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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — City Office REIT Inc. (CIO) on Thursday reported a key measure of profitability in its fourth quarter.
The Vancouver, British Columbia-based real estate investment trust said it had funds from operations of $11.7 million, or 28 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 $12.6 million, or 31 cents per share.
The real estate investment trust, based in Vancouver, British Columbia, posted revenue of $41.9 million in the period.
For the year, the company reported funds from operations of $47.8 million. Revenue was reported as $171.1 million.
City Office REIT expects full-year funds from operations in the range of $1.10 to $1.14 per share.
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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