CIO

City Office REIT, Inc. [CIO] Stock Forecast

Buy or Sell ? Support and Resistance

What is MACD and how to read it?

How RSI can help?
RSI : 000

CIO Stock Summary

Top 10 Correlated ETFs

CIO


Top 10 Correlated Stocks

CIO


In the News

12:39 04 Mar 2024 CIO

I Went Heavy On Buying City Office REIT's 9.7% Yielding Preferreds

City Office REIT's preferreds are a strong investment with a 9.7% yield on cost and the ability to cover annual preferred payments with core FFO generated in a single quarter. The REIT's lease expirations and debt maturities are well managed, reducing credit risk for the preferreds. The preferreds are currently trading at a discount to their liquidation value and stand to benefit from future Fed rate cuts.

08:25 04 Mar 2024 CIO

City Office REIT (CIO) Q4 FFO Meet Estimates

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.38 per share a year ago.

09:49 04 Mar 2024 CIO

City Office REIT: Deep Value Or 7.3% Dividend Yield Trap?

City Office REIT is trading at a nearly 70% discount to book value per share at the end of its most recent quarter. The Sun Belt office-focused REIT is currently paying out a 7.3% dividend yield after a series of cuts over the last few years. The quarterly distribution was 150% covered by adjusted FFO which dipped 3 cents year-over-year.

11:20 04 Mar 2024 CIO

Sell Alert: The Slaughter Of Office REITs Is Just Beginning

Office REITs are facing challenges as the hybrid work model becomes more popular, leading to downsizing and increased vacancies. Major companies like Charles Schwab, Johnson & Johnson, Dropbox, and Microsoft have already downsized their office spaces. Office REITs like Boston Properties, Kilroy Realty, City Office REIT, and SL Green are experiencing negative cash spreads and declining occupancy rates, indicating more trouble ahead.

08:00 04 Mar 2024 CIO

Top 12 REITs For The Next 12 Months

REITs are performing well and expected to continue to rise, with potential for a 45% increase in the next 2-3 years. If the Fed reduces the prime rate, REIT yields will become more competitive with bonds and treasuries. REIT balance sheets are in good condition, with low debt ratios and valuations coming back into the low end of their normal range.

09:30 04 Mar 2024 CIO

Cash COWs: 11 High-Yield REITS With Very Safe Dividends

Some high-yielding REITs have unsafe dividends, leading to potential dividend cuts and decline in share value. This article provides a list of 11 cash COW REITs with safe dividends, including companies from the cannabis and office sectors. There is also a list of high-yield REITs with slightly more risk but still considered safe by the Seeking Alpha Quant Ratings system.

01:18 04 Mar 2024 CIO

City Office REIT: A De-Risked 10% Preferred Yield

Since the publication of my initial buy article City Office REIT's preferred shares have performed slightly better than CIO's equity, registering a more balanced ride and a 7% total return. The company's ample liquidity, strong cash retention, and improving fundamentals were the initial factors behind the buy rating for the preferred shares. The most recent Q3 results entail mixed signals. The underlying FFO and occupancy ratio declined and the struggles with WeWork could inflict further damage down the road.

09:00 04 Mar 2024 CIO

Buried Treasures: 10 Dramatically Undervalued REITs Yielding Over 5%

REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs with a yield of 5% or better is provided, along with 10 additional REITs to consider.

07:55 04 Mar 2024 CIO

City Office REIT: Fortune Favors The Brave

City Office has been left for dead in the unloved REIT sector during late 2023, despite solid FFO generation and a stable future. The valuation setup is at all-time lows on work-from-home fears for office property demand, and rising long-term interest rates. A technical oversold condition, lack of volume selling to confirm new price lows in October, and a large price gain last week on light volume, make the bullish argument.

05:32 04 Mar 2024 CIO

9 REITs Blown Apart, Holding Serious 2024 Rebound Potential

Sharply higher long-term borrowing costs for real estate during late summer have been a huge headwind for REIT operations and investment valuations. The demand for commercial real estate, especially office space, is being questioned with the appearance of stay-at-home living/work trends. However, things change. A slower economy into 2024 could reverse interest rates lower and pinpoint a bottom in REIT pessimism.

