City Office REIT Key Executives
This section highlights City Office REIT's key executives, including their titles and compensation details.
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City Office REIT Earnings
This section highlights City Office REIT's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | $-0.12 | $0.28 |
| Read Transcript | Q3 | 2024 | 2024-10-31 | $0.28 | $0.27 |
| Read Transcript | Q2 | 2024 | 2024-08-01 | $0.30 | $0.28 |
| Read Transcript | Q1 | 2024 | 2024-05-03 | $0.31 | $0.33 |
| Read Transcript | Q4 | 2023 | 2024-02-22 | $0.33 | $0.33 |
| Read Transcript | Q3 | 2023 | 2023-11-09 | $0.33 | $0.34 |
| Read Transcript | Q2 | 2023 | 2023-08-03 | $0.35 | $0.35 |
| Read Transcript | Q1 | 2023 | 2023-05-05 | $0.36 | $0.37 |
City 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).
$5.04
Stock Price
$203.41M
Market Cap
20
Employees
Dallas, TX
Location
Financial Statements
Access annual & quarterly financial statements for City Office REIT, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $171.13M | $179.10M | $180.49M | $164.04M | $160.84M |
| Cost of Revenue | $69.46M | $70.00M | $67.74M | $58.01M | $58.31M |
| Gross Profit | $101.67M | $109.10M | $112.75M | $106.04M | $102.53M |
| Gross Profit Ratio | 59.41% | 60.92% | 62.47% | 64.64% | 63.75% |
| Research and Development Expenses | $- | $- | $0 | $3 | $0 |
| General and Administrative Expenses | $15.20M | $14.84M | $13.78M | $15.49M | $10.69M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $15.20M | $14.84M | $13.78M | $15.49M | $10.69M |
| Other Expenses | $67.78M | $62.99M | $62.49M | $57.32M | $60.37M |
| Operating Expenses | $82.98M | $77.83M | $76.28M | $72.81M | $71.06M |
| Cost and Expenses | $152.44M | $147.82M | $144.02M | $130.81M | $129.37M |
| Interest Income | $-1.38M | $-1.30M | $27.00M | $24.60M | $27.69M |
| Interest Expense | $32.96M | $31.88M | $25.78M | $23.27M | $26.36M |
| Depreciation and Amortization | $59.32M | $62.99M | $144.02M | $130.81M | $129.37M |
| EBITDA | $75.16M | $94.26M | $97.75M | $90.55M | $91.84M |
| EBITDA Ratio | 43.92% | 52.63% | 54.16% | 55.20% | 57.10% |
| Operating Income | $18.68M | $31.27M | $35.25M | $33.23M | $31.47M |
| Operating Income Ratio | 10.92% | 17.46% | 19.53% | 20.26% | 19.57% |
| Total Other Income Expenses Net | $-43.78M | $-33.31M | $-5.34M | $452.05M | $-26.34M |
| Income Before Tax | $-25.10M | $-2.04M | $17.68M | $485.28M | $5.13M |
| Income Before Tax Ratio | -14.67% | -1.14% | 9.80% | 295.83% | 3.19% |
| Income Tax Expense | $- | $- | $-7.52M | $24.15M | $26.96M |
| Net Income | $-25.10M | $-2.68M | $25.20M | $484.39M | $-21.84M |
| Net Income Ratio | -14.67% | -1.50% | 13.96% | 295.29% | -13.58% |
| EPS | $-0.63 | $-0.25 | $0.60 | $10.97 | $-0.46 |
| EPS Diluted | $-0.63 | $-0.25 | $0.59 | $10.80 | $-0.46 |
| Weighted Average Shares Outstanding | 40.14M | 39.92M | 42.05M | 43.50M | 47.22M |
| Weighted Average Shares Outstanding Diluted | 40.14M | 39.92M | 42.87M | 44.15M | 47.22M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.92M | $42.37M | $42.34M | $44.49M | $44.32M | $44.21M | $44.60M | $45.96M | $44.61M | $45.52M | $45.50M | $44.85M | $39.67M | $44.89M | $39.96M | $39.52M | $39.84M | $41.26M | $39.62M | $40.12M |
| Cost of Revenue | $16.44M | $17.78M | $32.22M | $32.82M | $17.39M | $17.64M | $17.25M | $17.72M | $17.00M | $17.41M | $16.84M | $16.49M | $14.53M | $15.18M | $14.18M | $14.12M | $14.65M | $14.89M | $14.08M | $14.69M |
| Gross Profit | $25.48M | $24.59M | $10.13M | $11.67M | $26.93M | $26.57M | $27.36M | $28.24M | $27.61M | $28.11M | $28.66M | $28.36M | $25.14M | $29.71M | $25.79M | $25.40M | $25.19M | $26.38M | $25.53M | $25.43M |
| Gross Profit Ratio | 60.78% | 58.03% | 23.92% | 26.24% | 60.77% | 60.09% | 61.34% | 61.44% | 61.89% | 61.75% | 63.00% | 63.24% | 63.38% | 66.18% | 64.52% | 64.27% | 63.24% | 63.92% | 64.45% | 63.38% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $3.88M | $3.79M | $3.82M | $3.71M | $3.88M | $3.53M | $3.67M | $3.77M | $3.21M | $3.51M | $3.61M | $3.46M | $1.72M | $7.90M | $3.07M | $2.80M | $2.67M | $2.55M | $2.70M | $2.78M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $3.88M | $3.79M | $3.82M | $3.71M | $3.88M | $3.53M | $3.67M | $3.77M | $3.21M | $3.51M | $3.61M | $3.46M | $1.72M | $7.90M | $3.07M | $2.80M | $2.67M | $2.55M | $2.70M | $2.78M |
| Other Expenses | $23.34M | $14.64M | $13.67M | $-3.71M | $10.71M | $14.11M | $13.58M | $13.96M | $15.42M | $15.55M | $13.22M | $15.81M | $13.30M | $14.65M | $14.95M | $14.41M | $15.14M | $15.19M | $15.08M | $14.95M |
| Operating Expenses | $27.22M | $18.43M | $18.54M | $3.71M | $21.07M | $18.25M | $19.44M | $17.72M | $18.63M | $19.06M | $19.32M | $19.27M | $15.02M | $22.55M | $18.02M | $17.22M | $17.81M | $17.73M | $17.78M | $17.74M |
