City Office REIT Inc | REIT Profile

Symbol: CIO
CIK: 1593222
Exchange: NYSE
Preferred Stock: CIO-A
Founded: 2013 (9 years)
HQ: Dallas, TX, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Office
Internally Managed REIT

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See CIO on SEC.gov

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Overall Score: 7.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 18, 2022


Open Price: $19.6
Closing Price: $19.38
Price Change: -0.62 (-3.1%)
Lowest Price: $19.3
Highest Price: $19.74

52-Week Low: $9.02
52-Week High: $21.50
52-Week Change: 107.36%

5 Day Price Change: -1.28%
1 Month Price Change: 9.73%
3 Month Price Change: 7.74%
6 Month Price Change: 63.23%
YTD Price Change: 2.38%
1 Year Price Change: 107.36%
2 Year Price Change: 59.33%
5 Year Price Change: 118.30%

Dividend of Trading Day January 18, 2022


Dividend Yield: 3.096%*
Annualized Dividend: $0.6*
Dividend Yield (TTM): 3.217%
Annualized Dividend (TTM): $0.6434
Ex-Dividend Date: 2022-01-10
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 18, 2022


Total Cash: $17,697,000
Current Debt: $50,971,000
Revenue: $164,209,000
Gross Profit: $164,209,000
Total Revenue: $164,209,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $137,051,000
Revenue Per Share: $4
Revenue Per Employee: $40,970
Employee: 20
Debt to Equity Ratio (D/E): 2.59
Profit Margin: 0.27%
Enterprise Value (EV): $1,458,902,219
Enterprise Value to Revenue (EV/R): 8.88
Price to Sales (P/S): 5.32
Price to Book (P/B): 2.62
Price/Earnings-to-Growth (PEG) Ratio: 0.00
P/E Ratio: 19.00
P/E High: -81.50
P/E Low: -164.05
Forward P/E Ratio: -401.00
Market Capitalization: $844,083,788
Beta: 0.88
Latest Volume: 402,774
Avg. Total Volume: 331,650
Avg. 10-Day Volume: 419,808
Avg. 30-Day Volume: 331,650
TTM EPS: 1.02
Shares Outstanding: 43,554,375
Float: N/A
50-Day Moving Avg.: $18.74
200-Day Moving Avg.: $16.60

Latest REIT Community Comments on #CIO


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $13.12 per share you would have been able to buy 76 shares of CIO on 2021-01-19 costing $997.12 @ $13.12 per share you would have been able to buy 38 shares of CIO on 2021-01-19 costing $498.56 @ $13.12 per share you would have been able to buy 19 shares of CIO on 2021-01-19 costing $249.28 @ $13.12 per share you would have been able to buy 7 shares of CIO on 2021-01-19 costing $91.84 @ $13.12 per share you would have been able to buy 3 shares of CIO on 2021-01-19 costing $39.36
Current worth On 2022-01-18 these 76 shares would be worth $1,472.88 @ $19.38 On 2022-01-18 these 38 shares would be worth $736.44 @ $19.38 On 2022-01-18 these 19 shares would be worth $368.22 @ $19.38 On 2022-01-18 these 7 shares would be worth $135.66 @ $19.38 On 2022-01-18 these 3 shares would be worth $58.14 @ $19.38
Dividends earned $45.60 in dividends would have been earned since 2021-01-19 with 76 shares. $23 in dividends would have been earned since 2021-01-19 with 38 shares. $11.40 in dividends would have been earned since 2021-01-19 with 19 shares. $4.20 in dividends would have been earned since 2021-01-19 with 7 shares. $1.80 in dividends would have been earned since 2021-01-19 with 38 shares.
Net (gain / loss)* 521.36 USD 260.68 USD 130.34 USD 48.02 USD 20.58 USD
ROI** 52.29% 52.29% 52.29% 52.29% 52.29%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by CIO. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
CIO 2021-10-07 0.150 --- 2021-09-16 2021-10-08 2021-10-22
CIO 2021-07-08 0.150 --- 2021-06-15 2021-07-09 2021-07-23
CIO 2021-04-08 0.150 --- 2021-03-23 2021-04-09 2021-04-23
CIO 2021-01-08 0.150 --- 2020-12-15 2021-01-11 2021-01-25
CIO 2020-10-07 0.150 --- 2020-09-15 2020-10-08 2020-10-22
CIO 2020-07-09 0.150 --- 2020-06-12 2020-07-10 2020-07-24
CIO 2020-04-08 0.150 -36.17% 2020-03-25 2020-04-09 2020-04-24
CIO 2020-01-09 0.235 --- 2019-12-13 2020-01-10 2020-01-24
CIO 2019-10-10 0.235 --- 2019-09-16 2019-10-11 2019-10-25
CIO 2019-07-10 0.235 --- 2019-06-14 2019-07-11 2019-07-25
CIO 2019-04-10 0.235 --- 2019-03-15 2019-04-11 2019-04-25
CIO 2019-01-10 0.235 --- 2018-12-21 2019-01-11 2019-01-25
CIO 2018-10-10 0.235 --- 2018-09-14 2018-10-11 2018-10-25
CIO 2018-07-10 0.235 --- 2018-06-15 2018-07-11 2018-07-25
CIO 2018-04-10 0.235 --- 2018-03-21 2018-04-11 2018-04-25
CIO 2018-01-10 0.235 --- 2017-12-15 2018-01-11 2018-01-25
CIO 2017-10-10 0.235 --- 2017-09-15 2017-10-11 2017-10-25
CIO 2017-07-07 0.235 --- 2017-06-27 2017-07-11 2017-07-25
CIO 2017-04-07 0.235 --- 2017-03-21 2017-04-11 2017-04-25
CIO 2017-01-11 0.235 --- 2016-12-21 2017-01-13 2017-01-25

