City Office REIT Inc reports results for the quarter ended in December - Earnings Summary

City Office REIT

23/02/2024 03:14

* City Office REIT Inc  CIO.N  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -36 cents.  The mean expectation of two analysts
for the quarter was for a loss of 5 cents per share. Wall Street
expected results to range from -6 cents to -5 cents per share.
    * Revenue fell 0.7% to $44.32 million from a year ago;
analysts
expected $44.93 million. 
    * City Office REIT Inc's reported EPS for the quarter was a
loss
of 11 cents​.
    * The company reported a quarterly loss of $4.52 million.
    * City Office REIT Inc shares had fallen by 23.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the commercial
reits
peer group is also "hold"

Wall Street's median 12-month price target for City Office REIT
Inc is $5.50 
This summary was machine generated from LSEG data February 23 at
03:13 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.32           0.33           Beat
 Sep. 30 2023      0.32           0.34           Beat
 Jun. 30 2023      0.34           0.35           Beat
 Mar. 31 2023      0.35           0.37           Beat