| Cost and Expenses | $43.66M | $36.22M | $36.03M | $36.53M | $38.46M | $35.90M | $36.68M | $17.72M | $35.63M | $36.47M | $36.15M | $35.76M | $29.55M | $37.73M | $32.20M | $31.33M | $32.46M | $32.62M | $31.86M | $32.43M |
| Interest Income | $-354.00K | $-369.00K | $8.47M | $8.42M | $8.39M | $8.19M | $8.30M | $8.29M | $7.77M | $6.88M | $6.28M | $6.06M | $6.20M | $5.92M | $5.91M | $6.57M | $6.92M | $6.95M | $7.13M | $6.69M |
| Interest Expense | $8.46M | $8.27M | $- | $- | $- | $7.85M | $7.98M | $7.97M | $7.47M | $6.58M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $14.88M | $14.64M | $14.72M | $15.07M | $17.19M | $14.72M | $15.77M | $15.30M | $15.42M | $15.55M | $15.70M | $15.81M | $13.30M | $14.65M | $14.95M | $14.41M | $15.14M | $15.12M | $15.08M | $14.95M |
| EBITDA | $12.78M | $20.80M | $21.03M | $23.04M | $23.06M | $23.04M | $23.69M | $24.47M | $10.66M | $24.60M | $25.05M | $24.91M | $451.80M | $21.81M | $22.72M | $22.60M | $22.53M | $23.83M | $22.84M | $22.64M |
| EBITDA Ratio | 30.49% | 49.09% | 49.67% | 51.78% | 52.02% | 52.11% | 53.11% | 53.25% | 23.89% | 54.05% | 55.05% | 55.53% | 1138.85% | 48.58% | 56.84% | 57.18% | 56.55% | 57.75% | 57.64% | 56.44% |
| Operating Income | $-1.75M | $6.16M | $6.31M | $7.96M | $5.86M | $8.32M | $7.92M | $9.17M | $8.68M | $9.05M | $9.35M | $9.09M | $438.79M | $7.16M | $7.76M | $8.18M | $7.38M | $8.64M | $7.76M | $7.69M |
| Operating Income Ratio | -4.16% | 14.53% | 14.90% | 17.90% | 13.23% | 18.81% | 17.76% | 19.95% | 19.45% | 19.88% | 20.54% | 20.27% | 1106.03% | 15.95% | 19.42% | 20.71% | 18.53% | 20.94% | 19.58% | 19.17% |
| Total Other Income Expenses Net | $-10.81M | $-8.64M | $-9.93M | $-8.42M | $-8.39M | $-8.19M | $-8.44M | $-8.29M | $-20.92M | $-6.88M | $-6.28M | $15.60M | $419.55M | $-5.92M | $-5.91M | $40.83M | $-6.92M | $-5.60M | $-7.13M | $-6.69M |
| Income Before Tax | $-12.55M | $-2.49M | $-3.63M | $-454.00K | $-2.52M | $130.00K | $-516.00K | $-1.15M | $-12.24M | $2.16M | $3.06M | $24.69M | $433.18M | $1.24M | $1.85M | $49.01M | $461.00K | $3.04M | $623.00K | $1.01M |
| Income Before Tax Ratio | -29.95% | -5.87% | -8.57% | -1.02% | -5.69% | 0.29% | -1.16% | -2.50% | -27.43% | 4.75% | 6.73% | 55.05% | 1091.89% | 2.77% | 4.63% | 124.02% | 1.16% | 7.37% | 1.57% | 2.51% |
| Income Tax Expense | $- | $- | $125.00K | $135.00K | $-24.28M | $-2.15M | $8.14M | $18.29M | $-335.00K | $175.00K | $1.72M | $-21.49M | $5.74M | $-267.00K | $-272.00K | $47.07M | $-514.00K | $1.02M | $-341.00K | $-324.00K |
| Net Income | $-12.55M | $-2.64M | $-3.75M | $-589.00K | $-2.66M | $-43.00K | $-680.00K | $-19.44M | $-11.90M | $1.99M | $1.04M | $46.18M | $431.19M | $866.00K | $1.66M | $46.96M | $373.00K | $2.89M | $444.00K | $824.00K |
| Net Income Ratio | -29.95% | -6.23% | -8.86% | -1.32% | -6.01% | -0.10% | -1.52% | -42.30% | -26.68% | 4.37% | 2.29% | 102.96% | 1086.90% | 1.93% | 4.16% | 118.84% | 0.94% | 6.99% | 1.12% | 2.05% |
| EPS | $-0.31 | $-0.11 | $-0.09 | $-0.01 | $-0.07 | $0.00 | $-0.02 | $-0.49 | $-0.30 | $0.05 | $0.02 | $1.06 | $9.81 | $0.02 | $0.04 | $1.08 | $0.01 | $0.07 | $0.01 | $0.02 |
| EPS Diluted | $-0.31 | $-0.11 | $-0.09 | $-0.01 | $-0.07 | $0.00 | $-0.02 | $-0.49 | $-0.30 | $0.05 | $0.02 | $1.04 | $9.68 | $0.02 | $0.04 | $1.07 | $0.01 | $0.07 | $0.01 | $0.02 |
| Weighted Average Shares Outstanding | 40.15M | 40.15M | 40.15M | 40.10M | 39.94M | 39.94M | 39.94M | 39.87M | 39.72M | 41.35M | 43.63M | 43.55M | 43.55M | 43.55M | 43.48M | 43.40M | 43.37M | 43.59M | 47.03M | 54.46M |
| Weighted Average Shares Outstanding Diluted | 40.15M | 40.15M | 40.15M | 40.10M | 39.94M | 39.94M | 39.94M | 39.87M | 39.72M | 42.12M | 44.48M | 44.41M | 44.16M | 43.55M | 43.48M | 44.04M | 43.59M | 44.01M | 47.54M | 54.46M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.89M | $30.08M | $28.19M | $21.32M | $25.30M |
| Short Term Investments | $- | $1.80M | $- | $- | $- |
| Cash and Short Term Investments | $18.89M | $30.08M | $28.19M | $21.32M | $25.30M |
| Net Receivables | $52.31M | $53.45M | $44.43M | $30.41M | $32.97M |
| Inventory | $- | $- | $104.77M | $93.63M | $145.62M |
| Other Current Assets | $27.66M | $13.31M | $16.07M | $20.95M | $66.70M |
| Total Current Assets | $98.86M | $96.85M | $88.69M | $72.68M | $124.97M |
| Property Plant Equipment Net | $- | $12.56M | $12.94M | $14.11M | $12.74M |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $34.63M | $42.43M | $55.44M | $68.92M | $44.14M |
| Goodwill and Intangible Assets | $34.63M | $42.43M | $55.44M | $68.92M | $44.14M |
| Long Term Investments | $- | $1.60M | $2.70M | $-1.60B | $-1.16B |
| Tax Assets | $- | $- | $-15.63M | $1.60B | $1.16B |
