CIO

City Office REIT
CIO

$5.76

1.23%

Market Cap: $231M

About: City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The principal objective of the company is to provide attractive risk-adjusted returns to its investors over the long-term through a combination of dividends and capital appreciation. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

Employees: 20

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

26% more repeat investments, than reductions

Existing positions increased: 44 | Existing positions reduced: 35

2% less funds holding

Funds holding: 126 [Q1] → 124 (-2) [Q2]

2.17% less ownership

Funds ownership: 67.31% [Q1] → 65.14% (-2.17%) [Q2]

8% less capital invested

Capital invested by funds: $141M [Q1] → $130M (-$10.6M) [Q2]

12% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 17

74% less call options, than puts

Call options by funds: $362K | Put options by funds: $1.39M

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for CIO.

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Financial journalist opinion

Cash Cows: 9 High-Yield REITs With Safe Dividends

High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REITs. Seeking Alpha Premium offers a Dividend Safety grade for REITs. A grade of B- or better indicates a mere 1 in 50 risk of a dividend cut.

Cash Cows: 9 High-Yield REITs With Safe Dividends

City Office REIT, Inc. (CIO) Q2 2024 Earnings Call Transcript

City Office REIT, Inc. (NYSE:CIO ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Maretic - Chief Financial Officer, Secretary & Treasurer Jamie Farrar - Chief Executive Officer & Director Conference Call Participants Rob Stevenson - Janney Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. Second Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

City Office REIT, Inc. (CIO) Q2 2024 Earnings Call Transcript

Zacks Investment Research

City Office REIT (CIO) Misses Q2 FFO and Revenue Estimates

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to FFO of $0.35 per share a year ago.

City Office REIT (CIO) Misses Q2 FFO and Revenue Estimates

City Office REIT Reports Second Quarter 2024 Results

VANCOUVER , Aug. 1, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2024. Second Quarter Highlights Rental and other revenues were $42.3 million.

City Office REIT Reports Second Quarter 2024 Results

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

City Office REIT's preferred dividend payments are fully covered by FFO and AFFO. The REIT's balance sheet is relatively robust, with a decreasing LTV ratio. The preferred shares offer an attractive 9.4% yield with manageable risk due to robust common equity support.

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

City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call

VANCOUVER , June 28, 2024 /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, 2024, before the market opens on Thursday, August 1, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on August 1, 2024 to discuss the Company's financial results.

City Office REIT Announces Second Quarter 2024 Earnings Release and Conference Call

City Office REIT Announces Dividends for Second Quarter 2024

VANCOUVER , June 14, 2024 /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 amount of $0.10 per share of common stock and common unit of partnership interest for the second quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.

City Office REIT Announces Dividends for Second Quarter 2024

10 REITs At Mega Discounts To NAV

These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my fault. You'll probably have a better time reading this, than reading my competitor's articles.

10 REITs At Mega Discounts To NAV

City Office REIT: The 8.4% Dividend Yield Looks Stable

City Office REIT is paying out an 8.4% dividend yield that's fully secured against its 2024 core FFO guidance. The REIT is trading at a low 4.12x multiple to the midpoint of its guidance. I've been buying the preferreds which have dipped year-to-date and currently offer a 9.2% yield on cost.

City Office REIT: The 8.4% Dividend Yield Looks Stable

City Office REIT, Inc. (CIO) Q1 2024 Earnings Call Transcript

City Office REIT, Inc. (NYSE:CIO ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants James Farrar - Chief Executive Officer & Director Anthony Maretic - Chief Financial Officer, Secretary & Treasurer Conference Call Participants Rob Stevenson - Janney Barry Oxford - Colliers Aditi Balachandran - RBC Capital Markets Upal Rana - KeyBanc Capital Markets Operator Good morning, and welcome to the City Office REIT, Inc. First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

City Office REIT, Inc. (CIO) Q1 2024 Earnings Call Transcript

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