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Complete financial analysis of City Office REIT, Inc. (CIO) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of City Office REIT, Inc., a leading company in the REIT – Office industry within the Real Estate sector.
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City Office REIT, Inc. (CIO)
About City Office REIT, Inc.
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).
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179.10M | 180.49M | 164.04M | 160.84M | 156.30M | 129.48M | 106.49M | 72.46M | 55.05M | 36.90M | 20.49M | 11.52M | 9.17M |
| Cost of Revenue | 70.00M | 67.74M | 58.01M | 58.31M | 57.32M | 49.87M | 42.89M | 28.31M | 20.42M | 14.33M | 6.02M | 4.11M | 3.08M |
| Gross Profit | 109.10M | 112.75M | 106.04M | 102.53M | 98.98M | 79.61M | 63.60M | 44.16M | 34.63M | 22.56M | 14.47M | 7.41M | 6.09M |
| Gross Profit Ratio | 60.92% | 62.47% | 64.64% | 63.75% | 63.33% | 61.48% | 59.73% | 60.94% | 62.91% | 61.16% | 70.61% | 64.31% | 66.43% |
| Research & Development | 0.00 | 0.10 | 2.96 | 0.03 | 0.02 | 0.30 | 0.09 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 14.84M | 13.78M | 15.49M | 10.69M | 11.07M | 8.14M | 6.79M | 6.54M | 5.03M | 3.09M | 1.06M | 969.50K | 675.87K |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 14.84M | 13.78M | 15.49M | 10.69M | 11.07M | 8.14M | 6.79M | 6.54M | 5.03M | 3.09M | 1.06M | 969.50K | 675.87K |
| Other Expenses | 62.99M | 62.50M | 57.32M | 60.37M | 59.16M | 52.35M | 41.59M | 30.18M | 21.62M | 14.73M | 9.16M | 4.93M | 3.84M |
| Operating Expenses | 77.83M | 76.28M | 72.81M | 71.06M | 70.23M | 60.49M | 48.39M | 36.72M | 26.65M | 17.82M | 10.22M | 5.90M | 4.52M |
| Cost & Expenses | 147.83M | 144.02M | 130.81M | 129.37M | 127.54M | 110.36M | 91.27M | 65.02M | 47.07M | 32.15M | 16.24M | 10.01M | 7.60M |
| Interest Income | -1.30M | 27.00M | 24.60M | 27.69M | 29.73M | 23.94M | 20.17M | 14.76M | 11.35M | 9.30M | 16.00 | 3.69M | 0.00 |
| Interest Expense | 31.88M | 25.78M | 23.27M | 26.36M | 28.40M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.37M | 0.00 | 2.19M |
| Depreciation & Amortization | 62.99M | 144.02M | 130.81M | 129.37M | 127.54M | 110.36M | 91.27M | 72.76M | 21.62M | 14.73M | 7.78M | 3.96M | 3.13M |
| EBITDA | 94.26M | 97.75M | 90.55M | 91.84M | 87.92M | 67.98M | 56.81M | 29.88M | 26.15M | 17.34M | 8.65M | 5.15M | 4.66M |
| EBITDA Ratio | 52.63% | 54.16% | 54.39% | 56.27% | 55.40% | 87.14% | 62.05% | 59.53% | 46.57% | 52.98% | 43.97% | 52.51% | 51.34% |
| Operating Income | 31.27M | 35.25M | 33.23M | 31.47M | 28.76M | 15.63M | 15.22M | -297.00K | 4.53M | 2.62M | 2.77M | 1.30M | 1.58M |
| Operating Income Ratio | 17.46% | 19.53% | 20.26% | 19.57% | 18.40% | 12.07% | 14.29% | -0.41% | 8.22% | 7.09% | 13.52% | 11.27% | 17.20% |
| Total Other Income/Expenses | -33.31M | -5.34M | 452.05M | -26.34M | -26.31M | 23.04M | -6.06M | 673.00K | -12.19M | -7.53M | -6.95M | -3.90M | -2.25M |
| Income Before Tax | -2.04M | 17.68M | 485.28M | 5.13M | 2.44M | 38.67M | 9.16M | 376.00K | -7.67M | -4.91M | -4.18M | -1.88M | -669.59K |
| Income Before Tax Ratio | -1.14% | 9.80% | 295.83% | 3.19% | 1.56% | 29.86% | 8.60% | 0.52% | -13.93% | -13.31% | -20.39% | -16.34% | -7.30% |
| Income Tax Expense | 0.00 | -7.52M | 24.15M | 26.97M | 29.05M | 45.36M | 12.66M | 14.48M | -1.59M | 329.00K | -1.58M | 505.88K | -53.14K |
| Net Income | -2.68M | 25.20M | 484.40M | -21.84M | -26.60M | 38.17M | 5.76M | -843.00K | -6.59M | -3.04M | -4.13M | -1.60M | -617.45K |
| Net Income Ratio | -1.50% | 13.96% | 295.29% | -13.58% | -17.02% | 29.48% | 5.41% | -1.16% | -11.97% | -8.23% | -20.17% | -13.85% | -6.73% |
| EPS | -0.25 | 0.60 | 10.97 | -0.46 | -0.60 | 1.02 | -0.05 | -0.04 | -0.53 | -0.36 | -0.54 | -0.20 | -0.08 |
| EPS Diluted | -0.25 | 0.59 | 10.80 | -0.46 | -0.60 | 1.01 | -0.05 | -0.04 | -0.53 | -0.36 | -0.52 | -0.20 | -0.08 |
| Weighted Avg Shares Out | 39.92M | 42.05M | 43.50M | 47.22M | 44.00M | 37.32M | 30.20M | 20.18M | 12.41M | 8.48M | 7.66M | 8.01M | 8.01M |
| Weighted Avg Shares Out (Dil) | 39.92M | 42.87M | 44.15M | 47.22M | 44.00M | 37.67M | 30.20M | 20.46M | 12.41M | 8.48M | 8.01M | 8.01M | 8.01M |
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City Office REIT, Inc. (CIO) Q2 2023 Earnings Call Transcript
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VANCOUVER , Aug. 3, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended June 30, 2023. Second Quarter Highlights Rental and other revenues were $44.6 million.
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VANCOUVER , June 30, 2023 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended June 30, 2023, before the market opens on Thursday, August 3,...
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City Office REIT has recently cut the dividend on its common shares, and that's good news as the payout ratio will now drop below 100%. The preferred shares are still in good shape thanks to a safety net of almost...
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Category: Stock Reports