City Office REIT (NYSE:CIO) Updates FY 2025 Earnings Guidance

City Office REIT (NYSE:CIO) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.100-1.140 for the period, compared to the consensus earnings per share estimate of 1.100. The company issued revenue guidance of -.

City Office REIT Price Performance

City Office REIT stock opened at $4.93 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.42 and a quick ratio of 2.42. City Office REIT has a one year low of $4.02 and a one year high of $6.50. The company’s fifty day moving average price is $5.25 and its two-hundred day moving average price is $5.49.

City Office REIT (NYSE:CIO) last released its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.40. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. The company had revenue of $41.92 million during the quarter, compared to analysts’ expectations of $42.79 million. As a group, analysts anticipate that City Office REIT will post 1 earnings per share for the current year.

City Office REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend was Friday, January 10th. City Office REIT’s dividend payout ratio (DPR) is -64.52%.

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.