| Other Non-Current Assets | $- | $1.36B | $1.43B | $1.45B | $975.44M |
| Total Non-Current Assets | $34.63M | $1.41B | $1.49B | $1.53B | $1.03B |
| Other Assets | $1.32B | $- | $- | $- | $- |
| Total Assets | $1.46B | $1.51B | $1.57B | $1.60B | $1.16B |
| Account Payables | $- | $29.07M | $35.75M | $27.10M | $25.41M |
| Short Term Debt | $255.00M | $108.33M | $200.50M | $- | $75.00M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $14.27M | $- | $9.15M | $11.60M | $7.29M |
| Other Current Liabilities | $36.71M | $- | $-200.50M | $142.00M | $531.00K |
| Total Current Liabilities | $305.98M | $137.40M | $44.90M | $38.70M | $108.24M |
| Long Term Debt | $391.97M | $561.84M | $690.10M | $676.46M | $608.28M |
| Deferred Revenue Non-Current | $- | $- | $7.04M | $6.17M | $12.10M |
| Deferred Tax Liabilities Non-Current | $- | $- | $20.88M | $-6.17M | $-12.10M |
| Other Non-Current Liabilities | $23.18M | $39.51M | $36.27M | $27.36M | $97.90M |
| Total Non-Current Liabilities | $415.15M | $601.34M | $726.37M | $692.22M | $631.18M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $721.13M | $738.74M | $771.26M | $730.92M | $739.42M |
| Preferred Stock | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M |
| Common Stock | $401.00K | $399.00K | $397.00K | $435.00K | $433.00K |
| Retained Earnings | $179.84M | $221.21M | $251.54M | $275.50M | $-172.96M |
| Accumulated Other Comprehensive Income Loss | $-713.00K | $-248.00K | $2.73M | $-382.00K | $-1.96M |
| Other Total Stockholders Equity | $442.33M | $438.87M | $436.16M | $482.06M | $479.41M |
| Total Stockholders Equity | $733.86M | $772.23M | $802.83M | $869.62M | $416.93M |
| Total Equity | $734.54M | $772.63M | $803.17M | $870.60M | $417.88M |
| Total Liabilities and Stockholders Equity | $1.46B | $1.51B | $1.57B | $1.60B | $1.16B |
| Minority Interest | $685.00K | $402.00K | $343.00K | $979.00K | $949.00K |
| Total Liabilities and Total Equity | $1.46B | $1.51B | $1.57B | $1.60B | $1.16B |
| Total Investments | $- | $3.40M | $2.70M | $-1.60B | $-1.16B |
| Total Debt | $646.97M | $669.51M | $890.60M | $653.65M | $677.24M |
| Net Debt | $628.09M | $639.43M | $862.41M | $632.33M | $651.94M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $18.89M | $25.91M | $43.34M | $43.36M | $30.08M | $36.74M | $38.35M | $35.85M | $28.19M | $22.01M | $26.35M | $26.74M | $21.32M | $17.70M | $13.39M | $14.89M | $25.30M | $38.40M | $67.04M | $146.51M |
| Short Term Investments | $- | $- | $366.00K | $2.00M | $- | $- | $3.73M | $- | $- | $2.80M | $1.90M | $1.40M | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $18.89M | $25.91M | $43.34M | $43.36M | $30.08M | $36.74M | $38.35M | $35.85M | $28.19M | $22.01M | $26.35M | $26.74M | $21.32M | $17.70M | $13.39M | $14.89M | $25.30M | $38.40M | $67.04M | $146.51M |
| Net Receivables | $52.31M | $52.91M | $52.12M | $53.11M | $53.45M | $51.01M | $48.97M | $46.76M | $44.43M | $39.70M | $37.50M | $35.47M | $30.41M | $29.22M | $32.45M | $32.20M | $32.97M | $34.76M | $33.15M | $32.88M |
| Inventory | $- | $- | $-366.00K | $-2.00M | $110.16M | $1 | $-3.73M | $1 | $104.77M | $-2.80M | $-1.90M | $-1.40M | $- | $- | $- | $1 | $- | $- | $- | $- |
| Other Current Assets | $27.66M | $17.12M | $- | $- | $13.31M | $15.55M | $14.31M | $16.38M | $16.07M | $19.67M | $43.04M | $20.90M | $20.95M | $170.87M | $22.93M | $18.30M | $66.70M | $17.96M | $20.65M | $22.87M |
| Total Current Assets | $98.86M | $95.94M | $95.46M | $96.48M | $96.85M | $103.30M | $101.63M | $99.00M | $88.69M | $81.38M | $106.90M | $83.11M | $72.68M | $217.78M | $68.77M | $65.38M | $124.97M | $91.12M | $120.83M | $202.25M |
| Property Plant Equipment Net | $- | $- | $10.24M | $12.48M | $12.56M | $12.64M | $12.72M | $12.82M | $12.94M | $13.73M | $1.42B | $13.98M | $14.11M | $14.24M | $14.36M | $12.63M | $968.38M | $1.01B | $1.02B | $1.02B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $34.63M | $36.52M | $38.45M | $40.46M | $42.43M | $47.29M | $49.88M | $52.69M | $55.44M | $58.58M | $61.76M | $65.28M | $68.92M | $30.18M | $37.36M | $39.64M | $44.14M | $51.55M | $56.79M | $62.10M |
| Goodwill and Intangible Assets | $34.63M | $36.52M | $38.45M | $40.46M | $42.43M | $47.29M | $49.88M | $52.69M | $55.44M | $58.58M | $61.76M | $65.28M | $68.92M | $30.18M | $37.36M | $39.64M | $44.14M | $51.55M | $56.79M | $62.10M |
| Long Term Investments | $- | $- | $1.28M | $2.00M | $3.40M | $4.15M | $3.73M | $2.24M | $2.70M | $2.80M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $1.34B | $-65.66M | $-15.96M | $-16.80M | $-16.45M | $-15.07M | $-15.63M | $-16.53M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $- | $-7.41M | $1.42B | $1.37B | $1.38B | $1.39B | $1.42B | $1.43B | $1.44B | $27.70M | $1.47B | $1.45B | $890.18M | $1.01B | $970.49M | $19.79M | $18.23M | $17.89M | $17.20M |
