8-K Announcements
6Jan 9, 2026·SEC
Dec 4, 2025·SEC
Nov 25, 2025·SEC
City Office REIT, Inc. (CIO) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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City Office REIT, Inc. (CIO) stock price & volume — 10-year historical chart
City Office REIT, Inc. (CIO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
City Office REIT, Inc. (CIO) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 19, 2026 | $0.28vs $0.12+333.3% | —vs $43M |
| Q4 2025 | Dec 25, 2025 | $0.27vs $0.12+334.8% | $37Mvs $43M-13.6% |
| Q4 2025 | Nov 7, 2025 | $0.14vs $0.10-40.0% | $37Mvs $43M-12.5% |
| Q3 2025 | Jul 31, 2025 | $0.28vs $0.10+371.0% | $42Mvs $43M-1.2% |
City Office REIT, Inc. (CIO) competitors in Sun Belt and Multi-Market Office REITs — business model, growth, and fundamentals comparison
City Office REIT, Inc. (CIO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
City Office REIT, Inc. (CIO) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 72.46M | 106.49M | 129.48M | 156.3M | 160.84M | 164.04M | 180.49M | 179.1M | 171.13M | 163.79M |
Revenue Growth % | 31.62% | 46.96% | 21.6% | 20.71% | 2.91% | 1.99% | 10.02% | -0.77% | -4.45% | -5.61% |
Property Operating Expenses | 28.3M | 42.89M | 49.87M | 57.32M | 58.31M | 58.01M | 67.74M | 70M | 69.46M | 64.64M |
Net Operating Income (NOI) | 44.16M▲ 0% | 63.6M▲ 44.0% | 79.61M▲ 25.2% | 98.98M▲ 24.3% | 102.53M▲ 3.6% | 106.04M▲ 3.4% | 112.75M▲ 6.3% | 109.1M▼ 3.2% | 101.67M▼ 6.8% | 99.15M▲ 0% |
NOI Margin % | 60.94% | 59.73% | 61.48% | 63.33% | 63.75% | 64.64% | 62.47% | 60.92% | 59.41% | 60.54% |
Operating Expenses | 36.72M | 48.39M | 60.49M | 70.22M | 71.06M | 72.81M | 76.28M | 77.83M | 82.98M | 186.14M |
G&A Expenses | 6.54M | 6.79M | 8.14M | 11.07M | 10.69M | 15.49M | 13.78M | 14.84M | 15.2M | 15.71M |
EBITDA | 72.46M | 106.49M | 125.99M | 156.3M | 160.84M | 164.04M | 179.27M | 94.26M | 78M | -30.32M |
EBITDA Margin % | 100% | 100% | 97.3% | 100% | 100% | 100% | 99.33% | 52.63% | 45.58% | -18.51% |
Depreciation & Amortization | 72.76M | 91.27M | 110.36M | 127.54M | 129.37M | 130.81M | 144.02M | 62.99M | 59.32M | 56.67M |
D&A / Revenue % | 100.41% | 85.71% | 85.23% | 81.6% | 80.43% | 79.74% | 79.79% | 35.17% | 34.67% | 34.6% |
Operating Income | -297K▲ 0% | 15.21M▲ 5222.9% | 15.63M▲ 2.7% | 28.76M▲ 84.0% | 31.47M▲ 9.4% | 33.23M▲ 5.6% | 35.25M▲ 6.1% | 31.27M▼ 11.3% | 18.68M▼ 40.3% | -86.99M▲ 0% |
Operating Margin % | -0.41% | 14.29% | 12.07% | 18.4% | 19.57% | 20.26% | 19.53% | 17.46% | 10.92% | -53.11% |
Interest Expense | 0 | 0 | 0 | 28.4M | 26.36M | 23.27M | 25.78M | 31.88M | 32.96M | 4M |
