City Office REIT, Inc. Stock News

CHICAGO & AMSTERDAM--(BUSINESS WIRE)--Northern Trust Asset Management (NTAM), a leading global investment management firm with US$1.3 trillion in assets under management as of December 31, 2024, announced a major expansion of its global quantitative investment strategies team. NTAM has hired 13 investment personnel, including quantitative researchers, portfolio analysts and quantitative develop...

VANCOUVER , Jan. 24, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("the Company"), today announced the tax treatment of its 2024 distributions to holders of the Company's common stock and 6.625% Series A Cumulative Redeemable Preferred Stock ("Preferred Stock"). The tax information provided below should not be construed as tax advice and shareholders are encouraged to consult with th...

VANCOUVER , Jan. 10, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter and year ended December 31, 2024, before the market opens on Thursday, February 20, 2025. City Office's management will hold a conference call at 11:00 am Eastern Time on February 20, 2025 to discuss the Company's fin...

U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting...

City Office REIT has demonstrated consistent cash flow growth through strategic investments in growth real estate markets and a robust stock repurchase program.

VANCOUVER , Dec. 18, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that it has signed a 60,000 square foot lease with an existing tenant at its premier Terraces property located in Dallas, Texas.  The lease extends the tenant's existing 44,000 square foot space until 2036 and expands the tenant's space by 16,000 square feet.

City Office REIT trades at a remarkably cheap 3.2x annualized fiscal 2024 third-quarter free cash flow, with a 31% free cash flow yield on market cap. Despite a high debt load, CIO's free cash flow comfortably covers its dividends, with a 6.8% yield for common shares and 8.3% for preferreds. CIO's portfolio is 83.4% occupied, set to rise to 87%, with strong leasing momentum and manageable lease...

VANCOUVER , Dec. 13, 2024 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office," "CIO" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of $0.10 per share of common stock and common unit of partnership interest for the fourth quarter of 2024.   Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4...