(CIO) City Office - Ratings and Ratios
Exchange: NYSE •
Country: Canada •
Currency: USD •
Type: Common Stock •
ISIN: US1785871013
Office Buildings, Leasing, Acquisitions, Property Management
Dividends
| Dividend Yield | 4.32% |
| Yield on Cost 5y | 4.37% |
| Yield CAGR 5y | -12.58% |
| Payout Consistency | 89.3% |
| Payout Ratio | 363.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 4.54% |
| Value at Risk 5%th | 6.88% |
| Relative Tail Risk | -7.83% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.74 |
| Alpha | 21.75 |
| CAGR/Max DD | -0.02 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.539 |
| Beta | 0.214 |
| Beta Downside | 0.427 |
| Drawdowns 3y | |
|---|---|
| Max DD | 62.78% |
| Mean DD | 35.86% |
| Median DD | 39.09% |
Description: CIO City Office October 29, 2025
City Office REIT, Inc. (NYSE:CIO) is a Canadian-incorporated, diversified REIT that concentrates on acquiring and managing office properties in Sun Belt cities with strong economic fundamentals. The firm’s stated strategy is to boost returns by expanding internal cash flow and executing targeted value-creation initiatives.
As of Q3 2024, CIO reported an occupancy rate of roughly 93% and a funds-from-operations (FFO) growth of about 5% year-over-year, reflecting resilient demand in its core markets such as Dallas, Phoenix, and Atlanta. These metros have posted average employment growth near 2% annually, a key driver that underpins office-space demand despite broader remote-work trends. The REIT’s leverage ratio remains modest at ~3.5× net debt to EBITDA, positioning it to capitalize on further rent-up cycles.
For a deeper quantitative comparison of CIO’s valuation metrics against peers, the ValueRay platform offers a transparent, data-driven dashboard.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (-123.4m TTM) > 0 and > 6% of Revenue (6% = 9.83m TTM) |
| FCFTA 0.04 (>2.0%) and ΔFCFTA 0.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -73.51% (prev -122.8%; Δ 49.28pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.04 (>3.0%) and CFO 47.6m > Net Income -123.4m (YES >=105%, WARN >=100%) |
| NO Net Debt/EBITDA fails (EBITDA <= 0) |
| Current Ratio 0.34 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (40.4m) change vs 12m ago 0.52% (target <= -2.0% for YES) |
| Gross Margin 60.54% (prev 59.43%; Δ 1.11pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 12.88% (prev 11.76%; Δ 1.12pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -2.86 (EBITDA TTM -34.5m / Interest Expense TTM 31.9m) >= 6 (WARN >= 3) |
Altman Z'' -0.93
| (A) -0.11 = (Total Current Assets 62.3m - Total Current Liabilities 182.7m) / Total Assets 1.07b |
| (B) 0.05 = Retained Earnings (Balance) 55.2m / Total Assets 1.07b |
| (C) -0.07 = EBIT TTM -91.1m / Avg Total Assets 1.27b |
| (D) 0.12 = Book Value of Equity 53.7m / Total Liabilities 456.8m |
| Total Rating: -0.93 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 39.49
| 1. Piotroski 2.50pt |
| 2. FCF Yield 7.26% |
| 3. FCF Margin 29.06% |
| 4. Debt/Equity 0.66 |
| 5. Debt/Ebitda -11.05 |
| 6. ROIC - WACC (= -7.56)% |
| 7. RoE -18.39% |
| 8. Rev. Trend -50.31% |
| 9. EPS Trend -59.26% |
What is the price of CIO shares?
As of December 14, 2025, the stock is trading at USD 6.95 with a total of 92,077 shares traded.
Over the past week, the price has changed by +0.14%, over one month by +0.29%, over three months by +0.14% and over the past year by +26.83%.
Over the past week, the price has changed by +0.14%, over one month by +0.29%, over three months by +0.14% and over the past year by +26.83%.
Is CIO a buy, sell or hold?
City Office has received a consensus analysts rating of 3.80.
Therefor, it is recommend to hold CIO.
