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City Office REIT, Inc. (CIO)

NYSE: CIO · IEX Real-Time Price · USD
17.93 -0.06 (-0.33%)
Sep 24, 2021 12:28 PM EDT - Market open
Market Cap790.51M
Revenue (ttm)160.58M
Net Income (ttm)46.32M
Shares Out43.55M
EPS (ttm)1.06
PE Ratio16.90
Forward PE6.05
Dividend$0.60 (3.35%)
Ex-Dividend DateOct 7, 2021
Volume78,787
Open17.94
Previous Close17.99
Day's Range17.82 - 18.08
52-Week Range5.94 - 18.42
Beta1.63
AnalystsBuy
Price Target17.67 (-1.5%)
Est. Earnings DateNov 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).

IndustryEquity Real Estate Investment Trusts (REITs)
IPO DateApr 15, 2014
CEOJames Farrar
Employees20
Stock ExchangeNYSE
Ticker SymbolCIO
Full Company Profile

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 Statements

Analyst 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.

Price Target
$17.67
(-1.45% downside)
Analyst Consensus: Buy

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...

1 week ago - PRNewsWire

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.

1 month ago - The Motley Fool

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.

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

2 months ago - Zacks Investment Research

CIO vs. ILPT: Which Stock Should Value Investors Buy Now?

CIO vs. ILPT: Which Stock Is the Better Value Option?

Other symbols:ILPT
2 months ago - Zacks Investment Research

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...

2 months ago - PRNewsWire

City Office REIT Announces Dividends for Second Quarter 2021

VANCOUVER--(BUSINESS WIRE)--City Office REIT Announces Q2 2021 Dividend

3 months ago - Business Wire

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?

4 months ago - Zacks Investment Research

City Office REIT Reports First Quarter 2021 Results

VANCOUVER--(BUSINESS WIRE)--City Office REIT (CIO) Announces Q1 2021 Earnings Results

4 months ago - Business Wire

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

5 months ago - Business Wire

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 ...

6 months ago - Business Wire

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?

6 months ago - Zacks Investment Research

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

6 months ago - Business Wire

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.

7 months ago - Business Wire

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.

7 months ago - Seeking Alpha

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...

8 months ago - Zacks Investment Research

3 'Must-Have' Small-Cap REITs To Own In 2021

I'm not recommending market timing, which is downright dangerous, especially since there are many risk factors weighing on REITs these days.

Other symbols:CLPRDEA
8 months ago - Seeking Alpha

Mining For Small-Cap REIT Gems

There are acres and acres worth of common “stones” available out there. Some of them are obviously not worth picking up.

Other symbols:GMRE
9 months ago - Seeking Alpha

An Empire (Realty Trust) State Of Mind

The REIT sectors benefitting from today's structural tailwinds include cell towers, data centers, life science, and single-family residential. We need to use caution to properly adapt to the changes aro...

Other symbols:BXPESRTKRCSLG
9 months ago - Seeking Alpha

Top Ranked Income Stocks to Buy for November 16th

Top Ranked Income Stocks to Buy for November 16th

Other symbols:EFCNLYRC
10 months ago - Zacks Investment Research

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...

10 months ago - Seeking Alpha

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

10 months ago - Seeking Alpha