City Office REIT (NYSE:CIO - Get Free Report) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.28 earnings per share (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 10.33% and a negative return on equity of 2.74%. The company had revenue of $41.92 million for the quarter, compared to analyst estimates of $42.79 million. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.
City Office REIT Stock Performance
Shares of NYSE CIO traded down $0.24 during midday trading on Friday, hitting $4.93. The company's stock had a trading volume of 155,507 shares, compared to its average volume of 122,738. The stock has a fifty day moving average price of $5.25 and a 200 day moving average price of $5.49. City Office REIT has a one year low of $4.02 and a one year high of $6.50. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $197.74 million, a price-to-earnings ratio of -7.94, a P/E/G ratio of 0.86 and a beta of 1.98.
City Office REIT Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend was Friday, January 10th. City Office REIT's dividend payout ratio (DPR) is currently -64.52%.
City Office REIT Company Profile
(
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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.
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