| Total Non-Current Assets | $34.63M | $36.52M | $1.39B | $1.41B | $1.41B | $1.43B | $1.44B | $1.48B | $1.49B | $1.50B | $1.50B | $1.55B | $1.53B | $934.60M | $1.06B | $1.02B | $1.03B | $1.08B | $1.09B | $1.10B |
| Other Assets | $1.32B | $1.34B | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.46B | $1.48B | $1.48B | $1.51B | $1.51B | $1.53B | $1.54B | $1.58B | $1.57B | $1.58B | $1.61B | $1.63B | $1.60B | $1.15B | $1.13B | $1.09B | $1.16B | $1.17B | $1.21B | $1.30B |
| Account Payables | $- | $- | $34.15M | $229.91M | $29.07M | $37.94M | $30.62M | $29.53M | $35.75M | $38.09M | $33.14M | $33.42M | $27.10M | $32.10M | $21.67M | $20.85M | $25.41M | $32.63M | $28.20M | $27.35M |
| Short Term Debt | $255.00M | $1.36M | $52.79M | $106.15M | $107.67M | $1.61M | $43.84M | $- | $200.50M | $- | $162.00M | $152.00M | $- | $88.00M | $96.00M | $55.00M | $75.00M | $75.00M | $100.00M | $100.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $14.27M | $14.41M | $14.46M | $15.89M | $7.67M | $7.68M | $7.96M | $16.05M | $9.15M | $8.92M | $10.09M | $11.16M | $11.60M | $10.46M | $10.21M | $7.25M | $7.29M | $6.10M | $7.03M | $5.30M |
| Other Current Liabilities | $36.71M | $293.23M | $-14.19M | $-215.43M | $-7.01M | $-7.61M | $-7.69M | $188.54M | $-200.50M | $192.01M | $-171.78M | $-162.64M | $142.00M | $-95.49M | $-105.89M | $-61.84M | $531.00K | $-81.05M | $-106.79M | $-104.83M |
| Total Current Liabilities | $305.98M | $309.01M | $253.61M | $245.80M | $236.74M | $245.62M | $244.29M | $45.57M | $44.90M | $47.01M | $205.22M | $196.59M | $38.70M | $133.43M | $127.88M | $83.09M | $108.24M | $113.74M | $135.26M | $132.74M |
| Long Term Debt | $391.97M | $656.70M | $615.09M | $581.11M | $581.21M | $688.95M | $654.66M | $733.06M | $690.10M | $676.12M | $492.37M | $510.46M | $676.46M | $519.20M | $521.86M | $523.42M | $608.28M | $610.02M | $611.81M | $613.63M |
| Deferred Revenue Non-Current | $- | $- | $7.07M | $8.04M | $7.67M | $7.68M | $7.96M | $7.18M | $7.04M | $8.92M | $10.09M | $11.16M | $11.60M | $16.00M | $16.13M | $11.90M | $12.10M | $11.52M | $12.39M | $10.96M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-17.45M | $10.05M | $-7.67M | $-7.68M | $-7.96M | $- | $- | $-8.92M | $-10.09M | $-11.16M | $-11.60M | $-16.00M | $-16.13M | $-11.90M | $-12.10M | $-11.52M | $-12.39M | $-10.96M |
| Other Non-Current Liabilities | $23.18M | $31.34M | $19.10M | $20.24M | $-79.21M | $-186.86M | $-150.39M | $21.31M | $36.27M | $36.81M | $209.58M | $200.65M | $27.36M | $141.11M | $120.67M | $76.62M | $97.90M | $98.89M | $123.98M | $124.99M |
| Total Non-Current Liabilities | $415.15M | $688.04M | $467.79M | $492.07M | $502.00M | $502.09M | $504.27M | $738.78M | $726.37M | $712.93M | $530.16M | $548.47M | $692.22M | $572.41M | $546.85M | $545.44M | $631.18M | $633.96M | $636.00M | $639.01M |
| Other Liabilities | $- | $-269.33M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $721.13M | $727.72M | $721.40M | $737.87M | $738.74M | $747.72M | $748.56M | $784.36M | $771.26M | $759.94M | $735.38M | $745.06M | $730.92M | $705.84M | $674.73M | $628.54M | $739.42M | $747.69M | $771.26M | $771.75M |
| Preferred Stock | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M | $112.00M |
| Common Stock | $401.00K | $401.00K | $401.00K | $401.00K | $399.00K | $399.00K | $399.00K | $399.00K | $397.00K | $397.00K | $433.00K | $435.00K | $435.00K | $435.00K | $435.00K | $433.00K | $433.00K | $433.00K | $445.00K | $531.00K |
| Retained Earnings | $179.84M | $196.47M | $205.03M | $214.71M | $221.21M | $229.77M | $235.71M | $242.32M | $251.54M | $273.84M | $281.74M | $289.39M | $275.50M | $-146.93M | $-139.36M | $-132.56M | $-172.96M | $-164.92M | $-159.39M | $-151.26M |
| Accumulated Other Comprehensive Income Loss | $-713.00K | $-3.00M | $1.04M | $1.51M | $-248.00K | $4.15M | $3.73M | $789.00K | $2.73M | $2.82M | $1.89M | $1.37M | $-382.00K | $-1.06M | $-1.19M | $-1.29M | $-1.96M | $-2.19M | $-2.32M | $-2.03M |
| Other Total Stockholders Equity | $442.33M | $441.19M | $440.05M | $438.91M | $438.87M | $437.80M | $436.73M | $435.63M | $436.16M | $435.09M | $479.06M | $483.03M | $482.06M | $481.35M | $480.63M | $480.11M | $479.41M | $478.77M | $488.82M | $566.12M |
| Total Stockholders Equity | $733.86M | $747.06M | $758.52M | $767.53M | $772.23M | $784.12M | $788.56M | $791.13M | $802.83M | $824.14M | $875.11M | $886.23M | $869.62M | $445.79M | $452.51M | $458.69M | $416.93M | $424.10M | $439.55M | $525.36M |
| Total Equity | $734.54M | $747.57M | $759.10M | $767.65M | $772.63M | $784.45M | $788.89M | $791.52M | $803.17M | $824.34M | $875.99M | $887.13M | $870.60M | $446.55M | $453.42M | $459.61M | $417.88M | $425.12M | $440.65M | $526.47M |
