City Office REIT, Inc. (CIO)
| Market Cap | 218.84M |
| Revenue (ttm) | 173.53M |
| Net Income (ttm) | -17.06M |
| Shares Out | 40.15M |
| EPS (ttm) | -0.43 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.40 (7.34%) |
| Ex-Dividend Date | Oct 10, 2024 |
| Volume | 448,669 |
| Open | 5.27 |
| Previous Close | 5.33 |
| Day's Range | 5.27 - 5.51 |
| 52-Week Range | 4.02 - 6.63 |
| Beta | 1.98 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | Oct 31, 2024 |
About CIO
City Office REIT, Inc. (the “Company”) was organized in the state of Maryland on November 26, 2013. On April 21, 2014, the Company completed its initial public offering (“IPO”) of shares of the Company’s common stock. The Company contributed the net proceeds of the IPO to City Office REIT Operating Partnership, L.P., a Maryland limited partnership (the “Operating Partnership”), in exchange for common units of limited partnership interest in the Operating Partnership (“common units”). [Read more]
Financial Performance
Financial StatementsNews
City Office: Cash Flow Growth, Proven Strategy, And Extremely Undervalued
City Office REIT has demonstrated consistent cash flow growth through strategic investments in growth real estate markets and a robust stock repurchase program.
City Office REIT Provides Update on Impactful Leasing
VANCOUVER , Dec. 18, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that it has signed a 60,000 square foot lease with an existing tena...
City Office REIT: Undervalued As Fed Cuts Rates
City Office REIT trades at a remarkably cheap 3.2x annualized fiscal 2024 third-quarter free cash flow, with a 31% free cash flow yield on market cap. Despite a high debt load, CIO's free cash flow co...
City Office REIT Announces Dividends for Fourth Quarter 2024
VANCOUVER , Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amo...
Cash COWs And Buried Treasures: 2024 Performance Review
About a year ago, I published two proposed portfolios: Cash COWs, (high-yield and strong dividend safety), and Buried Treasures, (undervalued, high-yielding, with strong balance sheets and growth). T...
City Office REIT, Inc. (CIO) Q3 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Treasurer and Corporate Secretary Jamie Fa...
City Office REIT Reports Third Quarter 2024 Results
VANCOUVER , Oct. 31, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2024. Third Q...
City Office REIT Announces Third Quarter 2024 Earnings Release and Conference Call
VANCOUVER , Oct. 8, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2...
City Office REIT: The Preferreds Are Still Too Discounted, 8.7% Dividend Yield
City Office REIT's preferreds still trade at a 24% discount to their liquidation value, as Fed rate cuts should drive further yield compression. The REIT is set to see its year-end occupancy come in b...
Team8 Report: Phishing and Deepfakes Emerge as the Leading AI-Powered Threats, While Cybersecurity Budgets Continue to Rise
TEL AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Team8 today released its annual CISO Survey taken at Team8's annual CISO Summit.
City Office REIT Announces Dividends for Third Quarter 2024
VANCOUVER , Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend am...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
City Office REIT, Inc. (CIO) Q2 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Secretary & Treasurer Jamie Farrar - Chief E...
City Office REIT Reports Second Quarter 2024 Results
VANCOUVER , Aug. 1, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2024. Second Quarte...
City Office REIT: I Will Buy More 9.4% Yielding Preferred Shares
City Office REIT's preferred dividend payments are fully covered by FFO and AFFO. The REIT's balance sheet is relatively robust, with a decreasing LTV ratio. The preferred shares offer an attractive 9...
City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call
VANCOUVER , June 28, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended June 30, 2024,...
City Office REIT Announces Dividends for Second Quarter 2024
VANCOUVER , June 14, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amo...
10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
City Office REIT: The 8.4% Dividend Yield Looks Stable
City Office REIT is paying out an 8.4% dividend yield that's fully secured against its 2024 core FFO guidance. The REIT is trading at a low 4.12x multiple to the midpoint of its guidance. I've been bu...
City Office REIT, Inc. (CIO) Q1 2024 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants James Farrar - Chief Executive Officer & Director Anthony Maretic - Chief Financial Off...
City Office REIT Reports First Quarter 2024 Results
VANCOUVER , May 3, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended March 31, 2024. First Quarter...
City Office REIT Announces First Quarter 2024 Earnings Release and Conference Call
VANCOUVER , April 5, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended March 31, 2024...
City Office REIT Announces Dividends for First Quarter 2024
VANCOUVER , March 15, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend am...
3 Risky Office REITs (Dumpster Fire Alert)
Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently unde...
I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds
City Office REIT's preferreds are a strong investment with a 9.7% yield on cost and the ability to cover annual preferred payments with core FFO generated in a single quarter. The REIT's lease expirat...