City Office REIT, Inc. (CIO)

NYSE: CIO · IEX Real-Time Price · USD
6.11
-0.12 (-1.93%)
At close: Dec 29, 2023, 4:00 PM
6.00
-0.11 (-1.80%)
After-hours: Dec 29, 2023, 7:15 PM EST
-1.93%
Market Cap 244.02M
Revenue (ttm) 179.39M
Net Income (ttm) -19.86M
Shares Out 39.94M
EPS (ttm) -0.47
PE Ratio n/a
Forward PE 384.62
Dividend $0.40 (6.55%)
Ex-Dividend Date Jan 9, 2024
Volume 218,376
Open 6.17
Previous Close 6.23
Day's Range 6.09 - 6.23
52-Week Range 3.46 - 10.24
Beta 1.73
Analysts Buy
Price Target 9.50 (+55.48%)
Earnings Date Feb 22, 2024

About CIO

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Apr 15, 2014
Employees 23
Stock Exchange NYSE
Ticker Symbol CIO
Full Company Profile

Financial Performance

In 2022, CIO's revenue was $180.49 million, an increase of 10.02% compared to the previous year's $164.04 million. Earnings were $9.57 million, a decrease of -97.99%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for CIO stock is "Buy." The 12-month stock price forecast is $9.5, which is an increase of 55.48% from the latest price.

Price Target
$9.5
(55.48% upside)
Analyst Consensus: Buy
Stock Forecasts

News

City Office REIT Announces Dividends for Fourth Quarter 2023

VANCOUVER , Dec. 15, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amo...

16 days ago - PRNewsWire

City Office REIT Reports Third Quarter 2023 Results

VANCOUVER , Nov. 9, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2023. Third Qu...

7 weeks ago - PRNewsWire

City Office REIT Announces Third Quarter 2023 Earnings Release and Conference Call

VANCOUVER , Oct. 5, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2...

3 months ago - PRNewsWire

City Office REIT Announces Dividends for Third Quarter 2023

VANCOUVER , Sept. 15, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend am...

3 months ago - PRNewsWire

City Office REIT Reports Second Quarter 2023 Results

VANCOUVER , Aug. 3, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2023. Second Quarte...

5 months ago - PRNewsWire

City Office REIT Announces Second Quarter 2023 Earnings Release and Conference Call

VANCOUVER , June 30, 2023 /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, 2023,...

6 months ago - PRNewsWire

Do you need investment income? Here are 20 REIT stocks with dividends expected to be well supported through 2025.

Investors have good reason to be concerned about the real-estate market. It has been obvious for decades that the U.S. has too many retail properties, and now, changing work habits promise to put down...

7 months ago - Market Watch

City Office REIT Announces Dividends for Second Quarter 2023

VANCOUVER , May 5, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amoun...

8 months ago - PRNewsWire

City Office REIT Reports First Quarter 2023 Results

VANCOUVER , May 5, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended March 31, 2023. First Quarter...

8 months ago - PRNewsWire

City Office REIT Announces First Quarter 2023 Earnings Release and Conference Call

VANCOUVER , April 10, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended March 31, 202...

9 months ago - PRNewsWire

City Office REIT Announces Dividends for First Quarter 2023

VANCOUVER , March 14, 2023 /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...

10 months ago - PRNewsWire

City Office REIT Announces New Board Member and Board Role Changes

VANCOUVER , Feb. 23, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") today announced the appointment of a new member to the Company's Board of Directors (the "...

11 months ago - PRNewsWire

City Office REIT Reports Fourth Quarter and Full Year 2022 Results

VANCOUVER , Feb. 23, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter and full year ended December 31, ...

11 months ago - PRNewsWire

City Office REIT Announces Tax Treatment of 2022 Distributions

VANCOUVER , Jan. 30, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2022 distributions to holders of the Company's common stock and 6...

11 months ago - PRNewsWire

City Office REIT Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

VANCOUVER , Jan. 12, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter and year ended Decem...

1 year ago - PRNewsWire

City Office REIT Announces Dividends for Fourth Quarter 2022

VANCOUVER , Dec. 15, 2022 /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 ...

1 year ago - PRNewsWire

City Office REIT Reports Third Quarter 2022 Results

VANCOUVER , Nov. 7, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2022. Third Qu...

1 year ago - PRNewsWire

City Office REIT Announces Third Quarter 2022 Earnings Release and Conference Call

VANCOUVER , Oct. 6, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2...

1 year ago - PRNewsWire

Check Out A REIT That Just Brought Back Its Dividend After Years - And Another High Yielder In The Sector

Real Estate Investment Trust REITs have emerged as an efficient diversification strategy to hedge against inflation, offering high dividend yields, strong long-term returns, and liquidity.

1 year ago - Benzinga

City Office REIT Announces Dividends for Third Quarter 2022

VANCOUVER , Sept. 15, 2022 /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...

1 year ago - PRNewsWire

City Office REIT Reports Second Quarter 2022 Results

VANCOUVER , Aug. 4, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2022. Second Quarte...

1 year ago - PRNewsWire

City Office REIT Announces Second Quarter 2022 Earnings Release and Conference Call

VANCOUVER , July 7, 2022 /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, 2022, ...

1 year ago - PRNewsWire

City Office REIT Announces Dividends for Second Quarter 2022

VANCOUVER , June 16, 2022 /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 ...

1 year ago - PRNewsWire

City Office REIT Announces Sale of Lake Vista Pointe Property for $43.8 Million

VANCOUVER , June 15, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that it has completed the previously announced sale of its Lake Vista Poin...

1 year ago - PRNewsWire

City Office REIT Reports First Quarter 2022 Results

VANCOUVER , May 5, 2022 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended March 31, 2022. First Quarter...

1 year ago - PRNewsWire