KeyBanc Capital Markets initiated coverage on City Office REIT
$CIO
Real Estate Investment Trusts
Real Estate
KeyBanc Capital Markets initiated coverage of City Office REIT with a rating of Sector Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2023 | Sector Weight | KeyBanc Capital Markets | |
| 11/19/2021 | $19.00 | Outperform → Sector Perform | RBC Capital |
| 8/23/2021 | $16.00 → $19.00 | Outperform | RBC Capital |
| 8/9/2021 | $14.00 → $16.00 | Outperform | RBC Capital |
4 - City Office REIT, Inc. (0001593222) (Issuer)
4 - City Office REIT, Inc. (0001593222) (Issuer)
4 - City Office REIT, Inc. (0001593222) (Issuer)
City Office REIT (NYSE:CIO) reported quarterly Core FFO of $0.33 per share which beat the analyst consensus estimate of $0.31 by 6.45 percent. The company reported quarterly sales of $44.493 million which beat the analyst consensus estimate of $43.355 million by 2.63 percent. This is a 3.19 percent decrease over sales of $45.957 million the same period last year.
The Federal Reserve’s indication of upcoming interest rate cuts injected optimism into the real estate sector, particularly benefiting stocks under pressure due to exposure to the office industry or elevated debt levels. A Shift Towards Speculation Thursday’s session suggests the rally has been more pronounced among real estate companies with higher debt levels This shift may signify a growing investor inclination towards speculative stocks within the real estate sector, banking on the premise that forthcoming rate cuts could provide a much-needed respite for real estate investment trusts (REITs) grappling with significant debt burdens. The Fed’s March dot plot hints at three ra
VANCOUVER, Oct. 31, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2024. Third Quarter Highlights Rental and other revenues were $42.4 million. GAAP net loss attributable to common stockholders was approximately $4.5 million, or ($0.11) per fully diluted share;Core FFO was approximately $11.1 million, or $0.27 per fully diluted share;AFFO was approximately $4.8 million, or $0.12 per fully diluted share;In-place occupancy was 83.4% as of quarter end, or 87.0% i
VANCOUVER, Oct. 8, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2024, before the market opens on Thursday, October 31, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on October 31, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com. Webcast Click on the webcast link under the "Investor Rela
VANCOUVER, Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable on October 24, 2024 to all stockholders, preferred stockholders and ope
10-Q - City Office REIT, Inc. (0001593222) (Filer)
8-K - City Office REIT, Inc. (0001593222) (Filer)
EFFECT - City Office REIT, Inc. (0001593222) (Filer)
4 - City Office REIT, Inc. (0001593222) (Issuer)
KeyBanc Capital Markets initiated coverage of City Office REIT with a rating of Sector Weight
RBC Capital downgraded City Office REIT from Outperform to Sector Perform and set a new price target of $19.00
RBC Capital reiterated coverage of City Office REIT with a rating of Outperform and set a new price target of $19.00 from $16.00 previously
SC 13G/A - City Office REIT, Inc. (0001593222) (Subject)
SC 13G - City Office REIT, Inc. (0001593222) (Subject)
SC 13G/A - City Office REIT, Inc. (0001593222) (Subject)
VANCOUVER, Oct. 31, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) (the "Company," "City Office," "we" or "our") today announced its results for the quarter ended September 30, 2024. Third Quarter Highlights Rental and other revenues were $42.4 million. GAAP net loss attributable to common stockholders was approximately $4.5 million, or ($0.11) per fully diluted share;Core FFO was approximately $11.1 million, or $0.27 per fully diluted share;AFFO was approximately $4.8 million, or $0.12 per fully diluted share;In-place occupancy was 83.4% as of quarter end, or 87.0% i
VANCOUVER, Oct. 8, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended September 30, 2024, before the market opens on Thursday, October 31, 2024. City Office's management will hold a conference call at 11:00 am Eastern Time on October 31, 2024 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on www.cioreit.com. Webcast Click on the webcast link under the "Investor Rela
VANCOUVER, Sept. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE:CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the third quarter of 2024. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Company's 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable on October 24, 2024 to all stockholders, preferred stockholders and ope