City Office REIT (NYSE:CIO) Posts Earnings Results, Beats Expectations By $0.40 EPS

City Office REIT (NYSE:CIO) 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. The firm had revenue of $41.92 million for the quarter, compared to analysts’ expectations of $42.79 million. City Office REIT had a negative net margin of 5.56% and a negative return on equity of 1.48%. City Office REIT updated its FY 2025 guidance to 1.100-1.140 EPS.

City Office REIT Price Performance

NYSE:CIO opened at $5.17 on Friday. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 1.02. City Office REIT has a one year low of $4.02 and a one year high of $6.50. The stock has a 50-day simple moving average of $5.27 and a 200 day simple moving average of $5.49.

City Office REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.10 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.74%. City Office REIT’s dividend payout ratio (DPR) is presently -95.24%.

About City Office REIT

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.