Investor Presentaiton
2021 OUTLOOK
REVISED 2021 GUIDANCE (1)
Previous
Updated
Full Year 2021
Low
Net Operating Income
High
Low
High
$98.5M $100.5M $104.5M $106.0M
December 31, 2021 Occupancy
88.5%
90.5% 87.0%
89.0%
Same Store Cash NOI Growth
1.0%
2.5%
1.5%
2.5%
Core FFO per Share
$1.28
$1.31
$1.40
$1.43
Mission City, San Diego
New Fitness Center
CITY OFFICE REIT
COMMENTARY (1)
ā Life science sale not expected to have a significant impact on 2021 due
to timing; first closing is scheduled for December 2021
ā Core FFO per share and NOI expectations increased by:
Termination fee income associated with value-enhancing lease
transaction at Park Tower
December 31, 2021 Occupancy decreased primarily due to transitional
vacancy at Park Tower associated with the value-enhancing lease
transaction
Mission City, San Diego
2375
(1)
See the Company's Q2 2021 earnings press release for further discussion of the material assumptions underlying the Company's guidance. This outlook reflects management's current view of current and
future operations and market conditions, which management cannot guarantee will occur as expected, or at all, including the impact of the COVID-19 pandemic, which is impossible to predict
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