| Total Liabilities and Stockholders Equity | $1.46B | $1.48B | $1.48B | $1.51B | $1.51B | $1.53B | $1.54B | $1.58B | $1.57B | $1.58B | $1.61B | $1.63B | $1.60B | $1.15B | $1.13B | $1.09B | $1.16B | $1.17B | $1.21B | $1.30B |
| Minority Interest | $685.00K | $511.00K | $579.00K | $119.00K | $402.00K | $332.00K | $325.00K | $387.00K | $343.00K | $191.00K | $883.00K | $899.00K | $979.00K | $761.00K | $909.00K | $921.00K | $949.00K | $1.02M | $1.10M | $1.11M |
| Total Liabilities and Total Equity | $1.46B | $1.48B | $1.48B | $1.51B | $1.51B | $1.53B | $1.54B | $1.58B | $1.57B | $1.58B | $1.61B | $1.63B | $1.60B | $1.15B | $1.13B | $1.09B | $1.16B | $1.17B | $1.21B | $1.30B |
| Total Investments | $- | $- | $1.64M | $2.00M | $3.40M | $4.15M | $3.73M | $2.24M | $2.70M | $2.80M | $1.90M | $1.40M | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $646.97M | $648.17M | $666.30M | $685.70M | $669.51M | $670.81M | $678.38M | $708.48M | $890.60M | $861.12M | $654.37M | $662.46M | $653.65M | $603.33M | $612.51M | $572.78M | $677.24M | $678.53M | $704.80M | $706.03M |
| Net Debt | $628.09M | $622.26M | $622.95M | $642.34M | $639.43M | $634.08M | $640.03M | $672.63M | $862.41M | $839.10M | $628.01M | $635.72M | $632.33M | $585.64M | $599.12M | $557.89M | $651.94M | $640.13M | $637.76M | $559.52M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $-17.12M | $-2.04M | $16.99M | $485.28M | $5.13M |
| Depreciation and Amortization | $59.32M | $62.99M | $62.57M | $57.32M | $60.37M |
| Deferred Income Tax | $- | $- | $- | $-476.65M | $-1.35M |
| Stock Based Compensation | $4.32M | $4.09M | $3.88M | $2.64M | $2.33M |
| Change in Working Capital | $1.67M | $-2.62M | $-6.03M | $3.52M | $-4.48M |
| Accounts Receivables | $49.00K | $- | $-6.03M | $-654.00K | $-182.00K |
| Inventory | $- | $- | $- | $-451.00K | $4.19M |
| Accounts Payables | $1.05M | $- | $2.83M | $451.00K | $-4.19M |
| Other Working Capital | $568.00K | $-2.62M | $-2.83M | $4.18M | $-4.30M |
| Other Non Cash Items | $10.68M | $-5.21M | $29.27M | $1.11M | $-2.08M |
| Net Cash Provided by Operating Activities | $58.86M | $57.22M | $106.68M | $73.22M | $59.92M |
| Investments in Property Plant and Equipment | $- | $- | $-9.56M | $-8.19M | $-7.79M |
| Acquisitions Net | $- | $- | $170.00K | $286.00K | $52.00K |
| Purchases of Investments | $- | $- | $-37.48M | $-650.19M | $-26.35M |
| Sales Maturities of Investments | $- | $- | $46.88M | $641.00M | $6.34M |
| Other Investing Activities | $-40.29M | $-41.34M | $-47.05M | $-286.00K | $-52.00K |
| Net Cash Used for Investing Activities | $-40.29M | $-41.34M | $-47.05M | $-17.38M | $-27.80M |
| Debt Repayment | $-2.56M | $17.52M | $35.23M | $-24.95M | $68.67M |
| Common Stock Issued | $- | $- | $- | $216.00K | $- |
| Common Stock Repurchased | $- | $-1.64M | $-50.08M | $-216.00K | $-100.36M |
| Dividends Paid | $-23.46M | $-31.34M | $-41.37M | $-33.51M | $-41.18M |
| Other Financing Activities | $-1.99M | $-2.93M | $-1.41M | $-1.07M | $-819.00K |
| Net Cash Used Provided by Financing Activities | $-28.01M | $-16.75M | $-57.63M | $-59.53M | $-73.69M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.43M | $-870.00K | $2.00M | $-3.69M | $-41.57M |
| Cash at End of Period | $33.96M | $43.39M | $44.26M | $42.27M | $45.95M |
| Cash at Beginning of Period | $43.39M | $44.26M | $42.27M | $45.95M | $87.52M |
| Operating Cash Flow | $58.86M | $57.22M | $106.68M | $73.22M | $59.92M |
| Capital Expenditure | $- | $- | $-9.56M | $-8.19M | $-7.79M |
| Free Cash Flow | $58.86M | $57.22M | $97.11M | $65.03M | $52.13M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-10.56M | $-2.23M | $-3.75M | $-589.00K | $-2.52M | $130.00K | $-516.00K | $704.00K | $-12.42M | $1.99M | $3.06M | $24.52M | $433.05M | $866.00K | $1.66M | $48.82M | $373.00K | $2.89M | $444.00K | $824.00K |
| Depreciation and Amortization | $14.88M | $14.64M | $14.72M | $15.07M | $17.19M | $14.69M | $15.79M | $15.31M | $15.43M | $15.55M | $15.72M | $15.88M | $13.36M | $14.63M | $15.15M | $14.52M | $15.20M | $15.17M | $15.02M | $14.97M |
| Deferred Income Tax | $- | $- | $- | $- | $-134.00K | $- | $134.00K | $- | $- | $- | $- | $- | $- | $-13.56M | $-286.00K | $-1.66M | $-640.00K | $-359.00K | $-644.00K | $-531.00K |
| Stock Based Compensation | $1.08M | $1.08M | $1.08M | $1.07M | $1.02M | $1.02M | $1.02M | $1.02M | $992.00K | $992.00K | $991.00K | $904.00K | $665.00K | $665.00K | $665.00K | $645.00K | $587.00K | $600.00K | $600.00K | $569.00K |
| Change in Working Capital | $-4.85M | $4.78M | $883.00K | $857.00K | $-6.66M | $5.95M | $-1.06M | $539.00K | $-2.14M | $214.00K | $-1.01M | $-3.84M | $-1.29M | $12.90M | $-379.00K | $1.01M | $53.00K | $-241.00K | $44.00K | $-38.00K |
