I N V ES TOR P R ES EN TATION N Y S E: CIO FORWARD LOOKING - PDF document

I N V ES TOR P R ES EN TATION N Y S E: CIO

FORWARD LOOKING STATEMENTS Certain statements contained in this presentation, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements within the meaning of the federal securities laws and as such are based upon City Office REIT, Inc. (or the “Company”) and its current beliefs as to the outcome and timing of future events. There can be no assurance that actual future developments affecting the Company will be those anticipated by the Company. Examples of forward-looking statements include projected capital resources, projected profitability and portfolio performance, estimates of market rental rates, projected capital improvements, expected sources of financing, expectations as to the timing of closing of acquisitions, dispositions, or other transactions, the expected operating performance of anticipated near-term acquisitions and descriptions relating to these expectations, including without limitation, the anticipated net operating income yield. Forward-looking statements presented in this presentation are based on management’s beliefs and assumptions made by, and information currently available to, management. When used, the words “anticipate,” “believe,” “expect,” “intend,” “may,” “might,” “plan,” “estimate,” “project,” “should,” “will,” “result” and similar expressions that do not relate solely to historical matters are intended to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. Forward-looking statements involve risks and uncertainties (some of which are beyond the Company’s control) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: changes in the real estate industry and in performance of the financial markets; competition in the leasing market; the demand for and market acceptance of our properties for rental purposes; the amount and growth of our expenses; tenant financial difficulties and general economic conditions, including interest rates, as well as economic conditions in our geographic markets; defaults or non-renewal of leases; risks associated with joint venture partners; the risks associated with the ownership and development of real property, including risks related to natural disasters; risks associated with property acquisitions, the failure to acquire or sell properties as and when anticipated; the outcome of claims and litigation involving or affecting the Company; the ability to satisfy conditions necessary to close pending transactions; our failure to maintain our status as real estate investment trust, or REIT; and other risks and uncertainties detailed in the Company’s news releases and filings with the Securities and Exchange Commission, including but not limited to the Company’s report on Form 10-Q and Form 8-K in the Company’s SEC filings. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, the Company’s business, financial condition, liquidity, cash flows and results could differ materially from those expressed in any forward-looking statement. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. Any forward-looking statements speak only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for us to predict the occurrence of those matters or the manner in which they may affect us. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Use caution in relying on past forward-looking statements, which were based on results and trends at the time they were made, to anticipate future results or trends.

City Center, St. Petersburg, FL

5 AmberGlen, Portland, OR

CITY OFFICE REIT (NYSE: CIO) Corporate Overview City Office REIT owns quality office properties in high growth markets primarily in the Southern and Western United States. › Focused on creating stockholder value through a targeted acquisition strategy and internal cash flow growth › City Office REIT owns 2.4 million square feet of office properties at March 31, 2015. Our properties are generally: › Well located within each market in either the central business district (CBD) or leading submarkets › Located in vibrant, growing markets with strong leasing fundamentals › Occupied by a high percentage of quality credit tenants › In good condition having undergone substantial capital improvements › Managed by leading local operating groups › Experienced management team; strong alignment of interests with management and Board of Directors owning ~13% of CIO › Completed $82.3 million IPO in April 2014 › Completed $53.3 million offering in December 2014 › Initiated $0.94 per share annualized dividend distribution 6 CITY O FFICE RE I T

CORPORATE STRATEGY Focused Acquisition Strategy › Concentrated on thriving markets with leading economic fundamentals › Well located Class A and B office properties in both the CBD and key amenity rich, transit-oriented suburban locations › High percentage of credit tenants with stable rent rolls › Purchase price at a material discount to replacement cost › Acquisition prices generally between $20 to $50 million; a less competitive market segment › Typical target acquisition cap rates between 7.0% and 9.0% PRIMARY TARGET MARKETS SEATTLE PORTLAND BOISE SALT LAKE CITY DENVER PHOENIX DALLAS AUSTIN HOUSTON ORLANDO SAN ANTONIO TAMPA 7

CORPORATE STRATEGY Internal Cash Flow Growth Initiatives › Contractual rental rate escalations › Lease-up portfolio vacancy (~133,000 SF of vacancy at March 31, 2015) › Implement cost savings and cost management programs › Create additional value through lease term extensions Central Fairwinds, Orlando, FL 8 CITY O FFICE RE I T

PRIMARY TARGET MARKETS Focused on Markets with Desirable Attributes for Office Real Estate › Strong economic fundamentals and demographics › Growing population trends › Diverse employment base with national and international employers › Educated workforce › Low-cost centers for businesses to operate › State capital or university concentration › Demonstrated recovery in local real estate conditions % JOB GROWTH FROM JUNE 2009 TO MARCH 2015 25.0% 22.0 20.0% 16.9 16.4 16.3 14.8 15.0% Job Growth (%) 12.4 12.3 11.6 11.3 10.5 10.3 10.3 10.0% 7.9 6.4 5.0% 0.0% Gateway Austin, TX Houston, TX Orlando, FL Dallas, TX San Antonio, TX Denver, CO Phoenix, AZ Portland, OR Denver, CO Tampa, FL Seattle, WA Salt Lake City, UT USA Markets Source: U.S. Bureau of Labor Statistics. PROJECTED POPULATION GROWTH ESTIMATES FROM 2010 TO 2020 25.0% 22.8 20.0% Population Growth (%) 17.7 17.6 1 7.4 16.9 15.9 15.9 14.8 15.0% 13.3 13.1 10.7 10.5 10.0% 7.1 7.1 5.0% 0.0% Gateway Austin, TX Houston, TX Orlando, FL San Antonio, TX Denver, CO Boise, ID Dallas, TX Phoenix, AZ Salt Lake City, UT Seattle, WA Portland, OR Tampa, FL USA Markets Source: SNL Financial LLC. 9

EXECUTION SINCE IPO Deployed IPO and Offering Proceeds into Four Accretive Transactions for $90 million at an 8.2% Weighted Average Capitalization Rate › Plaza 25, a 196,803 sq. ft. office complex in the heart of Denver’s Greenwood Village acquired for $25.1 million › Lake Vista Pointe, a 163,336 sq. ft. office property in Dallas’ rapidly growing Lewisville submarket acquired for $28.4 million › Florida Research Park, a 124,500 sq. ft. office property in Orlando’s Central Florida Research Park acquired for $26.5 million › Logan Tower, a 69,968 sq. ft. office property in Denver, Colorado acquired for $10.5 million Materially Enhanced Portfolio Operational Metrics › 38% increase in portfolio’s annualized base rent since December 31, 2013 › In-place occupancy increased from 89.4% to 93.7% Strengthened Balance Sheet › Closed $61 million of long-term financing at a weighted average fixed interest rate of 4.4% › Completed a 4.3 million share offering for $53.3 million Commenced Attractive Dividend Distribution › Declared quarterly dividend distribution at a $0.94 annualized rate Strong Acquisition Pipeline › Identified over $200 million of available office properties representing approximately 1 million square feet PORTFOLIO FUNDAMENTALS * High Quality Properties Positioned for Stable Income and Capital Appreciation › Current portfolio occupancy of 93.7% › Weighted average lease term of 4.6 years › Desirable tenant profile; 48.7% of base rental revenue derived from government agencies (predominantly state credit), investment grade or their subsidiaries › Favorable rental growth characteristics › ~2.6% contractual base rental rate escalations over the next three years › Benefit from low in-place rental rates. Weighted average gross equivalent rental rate of $19.88; significantly lower than required rents to support new development › Attractive implied real estate cost base, materially below estimated replacement cost * As of March 31, 2015. 10 CITY O FFICE RE I T