City Office REIT Inc reports results for the quarter ended June 30 - Earnings Summary

City Office REIT

01/08/2025 17:05

City Office REIT Inc CIO.N reported a quarterly adjusted loss of $2.66​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -14 cents.  The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -11 cents to -10 cents per share.

Revenue rose 0% to $42.34 million from a year ago; analysts expected $42.28 million.

City Office REIT Inc's reported EPS for the quarter was a loss of $2.66​.

The company reported a quarterly loss of $107.22 million.

City Office REIT Inc shares had risen by 30.0% this quarter and gained 25.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.5% 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 $7.00, about 0.9% above its last closing price of $6.94

This summary was machine generated from LSEG data August 1 at 04:04 p.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
Jun. 30 2025
0.27
0.28
Beat
Mar. 31 2025
0.28
0.30
Beat
Dec. 31 2024
0.27
0.28
Beat
Sep. 30 2024
0.28
0.27
Missed