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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	179,096 -0.77%	180,485 10.02%	164,041 1.99%
Cost of revenue	84,838	81,521	73,494
Unusual Expense (Income)
NOPBT	94,258	98,964	90,547
NOPBT Margin	52.63%	54.83%	55.20%
Operating Taxes		(7,523)	24,154
Tax Rate			26.68%
NOPAT	94,258	106,487	66,393
Net income	(2,682) -110.64%	25,204 -94.80%	484,395 -2,318.33%
Dividends	(31,339)	(41,365)	(33,506)
Dividend yield	12.85%	11.52%	3.85%
Proceeds from repurchase of equity	(1,643)	(50,169)
BB yield	0.67%	13.97%
Debt
Debt current	108,333	200,500	142,000
Long-term debt	590,652	699,249	676,462
Deferred revenue		7,040	6,165
Other long-term liabilities	30,062	8,348	38,569
Net debt	668,903	868,862	2,398,654
Cash flow
Cash from operating activities	57,223	106,677	73,222
CAPEX		(9,565)	(8,190)
Cash from investing activities	(41,339)	(47,050)	(17,381)
Cash from financing activities	(16,754)	(57,631)	(59,526)
FCF	285,603	46,221	(23,213)
Balance
Cash	30,082	28,187	21,321
Long term investments		2,700	(1,601,513)
Excess cash	21,127	21,863
Stockholders' equity	333,766	367,013	388,534
Invested Capital	1,461,179	1,687,298	1,710,977
ROIC	5.99%	6.27%	4.57%
ROCE	6.36%	5.72%	5.31%
EV
Common stock shares outstanding	39,922	42,866	44,145
Price	6.11 -27.09%	8.38 -57.51%	19.72 101.84%
Market cap	243,923 -32.10%	359,217 -58.74%	870,539 88.69%
EV	1,025,228	1,340,422	3,382,172
EBITDA	157,245	161,534	147,864
EV/EBITDA	6.52	8.30	22.87
Interest	31,876	25,784	23,268
Interest/NOPBT	33.82%	26.05%	25.70%