City Office Reit, INC
Market Movers (8-K)
City Office REIT, Inc. has completed its acquisition by MCME Carell, with common stockholders receiving $7.00 per share in cash.
City Office REIT, Inc. announced the redemption of all outstanding 6.625% Series A Cumulative Redeemable Preferred Stock on January 9, 2026, in anticipation of its merger with MCME Carell Holdings, LP.
City Office REIT, Inc. announced the passing of its Chairman, John Sweet, and the appointment of Sabah Mirza as the new Chairwoman of the Board.
City Office REIT, Inc. stockholders have approved the merger with MCME Carell Holdings, LP, paving the way for a $7.00 per share cash acquisition.
City Office REIT has issued supplemental disclosures to its merger proxy statement to address stockholder lawsuits alleging omitted material information, aiming to avoid delays in its acquisition by MCME Carell Holdings.
Worse than expected
City Office REIT completed the first phase of its Phoenix portfolio sale for $266 million, reducing its revolving credit facility to $150 million and repaying its term loan.
Delay expected
Quarterly Earnings (10-Q)
City Office REIT reported a significant net loss for the nine months ended September 30, 2025, driven by a major real estate impairment and merger-related costs, while progressing with its acquisition by MCME Carell.
Delay expected
Worse than expected
City Office REIT reported a significant net loss in Q2 2025, driven by a $102.2 million impairment charge on its Phoenix Portfolio, as the company moves towards a $7.00 per share cash acquisition by MCME Carell.
Worse than expected
Capital raise
Delay expected
City Office REIT's Q1 2025 results reveal a decrease in revenue compared to the previous year, influenced by property dispositions and changing tenant occupancy.
Worse than expected
City Office REIT's Q3 2024 results reflect a net loss, impacted by property dispositions and challenging market conditions, despite some positive leasing activity.
Worse than expected
10-Q: City Office REIT Reports Mixed Results in Q2 2024 Amidst Property Dispositions and Market Headwinds
City Office REIT experienced a net loss in the second quarter of 2024, impacted by property dispositions and challenging market conditions, despite some positive leasing activity.
Worse than expected
City Office REIT experienced a net loss in the first quarter of 2024, impacted by decreased revenue and ongoing challenges in the office real estate market.
Worse than expected
Annual Reports (10-K)
City Office REIT's 2024 results show increased occupancy and leasing activity, balanced against a backdrop of economic uncertainty and strategic property dispositions.
Worse than expected
City Office REIT's 2023 annual report highlights strategic leasing, debt management, and portfolio adjustments amidst a dynamic economic landscape.
Worse than expected
Insider Trading (Form 4)
City Office REIT Director Mark Murski reported the disposition of common stock and restricted stock units following the company's merger into a subsidiary of MCME Carell Holdings, LP.
Sabah Mirza, a director of City Office REIT, Inc., reported the disposition of common stock and restricted stock units following the company's merger into a wholly-owned subsidiary.
City Office REIT Director Michael Mazan reported the disposition of shares and restricted stock units following the company's merger, with shareholders receiving $7.00 per share in cash.
Director John R. McLernon reported the disposition of all his City Office REIT securities following the company's merger into a subsidiary of MCME Carell Holdings, LP, receiving $7.00 per share in cash.
City Office REIT CEO James Farrar disposed of all his common stock, restricted stock units, and performance restricted stock units following the company's merger on January 9, 2026.
City Office REIT's President & COO, Gregory Tylee, disposed of all his beneficial ownership following the company's merger into a subsidiary of MCME Carell Holdings, LP for $7.00 per share.
Proxy Statements (Def-14A)
City Office REIT, Inc. stockholders are invited to a special meeting on October 16, 2025, to approve an all-cash merger with MCME Carell Merger Sub, LLC at $7.00 per share.
Better than expected
Capital raise
City Office REIT, Inc. completed the first phase of its Phoenix portfolio sale for $266 million and amended its credit agreement, reducing the revolving credit facility to $150 million, as it progresses towards a proposed merger.
Worse than expected
Delay expected
City Office REIT reports Q2 2025 results, including a significant net loss due to an impairment charge, alongside a definitive $1.1 billion merger agreement and a $296 million Phoenix portfolio sale.
Worse than expected
Delay expected
City Office REIT has entered into a definitive merger agreement to be acquired by MCME Carell for approximately $1.1 billion, with common shareholders receiving $7.00 per share in cash.
Delay expected
Better than expected
City Office REIT, Inc. will hold its annual stockholder meeting on May 1, 2025, and has made proxy materials available online.
City Office REIT is holding its 2025 Annual Meeting of Stockholders to elect directors, ratify the appointment of KPMG LLP, approve executive compensation, and amend the Equity Incentive Plan.
Worse than expected
Schedule 13G - Passive Investments
Glazer Capital and Paul J. Glazer have reported a passive beneficial ownership of 5.98% in City Office REIT, Inc., totaling 2,412,926 shares.
BlackRock, Inc. has filed an Amendment No. 7 to Schedule 13G, disclosing its beneficial ownership of 8.9% of City Office REIT Inc.'s common stock as of December 31, 2024.
The Vanguard Group has filed an updated Schedule 13G, reporting a 5.13% beneficial ownership stake in City Office REIT Inc. as of December 31, 2024.