| Accounts Receivables | $- | $-1.13M | $263.00K | $865.00K | $-1.07M | $-362.00K | $-5.00K | $539.00K | $-2.14M | $214.00K | $-265.00K | $-3.84M | $-1.29M | $- | $-379.00K | $1.01M | $53.00K | $-241.00K | $44.00K | $-38.00K |
| Inventory | $- | $- | $- | $- | $-281.00K | $-5.85M | $-824.00K | $- | $- | $-5.30M | $- | $401.00K | $-636.00K | $- | $- | $1.85M | $3.00M | $- | $- | $5.58M |
| Accounts Payables | $- | $5.09M | $2.42M | $-1.54M | $1.25M | $5.85M | $824.00K | $-965.00K | $-7.74M | $5.71M | $1.23M | $35.00K | $451.00K | $11.31M | $-950.00K | $-1.81M | $-4.19M | $- | $- | $-4.28M |
| Other Working Capital | $-4.85M | $817.00K | $-1.80M | $1.53M | $-6.55M | $6.31M | $-1.06M | $965.00K | $7.74M | $-404.00K | $-1.07M | $-436.00K | $185.00K | $12.90M | $3.40M | $-47.00K | $1.19M | $-926.00K | $1.73M | $-1.29M |
| Other Non Cash Items | $8.32M | $4.00K | $30.23M | $31.86M | $150.00K | $-1.21M | $-1.67M | $-3.70M | $7.66M | $3.44M | $41.55M | $-22.80M | $-438.30M | $14.55M | $3.35M | $-47.81M | $-3.28M | $-1.76M | $5.13M | $-5.05M |
| Net Cash Provided by Operating Activities | $8.88M | $18.28M | $15.32M | $16.39M | $9.05M | $20.59M | $13.70M | $13.88M | $9.53M | $22.18M | $60.31M | $14.66M | $7.49M | $30.05M | $20.16M | $15.52M | $12.29M | $16.30M | $20.60M | $10.74M |
| Investments in Property Plant and Equipment | $- | $- | $-3.14M | $-1.50M | $-1.33M | $-1.55M | $-890.00K | $-1.04M | $-1.87M | $-2.91M | $-3.36M | $-1.42M | $-1.36M | $-3.70M | $-1.20M | $-1.93M | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $442.00K | $- | $121.00K | $- | $- | $110.00K | $140.00K | $27.00K | $- | $3.00K | $274.00K | $10.00K | $2.00K | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $-8.06M | $-5.99M | $-9.15M | $-5.51M | $-10.49M | $-11.38M | $-8.95M | $-12.07M | $-9.99M | $-6.48M | $-594.50M | $-2.93M | $-46.51M | $-6.25M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $10.36M | $- | $- | $12.31M | $10.68M | $14.96M | $-1.00M | $1.00M | $518.89M | $28.80M | $- | $93.30M | $- | $- | $- | $- |
| Other Investing Activities | $-10.53M | $-11.06M | $-3.14M | $-1.50M | $-10.48M | $-1.55M | $-890.00K | $-12.42M | $-10.82M | $-14.98M | $-3.36M | $-6.90M | $-76.97M | $22.17M | $-47.70M | $85.12M | $-12.56M | $2.95M | $-12.86M | $-5.33M |
| Net Cash Used for Investing Activities | $-10.53M | $-11.06M | $-10.76M | $-7.49M | $-10.48M | $-7.06M | $-11.38M | $-12.42M | $-10.82M | $-14.98M | $-14.35M | $-6.90M | $-76.97M | $22.17M | $-47.70M | $85.12M | $-12.56M | $2.95M | $-12.86M | $-5.33M |
| Debt Repayment | $-1.49M | $-1.43M | $1.88M | $-1.55M | $-1.59M | $-7.38M | $8.17M | $18.32M | $13.70M | $21.47M | $-8.38M | $8.44M | $52.36M | $-9.44M | $39.46M | $-104.83M | $-1.62M | $-26.59M | $-1.57M | $98.46M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $13.75M | $- | $1.62M | $- | $- | $- |
| Common Stock Repurchased | $- | $1.07M | $- | $-1.07M | $1.64M | $- | $- | $-1.64M | $- | $-45.08M | $-5.00M | $- | $- | $- | $-216.00K | $- | $1.00K | $-10.69M | $-78.05M | $-11.62M |
| Dividends Paid | $-5.87M | $-5.87M | $-5.87M | $-5.85M | $-5.85M | $-5.85M | $-9.84M | $-9.80M | $-9.80M | $-10.44M | $-10.57M | $-10.57M | $-8.39M | $-8.39M | $-8.36M | $-8.37M | $-8.36M | $-8.50M | $-9.63M | $-14.68M |
| Other Financing Activities | $-65.00K | $-227.00K | $-594.00K | $-1.52M | $-34.00K | $-668.00K | $-226.00K | $-2.00M | $-29.00K | $-867.00K | $-267.00K | $-251.00K | $-2.41M | $-526.00K | $-418.00K | $-220.00K | $-156.00K | $-240.00K | $-177.00K | $-246.00K |
| Net Cash Used Provided by Financing Activities | $-7.42M | $-7.53M | $-4.58M | $-8.92M | $-7.48M | $-13.89M | $-1.90M | $6.51M | $3.88M | $-34.91M | $-24.21M | $-2.38M | $41.56M | $-18.36M | $30.68M | $-113.41M | $-10.14M | $-46.03M | $-89.43M | $71.91M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-18.08M | $18.08M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-9.07M | $-313.00K | $-22.00K | $-28.00K | $-8.90M | $-366.00K | $418.00K | $7.98M | $2.58M | $-27.71M | $21.75M | $5.38M | $-27.91M | $33.86M | $3.14M | $-12.77M | $-10.41M | $-26.78M | $-81.69M | $77.31M |
| Cash at End of Period | $33.96M | $43.03M | $43.34M | $43.36M | $43.39M | $52.29M | $52.66M | $52.24M | $44.26M | $41.68M | $69.40M | $47.65M | $42.27M | $70.18M | $36.32M | $33.19M | $45.95M | $56.36M | $83.14M | $164.84M |
| Cash at Beginning of Period | $43.03M | $43.34M | $43.36M | $43.39M | $52.29M | $52.66M | $52.24M | $44.26M | $41.68M | $69.40M | $47.65M | $42.27M | $70.18M | $36.32M | $33.19M | $45.95M | $56.36M | $83.14M | $164.84M | $87.52M |
| Operating Cash Flow | $8.88M | $18.28M | $15.32M | $16.39M | $9.05M | $20.59M | $13.70M | $13.88M | $9.53M | $22.18M | $60.31M | $14.66M | $7.49M | $30.05M | $20.16M | $15.52M | $12.29M | $16.30M | $20.60M | $10.74M |
