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City Office REIT NYSE:CIO Stock Report

Last Price

US$5.33

Market Cap

US$211.2m

7D

-8.4%

1Y

-17.0%

Updated

19 Dec, 2024

Data

Company Financials +

City Office REIT, Inc.

NYSE:CIO Stock Report

Market Cap: US$211.2m

CIO Stock Overview

City Office REIT, Inc. (the “Company”) was organized in the state of Maryland on November 26, 2013. More details

CIO fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends3/6

Rewards

Trading at 47.2% below our estimate of its fair value

Earnings have grown 0.3% per year over the past 5 years

Trading at good value compared to peers and industry

Risk Analysis

Interest payments are not well covered by earnings

Earnings are forecast to decline by an average of 12.1% per year for the next 3 years

Dividend of 7.5% is not well covered by earnings


My Notes

Capture your thoughts, links and company narrative

City Office REIT, Inc. Competitors

Equity Commonwealth

NYSE:EQC

US$184.9m

Orion Office REIT

NYSE:ONL

US$210.4m

Franklin Street Properties

NYSEAM:FSP

US$196.8m

KBS Real Estate Investment Trust III

OTCPK:KBSR

US$133.7m

Price History & Performance

Summary of share price highs, lows and changes for City Office REIT
Historical stock prices
Current Share PriceUS$5.33
52 Week HighUS$6.63
52 Week LowUS$4.02
Beta1.98
1 Month Change8.33%
3 Month Change-11.17%
1 Year Change-16.98%
3 Year Change-72.37%
5 Year Change-59.68%
Change since IPO-57.02%

Recent News & Updates

City Office REIT: Undervalued As Fed Cuts Rates

Dec 16

Recent updates

City Office REIT: Undervalued As Fed Cuts Rates

Dec 16

City Office REIT: The Preferreds Are Still Too Discounted, 8.7% Dividend Yield

Sep 28

City Office REIT: I Will Buy More 9.4% Yielding Preferred Shares

Jul 27

City Office REIT: The 8.4% Dividend Yield Looks Stable

May 13

I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds

Mar 03

City Office REIT: Deep Value Or 7.3% Dividend Yield Trap?

Jan 21

City Office REIT: Fortune Favors The Brave

Nov 06

City Office REIT: Exploring The Value Of Preferred Shares

Aug 22

City Office REIT: Opportunity To Capture 9.7% Yield Via Preferred Shares

Jun 26

City Office REIT: I'm Holding Onto My 9.7% Yielding Preferred Shares

Jun 14

City Office REIT Q4 2022 Earnings Preview

Feb 22

City Office REIT: 9.9% Yield And Plenty Of Upside

Jan 10

City Office REIT: The Preferred Shares Now Offer A 9% Yield

Dec 10

City Office REIT Q3 2022 Earnings Preview

Nov 04

City Office REIT declares $0.20 dividend

Sep 15

City Office REIT: A 7% Yielding Small Cap That Could Deliver Big Returns

Sep 09

City Office REIT Q2 2022 Earnings Preview

Aug 03

City Office: Overlooked Value In The Sector Most Vile

Jun 30

City Office REIT: I Like The 7.1% Yielding Preferred Shares

Jun 10

Shareholder Returns

CIOUS Office REITsUS Market
7D-8.4%-6.3%-4.0%
1Y-17.0%5.7%24.0%

Return vs Industry: CIO underperformed the US Office REITs industry which returned 5.7% over the past year.

Return vs Market: CIO underperformed the US Market which returned 24% over the past year.

Price Volatility

Is CIO's price volatile compared to industry and market?
CIO volatility
CIO Average Weekly Movement5.4%
Office REITs Industry Average Movement4.3%
Market Average Movement6.4%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.2%

Stable Share Price: CIO has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CIO's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201320Jamie Farrarwww.cioreit.com

City Office REIT, Inc. (the “Company”) was organized in the state of Maryland on November 26, 2013. On April 21, 2014, the Company completed its initial public offering (“IPO”) of shares of the Company’s common stock. The Company contributed the net proceeds of the IPO to City Office REIT Operating Partnership, L.P., a Maryland limited partnership (the “Operating Partnership”), in exchange for common units of limited partnership interest in the Operating Partnership (“common units”).

City Office REIT, Inc. Fundamentals Summary

How do City Office REIT's earnings and revenue compare to its market cap?
CIO fundamental statistics
Market capUS$211.21m
Earnings (TTM)-US$17.06m
Revenue (TTM)US$173.53m

1.2x

P/S Ratio

-12.5x

P/E Ratio

Is CIO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CIO income statement (TTM)
RevenueUS$173.53m
Cost of RevenueUS$70.41m
Gross ProfitUS$103.12m
Other ExpensesUS$120.18m
Earnings-US$17.06m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)-0.42
Gross Margin59.43%
Net Profit Margin-9.83%
Debt/Equity Ratio87.1%

How did CIO perform over the long term?

See historical performance and comparison

Dividends

7.5%

Current Dividend Yield

220%

Payout Ratio

Does CIO pay a reliable dividends?

See CIO dividend history and benchmarks
When do you need to buy CIO by to receive an upcoming dividend?
City Office REIT dividend dates
Ex Dividend DateJan 09 2025
Dividend Pay DateJan 23 2025
Days until Ex dividend20 days
Days until Dividend pay date34 days

Does CIO pay a reliable dividends?

See CIO dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/19 22:34
End of Day Share Price 2024/12/19 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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.

AnalystInstitution
Merrill RossBoenning & Scattergood, Inc.
Craig KuceraB. Riley Securities, Inc.
Barry OxfordColliers Securities