CIO Financial details

Company Rating
Neutral
Market Cap
181.9M
Income
-10.1M
Revenue
179.1M
Book val./share
19.34
Cash/share
0.75
Dividend
0.5
Dividend %
7.97%
Employees
20
Optionable
No
Shortable
Yes
Earnings
03 May 2024
P/E
-7.81
Forward P/E
-45.3
PEG
0.54
P/S
1.4
P/B
0.32
P/C
6.04
P/FCF
4.34
Quick Ratio
0.36
Current Ratio
0.42
Debt / Equity
-
LT Debt / Equity
-
-
-
EPS (TTM)
-0.26
EPS next Y
-0.1
EPS next Q
1.58
EPS this Y
-142.37%
EPS next Y
-61.26%
EPS next 5Y
-61.26%
EPS last 5Y
-16.06%
Revenue last 5Y
2.76%
Revenue Q/Q
0.24%
EPS Q/Q
-22827.27%
-
-
-
-
SMA20
-18.97%
SMA50
-25.3%
SMA100
10.55%
Inst Own
54.75%
Inst Trans
0.78%
ROA
-2%
ROE
-4%
ROC
0.03%
Gross Margin
61%
Oper. Margin
19%
Profit Margin
-18%
Payout
-110%
Shs Outstand
40.15M
Shs Float
38.55M
-
-
-
-
Target Price
15
52W Range
3.455-8.7
52W High
-43.38%
52W Low
+51%
RSI
43.42
Rel Volume
0.78
Avg Volume
303.32K
Volume
235.24K
Perf Week
-3%
Perf Month
-19.25%
Perf Quarter
-12.72%
Perf Half Y
-12.04%
-
-
-
-
Beta
1.838
-
-
Volatility
0.2%, 0.49%
Prev Close
-1.09%
Price
4.53
Change
6.09%

CIO Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2023-12-31

Metric History 2019-12-312020-12-312021-12-312022-12-31 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
3.553.413.724.214.49
Net income per share
-0.6-0.4610.970.59-0.25
Operating cash flow per share
1.131.271.662.491.43
Free cash flow per share
1.041.11.472.271.43
Cash per share
1.610.540.480.660.75
Book value per share
12.468.8319.718.7319.34
Tangible book value per share
10.957.9118.1617.4436.8
Share holders equity per share
12.468.8319.718.7319.34
Interest debt per share
14.5914.918.5521.38-0.8
Market cap
594.84M461.37M870.54M359.22M243.92M
Enterprise value
1.13B1.11B1.5B1.22B213.84M
P/E ratio
-22.36-21.131.814.25-24.15
Price to sales ratio
3.812.875.311.991.36
POCF ratio
12.027.711.893.374.26
PFCF ratio
13.058.8513.393.74.26
P/B Ratio
1.091.1110.450.32
PTB ratio
1.091.1110.450.32
EV to sales
7.246.929.166.771.19
Enterprise value over EBITDA
13.0712.316.8512.52.27
EV to operating cash flow
22.8718.5820.5211.453.74
EV to free cash flow
24.8421.3623.1112.583.74
Earnings yield
-0.04-0.050.560.07-0.04
Free cash flow yield
0.080.110.070.270.23
Debt to equity
1.121.620.911.110
Debt to assets
0.50.590.50.570
Net debt to EBITDA
6.27.27.098.82-0.32
Current ratio
3.51.151.881.980
Interest coverage
1.011.191.431.37-0.98
Income quality
20.2711.680.156.28-28.12
Dividend Yield
0.080.090.040.120.13
Payout ratio
-1.81-1.890.071.64-3.1
Sales general and administrative to revenue
0.070.070.090.080.08
Research and developement to revenue
00000
Intangibles to total assets
0.050.040.040.040.03
Capex to operating cash flow
-0.08-0.13-0.11-0.090
Capex to revenue
-0.03-0.05-0.05-0.050
Capex to depreciation
-0.07-0.13-0.14-0.150
Stock based compensation to revenue
0.010.010.020.020.02
Graham number
13.029.5869.7415.7410.49
ROIC
-0.27-0.120.020.030.04
Return on tangible assets
-0.02-0.020.320.02-0.01
Graham Net
-13.29-13.06-14.5-15.341.76
Working capital
88.7M16.73M33.98M43.79M83.54M
Tangible asset value
481.6M373.73M801.67M747.74M1.47B
Net current asset value
-555.19M-614.44M-658.24M-682.57M83.54M
Invested capital
1.121.620.911.110
Average receivables
29.1M32.54M31.69M37.42M48.94M
Average payables
27.34M27.1M26.26M31.43M17.88M
Average inventory
-350K72.46M119.62M99.2M52.38M
Days sales outstanding
74.9974.8267.6889.85108.94
Days payables outstanding
183.32159.08170.53192.650
Days of inventory on hand
-4.46911.49589.15564.510
Receivables turnover
4.874.885.394.063.35
Payables turnover
1.992.292.141.890
Inventory turnover
-81.880.40.620.650
ROE
-0.05-0.050.560.03-0.01
Capex per share
-0.09-0.16-0.19-0.220

