City Office REIT, Inc. (CIO) 10-Year Financial Performance & Capital Metrics

CIO • • REIT / Real Estate

Real EstateOffice REITsSunbelt & Regional Office REITsSunbelt Growth Market Focus

AboutCity Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).Show more

Revenue $171M -4.5%
FFO $42M -30.9%
FFO/Share 1.04 -31.3%
FFO Payout 56.34% +8.4%
FFO per Share 1.04 -31.3%
NOI Margin 59.41% -2.5%
FFO Margin 24.33% -27.7%
ROE -2.35% -589.2%
ROA -1.19% -585.7%
Debt/Assets 44.45% +0.3%
Net Debt/EBITDA 8.05 +18.7%
Book Value/Share 18.30 -5.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 56.3%
✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Weak Piotroski F-Score: 2/9
✗FFO declining 228.4% TTM

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y16.58%

5Y1.83%

3Y1.42%

TTM-5.61%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1179.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM-736.63%

ROCE

10Y Avg1.87%

5Y Avg2.25%

3Y Avg1.97%

Latest1.48%

Peer Comparison

Sunbelt Growth Market Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CUZCousins Properties Incorporated	4.51B	26.85	89.50	6.71%	5.98%	1.21%	3.27%	0.65
FSPFranklin Street Properties Corp.	94.36M	0.91	-1.78	-17.57%	-42.16%	-7.5%		0.38
CIOCity Office REIT, Inc.	282.14M	6.99	-11.10	-4.45%	-75.34%	-20.22%	20.86%	0.88

