City Office REIT Inc

Chart & Performance

D1W1MN

Profile

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).

URL

https://cioreit.com/

IPO date

Apr 15, 2014

Employees

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	171,126 -4.45%	179,096 -0.77%	180,485 10.02%
Cost of revenue	84,661	84,838	81,521
Unusual Expense (Income)
NOPBT	86,465	94,258	98,964
NOPBT Margin	50.53%	52.63%	54.83%
Operating Taxes			(7,523)
Tax Rate
NOPAT	86,465	94,258	106,487
Net income	(25,100) 835.87%	(2,682) -110.64%	25,204 -94.80%
Dividends	(23,460)	(31,339)	(41,365)
Dividend yield	10.59%	12.85%	11.52%
Proceeds from repurchase of equity		(1,643)	(50,169)
BB yield		0.67%	13.97%
Debt
Debt current	255,000	108,333	200,500
Long-term debt	391,972	590,652	699,249
Deferred revenue			7,040
Other long-term liabilities	23,180	30,062	8,348
Net debt	628,086	668,903	868,862
Cash flow
Cash from operating activities	58,864	57,223	106,677
CAPEX			(9,565)
Cash from investing activities	(40,291)	(41,339)	(47,050)
Cash from financing activities	(28,006)	(16,754)	(57,631)
FCF	95,165	285,603	46,221
Balance
Cash	18,886	30,082	28,187
Long term investments			2,700
Excess cash	10,330	21,127	21,863
Stockholders' equity	292,211	333,766	367,013
Invested Capital	1,394,362	1,461,179	1,687,298
ROIC	6.06%	5.99%	6.27%
ROCE	6.16%	6.36%	5.72%
EV
Common stock shares outstanding	40,140	39,922	42,866
Price	5.52 -9.66%	6.11 -27.09%	8.38 -57.51%
Market cap	221,573 -9.16%	243,923 -32.10%	359,217 -58.74%
EV	962,344	1,025,228	1,340,422
EBITDA	145,786	157,245	161,534
EV/EBITDA	6.60	6.52	8.30
Interest	32,960	31,876	25,784
Interest/NOPBT	38.12%	33.82%	26.05%