City Office REIT Future Growth

Future criteria checks 0/6

City Office REIT's earnings are forecast to decline at 12.1% per annum while its annual revenue is expected to grow at 0.6% per year. EPS is expected to decline by 11.5% per annum.

Key information

-12.1%

Earnings growth rate

-11.5%

EPS growth rate

Office REITs earnings growth	66.6%
Revenue growth rate	0.6%
Future return on equity	n/a
Analyst coverage	Low
Last updated	11 Dec 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:5QV - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	177	N/A	N/A	N/A	2
12/31/2025	171	-20	N/A	58	4
12/31/2024	172	-18	N/A	60	2
9/30/2024	174	-17	59	59	N/A
6/30/2024	175	-14	61	61	N/A
3/31/2024	178	-11	60	60	N/A
12/31/2023	179	-10	57	57	N/A
9/30/2023	179	-20	58	58	N/A
6/30/2023	181	-18	59	59	N/A
3/31/2023	182	-14	106	106	N/A
12/31/2022	180	10	107	107	N/A
9/30/2022	176	455	105	105	N/A
6/30/2022	175	454	113	113	N/A
3/31/2022	169	453	72	72	N/A
12/31/2021	164	477	73	73	N/A
9/30/2021	164	44	78	78	N/A
6/30/2021	161	46	64	64	N/A
3/31/2021	160	45	65	65	N/A
12/31/2020	161	-3	60	60	N/A
9/30/2020	160	0	60	60	N/A
6/30/2020	158	-4	62	62	N/A
3/31/2020	159	-4	57	57	N/A
12/31/2019	156	-6	49	49	N/A
9/30/2019	151	-15	49	49	N/A
6/30/2019	146	-15	49	49	N/A
3/31/2019	135	-17	43	43	N/A
12/31/2018	129	31	42	42	N/A
9/30/2018	126	36	41	41	N/A
6/30/2018	118	36	N/A	36	N/A
3/31/2018	113	47	N/A	35	N/A
12/31/2017	106	-2	N/A	37	N/A
9/30/2017	97	-4	N/A	32	N/A
6/30/2017	91	-2	N/A	29	N/A
3/31/2017	82	1	N/A	18	N/A
12/31/2016	72	-3	N/A	19	N/A
9/30/2016	69	1	N/A	14	N/A
6/30/2016	65	0	N/A	10	N/A
3/31/2016	60	-13	N/A	16	N/A
12/31/2015	55	-7	N/A	14	N/A
9/30/2015	48	-4	N/A	14	N/A
6/30/2015	43	-4	N/A	10	N/A
3/31/2015	40	-6	N/A	8	N/A
12/31/2014	37	-5	N/A	8	N/A
9/30/2014	32	-9	N/A	7	N/A
6/30/2014	29	-7	N/A	9	N/A
3/31/2014	25	-4	N/A	9	N/A
12/31/2013	21	-4	N/A	7	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 5QV is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 5QV is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 5QV is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 5QV's revenue (0.6% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: 5QV's revenue (0.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if 5QV's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 02:05
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

City Office REIT, Inc. is covered by 16 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Merrill Ross	Boenning & Scattergood, Inc.
Craig Kucera	B. Riley Securities, Inc.
Barry Oxford	Colliers Securities

City Office REIT Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

City Office Reit, Inc. Provides Earnings Guidance for the Full Year 2024

City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2023

City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2022

City Office REIT, Inc. Provides Earnings Guidance for the Full Year 2022

City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2021

Recent updates

City Office REIT, Inc. Announces Quarterly Dividend for the Fourth Quarter 2024, Payable on January 23, 2025

Third quarter 2024 earnings released: US$0.11 loss per share (vs US$0.048 loss in 3Q 2023)

City Office REIT, Inc. to Report Q3, 2024 Results on Oct 31, 2024

Second quarter dividend of US$0.10 announced

City Office REIT Announces Dividends for Third Quarter 2024, Payable on October 24, 2024

Now 19% undervalued

Second quarter 2024 earnings released: US$0.14 loss per share (vs US$0.063 loss in 2Q 2023)

New minor risk - Share price stability

Now 20% undervalued

City Office REIT, Inc. to Report Q2, 2024 Results on Aug 01, 2024

First quarter dividend of US$0.10 announced

City Office REIT, Inc. Announces Dividends for Second Quarter 2024, Payable on July 24, 2024

Now 22% undervalued

First quarter 2024 earnings released: US$0.061 loss per share (vs US$0.029 loss in 1Q 2023)