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	55.05M	72.46M	106.49M	129.48M	156.3M	160.84M	164.04M	180.49M	179.1M	171.13M
Revenue Growth %	0.49%	0.32%	0.47%	0.22%	0.21%	0.03%	0.02%	0.1%	-0.01%	-0.04%
Property Operating Expenses	20.42M	28.3M	42.89M	49.87M	57.32M	58.31M	58.01M	67.74M	70M	69.46M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	26.65M	36.72M	48.39M	60.49M	70.22M	71.06M	72.81M	76.28M	77.83M	82.98M
G&A Expenses	5.03M	6.54M	6.79M	8.14M	11.07M	10.69M	15.49M	13.78M	14.84M	15.2M
EBITDA+	26.15M	72.46M	106.49M	125.99M	156.3M	160.84M	164.04M	179.27M	94.26M	78M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	21.62M	72.76M	91.27M	110.36M	127.54M	129.37M	130.81M	144.02M	62.99M	59.32M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.53M	-297K	15.21M	15.63M	28.76M	31.47M	33.23M	35.25M	31.27M	18.68M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	0	0	0	0	28.4M	26.36M	23.27M	25.78M	31.88M	32.96M
Interest Coverage	-	-	-	-	1.01x	1.19x	1.43x	1.37x	0.98x	0.57x
Non-Operating Income	1.59M	-14.48M	-12.66M	-45.36M	-2.09M	-21K	0	-20.44M	1.43M	2.85M
Pretax Income+	-7.67M	376K	9.16M	38.67M	2.44M	5.13M	485.28M	17.68M	-2.04M	-17.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-6.59M	-843K	5.76M	38.17M	-26.6M	-21.84M	484.39M	25.2M	-2.68M	-17.68M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.17%	0.87%	7.83%	5.63%	-1.7%	0.18%	23.18%	-0.95%	-1.11%	-5.59%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.29%	3.78%	0.35%	0.53%	-0.32%	0.07%	4.72%	-0.72%	-0.64%	-0.31%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.53	-0.04	-0.05	1.01	-0.60	-0.46	10.80	0.59	-0.25	-0.63
EPS Growth %	-0.47%	0.92%	-0.21%	21.2%	-1.59%	0.23%	24.48%	-0.95%	-1.42%	-1.52%
EPS (Basic)	-0.53	-0.04	-0.05	1.02	-0.60	-0.46	10.97	0.60	-0.25	-0.63
Diluted Shares Outstanding	12.41M	20.46M	30.2M	37.67M	44M	47.22M	44.15M	42.87M	39.92M	40.14M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	443.6M	661.49M	896.49M	1.1B	1.23B	1.16B	1.6B	1.57B	1.51B	1.46B
Asset Growth %	0.47%	0.49%	0.36%	0.23%	0.12%	-0.06%	0.38%	-0.02%	-0.04%	-0.04%
Real Estate & Other Assets+	8.47M	5.42M	7.79M	945.57M	1.04B	975.44M	1.45B	1.43B	1.36B	1.32B
PP&E (Net)	354.88M	550.32M	728.07M	935.16M	13.13M	12.74M	14.11M	12.94M	12.56M	0
Investment Securities	0	-1000K	-1000K	-1000K	700K	-1000K	-1000K	1000K	1000K	0
Total Current Assets+	39.26M	49.53M	95.54M	79.36M	124.15M	124.97M	72.68M	88.69M	96.85M	98.86M
Cash & Equivalents	8.14M	13.7M	12.3M	16.14M	70.13M	25.3M	21.32M	28.19M	30.08M	18.89M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	15.18M	15.95M	61.14M	34.38M	21.91M	66.7M	20.95M	16.07M	13.31M	27.66M
Intangible Assets	40.99M	56.21M	65.09M	75.5M	67.53M	44.14M	68.92M	55.44M	42.43M	34.63M
Total Liabilities	369.88M	405.44M	536.66M	702.05M	679.34M	739.42M	730.92M	771.26M	738.74M	721.13M
Total Debt+	344.67M	370.06M	489.51M	645.35M	607.25M	677.24M	653.65M	890.6M	669.51M	646.97M
Net Debt	336.53M	356.35M	477.21M	629.22M	537.12M	651.94M	632.33M	862.41M	639.43M	628.09M
Long-Term Debt	341.28M	317.56M	489.51M	645.35M	607.25M	602.24M	653.65M	690.1M	561.84M	391.97M
Short-Term Borrowings	0	1000K	0	1000K	0	1000K	0	1000K	1000K	1000K
Capital Lease Obligations	2.29M	4.3M	8.65M	8.89M	8.19M	6.04M	22.81M	9.15M	19.37M	0
Total Current Liabilities+	15.06M	26.05M	34.98M	43.25M	35.45M	108.24M	38.7M	44.9M	137.4M	305.98M
Accounts Payable	8.74M	12.98M	17.61M	25.89M	28.79M	25.41M	27.1M	0	0	0
Deferred Revenue	2.65M	5.56M	4.22M	5.33M	6.59M	7.29M	11.6M	9.15M	0	14.27M
Other Liabilities	10.51M	54.9M	3.52M	-5.33M	28.45M	97.9M	27.36M	36.27M	39.51M	23.18M
Total Equity+	73.72M	256.06M	359.83M	398.38M	549.13M	417.88M	870.6M	803.17M	772.63M	734.54M
Equity Growth %	-0.19%	2.47%	0.41%	0.11%	0.38%	-0.24%	1.08%	-0.08%	-0.04%	-0.05%
Shareholders Equity	65.84M	254.2M	359.62M	397.41M	548.01M	416.93M	869.62M	802.83M	772.23M	733.86M
Minority Interest	7.88M	1.86M	208K	964K	1.12M	949K	979K	343K	402K	685K
Common Stock	125K	244K	360K	395K	545K	433K	435K	397K	399K	401K
Additional Paid-in Capital	95.32M	195.57M	334.24M	377.13M	577.13M	479.41M	482.06M	436.16M	438.87M	442.33M
Retained Earnings	-29.6M	-53.61M	-86.98M	-92.11M	-142.38M	-172.96M	275.5M	251.54M	221.21M	179.84M
Preferred Stock	0	112M	112M	112M	112M	112M	112M	112M	112M	112M
Return on Assets (ROA)	-0.02%	-0%	0.01%	0.04%	-0.02%	-0.02%	0.35%	0.02%	-0%	-0.01%
Return on Equity (ROE)	-0.08%	-0.01%	0.02%	0.1%	-0.06%	-0.05%	0.75%	0.03%	-0%	-0.02%
Debt / Assets	0.78%	0.56%	0.55%	0.59%	0.49%	0.59%	0.41%	0.57%	0.44%	0.44%
Debt / Equity	4.68x	1.45x	1.36x	1.62x	1.11x	1.62x	0.75x	1.11x	0.87x	0.88x
Net Debt / EBITDA	12.87x	4.92x	4.48x	4.99x	3.44x	4.05x	3.85x	4.81x	6.78x	8.05x
Book Value per Share	5.94	12.52	11.92	10.58	12.48	8.85	19.72	18.74	19.35	18.30