| Capital Expenditure | $- | $- | $-3.14M | $-1.50M | $-1.33M | $-1.55M | $-890.00K | $-1.04M | $-1.87M | $-2.91M | $-3.36M | $-1.42M | $-1.36M | $-3.70M | $-1.20M | $-1.93M | $- | $- | $- | $- |
| Free Cash Flow | $8.88M | $18.28M | $12.17M | $14.88M | $7.73M | $19.04M | $12.81M | $12.85M | $7.66M | $19.27M | $56.95M | $13.24M | $6.13M | $26.35M | $18.96M | $13.59M | $12.29M | $16.30M | $20.60M | $10.74M |
City Office REIT Dividends
Explore City Office REIT's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
10.59%
Dividend Payout Ratio
-93.47%
Dividend Paid & Capex Coverage Ratio
2.51x
City Office REIT Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.1 | $0.1 | April 10, 2025 | April 10, 2025 | April 24, 2025 | March 14, 2025 |
| $0.1 | $0.1 | January 10, 2025 | January 09, 2025 | January 23, 2025 | December 13, 2024 |
| $0.1 | $0.1 | October 10, 2024 | October 10, 2024 | October 24, 2024 | September 13, 2024 |
| $0.1 | $0.1 | July 10, 2024 | July 10, 2024 | July 24, 2024 | June 14, 2024 |
| $0.1 | $0.1 | April 09, 2024 | April 10, 2024 | April 24, 2024 | March 15, 2024 |
| $0.1 | $0.1 | January 09, 2024 | January 10, 2024 | January 24, 2024 | December 15, 2023 |
| $0.1 | $0.1 | October 06, 2023 | October 10, 2023 | October 24, 2023 | September 15, 2023 |
| $0.1 | $0.1 | July 06, 2023 | July 07, 2023 | July 21, 2023 | May 05, 2023 |
| $0.2 | $0.2 | April 10, 2023 | April 11, 2023 | April 25, 2023 | March 14, 2023 |
| $0.2 | $0.2 | January 09, 2023 | January 10, 2023 | January 24, 2023 | December 15, 2022 |
| $0.2 | $0.2 | October 06, 2022 | October 07, 2022 | October 21, 2022 | September 15, 2022 |
| $0.2 | $0.2 | July 07, 2022 | July 08, 2022 | July 22, 2022 | June 16, 2022 |
| $0.2 | $0.2 | April 07, 2022 | April 08, 2022 | April 22, 2022 | March 15, 2022 |
| $0.2 | $0.2 | January 10, 2022 | January 11, 2022 | January 25, 2022 | December 17, 2021 |
| $0.15 | $0.15 | October 07, 2021 | October 08, 2021 | October 22, 2021 | September 16, 2021 |
| $0.15 | $0.15 | July 08, 2021 | July 09, 2021 | July 23, 2021 | June 15, 2021 |
| $0.15 | $0.15 | April 08, 2021 | April 09, 2021 | April 23, 2021 | March 23, 2021 |
| $0.15 | $0.15 | January 08, 2021 | January 11, 2021 | January 25, 2021 | December 15, 2020 |
| $0.15 | $0.15 | October 07, 2020 | October 08, 2020 | October 22, 2020 | September 15, 2020 |
| $0.15 | $0.15 | July 09, 2020 | July 10, 2020 | July 24, 2020 | June 12, 2020 |
City Office REIT News
Read the latest news about City Office REIT, including recent articles, headlines, and updates.
Should Value Investors Buy City Office REIT (CIO) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
City Office REIT (RED PFD SER A): A High Yield, Deep Value Opportunity Worth Latching Onto
City Office REIT's Series A Preferred Shares offer a tempting yield despite recent accounting losses and systemic pressures, suggesting a potential buying opportunity. The shares are cumulative, redeemable, and fixed, ensuring eventual dividend payments, though call risk and financial restructuring are potential concerns. The REIT's fundamentals, including an 85.8% occupancy rate and sector diversification, support sustainability, with positive economic profitability and AFFO figures.
Tevogen Bio CIO and Head of Tevogen.AI Presented at AI x Bio Philly Event Showcasing Philly's Leading AI Biotechs
WARREN, N.J., April 08, 2025 (GLOBE NEWSWIRE) -- Tevogen (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN), a healthcare company with dedicated efforts in immunotherapy and artificial intelligence, today announced that Mittul Mehta, Chief Information Officer and Head of Tevogen.AI, presented at AI x Bio Philly, a premier event highlighting the convergence of artificial intelligence and life sciences in the Philadelphia region.
The CIO's Balancing Act: New Global Study Reveals How Tech Leaders Manage Security Threats While Driving Innovation
MILWAUKEE , April 8, 2025 /PRNewswire/ -- More than four out of ten (41%) Chief Information Officers (CIOs) report cybersecurity as their top concern, yet these same leaders are simultaneously increasing security budgets (77%), expanding cloud infrastructure (68%), and accelerating artificial intelligence (AI) capabilities (67%). According to the new Future Forward: CIO 2025 Outlook report released today by Experis , a global leader in IT workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, modern technology leaders are walking a tightrope between protecting their organizations and driving innovation in an era of relentless cyber threats and rapid digital transformation.
Cash COWs: 11 High-Yield REITs
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.