City Office REIT, Inc. to Report Q1, 2024 Results on May 03, 2024

Fourth quarter dividend of US$0.10 announced

Independent Director recently bought €152k worth of stock

City Office REIT, Inc. Authorizes Quarterly Dividend for the First Quarter of 2024, Payable on April 24, 2024

City Office REIT, Inc., Annual General Meeting, May 02, 2024

Full year 2023 earnings released: US$0.25 loss per share (vs US$0.23 profit in FY 2022)

City Office Reit, Inc. Provides Earnings Guidance for the Full Year 2024

City Office REIT, Inc. to Report Q4, 2023 Results on Feb 22, 2024

Upcoming dividend of US$0.10 per share at 6.5% yield

City Office REIT, Inc. Announces Dividend for Fourth Quarter 2023, Payable on January 24, 2024

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: US$0.048 loss per share (vs US$0.003 profit in 3Q 2022)

City Office REIT, Inc. to Report Q3, 2023 Results on Nov 09, 2023

Upcoming dividend of US$0.10 per share at 9.5% yield

New major risk - Revenue and earnings growth

City Office REIT, Inc. Announces Dividends for Third Quarter 2023, Payable on October 24, 2023

City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2023

Second quarter 2023 earnings released: US$0.063 loss per share (vs US$0.024 profit in 2Q 2022)

City Office REIT, Inc. to Report Q2, 2023 Results on Aug 03, 2023

Upcoming dividend of US$0.10 per share at 14% yield

City Office REIT, Inc.(NYSE:CIO) dropped from Russell 2000 Value-Defensive Index

Now 21% undervalued after recent price drop

City Office REIT, Inc. (NYSE:CIO) announces an Equity Buyback.

First quarter 2023 earnings released: EPS: US$0.064 (vs US$0.52 in 1Q 2022)

Upcoming dividend of US$0.20 per share at 12% yield

Full year 2022 earnings released: EPS: US$0.23 (vs US$10.97 in FY 2021)

City Office REIT, Inc. to Report Q4, 2022 Results on Feb 23, 2023

Upcoming dividend of US$0.20 per share

City Office REIT, Inc. Authorizes Quarterly Dividend for Common Stock and Common Unit of Partnership Interest for the Fourth Quarter of 2022, Payable on January 24, 2023

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.023 loss in 3Q 2021)

City Office REIT, Inc. to Report Q3, 2022 Results on Nov 07, 2022

Upcoming dividend of US$0.20 per share

City Office REIT, Inc. Authorizes Quarterly Dividend for Common Stock and Common Unit of Partnership Interest for the Third Quarter of 2022, Payable on October 21, 2022

Second quarter 2022 earnings released: EPS: US$0.024 (vs US$0.004 loss in 2Q 2021)

City Office REIT, Inc. Revises Earnings Guidance for the Full Year 2022

City Office REIT, Inc. to Report Q2, 2022 Results on Aug 04, 2022

Upcoming dividend of US$0.20 per share

City Office REIT, Inc. Authorizes Quarterly Dividend for Common Stock and Common Unit of Partnership Interest for the Second Quarter of 2022, Payable on July 22, 2022

An unknown buyer completed the acquisition of Lake Vista Pointe property in Dallas from City Office REIT, Inc. (NYSE:CIO).

First quarter 2022 earnings released: EPS: US$0.56 (vs US$1.08 in 1Q 2021)

An unknown buyer agreed to acquire Lake Vista Pointe property in Dallas from City Office REIT, Inc. (NYSE:CIO) for $43.8 million.

Insufficient new directors

City Office REIT, Inc. to Report Q1, 2022 Results on May 05, 2022

Insufficient new directors

Upcoming dividend of US$0.20 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

City Office REIT, Inc. Provides Earnings Guidance for the Full Year 2022

Upcoming dividend of US$0.20 per share

City Office REIT, Inc. (NYSE:CIO) acquired Bloc 83 from Heritage Properties for approximately $330 million.

City Office REIT, Inc. (NYSE:CIO) acquired The Terraces for $130 million.

City Office REIT, Inc. (NYSE:CIO) acquired Block 23, a premier office building in downtown Phoenix, Arizona Arizona from Red Development LLC for approximately $150 million.

An unknown buyer completed the acquisition of Southern Portfolio Located in Sorrento Mesa Submarket of San Diego, California from City Office REIT, Inc. (NYSE:CIO).

Third quarter 2021 earnings released: US$0.023 loss per share (vs US$0.024 profit in 3Q 2020)

Upcoming dividend of US$0.15 per share

Investor sentiment improved over the past week