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.16M	19.15M	36.55M	42.19M	49.5M	59.92M	73.22M	106.68M	57.22M	58.86M
Operating CF Growth %	0.82%	0.35%	0.91%	0.15%	0.17%	0.21%	0.22%	0.46%	-0.46%	0.03%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-6.59M	-843K	5.76M	38.17M	2.44M	5.13M	485.28M	16.99M	-2.04M	-17.13M
Depreciation & Amortization	21.97M	30.48M	41.26M	52.17M	59.16M	60.37M	57.32M	62.57M	62.99M	59.32M
Stock-Based Compensation	1.91M	2.44M	1.67M	1.42M	1.74M	2.33M	2.64M	3.88M	4.09M	4.32M
Other Non-Cash Items	-1.22M	-10.49M	-10.46M	-48.15M	-3.94M	-2.08M	1.11M	29.27M	-5.21M	10.68M
Working Capital Changes	-4.51M	-4.33M	-1.65M	-1.6M	-6.5M	-4.48M	3.52M	-6.03M	-2.62M	1.67M
Cash from Investing+	-175.47M	-216.24M	-243.3M	-197.31M	-81.92M	-27.8M	-17.38M	-47.05M	-41.34M	-40.29M
Acquisitions (Net)	0	-246.43M	0	-843K	112K	52K	286K	170K	0	0
Purchase of Investments	-176.34M	-9.5M	-264.25M	-278.1M	-124.36M	-26.35M	-650.19M	-37.48M	0	0
Sale of Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	-3.22M	41.45M	14.19M	-197.31M	-112K	-52K	-286K	-47.05M	-41.34M	-40.29M
Cash from Financing+	134.58M	203.43M	212.11M	153.25M	86.8M	-73.69M	-59.53M	-57.63M	-16.75M	-28.01M
Dividends Paid	-14.4M	-20.84M	-36.26M	-42.16M	-48.16M	-41.18M	-33.51M	-41.37M	-31.34M	-23.46M
Common Dividends	-14.4M	-20.84M	-36.26M	-42.16M	-48.16M	-41.18M	-33.51M	-41.37M	-31.34M	-23.46M
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Share Repurchases	0	0	0	0	0	-100.36M	-216K	-50.08M	-1.64M	0
Other Financing	-5.74M	-885K	-8.14M	-4.42M	-2.32M	-819K	-1.07M	-1.41M	-2.93M	-1.99M
Net Change in Cash+	-26.72M	21.51M	5.36M	-1.87M	54.38M	-41.57M	-3.69M	2M	-870K	-9.43M
Exchange Rate Effect	0	1000K	0	0	0	0	0	0	0	0
Cash at Beginning	34.86M	8.14M	29.65M	35.01M	33.15M	87.52M	45.95M	42.27M	44.26M	43.39M
Cash at End	8.14M	29.65M	35.01M	33.15M	87.52M	45.95M	42.27M	44.26M	43.39M	33.96M
Free Cash Flow+	-158.09M	-238.54M	-220.94M	38.14M	45.57M	52.13M	65.03M	97.11M	57.22M	58.86M
FCF Growth %	-0.84%	-0.51%	0.07%	1.17%	0.19%	0.14%	0.25%	0.49%	-0.41%	0.03%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.21	3.51	3.21	3.94	2.29	2.28	13.94	3.95	1.51	1.04
FFO Payout Ratio	95.82%	28.98%	37.37%	28.38%	47.72%	38.29%	5.45%	24.44%	51.97%	56.34%
NOI Margin	62.91%	60.94%	59.73%	61.48%	63.33%	63.75%	64.64%	62.47%	60.92%	59.41%
Net Debt / EBITDA	12.87x	4.92x	4.48x	4.99x	3.44x	4.05x	3.85x	4.81x	6.78x	8.05x
Debt / Assets	77.7%	55.94%	54.6%	58.65%	49.43%	58.52%	40.81%	56.57%	44.3%	44.45%
Interest Coverage	-	-	-	-	1.01x	1.19x	1.43x	1.37x	0.98x	0.57x
Book Value / Share	5.94	12.52	11.92	10.58	12.48	8.85	19.72	18.74	19.35	18.3
Revenue Growth	49.21%	31.62%	46.96%	21.6%	20.71%	2.91%	1.99%	10.02%	-0.77%	-4.45%