Interest Coverage | - | - | - | 1.09x | 1.19x | 1.43x | 1.69x | 0.94x | 0.48x | - |
Non-Operating Income | -14.48M | -12.66M | -45.36M | -2.09M | -21K | 0 | -20.44M | 1.43M | 2.85M | 4.13M |
Pretax Income | 376K▲ 0% | 9.16M▲ 2335.6% | 38.67M▲ 322.2% | 2.44M▼ 93.7% | 5.13M▲ 110.0% | 485.28M▲ 9361.5% | 17.68M▼ 96.4% | -2.04M▼ 111.5% | -17.13M▼ 741.5% | -121.14M▲ 0% |
Pretax Margin % | 0.52% | 8.6% | 29.86% | 1.56% | 3.19% | 295.83% | 9.8% | -1.14% | -10.01% | -73.96% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | -843K▲ 0% | 5.76M▲ 782.8% | 38.17M▲ 563.1% | -26.6M▼ 169.7% | -21.84M▲ 17.9% | 484.39M▲ 2318.3% | 25.2M▼ 94.8% | -2.68M▼ 110.6% | -17.68M▼ 559.2% | -121.55M▲ 0% |
Net Margin % | -1.16% | 5.41% | 29.48% | -17.02% | -13.58% | 295.29% | 13.96% | -1.5% | -10.33% | -74.21% |
Net Income Growth % | 87.21% | 782.8% | 563.1% | -169.7% | 17.92% | 2318.33% | -94.8% | -110.64% | -559.21% | -1160.5% |
Funds From Operations (FFO) | 71.92M▲ 0% | 97.03M▲ 34.9% | 148.53M▲ 53.1% | 100.94M▼ 32.0% | 107.53M▲ 6.5% | 615.21M▲ 472.1% | 169.22M▼ 72.5% | 60.3M▼ 64.4% | 41.64M▼ 30.9% | -64.88M▲ 0% |
FFO Margin % | 99.25% | 91.12% | 114.71% | 64.58% | 66.86% | 375.03% | 93.76% | 33.67% | 24.33% | -39.61% |
FFO Growth % | 378.38% | 34.92% | 53.08% | -32.04% | 6.53% | 472.11% | -72.49% | -64.36% | -30.95% | -1040.81% |
FFO per Share | 3.51 | 3.21 | 3.94 | 2.29 | 2.28 | 13.94 | 3.95 | 1.51 | 1.04 | -1.61 |
FFO Payout Ratio % | 28.98% | 37.37% | 28.38% | 47.72% | 38.29% | 5.45% | 24.44% | 51.97% | 56.34% | -36.26% |
EPS (Diluted) | -0.04▲ 0% | -0.05▼ 21.4% | 1.01▲ 2120.0% | -0.60▼ 159.4% | -0.46▲ 23.3% | 10.80▲ 2447.8% | 0.59▼ 94.5% | -0.25▼ 142.4% | -0.63▼ 152.0% | -3.01▲ 0% |
EPS Growth % | 92.23% | -21.36% | 2120% | -159.41% | 23.33% | 2447.83% | -94.54% | -142.37% | -152% | -736.63% |
EPS (Basic) | -0.04 | -0.05 | 1.02 | -0.60 | -0.46 | 10.97 | 0.60 | -0.25 | -0.63 | - |
Diluted Shares Outstanding | 20.46M | 30.2M | 37.67M | 44M | 47.22M | 44.15M | 42.87M | 39.92M | 40.14M | 40.36M |
City Office REIT, Inc. (CIO) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 661.49M | 896.49M | 1.1B | 1.23B | 1.16B | 1.6B | 1.57B | 1.51B | 1.46B | 1.07B |
Asset Growth % | 49.12% | 35.52% | 22.75% | 11.64% | -5.79% | 38.38% | -1.69% | -4.01% | -3.69% | -46.22% |
Real Estate & Other Assets | 5.42M | 7.79M | 945.57M | 1.04B | 975.44M | 1.45B | 1.43B | 1.36B | 1.32B | 0 |
PP&E (Net) | 550.32M | 728.07M | 935.16M | 13.13M | 12.74M | 14.11M | 12.94M | 12.56M | 0 | 0 |
Investment Securities | -1000K | -1000K | -1000K | 700K | -1000K | -1000K | 1000K | 1000K | 0 | 0 |
Total Current Assets | 49.53M | 95.54M | 79.36M | 124.15M | 124.97M | 72.68M | 88.69M | 96.85M | 98.86M | 62.25M |
