City Office REIT: An AFFO Bridge Too Far [Seeking Alpha]
City Office REIT, Inc. (CIO)
NASDAQ:AMEX Investor Relations:
cityofficereit.com
Company Research
Source: Seeking Alpha
City Office REIT: An AFFO Bridge Too FarSummaryCity Office REIT is a small, Canadian-based REIT that specializes by “owning and operating high-quality office properties located primarily in metropolitan areas in the Southern and Western U.S."From Q2-2016, CIO has operated in a position that is unsustainable over the long term, that is, its dividend payouts are greater than its Adjusted Funds From Operations (AFFO).In the Q1-18 Investor Presentation, CIO’s management asserted that CIO will achieve neutrality by Q4-2018, where dividends will equal AFFO.This work puts that assertion to the test. My calculations and thoughts follow.
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CIO
News
- City Office REIT, Inc. (NYSE: CIO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- City Office REIT Announces First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- City Office REIT Announces First Quarter 2024 Earnings Release and Conference CallPR Newswire
- City Office REIT, Inc. (NYSE: CIO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- City Office REIT, Inc. (NYSE: CIO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
CIO
Earnings
- 2/22/24 - Miss
CIO
Sec Filings
- 3/28/24 - Form S-3
- 3/21/24 - Form 4
- 3/13/24 - Form ARS
- CIO's page on the SEC website