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City Office Reit Inc   (CIO)
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Price: $4.1900 $-0.01 -0.238%
Day's High: $4.215 Week Perf: -4.34 %
Day's Low: $ 4.09 30 Day Perf: -12.53 %
Volume (M): 226 52 Wk High: $ 7.12
Volume (M$): $ 948 52 Wk Avg: $5.13
Open: $4.17 52 Wk Low: $3.46



 Market Capitalization (Millions $) 169
 Shares Outstanding (Millions) 40
 Employees 79
 Revenues (TTM) (Millions $) 179
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 32

City Office Reit Inc
City Office REIT Inc (CIO) is a US-based real estate investment trust that primarily invests in commercial office properties across key metropolitan areas in the United States. The company's portfolio consists of more than 70 properties, including office buildings and retail spaces, covering approximately3 million square feet. City Office REIT primarily focuses on properties that are located in central business districts, suburban business centers, and other strategic locations with easy access to transportation and amenities.

The company's properties are spread out across 13 states, including Arizona, Florida, Georgia, Missouri, Tennessee, and Texas, among others. City Office REIT's portfolio is diversified across a wide range of tenants, including government agencies, financial institutions, technology companies, and professional service providers, among others. The company's tenant base is also diverse in terms of industry, with no single tenant accounting for more than 5% of the company's total annualized base rent.

City Office REIT's business model is centered around generating cash flow through rental income from its properties. The company's leasing strategy is designed to lease office space to high-quality tenants for the long term, typically three to five years, with regular rent increases built into the lease agreements. The company's active asset management approach ensures that the properties are well-maintained and perform well in the market.

One of City Office REIT's key strengths is its extensive experience in the commercial office real estate sector. The company's management team has a combined 100+ years of experience in the industry and has demonstrated success in acquiring, managing, and operating quality office properties. The company's financial performance has also been strong in recent years, with steady growth in net operating income and funds from operations.

In conclusion, City Office REIT Inc is a real estate investment trust primarily focused on commercial office properties in key metropolitan areas across the United States. The company's portfolio is diversified across a wide range of tenants and industries, and its leasing strategy is designed to generate steady cash flow through long-term lease agreements with regular rent increases. With a experienced management team and a strong financial track record, City Office REIT is well-positioned to continue delivering value to its shareholders.


   Company Address: 666 Burrard Street Vancouver 0 BC
   Company Phone Number: 806-3366   Stock Exchange / Ticker: NYSE CIO
    Next quarterly dividend pay out on June 10, 2024.


   

Stock Performances by Major Competitors

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Dividend

City Office REIT Delivers Stellar Performance, Expands Dividend to Reward Shareholders

Published Fri, Mar 15 2024 8:05 PM UTC

City Office REIT, Inc. Announces Quarterly Dividend Increase Amidst Strong Financial Performance
VANCOUVER, March 15, 2024 - City Office REIT, Inc. (NYSE: CIO) (City Office, CIO, or the Company) is pleased to announce that its Board of Directors has authorized a quarterly dividend increase to $0.10 per share of common stock and common unit of partnership interest for the...

City Office Reit Inc

City Office Reit Inc Defies Expectations with Reduced Net Deficit in Financial Fourth Quarter of 2023

The Real Estate Investment Trusts industry has seen some fluctuations in the financial fourth quarter of 2023, but City Office Reit Inc has managed to show some improvement despite the challenges. With a decrease in revenue compared to the previous year, the company has been able to reduce their net deficit significantly.
The strong signal of rising demand is also evident in the build-up of accounts receivable, showing that City Office Reit Inc is attracting more business and increasing their customer base. This is a positive sign for investors looking to capitalize on the growth potential of the company.

City Office Reit Inc

Restructured Approach Boosts City Office REIT Inc's Earnings, Overcoming Fiscal Challenges Closing Sep 30, 2023



City Office Reit Inc, a Real Estate Investment Trust (REIT), experienced a significant slump in revenue and diminishing returns in the most recent fiscal period, reflecting a concerning decline for the company. This bearish article will delve into the reasons behind this decline, highlighting the potential risks and challenges that City Office Reit Inc faces in the real estate market.
Depleting Demand and Revenue Decline
In the most recent fiscal period, City Office Reit Inc witnessed a notable decline in demand, resulting in a concerning -2.873% decrease in revenue to $44.21 million. Compared to the previous reporting season, where the company achieved a per share deficit of $0.05, this indicates a negative trend as it worsened from the previously reported figure of $0.00 per share in the same period a year prior.

City Office Reit Inc

City Office Reit Inc Faces Dismal Fiscal Performance Amid Declining Demand

The stock market can be a roller coaster ride, with ups and downs that can make even the most experienced investors dizzy. However, there are always opportunities to be found, even in challenging times. The recent financial interval closing June 30, 2023, may have seen weakening demand and losses in the market, but there are still reasons to be hopeful.
One company that stood out amidst the negative trend is City Office Reit Inc. While revenue fell by -1.965% to $44.60 million, and the deficit per share increased to $-0.06, it is important to note that these numbers are in proportion to the previous year's reporting period. In fact, in comparison to the Real Estate Investment Trusts sector as a whole, which saw a decrease in revenue, City Office Reit Inc managed to post a top-line 3.56% rise in the second quarter of 2023.

City Office Reit Inc

Diminishing Returns Faces Decline in Earnings Per Share in Q1 2023, Despite Overall Growth

Diminishing Returns, a company known for its innovative approach to business, has been expanding rapidly over the past few quarters. However, for the first quarter of 2023, the company experienced a decline in their earnings per share compared to the previous year.
During the first quarter of 2023, the company reported a negative EPS of $0.03 per share, which was a significant drop from the $0.51 EPS that was reported a year ago. Despite this, there was an improvement from the preceding quarter, where they had an EPS of $-0.18 per share.






 

City Office Reit Inc's Segments
 
 
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City Office Reit Inc does not provide revenue guidance.

Earnings Outlook
City Office Reit Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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