City Office REIT Inc Stock News

City Office REIT, Inc. (NYSE:CIO ) Q1 2022 Earnings Conference Call May 5, 2022 12:00 PM ET Company Participants Tony Maretic – Chief Financial Officer, Treasurer and Corporate Security Jamie Farrar

City Office REIT (CIO) delivered FFO and revenue surprises of 5.26% and 0.20%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

VANCOUVER , April 8, 2022 /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, 2022

The Orion Office Conundrum

City Office has an attractive portfolio of office properties in the South and West.

The company recently entered into an agreement for the sale of its Sorrento Mesa assets and used the proceeds to acquire three properties with appealing cap rates and lease profile.

City Office REIT, Inc. RED PFD SER A (CIO.PA) declares $0.4141/share quarterly dividend, in line with previous.

City Office REIT (CIO) declares $0.20/share quarterly dividend, in line with previous.

City Office REIT found using ticker (CIO) now have 6 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 23 and 18 with the average target price sitting at 20.83. With the stocks previous close at 17.55 this would indicate that there is a potential upside of 18.7%. There is a 50 day moving average of 18.57 and the 200 day moving average is 16.09. The market cap for the company is $750m. Visit the company website at: https://www.cityofficereit.com [stock_market_widget type="chart" template="basic" color="green" assets=CIO" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $890m based on the market concensus. City Office REIT (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (“NRA”).

JBG SMITH Properties: Almost There

City Office REIT, Inc. (CIO) CEO James Farrar on Q4 2021 Results - Earnings Call Transcript

City Office REIT press release (CIO): Q4 GAAP EPS of $9.76.Core FFO was $0.36 per fully diluted share; AFFO was $0.17 per fully diluted share.Revenue of $39.67M (-0.4% Y/Y).Same…