| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
65 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
87 |
| Net Income (TTM) (Millions $) |
14 |
| Cash Flow (TTM) (Millions $) |
10 |
| Capital Exp. (TTM) (Millions $) |
304 |
Business Description
Cole Office and Industrial REIT CCIT II, Inc. (CCIT II) is a real estate investment trust (REIT) headquartered in Phoenix, Arizona. It is a publicly traded company that specializes in investing in office and industrial properties in the United States. CCIT II is focused on acquiring and managing high-quality properties that are leased to creditworthy tenants across the country.
As a REIT, CCIT II is required by law to distribute at least 90% of its taxable income as dividends to its shareholders. This means that CCIT II provides an opportunity for investors to invest in high-quality real estate assets that generate steady, reliable income streams.
CCIT II's real estate portfolio is diversified across multiple property types and geographic locations. The company invests in high-quality office and industrial properties located in major metropolitan areas across the United States. As of 2021, CCIT II's portfolio consists of 156 properties, totaling approximately 25 million square feet of rentable space.
CCIT II's properties are leased to a diverse tenant base, including national and regional corporate tenants, government agencies, and non-profit organizations. The company's focus on acquiring properties leased to creditworthy tenants helps to reduce the risk of tenant defaults and helps to ensure stable rental income streams.
CCIT II is managed by Cole Capital, a leading real estate investment management company that specializes in managing real estate investments for individual investors. Cole Capital was founded in 1979 and has over 40 years of experience managing real estate assets.
In conclusion, CCIT II is a publicly traded REIT that invests in high-quality office and industrial properties located in major metropolitan areas across the United States. The company's focus on acquiring properties leased to creditworthy tenants helps to reduce risk and ensure stable rental income streams. With its diversified portfolio of properties and experienced management team, CCIT II provides an attractive investment opportunity for investors seeking steady, reliable income from real estate investments.
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