City Office REIT Inc expected to post a loss of 5 cents a share - Earnings Preview

City Office REIT

20/02/2024 14:39

* City Office REIT Inc  CIO.N   CIO  is expected to show a
rise in
quarterly revenue when it reports  results on February 22 for
the period ending December 31 2023
    * The Vancouver British Columbia-based  company is expected
to
report a 0.7% increase in revenue to $44.929 million from $44.61
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data. (Revenue Majority Basis is on
Total Revenue)
    * ​LSEG's mean analyst estimate for City Office REIT Inc is
for a
loss of 5 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for City Office
REIT
Inc is $5.50​, above​ its last closing price of $4.75. ​​​

This summary was machine generated February 20 at 14:39 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)