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

City Office REIT

07/05/2021 13:41

* City Office REIT Inc  CIO.N  reported quarterly adjusted
earnings of $1.07​​ per share for the quarter ended in March.
The mean expectation of three analysts for the quarter was for a
loss of 4 cents per share.
* Revenue fell 1.5% to $39.52 million from a year ago​; 
analysts expected $39.93 million.
* City Office REIT Inc's reported EPS for the quarter was
$1.07​.
* The mean earnings estimate of analysts had fallen by
about 5.3% in the last three months.​ 
* In the last 30 days there have been no negative revisions of
earnings estimates and  
* City Office REIT Inc shares had risen by 5.4% this quarter and
gained 14.5% so far this year.
* The company reported quarterly net income of $46.96 million.
* Wall Street's median 12-month price target for City Office
REIT Inc is $12.00 
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
This summary was machine generated May 7 at 12:41 p.m. GMT. ​All
figures in US Dollars.​