VANCOUVER, Aug. 15, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") announced today that it has completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million. The sale represents six of the...
Related Questions
How will the $266 million proceeds from the Phoenix portfolio sale affect City Office REIT's cash balance and liquidity profile?
What impact will the sale have on the company's earnings per share (EPS) and dividend outlook?
Will the reduction in the Phoenix asset base change the REIT's geographic diversification and risk exposure?
How does the valuation multiple of the Phoenix portfolio compare to recent comparable office asset sales in the sector?
Is the market pricing in the expected premium or discount for the transaction relative to City Office's book value?
What are the implications of this sale for the REIT's growth strategy and future acquisition pipeline?
How might the sale influence the yield and price of City Office's existing bonds or preferred securities?
Will the transaction trigger any covenants or re‑pricing of the REIT's credit facilities?
How does this sale compare to recent portfolio dispositions by peer office REITs in terms of size and timing?
What is the expected tax impact of the $266 million proceeds on the REIT’s net income and distribution per share?