Stock CIO CITY OFFICE REIT, INC.
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Financials City Office REIT, Inc.

Equities

CIO

US1785871013

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:01 2024-04-26 pm EDT 		5-day change 1st Jan Change
4.58 USD +0.44% Intraday chart for City Office REIT, Inc. +0.22% -25.04%
Mar. 15 City Office REIT Maintains Quarterly Dividend at $0.10 Per Share, Payable April 24 to Holders of Record on April 10 MT
Mar. 15 City Office REIT, Inc. Authorizes Quarterly Dividend for the First Quarter of 2024, Payable on April 24, 2024 CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 737.5 424 858.9 332.8 244 183.9 - -
Enterprise Value (EV) 1 1,275 1,076 1,491 332.8 244 183.9 183.9 183.9
P/E ratio -104 x -163 x 1.83 x 38.1 x -24.4 x -8.53 x -9.25 x -14.8 x
Yield 6.95% 6.14% 3.3% 9.55% 8.18% 8.73% 8.73% 8.73%
Capitalization / Revenue 4.72 x 2.64 x 5.24 x 1.84 x 1.36 x 1.06 x 1.05 x 1.04 x
EV / Revenue 4.72 x 2.64 x 5.24 x 1.84 x 1.36 x 1.06 x 1.05 x 1.04 x
EV / EBITDA 8.39 x 4.62 x 9.49 x 3.85 x 2.59 x 2.03 x 1.99 x -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.35 x 1.02 x 0.99 x - - - - -
Nbr of stocks (in thousands) 54,547 43,397 43,554 39,719 39,938 40,154 - -
Reference price 2 13.52 9.770 19.72 8.380 6.110 4.580 4.580 4.580
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 156.3 160.8 164 180.5 179.1 173.8 175.7 177.6
EBITDA 1 87.92 91.84 90.55 86.38 94.26 90.49 92.48 -
EBIT 1 28.76 31.47 33.23 36.47 31.27 25.33 25.81 -
Operating Margin 18.4% 19.57% 20.26% 20.21% 17.46% 14.57% 14.69% -
Earnings before Tax (EBT) 2.442 5.129 485.3 - - - - -
Net income 1 -5.622 -2.893 477 9.57 -10.1 -20.05 -19.11 -12.61
Net margin -3.6% -1.8% 290.77% 5.3% -5.64% -11.54% -10.88% -7.1%
EPS 2 -0.1300 -0.0600 10.80 0.2200 -0.2500 -0.5367 -0.4950 -0.3100
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.9400 0.6000 0.6500 0.8000 0.5000 0.4000 0.4000 0.4000
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 44.89 39.67 44.85 45.5 45.52 44.61 45.96 44.6 44.21 44.32 43.35 43.38 43.33 43.52 43.38
EBITDA 1 21.81 23.42 24.91 25.05 25.6 31.4 24.47 23.69 23.04 23.06 22.59 22.61 22.55 22.74 22.93
EBIT 1 7.161 10.12 9.092 9.347 9.049 8.98 9.168 7.922 8.316 5.864 6.791 6.919 6.728 6.65 6.502
Operating Margin 15.95% 25.52% 20.27% 20.54% 19.88% 20.13% 19.95% 17.76% 18.81% 13.23% 15.66% 15.95% 15.53% 15.28% 14.99%
Earnings before Tax (EBT) 1.244 433.2 24.69 3.063 2.164 - - - - - - - - - -
Net income 1 -0.989 431.2 22.66 1.044 0.134 -14.27 -1.151 -2.535 -1.898 -4.518 -4.818 -4.899 -5.056 -5.079 -4.973
Net margin -2.2% 1,086.9% 50.53% 2.29% 0.29% -32% -2.5% -5.68% -4.29% -10.19% -11.11% -11.29% -11.67% -11.67% -11.46%
EPS 2 -0.0200 9.760 0.5100 0.0200 - -0.3600 -0.0300 -0.0600 -0.0500 -0.1100 -0.1300 -0.1350 -0.1400 -0.1350 -0.1300
Dividend per Share 2 0.1500 0.1500 0.2000 0.2000 0.2000 0.2000 0.2000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000 0.1000
Announcement Date 11/3/21 2/25/22 5/5/22 8/4/22 11/7/22 2/23/23 5/5/23 8/3/23 11/9/23 2/22/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 537 652 632 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 6.11 x 7.099 x 6.983 x - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) -1.91% -0.6% 74.1% - - - - -
ROA (Net income/ Total Assets) -0.78% -0.24% 34.6% - - - - -
Assets 1 724.7 1,193 1,379 - - - - -
Book Value Per Share 10.00 9.610 20.00 - - - - -
Cash Flow per Share 1.130 1.270 1.660 - - - - -
Capex 16 26.4 17.9 - - - - -
Capex / Sales 10.24% 16.38% 10.89% - - - - -
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for City Office REIT, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
4.58 USD
Average target price
6 USD
Spread / Average Target
+31.00%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Office REITs
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  4. Financials City Office REIT, Inc.