Latest news with #CityOfficeREIT
Yahoo
01-04-2025
- Business
- Yahoo
City Office REIT Announces First Quarter 2025 Earnings Release and Conference Call
VANCOUVER, April 1, 2025 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today it will release its financial results for the quarter ended March 31, 2025, before the market opens on Friday, May 2, 2025. City Office's management will hold a conference call at 11:00 am Eastern Time on May 2, 2025 to discuss the Company's financial results. Additionally, a supplemental financial package to accompany the discussion of the results will be posted on Webcast Click on the webcast link under the "Investor Relations" section of the Company's website at Telephone Conference Call Domestic: 1-833-470-1428International: 1-404-975-4839Passcode: 926092 Please dial in at least 10 minutes before the scheduled start time. Conference Call Replay Domestic: 1-866-813-9403International: 1-929-458-6194Passcode: 647190 A replay of the call will be available later in the day on May 2, 2025, continuing through July 31, 2025. A replay will also be available at "Webcasts & Events" in the "Investor Relations" section of the Company's website. About City Office REIT, Inc. City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 5.4 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. Contact City Office REIT, Maretic, CFO+1-604-806-3366investorrelations@ View original content to download multimedia: SOURCE City Office REIT, Inc. Sign in to access your portfolio
Yahoo
27-03-2025
- Business
- Yahoo
How Much Would It Take To Earn $100 A Month From City Office REIT Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. City Office REIT (NYSE:CIO) is an internally managed real estate company focused on acquiring, owning and operating high-quality office properties located predominantly in Sun Belt markets. It will report its Q1 2025 earnings on May 2. Wall Street analysts expect the company to post EPS of $0.28, down from $0.33 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $42.79 million, up from $44.49 million a year earlier. Don't Miss: Inspired by Uber and Airbnb – Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets – This platform is reshaping how you invest in private companies — . The 52-week range of City Office REIT stock price was $4.29 to $6.50. City Office REIT's dividend yield is 7.91%. It paid $0.40 per share in dividends during the last 12 months. On Feb. 20, the company announced its Q4 2024 earnings, posting FFO of $0.28, beating the consensus estimate of $0.27, while revenues of $41.92 million missed the consensus of $42.70 million, as reported by Benzinga. '2024 represented a fundamental positive shift for the office sector,' CEO James Farrar said. 'Strong leasing momentum continued into the fourth quarter across our portfolio. With a healthy 205,000 square feet of new and renewal leases signed during the quarter, portfolio occupancy increased to 85.4% (or 87.6% including signed leases not yet occupied). This represented a 2.0% occupancy increase over the prior quarter." Trending: BlackRock is calling 2025 the year of alternative assets. If you want to make $100 per month — $1,200 annually — from City Office REIT dividends, your investment value needs to be approximately $15,171, which is 2,998 shares at $5.06 each. Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (7.91% in this case). So, $1,200 / 0.0791 = $15,171 to generate an income of $100 per month. You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock. The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40). In summary, income-focused investors may find City Office REIT stock an attractive option for making a steady income of $100 per month by owning 2,998 shares of stock. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: This startup is on the brink of a huge disruption to a $654 billion industry – . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – This article How Much Would It Take To Earn $100 A Month From City Office REIT Stock originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
