City Office REIT, Inc.

NYSE:CIO Stock Report

Market Cap: US$214.0m

City Office REIT Management

Management criteria checks 3/4

City Office REIT's CEO is Jamie Farrar, appointed in Apr 2014, has a tenure of 10.67 years. total yearly compensation is $2.38M, comprised of 22.1% salary and 77.9% bonuses, including company stock and options. directly owns 1.59% of the company’s shares, worth $3.41M. The average tenure of the management team and the board of directors is 8.8 years and 9.2 years respectively.

Key information

Jamie Farrar

Chief executive officer

US$2.4m

Total compensation

CEO salary percentage22.1%
CEO tenure10.7yrs
CEO ownership1.6%
Management average tenure8.8yrs
Board average tenure9.2yrs

Recent management updates

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

CEO Compensation Analysis

How has Jamie Farrar's remuneration changed compared to City Office REIT's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$17m

Jun 30 2024n/an/a

-US$14m

Mar 31 2024n/an/a

-US$11m

Dec 31 2023US$2mUS$525k

-US$10m

Sep 30 2023n/an/a

-US$20m

Jun 30 2023n/an/a

-US$18m

Mar 31 2023n/an/a

-US$14m

Dec 31 2022US$3mUS$475k

US$10m

Sep 30 2022n/an/a

US$455m

Jun 30 2022n/an/a

US$454m

Mar 31 2022n/an/a

US$453m

Dec 31 2021US$3mUS$475k

US$477m

Sep 30 2021n/an/a

US$44m

Jun 30 2021n/an/a

US$46m

Mar 31 2021n/an/a

US$45m

Dec 31 2020US$2mUS$475k

-US$3m

Sep 30 2020n/an/a

-US$424k

Jun 30 2020n/an/a

-US$4m

Mar 31 2020n/an/a

-US$4m

Dec 31 2019US$2mUS$400k

-US$6m

Sep 30 2019n/an/a

-US$15m

Jun 30 2019n/an/a

-US$15m

Mar 31 2019n/an/a

-US$17m

Dec 31 2018US$2mUS$400k

US$31m

Sep 30 2018n/an/a

US$36m

Jun 30 2018n/an/a

US$36m

Mar 31 2018n/an/a

US$47m

Dec 31 2017US$1mUS$325k

-US$2m

Compensation vs Market: Jamie's total compensation ($USD2.38M) is above average for companies of similar size in the US market ($USD1.44M).

Compensation vs Earnings: Jamie's compensation has been consistent with company performance over the past year.

CEO

Jamie Farrar (48 yo)

10.7yrs

Tenure

US$2,378,388

Compensation

Mr. James Thomas Farrar, also known as Jamie, serves as Chief Executive Officer and Director at City Office REIT Inc. since April 2014. He served as a Co-Managing Partner at Clarity Real Estate. He has exp...

Leadership Team

NamePositionTenureCompensationOwnership
James Farrar
CEO & Director10.7yrsUS$2.38m1.59%
$ 3.4m
Gregory Tylee
COO & President8.8yrsUS$2.38m1.41%
$ 3.0m
Anthony Maretic
CFO, Secretary & Treasurer10.7yrsUS$1.34m0.52%
$ 1.1m
Stephanie Chung
Senior Vice President of Finance3.3yrsno datano data
Ken Pool
Senior Vice President of Operations3.3yrsno datano data

8.8yrs

Average Tenure

52yo

Average Age

Experienced Management: CIO's management team is seasoned and experienced (8.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
James Farrar
CEO & Director10.7yrsUS$2.38m1.59%
$ 3.4m
Michael Mazan
Independent Director1.8yrsUS$48.75k0.097%
$ 207.9k
John McLernon
Independent Director10.7yrsUS$125.82k0.086%
$ 183.4k
John Sweet
Independent Chairman7.8yrsUS$130.82k0.14%
$ 290.7k
Mark Murski
Independent Director10.7yrsUS$123.32k0.080%
$ 170.7k
Sabah Mirza
Independent Director5.8yrsUS$123.32k0.031%
$ 66.7k

9.2yrs

Average Tenure

52.5yo

Average Age

Experienced Board: CIO's board of directors are considered experienced (9.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 22:49
End of Day Share Price 2024/12/20 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

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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