Financial Statements Overview


The next Earnings Report for CIO is 2022-02-24

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 17,697,000 13,394,000 14,890,000 25,305,000
Receivables 29,221,000 32,448,000 32,199,000 32,968,000
Inventory 0 0 0 0
Current Assets 217,784,000 68,771,000 65,384,000 78,919,000
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 934,599,000 1,059,381,000 1,022,767,000 1,078,373,000
Property, Plant & Equipment Net 868,248,000 983,304,000 948,733,000 955,589,000
Goodwill 0 0 0 0
Intangible Assets 30,183,000 37,363,000 39,641,000 44,143,000
Other Assets 36,168,000 38,714,000 34,393,000 32,587,000
Net Tangible Assets 303,604,000 303,152,000 307,051,000 260,783,000
Total Assets 1,152,383,000 1,128,152,000 1,088,151,000 1,157,292,000
Accounts Payable 0 0 0 0
Liabilities (Other) 51,530,000 24,421,000 23,014,000 24,134,000
Current Liabilities (Other) 50,971,000 37,797,000 32,748,000 38,041,000
Total Current Liabilities 50,971,000 37,797,000 32,748,000 38,041,000
Current Long-term Debt 0 0 0 0
Long-term Debt 603,334,000 612,510,000 572,776,000 677,242,000
Total Liabilities 706,596,000 675,637,000 629,459,000 740,366,000
Minority Interest 761,000 909,000 921,000 949,000
Common Stock 43,554,000 43,482,000 43,397,000 43,299,000
Retained Earnings -146,930,000 -139,358,000 -132,556,000 -172,958,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 445,787,000 452,515,000 458,692,000 416,926,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 44,889,000 39,964,000 39,516,000 39,840,000
Cost of Revenue 0 0 0 0
Gross Profit 44,889,000 39,964,000 39,516,000 39,840,000
Research and Development 0 0 0 0
Selling General and Admin 7,900,000 3,068,000 2,801,000 2,664,000
Operating Expense 37,728,000 32,201,000 31,334,000 32,457,000
Operating Income 7,161,000 7,763,000 8,182,000 7,383,000
Income Expense Net (Other) 0 0 47,400,000 0
EBIT 7,161,000 7,763,000 55,582,000 7,383,000
Interest Income 5,650,000 5,639,000 6,243,000 6,589,000
Pretax Income 1,244,000 1,852,000 49,009,000 461,000
Income Tax 0 0 0 0
Minority Interest 378,000 190,000 192,000 88,000
Net Income -989,000 -193,000 46,962,000 -1,482,000
Net Income Basic -989,000 -193,000 46,962,000 -1,482,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -989,000 -193,000 46,962,000 -1,482,000
Depreciation 14,648,000 14,954,000 14,415,000 60,367,000
Changes in Receivables 29,221,000 32,448,000 32,199,000 32,968,000
Changes in Inventories 0 0 0 0
Cash Change 17,697,000 13,394,000 14,890,000 25,305,000
Cash Flow 30,046,000 20,161,000 15,524,000 12,292,000
Capital Expenditures -2,932,000 -3,251,000 -6,248,000 -26,352,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows 97,003,000 47,704,000 -85,121,000 -12,559,000
Dividends Paid 0 0 0 0
Net Borrowings 585,637,000 599,116,000 557,886,000 651,937,000
Cash Flow Financing -18,357,000 30,681,000 -113,411,000 137,241,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About City Office REIT Inc


City Office REIT, Inc. (“CIO”) is an internally managed real estate company focused on acquiring, owning and operating high-quality office properties located primarily in metropolitan areas in the Southern and Western United States. Our senior management team has extensive industry relationships and a proven track record in executing this strategy, which we believe provides a competitive advantage to our shareholders. We currently own 19 office complexes comprised of 38 office buildings with a total of approximately 4.5 million square feet of net rentable area (“NRA”) in the metropolitan areas of Boise, Dallas, Denver, Orlando, Phoenix, Portland and Tampa.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
9 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
8 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.7
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
8 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
6 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
7 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
7 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
4 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
8 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
8 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
7 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
9 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 8.0
Rating Market Cap Section Avg. Rating
10 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
7.6 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

REITProperty


Below are some of the properties owned by this CIO. Please click on the property name to see more details. See complete list of properties.

Name Type Address City State
5090 N 40th St Building Office 5090 N. 40th Street Phoenix AZ
SanTan Corporate Center Office 3100 W Ray Rd Chandler AZ
SanTan Corporate Center Office 3200 W Ray Rd Chandler AZ

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Last updated: 2022-01-19 - v2.9