City Office REIT

City Office REIT, Inc. is a real estate investment trust. It focuses on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. The company was founded on November 26, 2013 and is headquartered in Vancouver, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

City Office REIT achieves record core FFO in 2022, eyes portfolio optimization for growth

City Office REIT (CIO) delivered strong financial performance in 2022, marked by record core FFO per share and strategic property transactions.
While facing challenges such as impairment charges and moderate growth outlook for 2023, CIO remains focused on optimizing its portfolio and driving earnings growth.
Opportunities lie in the company's emphasis on spec suites, divestment strategy, and market demand for renovated office spaces, positioning CIO for sustained value creation.
Investors should monitor CIO's execution of its 2023 strategy, including divestment plans and initiatives to enhance net operating income, for long-term performance indicators.

City Office REIT reports resilient Q1 performance amidst market challenges

City Office REIT (CIO) navigated market challenges in Q1 2023 with resilience, reporting solid financial performance and maintaining operational stability.
The company's strategic decisions to enhance liquidity, explore property disposition, and initiate a share repurchase program reflect a proactive stance towards future growth.
While facing market volatility and operational uncertainties, City Office REIT remains focused on optimizing its portfolio, engaging tenants, and creating long-term value for shareholders.
CEO Farrar's leadership and the team's commitment to financial discipline position City Office REIT to capitalize on opportunities and drive sustainable growth in the real estate sector.

City Office REIT reports solid Q2 performance amidst leasing challenges

City Office REIT's Q2 performance reflects positive leasing trends and financial stability, despite challenges in leasing volumes and asset occupancy.
The company's strengths lie in its focus on enhancing leasing prospects, maintaining liquidity, and driving value through rental growth.
While facing challenges such as slower leasing volumes and occupancy declines, City Office REIT has opportunities to optimize its portfolio and capitalize on strategic initiatives for growth.

City Office REIT reports robust Q3 performance amidst market challenges

City Office REIT delivered a strong performance in Q3 2023, with a focus on premium assets, financial stability, and strategic growth initiatives.
The company's proactive approach to managing debt, optimizing property performance, and exploring market opportunities positions it for long-term success.
While facing challenges in a competitive market environment, City Office REIT's strengths in asset quality, leasing strategies, and financial management provide a solid foundation for future growth.
By leveraging opportunities in rental rate growth, market dynamics, and capital optimization, City Office REIT aims to create sustainable value for shareholders and stakeholders.

City Office REIT reports strong 2023 performance and outlines 2024 guidance

City Office REIT's 2023 performance was solid, with positive market trends and a strong leasing pipeline for 2024.
Challenges with WeWork operations and analyst inquiries on debt and asset strategies were notable discussion points.
Opportunities lie in the current office market landscape, with potential for growth through strategic asset sales.
Guidance for 2024 indicates a focused approach on dispositions and maintaining core FFO per share.

City Office REIT (CIO) reports strong Q1 performance amidst market dynamics

City Office REIT (CIO) demonstrated strong financial performance and growth potential in Q1 2024, driven by new leases and strategic investments in property renovations.
While facing challenges such as guidance adjustments and debt management, the company remains well-positioned to capitalize on opportunities in the evolving office sector.
Overall, City Office REIT (CIO) shows resilience and proactive measures in navigating market dynamics, with a focus on enhancing portfolio value and driving income growth.

City Office REIT reports strong Q2 performance amidst market challenges

City Office REIT delivered strong financial results and showed improvements in leasing activity, positioning the company well in a challenging market.
Strategic property upgrades, potential mixed-use development, and reiterated guidance highlight a focus on long-term growth and value creation.
While facing challenges such as market liquidity and debt management, City Office REIT has opportunities to capitalize on industry trends and optimize its portfolio.
Overall, City Office REIT's performance, strengths, challenges, and opportunities suggest a balanced outlook with potential for growth and value creation.

City Office REIT (CIO) reports robust Q3 performance and optimistic outlook

City Office REIT (CIO) demonstrated strong financial performance and leasing activity in Q3 2024, leading to positive revisions in guidance categories.
The company's proactive approach to property renovations and value-enhancing opportunities, coupled with financial flexibility, positions them well for future growth.
While challenges exist in maintaining high occupancy levels and managing debt, City Office REIT (CIO) has opportunities to capitalize on industry trends and strengthen its market position.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

City Office REIT Inc (NYSE: CIO) shares are trading higher by 19% at $15.36 Monday morning after the company announced the sale of its Life Science assets for $576 million. RBC Capital analyst Michael Carroll also maintained City Office REIT with an Outperform rating and raised the price target from $16 to $19.