Frequently Asked Questions

Growth & Financials

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 $123.4M for fiscal year 2024.

Dividend & Returns

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.

Industry Metrics

City Office REIT, Inc. (CIO) generated Funds From Operations (FFO) of $-66.7M 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.

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City Office REIT, Inc. (CIO) 10-Year Financial Performance & Capital Metrics

CIO • • REIT / Real Estate

Real EstateOffice REITsSunbelt & Regional Office REITsSunbelt Growth Market Focus

Revenue $171M -4.5%
FFO $42M -30.9%
FFO/Share 1.04 -31.3%
FFO Payout 56.34% +8.4%
FFO per Share 1.04 -31.3%
NOI Margin 59.41% -2.5%
FFO Margin 24.33% -27.7%
ROE -2.35% -589.2%
ROA -1.19% -585.7%
Debt/Assets 44.45% +0.3%
Net Debt/EBITDA 8.05 +18.7%
Book Value/Share 18.30 -5.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Sustainable FFO payout ratio of 56.3%
✓Trading near 52-week high
✓Trading at only 0.4x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.1%
✗Weak Piotroski F-Score: 2/9
✗FFO declining 228.4% TTM

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y16.58%

5Y1.83%

3Y1.42%

TTM-5.61%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1179.74%

EPS CAGR

10Y-

5Y-

3Y-

TTM-736.63%

ROCE

10Y Avg1.87%

5Y Avg2.25%

3Y Avg1.97%

Latest1.48%

Peer Comparison

Sunbelt Growth Market Focus

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
CUZCousins Properties Incorporated	4.51B	26.85	89.50	6.71%	5.98%	1.21%	3.27%	0.65
FSPFranklin Street Properties Corp.	94.36M	0.91	-1.78	-17.57%	-42.16%	-7.5%		0.38
CIOCity Office REIT, Inc.	282.14M	6.99	-11.10	-4.45%	-75.34%	-20.22%	20.86%	0.88

