City Office REIT (NYSE:CIO) Issues Quarterly Earnings Results

City Office REIT (NYSE:CIO) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.28 EPS for the quarter, beating the consensus estimate of ($0.12) by $0.40, Zacks reports. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.

City Office REIT Stock Up 2.6 %

City Office REIT stock traded up $0.13 during mid-day trading on Thursday, hitting $5.22. The company had a trading volume of 76,961 shares, compared to its average volume of 149,497. The stock has a market cap of $209.58 million, a price-to-earnings ratio of -12.43, a PEG ratio of 0.85 and a beta of 1.98. City Office REIT has a 1 year low of $4.02 and a 1 year high of $6.50. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $5.28 and a 200 day moving average of $5.49.

City Office REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were paid a $0.10 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.40 annualized dividend and a yield of 7.66%. City Office REIT’s dividend payout ratio is currently -95.24%.

About City Office REIT

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.