DEF 14A
Source: 0001193125-25-052437
Chunk: 34

Company: City Office REIT, Inc.
Filing Date: 2025-03-12
Form: DEF 14A
Chunk 34
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 During 2024, the Company achieved substantial results that contributed to the overall strong operating performance of the Company, including, but not limited to:

| • |     | Executed 806,000 square feet of new and renewal leases, representing a 35% increase as compared to 2023; |

| • |     | Increased overall portfolio occupancy to 85.4% at year-end of 2024, as compared to 84.5% at year-end of 2023; |

| • |     | Increased the Company’s annualized gross rent per square foot by 1.8%; |

| • |     | Achieved a 5.9% cash re-leasing spread across 2024; |

| • |     | Completed loan renewals on two property mortgages; |

| • |     | Continued construction and leasing of high-quality spec suites and successfully executed numerous renovation projects; |

| • |     | Advanced significant value-creating redevelopment potential at one of the Company’s properties; |

| • |     | Actively positioned Company properties to maximize overall corporate value; |

| • |     | Implemented cost savings measures to maximize returns; and |

| • |     | Continued the Company’s focus on improvement to sustainability measures. |

2024 Total Stockholder Return The total return for our common stock in 2024 was negative 2.7%. In comparison, the Dow Jones U.S. Real Estate Office Index generated a 4.2% total return. Share prices of office real estate companies were generally challenged in 2024, and the Company’s total return for its common stock in 2024 was less than the Dow Jones U.S. Real Estate Office Index. As of January 14, 2025, the Dow Jones U.S. Real Estate Office Index was comprised of 21 publicly traded U.S. office REITs. The Compensation Committee believes that the Dow Jones U.S. Real Estate Office Index provides an appropriate group of peer REITs with a focus similar to the Company’s and represents an appropriate basis for comparison of our total stockholder return. The Compensation Committee evaluates the Company’s performance relative to various peer indices each year and may determine, 25

in its sole discretion, to substitute certain peer indices in any given year in order to ensure fair measurement of the Company against its peers. Long-Term Stockholder Return As of December 31, 2024, our five-year total return was negative 41.7%, which has been during the tenure of the