CIO

City Office REIT
CIO

$6.10

1.5%

Market Cap: 245M

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 6,702 funds

–

Analysts bullish %

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

2% more funds holding

Funds holding: 124 [Q4 2023] → 126 (+2) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

9% less call options, than puts

Call options by funds: $1.16M | Put options by funds: $1.27M

1.42% less ownership

Funds ownership: 67.67% [Q4 2023] → 66.26% (-1.42%) [Q1 2024]

16% less capital invested

Capital invested by funds: $165M [Q4 2023] → $139M (-$26.5M) [Q1 2024]

40% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 52

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Research analyst outlook

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

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Financial journalist opinion

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

City Office REIT Reports First Quarter 2024 Results

VANCOUVER , May 3, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended March 31, 2024. First Quarter Highlights Rental and other revenues were $44.5 million.

City Office REIT Reports First Quarter 2024 Results

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

VANCOUVER , April 5, 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 March 31, 2024, before the market opens on Friday, May 3, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on May 3, 2024 to discuss the Company's financial results.

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

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of City Office REIT, Inc. (NYSE: CIO)

NEW YORK , March 19, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating City Office REIT, Inc. (NYSE: CIO) on behalf of the company's shareholders. The investigation seeks to determine whether City Office REIT's directors breached their fiduciary duties in connection with recent corporate actions.

SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of City Office REIT, Inc. (NYSE: CIO)

City Office REIT Announces Dividends for First Quarter 2024

VANCOUVER , March 15, 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 first 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 First Quarter 2024

3 Risky Office REITs (Dumpster Fire Alert)

Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently under tremendous pressure, reflected in the stock prices of three high-risk office plays: City Office REIT, Orion Office, and Net Lease Office Properties. These stocks offer value for investors willing to take on elevated risks, but caution is warranted due to the challenges facing the office real estate sector.

3 Risky Office REITs (Dumpster Fire Alert)

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