Company: CIO
Filing Date: 2025-05-16
Form Type: CORRESP
Source: 0001193125-25-121690
Chunk: 1

Company: City Office REIT, Inc.
Filing Date: 2025-05-16
Form: CORRESP
Chunk 1
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 expenses. In your response, please address your consideration of ASC 280-10-50-26A.                                                                                                                           |

1

RESPONSE: The Company acknowledges the Staff’s comment and advises as follows: In preparing our disclosures pursuant to ASC 280-10-50-26A,we evaluated whether the quantitative presentation of significant expenses within our reportable segment disclosures would provide meaningful additional information to investors. The Company’s operations consist of one reportable segment: Office Properties. As disclosed in the 10-K,the Company’s CODM use consolidated net income and net operating income (“NOI”) as the profit or loss measures to evaluate the performance of the Company’s one operating segment. These measures aggregate all property-level revenues and expenses. The Company respectfully advises the Staff that the CODM do not evaluate disaggregated expense categories (e.g., separate quantitative amounts for maintenance, insurance, property taxes, etc.) when evaluating the performance of the Company’s operating segment, and respectfully submits that quantifying such expenses would not provide meaningful information to investors with respect to segment-level decision-making or resource allocation since such a presentation would not align with how the CODM review operating performance internally. Because the Company has one reportable operating segment and financial information is presented on a consolidated basis, the CODM do not utilize the significant expense categories when analyzing performance or when making resource decisions. However, in response to the Staff’s comment, the Company agrees that the sentence on page 77 of the 10-Kstating that “Significant expenses that comprise property operating expenses within NOI primarily include building common area and maintenance expenses, insurance, property taxes, property management fees, as well as certain expenses that are not recoverable from tenants,” could result in confusion and misunderstanding with respect to the CODM’s evaluation. The Company will therefore delete this sentence in future periodic reports. Form 8-Kfiled February 20, 2025 Exhibit 99.1 2025 Outlook, Page 3

| 2. | We note you provide Full Year 2025 Guidance for Net Operating Income (“NOI”) and Same Store                                                                                                             
 Cash NOI Change. Please tell us how you considered providing the reconciliations required by Item 10(e)(1)(i)(B) of Regulation S-K. Please refer to Question 102.10(b) of the Division’s Compliance and 
 Disclosure Interpretations for Non-GAAP financial measures.                                                                                                                                             |

2

RESPONSE: The Company acknowledges the Staff’s comment. The Company recognizes the importance of providing such reconcili