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	55.05M	72.46M	106.49M	129.48M	156.3M	160.84M	164.04M	180.49M	179.1M	171.13M
Revenue Growth %	0.49%	0.32%	0.47%	0.22%	0.21%	0.03%	0.02%	0.1%	-0.01%	-0.04%
Property Operating Expenses	20.42M	28.3M	42.89M	49.87M	57.32M	58.31M	58.01M	67.74M	70M	69.46M
Net Operating Income (NOI)+	-	-	-	-	-	-	-	-	-	-
NOI Margin %	-	-	-	-	-	-	-	-	-	-
Operating Expenses+	26.65M	36.72M	48.39M	60.49M	70.22M	71.06M	72.81M	76.28M	77.83M	82.98M
G&A Expenses	5.03M	6.54M	6.79M	8.14M	11.07M	10.69M	15.49M	13.78M	14.84M	15.2M
EBITDA+	26.15M	72.46M	106.49M	125.99M	156.3M	160.84M	164.04M	179.27M	94.26M	78M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization+	21.62M	72.76M	91.27M	110.36M	127.54M	129.37M	130.81M	144.02M	62.99M	59.32M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income+	4.53M	-297K	15.21M	15.63M	28.76M	31.47M	33.23M	35.25M	31.27M	18.68M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Interest Expense+	0	0	0	0	28.4M	26.36M	23.27M	25.78M	31.88M	32.96M
Interest Coverage	-	-	-	-	1.01x	1.19x	1.43x	1.37x	0.98x	0.57x
Non-Operating Income	1.59M	-14.48M	-12.66M	-45.36M	-2.09M	-21K	0	-20.44M	1.43M	2.85M
Pretax Income+	-7.67M	376K	9.16M	38.67M	2.44M	5.13M	485.28M	17.68M	-2.04M	-17.13M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	-6.59M	-843K	5.76M	38.17M	-26.6M	-21.84M	484.39M	25.2M	-2.68M	-17.68M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-1.17%	0.87%	7.83%	5.63%	-1.7%	0.18%	23.18%	-0.95%	-1.11%	-5.59%
Funds From Operations (FFO)+	-	-	-	-	-	-	-	-	-	-
FFO Margin %	-	-	-	-	-	-	-	-	-	-
FFO Growth %	0.29%	3.78%	0.35%	0.53%	-0.32%	0.07%	4.72%	-0.72%	-0.64%	-0.31%
FFO per Share+	-	-	-	-	-	-	-	-	-	-
FFO Payout Ratio %	-	-	-	-	-	-	-	-	-	-
EPS (Diluted)+	-0.53	-0.04	-0.05	1.01	-0.60	-0.46	10.80	0.59	-0.25	-0.63
EPS Growth %	-0.47%	0.92%	-0.21%	21.2%	-1.59%	0.23%	24.48%	-0.95%	-1.42%	-1.52%
EPS (Basic)	-0.53	-0.04	-0.05	1.02	-0.60	-0.46	10.97	0.60	-0.25	-0.63
Diluted Shares Outstanding	12.41M	20.46M	30.2M	37.67M	44M	47.22M	44.15M	42.87M	39.92M	40.14M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	443.6M	661.49M	896.49M	1.1B	1.23B	1.16B	1.6B	1.57B	1.51B	1.46B
Asset Growth %	0.47%	0.49%	0.36%	0.23%	0.12%	-0.06%	0.38%	-0.02%	-0.04%	-0.04%
Real Estate & Other Assets+	8.47M	5.42M	7.79M	945.57M	1.04B	975.44M	1.45B	1.43B	1.36B	1.32B
PP&E (Net)	354.88M	550.32M	728.07M	935.16M	13.13M	12.74M	14.11M	12.94M	12.56M	0