Cash & Equivalents | 13.7M | 12.3M | 16.14M | 70.13M | 25.3M | 21.32M | 28.19M | 30.08M | 18.89M | 21.35M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 15.95M | 61.14M | 34.38M | 21.91M | 66.7M | 20.95M | 16.07M | 13.31M | 27.66M | 0 |
Intangible Assets | 56.21M | 65.09M | 75.5M | 67.53M | 44.14M | 68.92M | 55.44M | 42.43M | 34.63M | 23.87M |
Total Liabilities | 405.44M | 536.66M | 702.05M | 679.34M | 739.42M | 730.92M | 771.26M | 738.74M | 721.13M | 456.78M |
Total Debt | 370.06M | 489.51M | 645.35M | 607.25M | 677.24M | 653.65M | 890.6M | 669.51M | 646.97M | 401.9M |
Net Debt | 356.35M | 477.21M | 629.22M | 537.12M | 651.94M | 632.33M | 862.41M | 639.43M | 628.09M | 380.55M |
Long-Term Debt | 317.56M | 489.51M | 645.35M | 607.25M | 602.24M | 653.65M | 690.1M | 561.84M | 391.97M | 254.87M |
Short-Term Borrowings | 3.85M | 0 | 4.8M | 0 | 75M | 0 | 200.5M | 107.67M | 255M | 145.44M |
Capital Lease Obligations | 4.3M | 8.65M | 8.89M | 8.19M | 6.04M | 22.81M | 0 | 658K | 0 | 7.32M |
Total Current Liabilities | 26.05M | 34.98M | 43.25M | 35.45M | 108.24M | 38.7M | 44.9M | 137.4M | 305.98M | 182.65M |
Accounts Payable | 12.98M | 17.61M | 25.89M | 28.79M | 25.41M | 27.1M | 0 | 0 | 0 | 29.01M |
Deferred Revenue | 5.56M | 4.22M | 5.33M | 6.59M | 7.29M | 11.6M | 9.15M | 0 | 14.27M | 0 |
Other Liabilities | 54.9M | 3.52M | -5.33M | 28.45M | 97.9M | 27.36M | 36.27M | 39.51M | 23.18M | 17.74M |
Total Equity | 256.06M▲ 0% | 359.83M▲ 40.5% | 398.38M▲ 10.7% | 549.13M▲ 37.8% | 417.88M▼ 23.9% | 870.6M▲ 108.3% | 803.17M▼ 7.7% | 772.63M▼ 3.8% | 734.54M▼ 4.9% | 610.45M▲ 0% |
Equity Growth % | 247.34% | 40.53% | 10.71% | 37.84% | -23.9% | 108.34% | -7.74% | -3.8% | -4.93% | -47.55% |
Shareholders Equity | 254.2M | 359.62M | 397.41M | 548.01M | 416.93M | 869.62M | 802.83M | 772.23M | 733.86M | 610.05M |
Minority Interest | 1.86M | 208K | 964K | 1.12M | 949K | 979K | 343K | 402K | 685K | 403K |
Common Stock | 244K | 360K | 395K | 545K | 433K | 435K | 397K | 399K | 401K | 403K |
Additional Paid-in Capital | 195.57M | 334.24M | 377.13M | 577.13M | 479.41M | 482.06M | 436.16M | 438.87M | 442.33M | 444.36M |
Retained Earnings | -53.61M | -86.98M | -92.11M | -142.38M | -172.96M | 275.5M | 251.54M | 221.21M | 179.84M | 55.17M |
Preferred Stock | 112M | 112M | 112M | 112M | 112M | 112M | 112M | 112M | 112M | 112M |
Return on Assets (ROA) | -0.15% | 0.74% | 3.82% | -2.28% | -1.83% | 35.12% | 1.59% | -0.17% | -1.19% | -9.2% |
Return on Equity (ROE) | -0.51% | 1.87% | 10.07% | -5.62% | -4.52% | 75.19% | 3.01% | -0.34% | -2.35% | -18.09% |
