City Office REIT (CIO) to Release Earnings on Thursday

City Office REIT (NYSE:CIO) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce 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 that are interested in participating in the company’s earnings conference call can do so using this link.

City Office REIT (NYSE:CIO) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm posted $0.35 earnings per share. 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 Stock Up 3.8 %

CIO stock opened at $5.77 on Thursday. The firm has a market capitalization of $231.69 million, a PE ratio of -20.61, a P/E/G ratio of 0.92 and a beta of 1.95. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.00. City Office REIT has a twelve month low of $3.45 and a twelve month high of $6.70. The stock’s 50 day moving average is $5.83 and its 200-day moving average is $5.31.

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Thursday, October 10th. City Office REIT’s payout ratio is currently -142.86%.

City Office REIT Company Profile

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.