Investment Securities	0	-1000K	-1000K	-1000K	700K	-1000K	-1000K	1000K	1000K	0
Total Current Assets+	39.26M	49.53M	95.54M	79.36M	124.15M	124.97M	72.68M	88.69M	96.85M	98.86M
Cash & Equivalents	8.14M	13.7M	12.3M	16.14M	70.13M	25.3M	21.32M	28.19M	30.08M	18.89M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Assets	15.18M	15.95M	61.14M	34.38M	21.91M	66.7M	20.95M	16.07M	13.31M	27.66M
Intangible Assets	40.99M	56.21M	65.09M	75.5M	67.53M	44.14M	68.92M	55.44M	42.43M	34.63M
Total Liabilities	369.88M	405.44M	536.66M	702.05M	679.34M	739.42M	730.92M	771.26M	738.74M	721.13M
Total Debt+	344.67M	370.06M	489.51M	645.35M	607.25M	677.24M	653.65M	890.6M	669.51M	646.97M
Net Debt	336.53M	356.35M	477.21M	629.22M	537.12M	651.94M	632.33M	862.41M	639.43M	628.09M
Long-Term Debt	341.28M	317.56M	489.51M	645.35M	607.25M	602.24M	653.65M	690.1M	561.84M	391.97M
Short-Term Borrowings	0	1000K	0	1000K	0	1000K	0	1000K	1000K	1000K
Capital Lease Obligations	2.29M	4.3M	8.65M	8.89M	8.19M	6.04M	22.81M	9.15M	19.37M	0
Total Current Liabilities+	15.06M	26.05M	34.98M	43.25M	35.45M	108.24M	38.7M	44.9M	137.4M	305.98M
Accounts Payable	8.74M	12.98M	17.61M	25.89M	28.79M	25.41M	27.1M	0	0	0
Deferred Revenue	2.65M	5.56M	4.22M	5.33M	6.59M	7.29M	11.6M	9.15M	0	14.27M
Other Liabilities	10.51M	54.9M	3.52M	-5.33M	28.45M	97.9M	27.36M	36.27M	39.51M	23.18M
Total Equity+	73.72M	256.06M	359.83M	398.38M	549.13M	417.88M	870.6M	803.17M	772.63M	734.54M
Equity Growth %	-0.19%	2.47%	0.41%	0.11%	0.38%	-0.24%	1.08%	-0.08%	-0.04%	-0.05%
Shareholders Equity	65.84M	254.2M	359.62M	397.41M	548.01M	416.93M	869.62M	802.83M	772.23M	733.86M
Minority Interest	7.88M	1.86M	208K	964K	1.12M	949K	979K	343K	402K	685K
Common Stock	125K	244K	360K	395K	545K	433K	435K	397K	399K	401K
Additional Paid-in Capital	95.32M	195.57M	334.24M	377.13M	577.13M	479.41M	482.06M	436.16M	438.87M	442.33M
Retained Earnings	-29.6M	-53.61M	-86.98M	-92.11M	-142.38M	-172.96M	275.5M	251.54M	221.21M	179.84M
Preferred Stock	0	112M	112M	112M	112M	112M	112M	112M	112M	112M
Return on Assets (ROA)	-0.02%	-0%	0.01%	0.04%	-0.02%	-0.02%	0.35%	0.02%	-0%	-0.01%
Return on Equity (ROE)	-0.08%	-0.01%	0.02%	0.1%	-0.06%	-0.05%	0.75%	0.03%	-0%	-0.02%
Debt / Assets	0.78%	0.56%	0.55%	0.59%	0.49%	0.59%	0.41%	0.57%	0.44%	0.44%
Debt / Equity	4.68x	1.45x	1.36x	1.62x	1.11x	1.62x	0.75x	1.11x	0.87x	0.88x
Net Debt / EBITDA	12.87x	4.92x	4.48x	4.99x	3.44x	4.05x	3.85x	4.81x	6.78x	8.05x
Book Value per Share	5.94	12.52	11.92	10.58	12.48	8.85	19.72	18.74	19.35	18.30

