City Office REIT Inc Stock News

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

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 unde

City Office REIT's preferreds are a strong investment with a 9.7% yield on cost and the ability to cover annual preferred payments with core FFO generated in a single quarter. The REIT's lease expirat

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago.

City Office REIT is trading at a nearly 70% discount to book value per share at the end of its most recent quarter. The Sun Belt office-focused REIT is currently paying out a 7.3% dividend yield after

Office REITs are facing challenges as the hybrid work model becomes more popular, leading to downsizing and increased vacancies. Major companies like Charles Schwab, Johnson & Johnson, Dropbox, and Mi

REITs are performing well and expected to continue to rise, with potential for a 45% increase in the next 2-3 years. If the Fed reduces the prime rate, REIT yields will become more competitive with bo

Some high-yielding REITs have unsafe dividends, leading to potential dividend cuts and decline in share value. This article provides a list of 11 cash COW REITs with safe dividends, including companie

Since the publication of my initial buy article City Office REIT's preferred shares have performed slightly better than CIO's equity, registering a more balanced ride and a 7% total return. The compan

REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poi

City Office has been left for dead in the unloved REIT sector during late 2023, despite solid FFO generation and a stable future. The valuation setup is at all-time lows on work-from-home fears for of

Sharply higher long-term borrowing costs for real estate during late summer have been a huge headwind for REIT operations and investment valuations. The demand for commercial real estate, especially o

Many high-quality equity REITs are trading at substantial discounts on price-to-NAV ratios. REITs with good management teams should be able to gain a premium to NAV, but very few are achieving this cu

City Office REIT's equity should be avoided due to a debt-saturated balance sheet, negative outlook on interest costs, and unfavorable lease maturities. Investing in CIO's preferred shares may be a be

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.35 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.40 per share a year ago.