City Office REIT (CIO) to Release Earnings on Thursday

City Office REIT (NYSE:CIO) is set to release its earnings data before the market opens on Thursday, October 31st. Analysts expect City Office REIT to post 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 wish to register for the company’s earnings conference call can do so using this link.

City Office REIT (NYSE:CIO) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.27 by ($0.41). The business had revenue of $42.34 million during the quarter, compared to the consensus estimate of $43.27 million. City Office REIT had a negative return on equity of 1.07% and a negative net margin of 4.02%. During the same period in the prior year, the firm earned $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 Performance

CIO stock opened at $5.43 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 2.80 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $218.04 million, a price-to-earnings ratio of -19.25, a P/E/G ratio of 0.92 and a beta of 1.95. City Office REIT has a 12 month low of $3.53 and a 12 month high of $6.70. The firm has a 50 day moving average of $5.83 and a two-hundred day moving average of $5.33.

City Office REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend was Thursday, October 10th. City Office REIT’s dividend payout ratio is -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.