City Office REIT Inc (NYSE:CIO)
$ 4.77 0.06 (1.27%) Market Cap: 191.53 Mil Enterprise Value: 942.25 Mil PE Ratio: 0 PB Ratio: 0.29 GF Score: 73/100

City Office REIT Inc Annual Shareholders Meeting Transcript

May 06, 2021 / 04:00PM GMT
Release Date Price: $11.19 (+1.45%)
Operator

Hello, and welcome to the 2021 Annual Meeting of Stockholders of City Office REIT. Please note that today's meeting is being recorded. (Operator Instructions)

It is now my pleasure to turn today's meeting over to Mr. John McLernon. Sir, the floor is yours.

John R. McLernon
City Office REIT, Inc. - Independent Chairman of the Board

Thank you. Good morning, and welcome to the 2021 Annual Meeting of Stockholders of City Office REIT. I am John McLernon, Chairman of the Board of Directors of the company, and I will act as Chairman of this meeting. Our company achieved strong results in 2020 despite challenging macroeconomic conditions caused by the COVID-19 pandemic. We took swift and proactive measures to optimally position the company during the pandemic. And to date, these measures have proven successful. In 2020, the company increased earnings per share metrics over the prior years, collected over 99% of the contractual base rent, executed over 1 million square feet of new and renewal leases and lowered leverage metrics below prior targets. The company

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