Debt / Assets | 55.94% | 54.6% | 58.65% | 49.43% | 58.52% | 40.81% | 56.57% | 44.3% | 44.45% | 37.66% |
Debt / Equity | 1.45x | 1.36x | 1.62x | 1.11x | 1.62x | 0.75x | 1.11x | 0.87x | 0.88x | 0.66x |
Net Debt / EBITDA | 4.92x | 4.48x | 4.99x | 3.44x | 4.05x | 3.85x | 4.81x | 6.78x | 8.05x | -12.55x |
Book Value per Share | 12.52 | 11.92 | 10.58 | 12.48 | 8.85 | 19.72 | 18.74 | 19.35 | 18.30 | 15.12 |
City Office REIT, Inc. (CIO) cash flow — operating, investing & free cash flow history
| Metric | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 19.15M | 36.55M | 42.19M | 49.5M | 59.92M | 73.22M | 106.68M | 57.22M | 58.86M | 47.59M |
Operating CF Growth % | 35.19% | 90.91% | 15.41% | 17.33% | 21.06% | 22.19% | 45.69% | -46.36% | 2.87% | -68.4% |
Operating CF / Revenue % | 26.42% | 34.33% | 32.58% | 31.67% | 37.26% | 44.64% | 59.11% | 31.95% | 34.4% | 29.06% |
Net Income | -843K | 5.76M | 38.17M | 2.44M | 5.13M | 485.28M | 16.99M | -2.04M | -17.13M | -121.55M |
Depreciation & Amortization | 30.48M | 41.26M | 52.17M | 59.16M | 60.37M | 57.32M | 62.57M | 62.99M | 59.32M | 35.5M |
Stock-Based Compensation | 2.44M | 1.67M | 1.42M | 1.74M | 2.33M | 2.64M | 3.88M | 4.09M | 4.32M | 2.84M |
Other Non-Cash Items | -10.49M | -10.46M | -48.15M | -3.94M | -2.08M | 1.11M | 29.27M | -5.21M | 10.68M | 105.16M |
Working Capital Changes | -4.33M | -1.65M | -1.6M | -6.5M | -4.48M | 3.52M | -6.03M | -2.62M | 1.67M | -195K |
Cash from Investing | -216.24M | -243.3M | -197.31M | -81.92M | -27.8M | -17.38M | -47.05M | -41.34M | -40.29M | 225.22M |
Acquisitions (Net) | -246.43M | 0 | -843K | 112K | 52K | 286K | 170K | 0 | 0 | 0 |
Purchase of Investments | -9.5M | -264.25M | -278.1M | -124.36M | -26.35M | -650.19M | -37.48M | 0 | 0 | 0 |
Sale of Investments | 42.98M | 16.99M | 84.84M | 46.36M | 6.34M | 641M | 46.88M | 0 | 0 | 0 |
Other Investing | 41.45M | 14.19M | -197.31M | -112K | -52K | -286K | -47.05M | -41.34M | -40.29M | 225.22M |
Cash from Financing | 203.43M | 212.11M | 153.25M | 86.8M | -73.69M | -59.53M | -57.63M | -16.75M | -28.01M | -276.56M |
Dividends Paid | -20.84M | -36.26M | -42.16M | -48.16M | -41.18M | -33.51M | -41.37M | -31.34M | -23.46M | -23.52M |
Common Dividends | -20.84M | -36.26M | -42.16M | -48.16M | -41.18M | -33.51M | -41.37M | -31.34M | -23.46M | -23.52M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -2M |
Share Repurchases | 0 | 0 | 0 | 0 | -100.36M | -216K | -50.08M | -1.64M | 0 | -31K |
Other Financing | -885K | -8.14M | -4.42M | -2.32M | -819K | -1.07M | -1.41M | -2.93M | -1.99M | -1.5M |
Net Change in Cash | 21.51M▲ 0% | 5.36M▼ 75.1% | -1.87M▼ 134.8% | 54.38M▲ 3009.5% | -41.57M▼ 176.5% | -3.69M▲ 91.1% | 2M▲ 154.2% | -870K▼ 143.6% | -9.43M▼ 984.3% | -3.75M▲ 0% |
