City Office REIT (NYSE:CIO) Issues Earnings Results

City Office REIT (NYSE:CIO) announced its earnings results on Thursday. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40, Zacks reports. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. The business had revenue of $41.92 million during the quarter, compared to analysts’ expectations of $42.79 million. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.

City Office REIT Price Performance

Shares of NYSE CIO opened at $4.93 on Friday. The firm has a fifty day moving average price of $5.25 and a 200-day moving average price of $5.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. City Office REIT has a 1 year low of $4.02 and a 1 year high of $6.50.

City Office REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.10 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.12%. City Office REIT’s dividend payout ratio (DPR) is presently -64.52%.

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.