City Office REIT, Inc. (CIO)
| Market Cap | 790.51M |
| Revenue (ttm) | 160.58M |
| Net Income (ttm) | 46.32M |
| Shares Out | 43.55M |
| EPS (ttm) | 1.06 |
| PE Ratio | 16.90 |
| Forward PE | 6.05 |
| Dividend | $0.60 (3.35%) |
| Ex-Dividend Date | Oct 7, 2021 |
| Volume | 78,787 |
| Open | 17.94 |
| Previous Close | 17.99 |
| Day's Range | 17.82 - 18.08 |
| 52-Week Range | 5.94 - 18.42 |
| Beta | 1.63 |
| Analysts | Buy |
| Price Target | 17.67 (-1.5%) |
| Est. Earnings Date | Nov 4, 2021 |
About CIO
City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).
Financial Performance
In 2020, CIO's revenue was $160.84 million, an increase of 2.91% compared to the previous year's $156.30 million. Earnings were $4.53 million, an increase of 151.78%.
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for CIO stock is "Buy." The 12-month stock price forecast is 17.67, which is a decrease of -1.45% from the latest price.
News
City Office REIT Announces Dividends for Third Quarter 2021
VANCOUVER, Sept. 16, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0...
City Office REIT Jumps 27% on a Massive Deal That Could Repay Its Entire Debt
The deal should mean big returns for shareholders in this 4.7%-yielding stock.
City Office REIT (CIO) Signs $576M Life-Science Asset Sale Deal
City Office REIT's (CIO) latest move comes as part of the company's strategy to boost its portfolio through buyouts in thriving regions through the deployment of sale proceeds.
City Office REIT Announces Agreements to Sell Life Science Portfolio for $576 Million
VANCOUVER, Aug. 20, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has entered into definitive agreements to sell all of its holdings in...
City Office REIT (CIO) Beats Q2 FFO and Revenue Estimates
City Office REIT (CIO) delivered FFO and revenue surprises of 9.38% and 2.75%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
City Office REIT Reports Second Quarter 2021 Results
VANCOUVER, Aug. 5, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2021. Second Quarter H...
Should Value Investors Choose City Office REIT (CIO) Stock?
Let's see if City Office REIT (CIO) stock is a good choice for value-oriented investors right now from multiple angles.
CIO vs. ILPT: Which Stock Should Value Investors Buy Now?
CIO vs. ILPT: Which Stock Is the Better Value Option?
City Office REIT Announces Second Quarter 2021 Earnings Release and Conference Call
VANCOUVER, July 6, 2021 /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, 2021, bef...
City Office REIT Announces Dividends for Second Quarter 2021
VANCOUVER--(BUSINESS WIRE)--City Office REIT Announces Q2 2021 Dividend
City Office REIT (CIO) Tops Q1 FFO Estimates
City Office REIT (CIO) delivered FFO and revenue surprises of 6.45% and -0.07%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?
City Office REIT Reports First Quarter 2021 Results
VANCOUVER--(BUSINESS WIRE)--City Office REIT (CIO) Announces Q1 2021 Earnings Results
City Office REIT Announces First Quarter 2021 Earnings Release and Conference Call
VANCOUVER--(BUSINESS WIRE)--City Office REIT, Inc. (CIO) Announces Q1 2021 Earnings Conference Call
City Office REIT Announces Dividends for First Quarter 2021
VANCOUVER--(BUSINESS WIRE)--City Office REIT, Inc. (NYSE: CIO) (“City Office” or the “Company”) announced today that its Board of Directors has authorized a quarterly dividend amount of $0.15 per share ...
City Office REIT (CIO) Q4 FFO Meet Estimates
City Office REIT (CIO) delivered FFO and revenue surprises of 0.00% and -0.51%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?
City Office REIT Reports Fourth Quarter and Full Year 2020 Results
VANCOUVER--(BUSINESS WIRE)--City Office REIT CIO Announces Fourth Quarter and Full Year 2020 Results
City Office REIT Announces $95.0 Million Property Sale
VANCOUVER--(BUSINESS WIRE)--City Office REIT, Inc. (NYSE: CIO) announced that it has completed the sale of its Cherry Creek property in Denver, Colorado.
City Office REIT: An Attractive Play On Office Space
City Office REIT has seen some pain caused by the COVID-19 pandemic. There is some long-term uncertainty regarding the business, but a return to normalcy would be very attractive.
Are Investors Undervaluing City Office REIT (CIO) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...
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City Office REIT: Dirt Cheap With An 8% Yield
City Office REIT suffers from headline risk due to its exposure to Office real estate, but its fundamentals remain strong. Its strategic markets have seen less employment reductions than gateway markets...
City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q3 2020 Results - Earnings Call Transcript
City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q3 2020 Results - Earnings Call Transcript