City Office REIT, Inc. (CIO) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
Loading revenue history...
CIO Revenue Growth
CIO Revenue Analysis (2013–2024)
As of May 8, 2026, City Office REIT, Inc. (CIO) generated trailing twelve-month (TTM) revenue of $163.8 million, reflecting significant decline in growth of -12.0% year-over-year. The most recent quarter (Q3 2025) recorded $37.3 million in revenue, down 12.0% sequentially.
Looking at the longer-term picture, CIO's 5-year compound annual growth rate (CAGR) stands at +1.8%, indicating moderate growth over time. The company achieved its highest annual revenue of $180.5 million in 2022.
When compared to Real Estate sector peers including PDM (-25.7% YoY), DEA (+11.9% YoY), and PGRE (-5.3% YoY), CIO has underperformed the peer group in terms of revenue growth. Compare CIO vs PDM →
CIO Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CIOCurrent | $164M | -12.0% | +1.8% | 10.9% | |
 PDM | $565M | -25.7% | +1.1% | 14.1% | |
 DEA | $336M | +11.9% | +6.5% | 24.9% | |
 PGRE | $757M | -5.3% | -0.3% | 19.6% | |
 HIW | $806M | +0.4% | +1.8% | 26.0% | |
 JBGS | $499M | -3.3% | -3.7% | -1.3% |
CIO Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $171.1M | -4.5% | $101.7M | 59.4% | $18.7M | 10.9% |
| 2023 | $179.1M | -0.8% | $109.1M | 60.9% | $31.3M | 17.5% |
| 2022 | $180.5M | +10.0% | $112.7M | 62.5% | $35.3M | 19.5% |
| 2021 | $164.0M | +2.0% | $106.0M | 64.6% | $33.2M | 20.3% |
| 2020 | $160.8M | +2.9% | $102.5M | 63.7% | $31.5M | 19.6% |
| 2019 | $156.3M | +20.7% | $99.0M | 63.3% | $28.8M | 18.4% |
| 2018 | $129.5M | +21.6% | $79.6M | 61.5% | $15.6M | 12.1% |
| 2017 | $106.5M | +47.0% | $63.6M | 59.7% | $15.2M | 14.3% |
| 2016 | $72.5M | +31.6% | $44.2M | 60.9% | $-297,000 | -0.4% |
| 2015 | $55.1M | +49.2% | $34.6M | 62.9% | $4.5M | 8.2% |
See CIO's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs CIO Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare CIO vs WELL
Side-by-side business, growth, and profitability comparison vs Welltower Inc..
Start ComparisonCIO — Frequently Asked Questions
Quick answers to the most common questions about buying CIO stock.
Is CIO's revenue growth accelerating or slowing?
CIO revenue declined -12.0% year-over-year, contrasting with the 5-year CAGR of +1.8%. TTM revenue fell to $164M. This reverses the prior growth trend.
What is CIO's long-term revenue growth rate?
City Office REIT, Inc.'s 5-year revenue CAGR of +1.8% reflects the variable expansion pattern. Current YoY growth of -12.0% is below this long-term average.
How is CIO's revenue distributed by segment?
CIO reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.