CIO · As filed with the SEC
City Office REIT balance sheet, by fiscal year
The statement as City Office REIT presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Balance Sheets · USD
| USD | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 | FY2017 Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Real estate properties | ||||||||
| Land | 190,372,000 | 193,524,000 | 199,537,000 | 204,801,000 | 204,289,000 | 230,034,000 | 223,789,000 | 188,110,000 |
| Building and improvement | 1,169,793,000 | 1,194,819,000 | 1,215,000,000 | 1,244,177,000 | 777,184,000 | 784,636,000 | 704,113,000 | 534,473,000 |
| Tenant improvement | 163,569,000 | 152,540,000 | 139,365,000 | 119,011,000 | 104,694,000 | 94,218,000 | 77,426,000 | 53,427,000 |
| Furniture, fixtures and equipment | 1,368,000 | 820,000 | 689,000 | 664,000 | 642,000 | 285,000 | 319,000 | 291,000 |
| Real estate properties, gross | 1,525,102,000 | 1,541,703,000 | 1,554,591,000 | 1,568,653,000 | 1,086,809,000 | 1,109,173,000 | 1,005,647,000 | 776,301,000 |
| Accumulated depreciation | (251,956,000) | (218,628,000) | (175,720,000) | (157,356,000) | (131,220,000) | (101,835,000) | (70,484,000) | (48,234,000) |
| Real estate properties, net | 1,273,146,000 | 1,323,075,000 | 1,378,871,000 | 1,411,297,000 | 955,589,000 | 1,007,338,000 | 935,163,000 | 728,067,000 |
| Cash and cash equivalents | 18,886,000 | 30,082,000 | 28,187,000 | 21,321,000 | 25,305,000 | 70,129,000 | 16,138,000 | 12,301,000 |
| Restricted cash | — | — | — | — | — | 17,394,000 | 17,007,000 | 22,713,000 |
| Rents receivable, net | — | — | — | — | — | 32,112,000 | 26,095,000 | 20,087,000 |
| Restricted cash | 15,073,000 | 13,310,000 | 16,075,000 | 20,945,000 | 20,646,000 | — | — | — |
| Rents receivable, net | 52,311,000 | 53,454,000 | 44,429,000 | 30,415,000 | 32,968,000 | — | — | — |
| Deferred leasing costs, net | 25,291,000 | 21,046,000 | 21,989,000 | 20,327,000 | 16,829,000 | 12,393,000 | 10,402,000 | 7,793,000 |
| Acquired lease intangible assets, net | 34,631,000 | 42,434,000 | 55,438,000 | 68,925,000 | 44,143,000 | 67,533,000 | 75,501,000 | 65,088,000 |
| Prepaid expenses and other assets | — | — | — | — | — | — | 2,755,000 | 2,013,000 |
| Other assets | 23,744,000 | 27,975,000 | 29,450,000 | 28,283,000 | 15,758,000 | 17,061,000 | — | — |
| Assets held for sale | 12,588,000 | — | — | 0 | 46,054,000 | 4,514,000 | 17,370,000 | 38,427,000 |
| Total Assets | 1,455,670,000 | 1,511,376,000 | 1,574,439,000 | 1,601,513,000 | 1,157,292,000 | 1,228,474,000 | 1,100,431,000 | 896,489,000 |
| Liabilities and Equity | ||||||||
| Liabilities: | ||||||||
| Debt | 646,972,000 | 669,510,000 | 690,099,000 | 653,648,000 | 677,242,000 | 607,250,000 | 645,354,000 | 489,509,000 |
| Accounts payable and accrued liabilities | 34,535,000 | 29,070,000 | 35,753,000 | 27,101,000 | 25,414,000 | 28,786,000 | 25,892,000 | 17,605,000 |
| Deferred rent | 7,010,000 | 7,672,000 | 9,147,000 | 11,600,000 | 7,295,000 | 6,593,000 | 5,331,000 | 4,223,000 |
| Tenant rent deposits | 7,257,000 | 7,198,000 | 7,040,000 | 6,165,000 | 4,801,000 | 5,658,000 | 4,564,000 | 3,523,000 |
| Acquired lease intangible liabilities, net | 6,301,000 | 7,736,000 | 9,150,000 | 10,872,000 | 6,035,000 | 8,194,000 | 8,887,000 | 8,649,000 |
| Dividend distributions payable | — | — | — | — | — | — | 11,148,000 | 10,318,000 |
| Other liabilities | 16,879,000 | 17,557,000 | 20,076,000 | 21,532,000 | 18,099,000 | 22,794,000 | — | — |
| Liabilities related to assets held for sale | — | — | — | — | — | 67,000 | 878,000 | 2,830,000 |
| Liabilities related to assets held for sale | 2,176,000 | — | — | 0 | 531,000 | — | — | — |
| Total Liabilities | 721,130,000 | 738,743,000 | 771,265,000 | 730,918,000 | 739,417,000 | 679,342,000 | 702,054,000 | 536,657,000 |
| Equity: | ||||||||
| 6.625% Series A Preferred stock, $0.01 par value per share, 5,600,000 shares authorized, 4,480,000 issued and outstanding as of December 31, 2024 and 2023 | 112,000,000 | 112,000,000 | 112,000,000 | 112,000,000 | 112,000,000 | 112,000,000 | 112,000,000 | 112,000,000 |
| Common stock, $0.01 par value, 100,000,000 shares authorized, 40,154,055 and 39,938,451 shares issued and outstanding as of December 31, 2024 and 2023 | 401,000 | 399,000 | 397,000 | 435,000 | 433,000 | 545,000 | 395,000 | 360,000 |
| Additional paid-in capital | 442,329,000 | 438,867,000 | 436,161,000 | 482,061,000 | 479,411,000 | 577,131,000 | 377,126,000 | 334,241,000 |
| Retained earnings | 179,838,000 | 221,213,000 | 251,542,000 | 275,502,000 | (172,958,000) | (142,383,000) | (92,108,000) | (86,977,000) |
| Accumulated other comprehensive loss | (713,000) | (248,000) | 2,731,000 | (382,000) | (1,960,000) | 715,000 | — | — |
| Total Stockholders' Equity | 733,855,000 | 772,231,000 | 802,831,000 | 869,616,000 | 416,926,000 | 548,008,000 | 397,413,000 | 359,624,000 |
| Non-controlling interests in properties | 685,000 | 402,000 | 343,000 | 979,000 | 949,000 | 1,124,000 | 964,000 | 208,000 |
| Total Equity | 734,540,000 | 772,633,000 | 803,174,000 | 870,595,000 | 417,875,000 | 549,132,000 | 398,377,000 | 359,832,000 |
| Total Liabilities and Equity | 1,455,670,000 | 1,511,376,000 | 1,574,439,000 | 1,601,513,000 | 1,157,292,000 | 1,228,474,000 | 1,100,431,000 | 896,489,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.