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.16M	19.15M	36.55M	42.19M	49.5M	59.92M	73.22M	106.68M	57.22M	58.86M
Operating CF Growth %	0.82%	0.35%	0.91%	0.15%	0.17%	0.21%	0.22%	0.46%	-0.46%	0.03%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	-6.59M	-843K	5.76M	38.17M	2.44M	5.13M	485.28M	16.99M	-2.04M	-17.13M
Depreciation & Amortization	21.97M	30.48M	41.26M	52.17M	59.16M	60.37M	57.32M	62.57M	62.99M	59.32M
Stock-Based Compensation	1.91M	2.44M	1.67M	1.42M	1.74M	2.33M	2.64M	3.88M	4.09M	4.32M
Other Non-Cash Items	-1.22M	-10.49M	-10.46M	-48.15M	-3.94M	-2.08M	1.11M	29.27M	-5.21M	10.68M
Working Capital Changes	-4.51M	-4.33M	-1.65M	-1.6M	-6.5M	-4.48M	3.52M	-6.03M	-2.62M	1.67M
Cash from Investing+	-175.47M	-216.24M	-243.3M	-197.31M	-81.92M	-27.8M	-17.38M	-47.05M	-41.34M	-40.29M
Acquisitions (Net)	0	-246.43M	0	-843K	112K	52K	286K	170K	0	0
Purchase of Investments	-176.34M	-9.5M	-264.25M	-278.1M	-124.36M	-26.35M	-650.19M	-37.48M	0	0
Sale of Investments	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Investing	-3.22M	41.45M	14.19M	-197.31M	-112K	-52K	-286K	-47.05M	-41.34M	-40.29M
Cash from Financing+	134.58M	203.43M	212.11M	153.25M	86.8M	-73.69M	-59.53M	-57.63M	-16.75M	-28.01M
Dividends Paid	-14.4M	-20.84M	-36.26M	-42.16M	-48.16M	-41.18M	-33.51M	-41.37M	-31.34M	-23.46M
Common Dividends	-14.4M	-20.84M	-36.26M	-42.16M	-48.16M	-41.18M	-33.51M	-41.37M	-31.34M	-23.46M
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Share Repurchases	0	0	0	0	0	-100.36M	-216K	-50.08M	-1.64M	0
Other Financing	-5.74M	-885K	-8.14M	-4.42M	-2.32M	-819K	-1.07M	-1.41M	-2.93M	-1.99M
Net Change in Cash+	-26.72M	21.51M	5.36M	-1.87M	54.38M	-41.57M	-3.69M	2M	-870K	-9.43M
Exchange Rate Effect	0	1000K	0	0	0	0	0	0	0	0
Cash at Beginning	34.86M	8.14M	29.65M	35.01M	33.15M	87.52M	45.95M	42.27M	44.26M	43.39M
Cash at End	8.14M	29.65M	35.01M	33.15M	87.52M	45.95M	42.27M	44.26M	43.39M	33.96M
Free Cash Flow+	-158.09M	-238.54M	-220.94M	38.14M	45.57M	52.13M	65.03M	97.11M	57.22M	58.86M
FCF Growth %	-0.84%	-0.51%	0.07%	1.17%	0.19%	0.14%	0.25%	0.49%	-0.41%	0.03%
FCF / Revenue %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
FFO per Share	1.21	3.51	3.21	3.94	2.29	2.28	13.94	3.95	1.51	1.04
FFO Payout Ratio	95.82%	28.98%	37.37%	28.38%	47.72%	38.29%	5.45%	24.44%	51.97%	56.34%
NOI Margin	62.91%	60.94%	59.73%	61.48%	63.33%	63.75%	64.64%	62.47%	60.92%	59.41%
Net Debt / EBITDA	12.87x	4.92x	4.48x	4.99x	3.44x	4.05x	3.85x	4.81x	6.78x	8.05x
Debt / Assets	77.7%	55.94%	54.6%	58.65%	49.43%	58.52%	40.81%	56.57%	44.3%	44.45%
Interest Coverage	-	-	-	-	1.01x	1.19x	1.43x	1.37x	0.98x	0.57x
Book Value / Share	5.94	12.52	11.92	10.58	12.48	8.85	19.72	18.74	19.35	18.3
Revenue Growth	49.21%	31.62%	46.96%	21.6%	20.71%	2.91%	1.99%	10.02%	-0.77%	-4.45%

Frequently Asked Questions

Growth & Financials

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 $123.4M for fiscal year 2024.

Dividend & Returns

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.

Industry Metrics

City Office REIT, Inc. (CIO) generated Funds From Operations (FFO) of $-66.7M 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.