CIO - NYSE

City Office REIT, Inc.

CIO·NYSE

$6.99

-0.14%

Real EstateREIT - Office

City Office REIT, Inc. (NYSE: CIO) invests in high-quality office properties in 18-hour cities with strong economic fundamentals, primarily in the Southern and Western United States. At September 30, 2020, CIO owned office complexes comprising 5.8 million square feet of net rentable area (NRA).

Statements Value Model

At a Glance

Live Snapshot

Market Cap$282.14M

EPS-0.6300

P/E Ratio-11.10

Earnings Date02/18/2026

171.13M

Revenue

-4%

3Y+4.0%

5Y+9.0%

10Y+211.0%

-17.68M

Net Income

559%

3Y-104.0%

5Y-34.0%

10Y+168.0%

58.86M

Operating Cash Flow

3Y-20.0%

5Y+19.0%

10Y+316.0%

City Office REIT, Inc. Profit Bridge

CIO · NYSE

Revenue & Cost of Sales

Revenue171.13M

Cost of Goods Sold (69.46M)

Gross Profit101.67M

Operating Expenses

Operating Expenses (82.98M)

Operating Income18.68M

Other Income & Taxes

Interest Expense (32.96M)

Other Income/Expense-35.81M

Pretax Income-17.12M

Income Tax (0.00)

Net Income-17.68M

Net Income

-17.68M

Profitability Analysis

Gross Margin

59.4%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

10.9%

Acceptable margins but limited operational leverage. Operating expense control is important.

Net Profit Margin

-10.3%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.

City Office REIT, Inc. Income Statement

CIO • NYSE

City Office REIT, Inc. Income Statement	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
REVENUE
Revenue	171.1M	179.1M	180.5M	164M	160.8M	156.3M	129.5M	106.5M	72.5M	55.1M	36.9M	20.5M	11.5M	9.2M
GROSS PROFIT
Cost of Revenue	(69.5M)	(70M)	(67.7M)	(58M)	(58.3M)	(57.3M)	(49.9M)	(42.9M)	(28.3M)	(20.4M)	(14.3M)	(6M)	(4.1M)	(3.1M)
Gross Profit	101.7M	109.1M	112.7M	106M	102.5M	99M	79.6M	63.6M	44.2M	34.6M	22.6M	14.5M	7.4M	6.1M
OPERATING INCOME
Operating Expenses	(83M)	(77.8M)	(76.3M)	(72.8M)	(71.1M)	(70.2M)	(60.5M)	(48.4M)	(36.7M)	(26.7M)	(17.8M)	(10.2M)	(5.9M)	(4.5M)
Selling, General & Administrative	(15.2M)	(14.8M)	(13.8M)	(15.5M)	(10.7M)	(11.1M)	(8.1M)	(6.8M)	(6.5M)	(5M)	(3.1M)	(1.1M)	(969.5K)	(675.9K)
Research & Development	(0.0)	(0.0)	(0.0)	(2.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)
Operating Income	18.7M	31.3M	35.3M	33.2M	31.5M	28.8M	15.6M	15.2M	-297K	4.5M	2.6M	2.8M	1.3M	1.6M
PRE-TAX INCOME
Interest Expense	(33M)	(31.9M)	(25.8M)	(23.3M)	(26.4M)	(28.4M)	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(5.4M)	(0.0)	(2.2M)
Net Interest Income	-34.3M	-33.2M	-27M	-24.6M	-27.7M	-29.7M	23.9M	20.2M	14.8M	11.4M	9.3M	-5.4M	3.7M	-2.2M
Other Expenses	(67.8M)	(63M)	(62.5M)	(57.3M)	(60.4M)	(59.2M)	(52.4M)	(41.6M)	(30.2M)	(21.6M)	(14.7M)	(9.2M)	(4.9M)	(3.8M)
Total Other Income Expenses Net	-35.8M	-33.3M	-5.3M	452.1M	-26.3M	-26.3M	23M	-6.1M	673K	-12.2M	-7.5M	-6.9M	-3.9M	-2.2M
Income Before Tax	-17.1M	-2M	17.7M	485.3M	5.1M	2.4M	38.7M	9.2M	376K	-7.7M	-4.9M	-4.2M	-1.9M	-669.6K
NET INCOME
Income Tax Expense	(0.0)	(0.0)	(0.0)	(0.0)	(0.0)	(29M)	(0.0)	(0.0)	(0.0)	(0.0)	(329K)	-1.6M	(505.9K)	(0.0)
Net Income	-17.7M	-2.7M	25.2M	484.4M	-21.8M	-26.6M	38.2M	5.8M	-843K	-6.6M	-3M	-4.1M	-1.6M	-617.4K

SEC Filings

CIO - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	January 09, 2026	January 09, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 04, 2025	December 04, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 25, 2025	November 23, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 07, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 17, 2025	October 16, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 07, 2025	October 07, 2025	2025	View Filing
8-K 8-K 2025 N/A	August 15, 2025	August 15, 2025	2025	View Filing
10-Q 10-Q 2025 Q2 Q2	July 31, 2025	June 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	July 31, 2025	July 31, 2025	2025	View Filing
8-K 8-K 2025 N/A	July 24, 2025	July 23, 2025	2025	View Filing

Showing 1 to 10 of 190 filings

Related Guides

Blog Categories

Continue your CIO research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.