City Office REIT Inc Q3 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : Jamie, in your prepared remarks, you talked about some renewal discussions that you're having with a tenant right now. Can you provide some additional color on that? I guess, is that one of the large expirations that we expect in '21? Was that at the Florida Research Park or Carillon Point? I guess, which lease are we talking about?

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : And then can you talk a little bit about the 2 larger expirations you had in '21? I believe you have a Florida Research Park and Carillon Point. I mean, how are those discussions going? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. NOVEMBER 05, 2020 / 4:00PM, CIO.N - Q3 2020 City Office REIT Inc Earnings Call

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : Okay. And then, I guess, excluding those 2 large lease expirations, I mean, you have, what, about 400,000 square feet expiring next year. Can you kind of talk a little bit about, I guess, where are those tenants and what's the expected retention ratio or progress that you've made on some of those discussions?

Question: Michael Albert Carroll - RBC Capital Markets, Research Division - Analyst : Okay. And I know, Tony, you had, obviously, in the past few quarters, which you reduced your bad debt expectations for 2020. I mean, going into '21, I mean, how should we think about bad expectations moving forward? Is it going to be more in line with that historical run rate? Or are we kind of away from those pretty conservative estimates that you had in the beginning of the year?