City Office REIT announced its financial results for the first quarter of 2025 on 2 May, reporting a net loss while expounding plans for a redevelopment project in Florida.
The Vancouver-based REIT posted rental and other revenues of USD42.3 million for the quarter ended 31 March 2025.
However, the REIT reported a GAAP net loss attributable to common stockholders of approximately USD3.5 million, or USD0.09 per fully diluted share.
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