See more : Decarbonization Plus Acquisition Corporation II (DCRN) Income Statement Analysis – Financial Results
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) Q1 2023 Earnings Call Transcript
City Office REIT, Inc. (NYSE:CIO ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Tony Maretic - CFO, Treasurer & Corporate Secretary Jamie Farrar - CEO Conference Call Participants Rob Stevenson - Janney Barry Oxford...
City Office REIT (CIO) Surpasses Q1 FFO and Revenue Estimates
City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to FFO of $0.40 per share a year ago.
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Source: https://incomestatements.info
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