Investor Presentaiton
RECENT HIGHLIGHTS AND 2022 OUTLOOK
CITY OFFICE REIT
FIRST QUARTER 2022
Core FFO per share of $0.40 and AFFO per share of $0.19
ā Highest Core FFO per share in the Company's history
Quarterly common dividend of $0.20 per share
Executed approximately 221,000 square feet of new and renewal leases
Invested approximately $800,000 on creation of spec suites and vacancy conditioning to enhance leasing prospects
2022 GUIDANCE (1)
Full Year 2022
Planned Acquisitions
Planned Dispositions
Net Operating Income
Core FFO per Share
December 31, 2022 Occupancy
Same Store Cash NOI Change
Low
High
$0.0M
$0.0M
$0.0M $44.0M
$113.0M $115.0M
$1.56
$1.60
86.5% 88.5%
(6.0%) (4.0%)
Midpoint of 2022 Core FFO per Share guidance is 16% higher
than actual 2021 Core FFO per Share
Same Store Cash NOI Change impacted by several
anticipated move-outs and free rent periods in 2022
Assumes no capital raising or share repurchases
Amenity Deck, Block 23, Phoenix
(1)
See the Company's Q4 2021 and Q1 2022 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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