CIO / City Office REIT: Dividends Are Unsustainable, The 9.9% Yielding Preferred Shares Are The Way To Go

City Office REIT's equity should be avoided due to a debt-saturated balance sheet, negative outlook on interest costs, and unfavorable lease maturitie more_horizontal

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.35 per share, in line with the Zacks Consensus Estimate. This compare more_horizontal

Real estate stocks are forming the perfect storm. First, the pandemic greatly reduced society's desire to use various kinds of commercial real estate. more_horizontal

City Office REIT (CIO) faces challenges due to a high debt ratio, unfavorable lease maturities, and rising interest rate costs, making its equity a le more_horizontal

City Office REIT has recently cut the dividend on its common shares, and that's good news as the payout ratio will now drop below 100%. The preferred more_horizontal

An office REIT located in the promising sunbelt region. Unfortunately, with high lease expirations and low liquidity. more_horizontal

City Office REIT, Inc. (NYSE:CIO ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Tony Maretic - CFO, Treasurer & Corpo more_horizontal

City Office REIT (CIO) came out with quarterly funds from operations (FFO) of $0.37 per share, beating the Zacks Consensus Estimate of $0.36 per share more_horizontal