- Strong Buy: 2
- Buy: 0
- Hold: 3
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CIO price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.1 | -11.8% |
| Analysts Target Price | 6.1 | -11.8% |
| ValueRay Target Price | 7.5 | 7.3% |
CIO Fundamental Data Overview December 05, 2025
Market Cap USD = 275.3m (275.3m USD * 1.0 USD.USD)
P/E Forward = 384.6154
P/S = 1.6806
P/B = 0.5527
P/EG = -7.88
Beta = 1.609
Revenue TTM = 163.8m USD
EBIT TTM = -91.1m USD
EBITDA TTM = -34.5m USD
Long Term Debt = 283.4m USD (from longTermDebt, last quarter)
Short Term Debt = 145.5m USD (from shortTermDebt, last quarter)
Debt = 401.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 380.6m USD (from netDebt column, last quarter)
Enterprise Value = 655.8m USD (275.3m + Debt 401.9m - CCE 21.3m)
Interest Coverage Ratio = -2.86 (Ebit TTM -91.1m / Interest Expense TTM 31.9m)
FCF Yield = 7.26% (FCF TTM 47.6m / Enterprise Value 655.8m)
FCF Margin = 29.06% (FCF TTM 47.6m / Revenue TTM 163.8m)
Net Margin = -75.34% (Net Income TTM -123.4m / Revenue TTM 163.8m)
Gross Margin = 60.54% ((Revenue TTM 163.8m - Cost of Revenue TTM 64.6m) / Revenue TTM)
Gross Margin QoQ = 58.11% (prev 61.47%)
Tobins Q-Ratio = 0.61 (Enterprise Value 655.8m / Total Assets 1.07b)
Interest Expense / Debt = 1.70% (Interest Expense 6.84m / Debt 401.9m)
Taxrate = 46.57% (-7.97m / -17.1m)
NOPAT = -48.7m (EBIT -91.1m * (1 - 46.57%)) [loss with tax shield]
Current Ratio = 0.34 (Total Current Assets 62.3m / Total Current Liabilities 182.7m)
Debt / Equity = 0.66 (Debt 401.9m / totalStockholderEquity, last quarter 610.0m)
Debt / EBITDA = -11.05 (negative EBITDA) (Net Debt 380.6m / EBITDA -34.5m)
Debt / FCF = 8.00 (Net Debt 380.6m / FCF TTM 47.6m)
Total Stockholder Equity = 671.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.56% (Net Income -123.4m / Total Assets 1.07b)
RoE = -18.39% (Net Income TTM -123.4m / Total Stockholder Equity 671.2m)
RoCE = -9.55% (EBIT -91.1m / Capital Employed (Equity 671.2m + L.T.Debt 283.4m))
RoIC = -4.26% (negative operating profit) (NOPAT -48.7m / Invested Capital 1.14b)
WACC = 3.31% (E(275.3m)/V(677.2m) * Re(6.81%) + D(401.9m)/V(677.2m) * Rd(1.70%) * (1-Tc(0.47)))
Discount Rate = 6.81% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.53%
[DCF Debug] Terminal Value 77.09% ; FCFE base≈51.6m ; Y1≈47.7m ; Y5≈43.3m
Fair Price DCF = 19.27 (DCF Value 777.9m / Shares Outstanding 40.4m; 5y FCF grow -9.52% → 3.0% )
EPS Correlation: -59.26 | EPS CAGR: -34.59% | SUE: -0.03 | # QB: 0
Revenue Correlation: -50.31 | Revenue CAGR: -1.65% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.10 | Chg30d=-0.010 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.40 | Chg30d=-0.060 | Revisions Net=+1 | Growth EPS=+0.0% | Growth Revenue=+3.2%
P/E Forward = 384.6154
P/S = 1.6806
P/B = 0.5527
P/EG = -7.88
Beta = 1.609
Revenue TTM = 163.8m USD
EBIT TTM = -91.1m USD
EBITDA TTM = -34.5m USD
Long Term Debt = 283.4m USD (from longTermDebt, last quarter)
Short Term Debt = 145.5m USD (from shortTermDebt, last quarter)
Debt = 401.9m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 380.6m USD (from netDebt column, last quarter)
Enterprise Value = 655.8m USD (275.3m + Debt 401.9m - CCE 21.3m)
Interest Coverage Ratio = -2.86 (Ebit TTM -91.1m / Interest Expense TTM 31.9m)
FCF Yield = 7.26% (FCF TTM 47.6m / Enterprise Value 655.8m)
FCF Margin = 29.06% (FCF TTM 47.6m / Revenue TTM 163.8m)
Net Margin = -75.34% (Net Income TTM -123.4m / Revenue TTM 163.8m)
Gross Margin = 60.54% ((Revenue TTM 163.8m - Cost of Revenue TTM 64.6m) / Revenue TTM)
Gross Margin QoQ = 58.11% (prev 61.47%)
Tobins Q-Ratio = 0.61 (Enterprise Value 655.8m / Total Assets 1.07b)
Interest Expense / Debt = 1.70% (Interest Expense 6.84m / Debt 401.9m)
Taxrate = 46.57% (-7.97m / -17.1m)
NOPAT = -48.7m (EBIT -91.1m * (1 - 46.57%)) [loss with tax shield]
Current Ratio = 0.34 (Total Current Assets 62.3m / Total Current Liabilities 182.7m)
Debt / Equity = 0.66 (Debt 401.9m / totalStockholderEquity, last quarter 610.0m)
Debt / EBITDA = -11.05 (negative EBITDA) (Net Debt 380.6m / EBITDA -34.5m)
Debt / FCF = 8.00 (Net Debt 380.6m / FCF TTM 47.6m)
Total Stockholder Equity = 671.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -11.56% (Net Income -123.4m / Total Assets 1.07b)
RoE = -18.39% (Net Income TTM -123.4m / Total Stockholder Equity 671.2m)
RoCE = -9.55% (EBIT -91.1m / Capital Employed (Equity 671.2m + L.T.Debt 283.4m))
RoIC = -4.26% (negative operating profit) (NOPAT -48.7m / Invested Capital 1.14b)
WACC = 3.31% (E(275.3m)/V(677.2m) * Re(6.81%) + D(401.9m)/V(677.2m) * Rd(1.70%) * (1-Tc(0.47)))
Discount Rate = 6.81% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 0.53%
[DCF Debug] Terminal Value 77.09% ; FCFE base≈51.6m ; Y1≈47.7m ; Y5≈43.3m
Fair Price DCF = 19.27 (DCF Value 777.9m / Shares Outstanding 40.4m; 5y FCF grow -9.52% → 3.0% )
EPS Correlation: -59.26 | EPS CAGR: -34.59% | SUE: -0.03 | # QB: 0
Revenue Correlation: -50.31 | Revenue CAGR: -1.65% | SUE: -4.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.10 | Chg30d=-0.010 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.40 | Chg30d=-0.060 | Revisions Net=+1 | Growth EPS=+0.0% | Growth Revenue=+3.2%
Additional Sources for CIO Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle