Stock CIO CITY OFFICE REIT, INC.
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Financials City Office REIT, Inc.

Equities

CIO

US1785871013

Commercial REITs

Market Closed - Nyse
Other stock markets
 04:00:02 2024-05-31 pm EDT 		5-day change 1st Jan Change
4.93 USD +1.86% Intraday chart for City Office REIT, Inc. +3.35% -19.31%
May. 03 Transcript : City Office REIT, Inc., Q1 2024 Earnings Call, May 03, 2024
May. 03 Tranche Update on City Office REIT, Inc.'s Equity Buyback Plan announced on May 5, 2023. CI

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 737.5 424 858.9 332.8 244 198 - -
Enterprise Value (EV) 1 1,275 1,076 1,491 332.8 244 198 198 198
P/E ratio -104 x -163 x 1.83 x 38.1 x -24.4 x -13 x -10.5 x -18.3 x
Yield 6.95% 6.14% 3.3% 9.55% 8.18% 8.11% 8.11% 8.11%
Capitalization / Revenue 4.72 x 2.64 x 5.24 x 1.84 x 1.36 x 1.14 x 1.13 x 1.12 x
EV / Revenue 4.72 x 2.64 x 5.24 x 1.84 x 1.36 x 1.14 x 1.13 x 1.12 x
EV / EBITDA 8.39 x 4.62 x 9.49 x 3.85 x 2.59 x 2.14 x 2.14 x 2.15 x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 1.35 x 1.02 x 0.99 x - - - - -
Nbr of stocks (in thousands) 54,547 43,397 43,554 39,719 39,938 40,154 - -
Reference price 2 13.52 9.770 19.72 8.380 6.110 4.930 4.930 4.930
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 156.3 160.8 164 180.5 179.1 174.1 175 176.3
EBITDA 1 87.92 91.84 90.55 86.38 94.26 92.49 92.49 91.88
EBIT 1 28.76 31.47 33.23 36.47 31.27 29.94 28.76 27.36
Operating Margin 18.4% 19.57% 20.26% 20.21% 17.46% 17.2% 16.43% 15.52%
Earnings before Tax (EBT) 2.442 5.129 485.3 - - - - -
Net income 1 -5.622 -2.893 477 9.57 -10.1 -14.14 -17.43 -13.27
Net margin -3.6% -1.8% 290.77% 5.3% -5.64% -8.12% -9.96% -7.53%
EPS 2 -0.1300 -0.0600 10.80 0.2200 -0.2500 -0.3800 -0.4700 -0.2700
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 0.9400 0.6000 0.6500 0.8000 0.5000 0.4000 0.4000 0.4000
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 39.67 44.85 45.5 45.52 44.61 45.96 44.6 44.21 44.32 44.49 43.57 43.12 43.05 43.1 43.55
EBITDA 1 23.42 24.91 25.05 25.6 31.4 24.47 23.69 23.04 23.06 23.04 23.08 22.79 22.73 22.87 23.08
EBIT 1 10.12 9.092 9.347 9.049 8.98 9.168 7.922 8.316 5.864 7.963 7.46 7.29 7.227 7.14 7.176
Operating Margin 25.52% 20.27% 20.54% 19.88% 20.13% 19.95% 17.76% 18.81% 13.23% 17.9% 17.12% 16.91% 16.79% 16.57% 16.48%
Earnings before Tax (EBT) 433.2 24.69 3.063 2.164 - - - - - - - - - - -
Net income 1 431.2 22.66 1.044 0.134 -14.27 -1.151 -2.535 -1.898 -4.518 -2.444 -3.331 -4.044 -4.317 -4.571 -4.429
Net margin 1,086.9% 50.53% 2.29% 0.29% -32% -2.5% -5.68% -4.29% -10.19% -5.49% -7.65% -9.38% -10.03% -10.61% -10.17%
EPS 2 9.760 0.5100 0.0200 - -0.3600 -0.0300 -0.0600 -0.0500 -0.1100 -0.0600 -0.0800 -0.1200 -0.1200 -0.1250 -0.1200
Dividend per Share 2 0.1500 0.2000 0.2000 0.2000 0.2000 0.2000 0.1000 0.1000 0.1000 - 0.1000 0.1000 0.1000 0.1000 0.1000
Announcement Date 2/25/22 5/5/22 8/4/22 11/7/22 2/23/23 5/5/23 8/3/23 11/9/23 2/22/24 5/3/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 537 652 632 - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) 6.11 x 7.099 x 6.983 x - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) -1.91% -0.6% 74.1% - - - - -
ROA (Net income/ Total Assets) -0.78% -0.24% 34.6% - - - - -
Assets 1 724.7 1,193 1,379 - - - - -
Book Value Per Share 10.00 9.610 20.00 - - - - -
Cash Flow per Share 1.130 1.270 1.660 - - - - -
Capex 16 26.4 17.9 - - - - -
Capex / Sales 10.24% 16.38% 10.89% - - - - -
Announcement Date 2/26/20 2/25/21 2/25/22 2/23/23 2/22/24 - - -
1USD in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for City Office REIT, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
5
Last Close Price
4.93 USD
Average target price
6 USD
Spread / Average Target
+21.70%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Office REITs
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