Streetbeat News

CIO

City Office REIT, Inc.

https://www.cityofficereit.com

Industry

REIT - Office

City Office REIT, Inc. (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).

Open

4.79

Mkt cap

198M

Volume

268K

High

4.92

P/E Ratio

-11.71

52-wk high

6.71

Low

4.75

Div yield

0.08

52-wk low

4.02

Joseph Amato from Neuberger Berman discusses the market outlook for 2025, highlighting potential impacts from policy and regulatory changes due to an impending regime change.

Portfolio Pulse from

November 20, 2024 | 10:45 pm

The article compares City Office REIT (CIO) and Omega Healthcare Investors (OHI) to determine which is a better value stock for investors interested in REIT and Equity Trust - Other stocks.

Portfolio Pulse from

November 20, 2024 | 6:00 pm

Mike Hicks, CIO of Jackson National Life Insurance Company, a subsidiary of Jackson Financial Inc. (NYSE: JXN), has won the 2024 Michigan ORBIE® CIO of the Year Award in the Large Enterprise category for his excellence in technology leadership.

Portfolio Pulse from

November 18, 2024 | 9:30 pm

City Office REIT reported Q3 2024 earnings per share of $0.27, missing the consensus estimate of $0.28. However, sales of $42.371 million slightly exceeded expectations. Both earnings and sales showed a decline compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:17 am

City Office REIT has adjusted its FY2024 FFO guidance to a range of $1.15-$1.17, slightly narrowing from the previous range of $1.14-$1.18, and aligning closely with the analyst estimate of $1.17.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2024 | 10:08 am

City Office REIT has reiterated its full-year 2024 guidance as provided in its Q1 earnings press release.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:03 am

City Office REIT (NYSE:CIO) reported Q2 2024 earnings of $0.28 per share, missing the analyst estimate of $0.31. Sales were $42.342 million, also below the $43.189 million estimate and down 5.07% from last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2024 | 10:01 am

City Office REIT has revised its FY24 Core FFO (Funds From Operations) per share outlook downwards from $1.18-$1.22 to $1.14-$1.18, compared to the estimated $1.20.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:05 am

City Office REIT (CIO) reported Q1 2024 Core FFO of $0.33 per share, surpassing the $0.31 estimate, with sales of $44.493M also beating the $43.355M estimate, despite a 3.19% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 10:02 am

The Federal Reserve's indication of potential interest rate cuts in 2024 and 2025 has sparked a rally in the real estate sector, particularly benefiting stocks with high debt levels or exposure to the office industry. The Vanguard Real Estate ETF (VNQ) and the VanEck Office And Commercial Real Estate ETF (DESK) saw increases, along with significant gains for City Office REIT (CIO), Compass Inc. (COMP), Office Properties Income Trust (OPI), Anywhere Real Estate Inc. (HOUS), and Vornado Realty Trust (VNO).

Portfolio Pulse from Piero Cingari

March 21, 2024 | 9:29 pm

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