Quarterly Fundamentals Overview

Last date of statement is 2023-12-31 for Q4

Metric History 2022-12-312023-03-312023-06-302023-09-30 2023-12-31
2.02K2.02K2.02K2.02K2.02K
Revenue per share
1.121.151.121.111.11
Net income per share
-0.3-0.49-0.0200.25
Operating cash flow per share
0.240.350.340.520.23
Free cash flow per share
0.190.320.320.480.23
Cash per share
0.710.91.050.920.75
Book value per share
20.2119.8419.7419.6319.34
Tangible book value per share
18.8318.5318.518.4636.8
Share holders equity per share
20.2119.8419.7419.6319.34
Interest debt per share
22.6122.4817.1916.99-1
Market cap
332.85M275.12M222.45M169.74M243.92M
Enterprise value
1.2B947.75M862.48M803.81M213.84M
P/E ratio
-6.99-3.54-81.78-986.846.06
Price to sales ratio
7.465.994.993.845.5
POCF ratio
34.9419.8216.248.2526.94
PFCF ratio
43.4621.4217.378.9226.94
P/B Ratio
0.410.350.280.220.32
PTB ratio
0.410.350.280.220.32
EV to sales
26.7920.6219.3418.184.82
Enterprise value over EBITDA
49.5938.7336.8735.4-5.82
EV to operating cash flow
125.4968.2762.9639.0523.62
EV to free cash flow
156.0873.7867.3342.2223.62
Earnings yield
-0.04-0.07000.04
Free cash flow yield
0.020.050.060.110.04
Debt to equity
1.111.140.860.860
Debt to assets
0.570.570.440.440
Net debt to EBITDA
35.7827.4927.3627.930.82
Current ratio
1.982.170.420.420
Interest coverage
1.16-1.150.991.06-0.15
Income quality
-0.7719.72-26.55158.35-3.85
Dividend Yield
0.030.040.040.030.02
Payout ratio
-0.82-0.5-14.47-136.020.58
Sales general and administrative to revenue
0.070.080.080.080.09
Research and developement to revenue
00000
Intangibles to total assets
0.040.030.030.030.03
Capex to operating cash flow
-0.2-0.07-0.06-0.080
Capex to revenue
-0.04-0.02-0.02-0.030
Capex to depreciation
-0.12-0.07-0.06-0.110
Stock based compensation to revenue
0.020.020.020.020.02
Graham number
11.6714.752.750.6910.47
ROIC
00.090.090.1-0.01
Return on tangible assets
-0.01-0.01000.01
Graham Net
-16.55-17.89-16.82-16.841.76
Working capital
43.79M53.42M-142.67M-142.32M83.54M
Tangible asset value
747.74M738.83M739.01M737.16M1.47B
Net current asset value
-682.57M-685.36M-646.93M-644.42M83.54M
Invested capital
1.111.140.860.860
Average receivables
42.06M45.59M47.86M49.99M52.23M
Average payables
36.92M32.64M30.08M34.28M18.97M
Average inventory
50.98M52.38M-1.86M-1.86M0.5
Days sales outstanding
89.6391.5798.81103.84108.55
Days payables outstanding
189.25149.97159.82193.530
Days of inventory on hand
554.550-19.4400
Receivables turnover
10.980.910.870.83
Payables turnover
0.480.60.560.470
Inventory turnover
0.1617.72M-4.6317.64M0
ROE
-0.01-0.02000.01
Capex per share
-0.05-0.03-0.02-0.040

CIO Frequently Asked Questions

What is City Office REIT, Inc. stock symbol ?

City Office REIT, Inc. is a US stock , located in Dallas of Tx and trading under the symbol CIO

Is City Office REIT, Inc. buy or a sell ?