City Office REIT Announces First Quarter 2025 Earnings Release and Conference Call
VANCOUVER , April 1, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended March 31, 2025, before the market opens on Friday, May 2, 2025. City Office's management will hold a conference call at 11:00 am Eastern Time on May 2, 2025 to discuss the Company's financial results.
Robert Half Honored by Fortune and CIO 100 for Excellence in Innovation
MENLO PARK, Calif. , March 27, 2025 /PRNewswire/ -- Global talent solutions and business consulting firm Robert Half (NYSE: RHI) has been named one of Fortune's 2025 America's Most Innovative Companies and a winner of the 2025 CIO 100 Award.
Waterfall Asset Management Appoints Keerthi Raghavan as Co-Chief Investment Officer
NEW YORK , March 27, 2025 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser, today announced that Keerthi Raghavan has been appointed Co-Chief Investment Officer ("Co-CIO"). In this role, Keerthi, and current Co-CIO Brian Rebello, will oversee and direct all investment activity at the firm.
Are Investors Undervaluing City Office REIT (CIO) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sabra Health Care REIT, Inc. Announces Chief Investment Officer Transition
TUSTIN, Calif.--(BUSINESS WIRE)---- $CIO #CIO--Sabra Health Care REIT, Inc. (“Sabra”) (Nasdaq: SBRA) today announced that Talya Nevo-Hacohen, Sabra's Chief Investment Officer, Treasurer and Executive Vice President, has decided to retire effective December 31, 2025 and Darrin Smith, Sabra's Executive Vice President, Investments, is expected to be elevated to the role of Sabra's Chief Investment Officer effective January 1, 2026. Ms. Nevo-Hacohen is expected to remain in a consulting role with Sabra pursuant.
The State Of REITs: March 2025 Edition
REITs bounced back (+1.77%) in February and now have a positive year-to-date total return (+0.79%) after the first two months of the year. Large cap (+4.58%), small cap (+2.00%) and mid cap REITs (+0.98%) performed well in February while micro caps (-1.55%) continued to badly underperform their larger peers. 64.97% of REIT securities had a positive total in February.
City Office REIT Announces Dividends for First Quarter 2025
VANCOUVER , March 14, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the first quarter of 2025. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock.
Sensorion Reports Full-Year 2024 Results, Provides Corporate Update and Announces Availability of Full-Year Report
MONTPELLIER, France--(BUSINESS WIRE)--Regulatory News: Sensorion (FR0012596468 – ALSEN) a pioneering clinical-stage biotechnology company specializing in the development of novel therapies to restore, treat and prevent hearing loss disorders, today reported its full-year 2024 results, provided a corporate update, and announced the availability of the full-year report. “This past year has been an exceptional period of progress on clinical and corporate development fronts,” commented Nawal Ouzren.
'Absolutely not': Pickering Energy CIO on U.S. oil drillers increasing production
Dan Pickering, founder and chief investment officer at Pickering Energy Partners, says U.S. President Donald Trump's "drill, baby, drill" policy is "not going to happen" and that OPEC action will be more impactful when it comes to lowering oil prices.
SIGMA LITHIUM APPOINTS CIO FROM PROMINENT SAUDI ARABIAN INDUSTRIAL CONGLOMERATE AS NEW INDEPENDENT BOARD MEMBER; TO RELEASE FY2024 RESULTS ON MARCH 31, 2025
SÃO PAULO, March 13, 2025 /PRNewswire/ -- Sigma Lithium Corporation (TSXV/NASDAQ: SGML, BVMF: S2GM34) ("Sigma Lithium" or the "Company"), a leading global lithium producer dedicated to powering the next generation of electric vehicles with socially and environmentally sustainable lithium concentrate announces the appointment of Junaid Jafar, as a new independent member of the Board of Directors, effective today. He has the prominent role of Chief Investment Officer at Al Muhaidib Investment Office, which is the family office of Al Muhaidib Group, one of the largest private conglomerates in the Middle East (the "Conglomerate") headquartered in Dammam, Saudi Arabia.
CIO vs. EGP: Which Stock Is the Better Value Option?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either City Office REIT (CIO) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Tevogen Bio's CIO & Head of Tevogen.AI, Mittul Mehta, Featured Speaker at Proskauer's AI Discussion Panel
WARREN, N.J., March 07, 2025 (GLOBE NEWSWIRE) -- Mittul Mehta, Chief Information Officer & Head of Tevogen.AI at Tevogen Bio (“Tevogen Bio Holdings Inc.” or “Company”) (Nasdaq: TVGN), a clinical-stage specialty immunotherapy biotech company, recently joined industry leaders at Proskauer's AI discussion panel, "Attuned AI: Shaping AI to Empower Your Industry," held on March 6, 2025, in New York City.
City Office REIT: 8.8% Dividend Yield From The Preferreds
City Office REIT has seen a 28% increase over the past year but continues to trade at a low multiple to core FFO. CIO's fiscal 2024 fourth-quarter core FFO beat estimates, with 2025 core FFO expected to be $1.10-$1.14 per share, offering a 7.6% dividend yield. The REIT's 6.625% Series A Cumulative Preferreds offer an 8.88% yield on cost and present a more than 465 basis point spread over the U.S. 10-year Treasury yield.
Buried Treasures: 4 Dramatically Undervalued REITs
REITs are highly attractive now due to stable or falling interest rates and low inflation, with many offering strong yields while being undervalued. This article identifies 27 REITs yielding at least 75 basis points above the no-risk rate on Treasuries, while selling at discounts of 20% or greater to their Target Fair Value. The list is then screened for dividend safety, to eliminate sucker yields, and for stable revenues, excluding those with flat or declining FFO/share.
Stay invested in AI infrastructure names like Nvidia, but add allocation to software stocks: CIO
Jonathan Curtis from Franklin Equity Group says Nvidia is absolutely the premium name in AI infrastructure, but there are good opportunities to capture value in software application space "down the market cap spectrum".
American Express and Alipay to Enable Seamless Payments for International Travelers in China
SHANGHAI--(BUSINESS WIRE)--American Express and Alipay today announced a new feature aimed at enhancing payment convenience for international travelers in China. All eligible global American Express Card Members1 can now link their Cards to the Alipay digital wallet, enabling seamless and secure payments at tens of millions of merchants across the Chinese mainland. This initiative not only simplifies transactions for travelers but also provides local businesses with greater opportunities to att.
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