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

City Office REIT

05/05/2023 14:31

* City Office REIT Inc  CIO.N  reported a quarterly adjusted
loss
of 3 cents​​ 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 rose 2.5% to $45.96 million from a year ago;
analysts
expected $44.26 million. 
    * City Office REIT Inc's reported EPS for the quarter was a
loss
of 3 cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * City Office REIT Inc shares had fallen by 19.1% this
quarter and
lost 33.4% so far this year.
    * The company reported a quarterly loss of $1.15 million.
    * Wall Street's median 12-month price target for City Office
REIT
Inc is $10.00 
    * 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 from LSEG Refinitiv data May
5 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.35           0.34           Missed
 Dec. 31 2022      0.37           0.36           Missed
 Sep. 30 2022      0.38           0.37           Missed
 Jun. 30 2022      0.38           0.40           Beat