NYSE$CIO

City Office REIT Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

City Office REIT reported third quarter results, highlighting revenue and earnings performance.

City Office REIT reported rental and other revenues of $45.5 million. GAAP net income attributable to common stockholders was approximately $0.1 million, or $0.00 per fully diluted share. Core FFO was approximately $16.5 million, or $0.39 per fully diluted share and AFFO was approximately $7.7 million, or $0.18 per fully diluted share.

  • Rental and other revenues were $45.5 million.
  • GAAP net income attributable to common stockholders was approximately $0.1 million, or $0.00 per fully diluted share
  • Core FFO was approximately $16.5 million, or $0.39 per fully diluted share.
  • AFFO was approximately $7.7 million, or $0.18 per fully diluted share.

Headline financials

Total Revenue

$45.5M

Previous: $44.9M+1.4%
EPS (adj)

$0.39

Previous: $0.32+21.9%
In-Place Occupancy

85.8%

Previous: 88.7%-3.3%
Net Income

$100K

Previous: $1.24M-92.0%
Operating Income

$9.05M

Previous: $7.16M+26.4%
Gross Profit

$45.5M

Previous: $44.9M+1.4%
Cash & Equivalents

$22M

Previous: $17.7M+24.4%
Total Assets

$1.58B

Previous: $1.15B+37.5%
Stock-Based Comp

$992K

Previous: $666K+48.9%

Revenue & EPS history

City Office · Revenue · Quarterly

$45.5M

Q3 2022+1.4%vs Q3 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

City Office REIT reiterated the components of full year 2022 guidance provided in the Company’s second quarter 2022 earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

-1.4%

Avg return

Earnings day

-3.9%

Avg return

5 days after

+0.4%

Avg return

30 days after

35%

15 / 43 earnings

Positive

+12.0%

Q1 2020

Best reaction

-13.1%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q3 2025+0.0%+0.3%+0.4%
Q2 2025+0.1%+0.7%+0.1%
Q1 2025-5.3%-6.7%-6.7%
Q4 2025+1.4%-2.2%-0.6%
Q3 2024-5.8%-2.2%+6.5%
Q2 2024-9.8%-10.6%-3.5%
Q1 2024+2.3%+0.6%+3.4%
Q4 2023-4.5%-11.6%+3.4%
Q3 2023+5.1%
Q2 2023-1.5%
Q1 2023-13.1%
Q4 2022-2.3%
Q3 2022-9.1%
Q2 2022-6.2%
Q1 2022-7.0%
Q4 2021-0.6%
Q3 2021-4.3%
Q2 2021+4.7%
Q1 2021-2.8%
Q4 2020-8.2%
Q3 2020-0.5%
Q2 2020+6.5%
Q1 2020+12.0%
Q4 2019-8.5%
Q3 2019-0.7%
Q2 2019+2.2%
Q1 2019+4.0%
Q4 2018-9.4%
Q3 2018-3.3%
Q2 2018-0.3%
Q1 2018+1.1%
Q4 2017+6.8%
Q3 2017-2.0%
Q2 2017-0.2%
Q1 2017+1.8%
Q4 2016-2.9%
Q3 2016+4.2%
Q2 2016-0.4%
Q1 2016+2.0%
Q4 2015-1.2%
Q3 2015-4.8%
Q2 2015+0.0%
Q1 2014+0.1%
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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