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

City Office REIT

05/05/2022 17:52

* City Office REIT Inc  CIO.N  reported quarterly adjusted
earnings of 51 cents​​ per share for the quarter ended in March.
The mean expectation of four analysts for the quarter was
for earnings of 6 cents per share.
    * Revenue rose 13.5% to $44.85 million from a year ago; 
analysts
expected $43.19 million. 
    * City Office REIT Inc's reported EPS for the quarter was 51
cents​.
    * The mean earnings estimate of analysts had risen by
about 0.9%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * City Office REIT Inc shares had fallen by 14.6% this
quarter and
lost 23.5% so far this year.
    * The company reported quarterly net income of $22.67
million.
    * Wall Street's median 12-month price target for City Office
REIT
Inc is $19.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 04:52 p.m.  ​All
figures in US dollars unless otherwise stated