City Office REIT (CIO) Set to Announce Earnings on Thursday

City Office REIT (NYSE:CIO) will release its earnings data before the market opens on Thursday, October 31st. Analysts expect City Office REIT to post earnings of $0.25 per share for the quarter. City Office REIT has set its FY 2024 guidance at 1.140-1.180 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

City Office REIT (NYSE:CIO) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.41). City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. The company had revenue of $42.34 million for the quarter, compared to the consensus estimate of $43.27 million. During the same quarter last year, the company posted $0.35 EPS. On average, analysts expect City Office REIT to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

City Office REIT Trading Down 0.9 %

Shares of City Office REIT stock opened at $5.49 on Tuesday. The stock has a fifty day simple moving average of $5.83 and a 200 day simple moving average of $5.32. City Office REIT has a 12-month low of $3.53 and a 12-month high of $6.70. The company has a market capitalization of $220.45 million, a P/E ratio of -19.64, a price-to-earnings-growth ratio of 0.92 and a beta of 1.95. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 1.00.

City Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, October 10th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, October 10th. This represents a $0.40 annualized dividend and a yield of 7.29%. City Office REIT’s dividend payout ratio (DPR) is currently -142.86%.

About City Office REIT

City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.7 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S.