City Office REIT Past Earnings Performance

Past criteria checks 0/6

City Office REIT has been growing earnings at an average annual rate of 31%, while the Office REITs industry saw earnings declining at 2.3% annually. Revenues have been growing at an average rate of 5.5% per year.

Key information

31.0%

Earnings growth rate

30.6%

EPS growth rate

Office REITs Industry Growth	3.1%
Revenue growth rate	5.5%
Return on equity	-0.3%
Net Margin	-5.6%
Next Earnings Update	03 May 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How City Office REIT makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:CIO.PRA Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	179	-10	15
30 Sep 23	179	-20	14
30 Jun 23	181	-18	14
31 Mar 23	182	-14	14
31 Dec 22	180	10	14
30 Sep 22	176	455	9
30 Jun 22	175	454	13
31 Mar 22	169	453	13
31 Dec 21	164	477	15
30 Sep 21	164	44	16
30 Jun 21	161	46	11
31 Mar 21	160	45	11
31 Dec 20	161	-3	11
30 Sep 20	160	0	11
30 Jun 20	158	-4	11
31 Mar 20	159	-4	10
31 Dec 19	156	-6	11
30 Sep 19	151	-15	10
30 Jun 19	146	-15	9
31 Mar 19	135	-17	8
31 Dec 18	129	31	8
30 Sep 18	126	36	7
30 Jun 18	118	36	7
31 Mar 18	113	47	7
31 Dec 17	106	-2	7
30 Sep 17	97	-4	7
30 Jun 17	91	-2	7
31 Mar 17	82	1	7
31 Dec 16	72	-3	13
30 Sep 16	69	1	13
30 Jun 16	65	0	12
31 Mar 16	60	-13	12
31 Dec 15	55	-7	4
30 Sep 15	48	-4	4
30 Jun 15	43	-4	4
31 Mar 15	40	-6	3
31 Dec 14	37	-5	2
30 Sep 14	32	-9	1
30 Jun 14	29	-7	0
31 Mar 14	25	-4	0
31 Dec 13	21	-4	0
30 Sep 13	18	-2	0

Quality Earnings: CIO.PRA is currently unprofitable.

Growing Profit Margin: CIO.PRA is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CIO.PRA is unprofitable, but has reduced losses over the past 5 years at a rate of 31% per year.

Accelerating Growth: Unable to compare CIO.PRA's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CIO.PRA is unprofitable, making it difficult to compare its past year earnings growth to the Office REITs industry (-30.5%).

Return on Equity

High ROE: CIO.PRA has a negative Return on Equity (-0.26%), as it is currently unprofitable.

City Office REIT Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

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

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

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

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

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

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

Recent updates

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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).

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

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

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

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).

An unknown buyer entered into an agreement to acquire Northern Portfolio Located in Sorrento Mesa Submarket of San Diego, California from City Office REIT, Inc. (NYSE:CIO) for $400 million.

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

City Office REIT, Inc. (NYSE:CIO) entered into a purchase and sale agreement to acquire two properties in Sorrento Mesa submarket of San Diego, California for $43.3 million.

City Office REIT, Inc., Annual General Meeting, May 06, 2021

An unknown buyer acquired Cherry Creek Property in Denver, Colorado from City Office REIT, Inc. (NYSE:CIO) for $95 million.

City Office REIT, Inc. to Report Q4, 2020 Results on Feb 25, 2021

City Office REIT, Inc. to Report Q3, 2020 Results on Nov 05, 2020

An unknown buyer agreed to acquire 89,000 square foot building in San Diego, California from City Office REIT, Inc. (NYSE:CIO) for $16.5 million.

City Office REIT, Inc. to Report Q2, 2020 Results on Aug 06, 2020

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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