Why City Office REIT's Stock Reached A New 52-Week High Today

City Office sold a portion of its portfolio for $576 million. The value exceeded the equity value of the REIT prior to the sale.

City Office: Spectacular Deal

The shares of City Office REIT Inc (NYSE: CIO) increased by over 20% pre-market. This is why it happened.

City Office REIT Shares Increase Over 20% Pre-Market: Why It Happened

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 the Sorrento Mesa submarket of San Diego for $576 million. The transactions are expected to generate net proceeds, after estimated closing and transaction costs, of approximately $546 million, which equates to $12.38 per common share.

City Office REIT Announces Agreements to Sell Life Science Portfolio for $576 Million

City Office REIT, Inc. (CIO) CEO Jamie Farrar on Q2 2021 Results - Earnings Call Transcript

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 (CIO) Beats Q2 FFO and Revenue Estimates

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 Highlights Rental and other revenues were $40.0 million.

City Office REIT Reports Second Quarter 2021 Results

Let's see if City Office REIT (CIO) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Choose City Office REIT (CIO) Stock?

Industrial Logistics Properties

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

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

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, before the market opens on Thursday, August 5, 2021. City Office's management will hold a conference call at 11:00 am Eastern Time on August 5, 2021 to discuss the Company's financial results.

City Office REIT Announces Second Quarter 2021 Earnings Release and Conference Call

Urstadt Biddle Properties

Vici Properties

Starting in 1899, the auto industry took off exponentially, dipped for two years during World War I, then took off exponentially again during the 1920s.

Before The Real Estate Bubble (Of The 1920s), There Was Travelgeddon

Canadian Natural Resources

Caesarstone

E.ON SE

Energy Transfer LP Unit

Coca-Cola Femsa SAB de CV

MGM Growth Properties

Marathon Petroleum

OneMain Hld

Philip Morris

Rio Tinto plc Sponsored

Sibanye Stillwater

Ternium

June 21st, Seeking Alpha listed 60 "stocks yielding over 2% with bullish-ratings-or-better across three-factors." Over 1/3 match the Dogcatcher ideal of showing dividends from a $1K investment exceeding their single-share-prices. Analyst top-ten net-gain estimates for the Seeking Alpha Top Dividend (SATD) list ranged 18.12%-61.34% for MPC, OMF, CNQ, EONGY, KOF, ET, TX and top pick, SBSW per YCharts data.

Seeking Alpha Quants Reveal 60 Top Rated Dividend Possibilities

The company is operating in second-tier markets which have strong fundamentals and a positive outlook.

4 Reasons To Like City Office REIT

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

City Office REIT Announces Dividends for Second Quarter 2021

Global Medical REIT

I have to respect the do-it-yourself movement.

My Oh My, 2 Strong Buys (Revisited)

City Office REIT, Inc. (CIO) CEO James Farrar on Q1 2021 Results - Earnings Call Transcript

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 (CIO) Tops Q1 FFO Estimates

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

City Office REIT Reports First Quarter 2021 Results

Postal Realty Trust

I want to make sure the REITs I recommend are going to net me more than dividends. I want stock price appreciation too.

My Oh My, 2 Strong Buys

VANCOUVER--(BUSINESS WIRE)--City Office REIT, Inc. (CIO) Announces Q1 2021 Earnings Conference Call

City Office REIT Announces First Quarter 2021 Earnings Release and Conference Call

City Office owns properties in fast-growing secondary markets, with less competition for deals. I see management as being shareholder-friendly, and the recent lease renewals and steady results are encouraging.

5.6% Yield: City Office Sports A High Yield And Growth

Boston Properties

NETSTREIT Corp

W. P. Carey

I'm glad I stayed up because the matchup between UCLA and Gonzaga was a thriller.

The REIT Final Four: Winner Takes All

Clipper Realty

Alpine Income Property Trust

I'm suggesting these four “Cinderella” small-cap stories for your consideration. Our Small-Cap REIT Portfolio has returned an average 40% annually since inception in January 2016.

Cinderella Would Love These 4 Small-Cap Strong Buys

Broadmark Realty Capital Inc.

Community Healthcare Trust

Healthcare Trust of America

Innovative Industrial Properties

Kilroy Realty

Last week, I provided a list of our “sweet 16” REITs.

We're Down To These Elite 8 REITs

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 of common stock and common unit of partnership interest for the first quarter of 2021. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable on Apri

News for City Office REIT Stock (CIO)