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

City Office REIT (NYSE:CIO - Get Free Report) issued an update on its FY 2025 earnings guidance on Friday 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 1.110. The company issued revenue guidance of -.

City Office REIT Trading Down 0.1 %

Shares of City Office REIT stock traded down $0.01 during trading hours on Tuesday, hitting $4.87. The company's stock had a trading volume of 114,307 shares, compared to its average volume of 200,366. The business has a fifty day moving average of $4.97 and a 200 day moving average of $5.19. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 1.02. City Office REIT has a 1-year low of $4.19 and a 1-year high of $6.50. The company has a market capitalization of $196.66 million, a PE ratio of -7.86, a P/E/G ratio of 0.86 and a beta of 1.65.

City Office REIT (NYSE:CIO - Get Free Report) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.03. The business had revenue of $42.26 million for the quarter, compared to analysts' expectations of $42.38 million. City Office REIT had a negative net margin of 10.33% and a negative return on equity of 2.74%. As a group, equities analysts forecast that City Office REIT will post 1 EPS for the current year.

City Office REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 10th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date was Thursday, April 10th. City Office REIT's payout ratio is currently -64.52%.

City Office REIT Company Profile

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.