Exchange Rate Effect | 15.18M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 8.14M | 29.65M | 35.01M | 33.15M | 87.52M | 45.95M | 42.27M | 44.26M | 43.39M | 34.5M |
Cash at End | 29.65M | 35.01M | 33.15M | 87.52M | 45.95M | 42.27M | 44.26M | 43.39M | 33.96M | 39.28M |
Free Cash Flow | -238.54M▲ 0% | -220.94M▲ 7.4% | 38.14M▲ 117.3% | 45.57M▲ 19.5% | 52.13M▲ 14.4% | 65.03M▲ 24.7% | 97.11M▲ 49.3% | 57.22M▼ 41.1% | 58.86M▲ 2.9% | 47.59M▲ 0% |
FCF Growth % | -50.89% | 7.38% | 117.26% | 19.49% | 14.39% | 24.74% | 49.33% | -41.08% | 2.87% | -17.52% |
FCF / Revenue % | -329.2% | -207.48% | 29.45% | 29.16% | 32.41% | 39.64% | 53.81% | 31.95% | 34.4% | 29.06% |
City Office REIT, Inc. (CIO) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 3.51 | 3.21 | 3.94 | 2.29 | 2.28 | 13.94 | 3.95 | 1.51 | 1.04 | -1.61 |
FFO Payout Ratio | 28.98% | 37.37% | 28.38% | 47.72% | 38.29% | 5.45% | 24.44% | 51.97% | 56.34% | -36.26% |
NOI Margin | 60.94% | 59.73% | 61.48% | 63.33% | 63.75% | 64.64% | 62.47% | 60.92% | 59.41% | 60.54% |
Net Debt / EBITDA | 4.92x | 4.48x | 4.99x | 3.44x | 4.05x | 3.85x | 4.81x | 6.78x | 8.05x | -12.55x |
Debt / Assets | 55.94% | 54.6% | 58.65% | 49.43% | 58.52% | 40.81% | 56.57% | 44.3% | 44.45% | 37.66% |
Interest Coverage | - | - | - | 1.09x | 1.19x | 1.43x | 1.69x | 0.94x | 0.48x | - |
Book Value / Share | 12.52 | 11.92 | 10.58 | 12.48 | 8.85 | 19.72 | 18.74 | 19.35 | 18.3 | 15.12 |
Revenue Growth | 31.62% | 46.96% | 21.6% | 20.71% | 2.91% | 1.99% | 10.02% | -0.77% | -4.45% | -5.61% |
City Office REIT, Inc. (CIO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jan 9, 2026·SEC
Dec 4, 2025·SEC
Nov 25, 2025·SEC
City Office REIT, Inc. (CIO) stock FAQ — growth, dividends, profitability & financials explained
City Office REIT, Inc. (CIO) reported $163.8M in revenue for fiscal year 2024. This represents a 1685% increase from $9.2M in 2011.
City Office REIT, Inc. (CIO) saw revenue decline by 4.5% over the past year.
City Office REIT, Inc. (CIO) reported a net loss of $121.5M for fiscal year 2024.
Yes, City Office REIT, Inc. (CIO) pays a dividend with a yield of 8.36%. This makes it attractive for income-focused investors.
City Office REIT, Inc. (CIO) has a return on equity (ROE) of -2.3%. Negative ROE indicates the company is unprofitable.
City Office REIT, Inc. (CIO) generated Funds From Operations (FFO) of $-64.9M in the trailing twelve months. FFO is the primary profitability metric for REITs.
City Office REIT, Inc. (CIO) offers a 8.36% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.