City Office REIT: Q1 Earnings Snapshot

VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — City Office REIT Inc. (CIO) on Friday reported a key measure of profitability in its first quarter.

The Vancouver, British Columbia-based real estate investment trust said it had funds from operations of $15 million, or 37 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $1.2 million, or 3 cents per share.

The real estate investment trust, based in Vancouver, British Columbia, posted revenue of $46 million in the period.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIO at https://www.zacks.com/ap/CIO