Financial Snapshot

Revenue
$173.5M
TTM
Gross Margin
59.4%
TTM
Net Earnings
-$11.50M
TTM
Current Assets
$78.82M
Q3 2024
Current Liabilities
$47.95M
Q3 2024
Current Ratio
164.37%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$747.6M
Q3 2024
Cash
Q3 2024
P/E
-19.73
Nov 29, 2024 EST
Free Cash Flow
$28.52M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $179.1M $180.5M $164.0M $160.8M $156.3M $129.5M $106.5M $72.46M $55.05M $36.90M $20.50M $11.50M $9.200M
YoY Change -0.77% 10.02% 2.02% 2.88% 20.71% 21.6% 46.96% 31.62% 49.21% 79.98% 78.26% 25.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Revenue $179.1M $180.5M $164.0M $160.8M $156.3M $129.5M $106.5M $72.46M $55.05M $36.90M $20.50M $11.50M $9.200M
Cost Of Revenue $70.00M $67.74M $58.01M $58.30M $57.30M $49.90M $42.90M $28.40M $21.70M $15.00M $8.500M $6.000M $3.400M
Gross Profit $109.1M $112.7M $106.0M $102.5M $99.00M $79.60M $63.60M $44.00M $33.30M $21.90M $12.00M $5.500M $5.700M
Gross Profit Margin 60.92% 62.47% 64.64% 63.74% 63.34% 61.47% 59.73% 60.72% 60.49% 59.36% 58.54% 47.83% 61.96%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Selling, General & Admin $14.84M $13.78M $15.49M $10.70M $11.10M $8.100M $6.800M $13.50M $4.200M $2.400M $0.00 $0.00 $700.0K
YoY Change 7.68% -11.02% 44.76% -3.6% 37.04% 19.12% -49.63% 221.43% 75.0% -100.0%
% of Gross Profit 13.6% 12.22% 14.61% 10.44% 11.21% 10.18% 10.69% 30.68% 12.61% 10.96% 0.0% 0.0% 12.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.99M $62.50M $57.32M $60.37M $59.16M $52.35M $41.59M $30.18M $21.62M $14.73M $7.780M $3.960M $3.130M
YoY Change 0.79% 9.03% -5.06% 2.05% 13.01% 25.87% 37.81% 39.59% 46.78% 89.33% 96.46% 26.52%
% of Gross Profit 57.73% 55.43% 54.05% 58.9% 59.76% 65.77% 65.39% 68.59% 64.92% 67.26% 64.83% 72.0% 54.91%
Operating Expenses $147.8M $157.5M $72.81M $71.10M $127.5M $113.9M $91.27M $72.76M $50.53M $34.28M $7.700M $4.000M $4.200M
YoY Change -6.12% 116.27% 2.4% -44.25% 12.02% 24.75% 25.45% 44.0% 47.38% 345.21% 92.5% -4.76%
Operating Profit $31.27M $23.03M $33.23M $31.40M $28.76M $15.63M $15.22M -$297.0K $4.527M $2.615M $4.300M $1.500M $1.500M
YoY Change 35.81% -30.71% 5.83% 9.19% 84.03% 2.7% -5222.9% -106.56% 73.12% -39.19% 186.67% 0.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Interest Expense $33.17M $27.00M -$24.60M -$27.70M $29.73M $23.94M $20.17M $14.76M $11.35M $7.854M -$5.000M -$3.200M -$2.200M
YoY Change 22.85% -209.76% -11.19% -193.18% 24.18% 18.66% 36.66% 30.02% 44.55% -257.08% 56.25% 45.45%
% of Operating Profit 106.08% 117.27% -74.03% -88.22% 103.37% 153.19% 132.59% 250.78% 300.34% -116.28% -213.33% -146.67%
Other Income/Expense, Net $0.00 $0.00 -$2.000M $0.00
YoY Change -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Pretax Income -$2.035M $17.68M $485.3M $5.100M $2.400M $38.70M $9.200M $400.0K -$7.700M -$4.900M -$4.200M -$1.900M -$700.0K
YoY Change -111.51% -96.36% 9415.31% 112.5% -93.8% 320.65% 2200.0% -105.19% 57.14% 16.67% 121.05% 171.43%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$2.682M $16.99M $484.4M $4.500M $1.798M $38.17M $5.756M -$843.0K -$6.591M -$1.973M -$4.100M -$1.600M -$600.0K
YoY Change -115.79% -96.49% 10664.33% 150.28% -95.29% 563.1% -782.8% -87.21% 234.06% -51.88% 156.25% 166.67%
Net Earnings / Revenue -1.5% 9.41% 295.29% 2.8% 1.15% 29.48% 5.41% -1.16% -11.97% -5.35% -20.0% -13.91% -6.52%
Basic Earnings Per Share -$0.25 $0.23 $10.97 -$0.06 -$0.13 $0.82 -$0.05 -$0.13
Diluted Earnings Per Share -$0.25 $0.22 $10.97M $95.34K -$0.13 $0.82 -$0.05 -$0.13 -$532.3K -$352.9K -$460.7K -$179.8K -$67.42K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Cash & Short-Term Investments $30.08M $28.19M $21.32M $25.30M $70.10M $16.10M $12.30M $13.70M $8.100M $34.90M $7.100M $3.100M $1.500M
YoY Change 6.72% 32.2% -15.73% -63.91% 335.4% 30.89% -10.22% 69.14% -76.79% 391.55% 129.03% 106.67%
Cash & Equivalents $30.08M $28.19M $21.32M $25.30M $70.10M $16.10M $12.30M $13.70M $8.100M $34.90M $7.100M $3.100M $1.500M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $83.54M $72.62M $51.74M $58.30M $102.2M $42.20M $32.40M $31.00M $22.50M $42.90M $11.80M $5.400M $6.500M
YoY Change 15.04% 40.36% -11.26% -42.95% 142.18% 30.25% 4.52% 37.78% -47.55% 263.56% 118.52% -16.92%
Property, Plant & Equipment $1.345B $1.393B $1.427B $968.4M $1.021B $935.2M $728.1M $550.3M $354.9M $211.8M $100.1M $42.20M $28.70M
YoY Change -3.43% -2.35% 47.34% -5.11% 9.12% 28.44% 32.31% 55.06% 67.56% 111.59% 137.2% 47.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $4.300M $4.900M $5.800M
YoY Change -100.0% -12.24% -15.52%
Other Assets $34.36M $38.06M $41.27M $83.50M $34.30M $44.80M $68.90M $21.40M $20.30M $16.60M $12.70M $4.100M $1.700M
YoY Change -9.74% -7.77% -50.57% 143.44% -23.44% -34.98% 221.96% 5.42% 22.29% 30.71% 209.76% 141.18%
Total Long-Term Assets $1.428B $1.502B $1.550B $1.099B $1.126B $1.058B $864.1M $630.5M $417.7M $258.6M $131.2M $55.60M $39.90M
YoY Change -4.93% -3.09% 41.02% -2.42% 6.44% 22.46% 37.05% 50.95% 61.52% 97.1% 135.97% 39.35%
Total Assets $1.511B $1.574B $1.602B $1.157B $1.229B $1.100B $896.5M $661.5M $440.2M $301.5M $143.0M $61.00M $46.40M
YoY Change
Accounts Payable $29.07M $35.75M $27.10M $25.40M $28.80M $25.90M $17.60M $13.00M $8.700M $4.100M $2.300M $600.0K $300.0K
YoY Change -18.69% 31.93% 6.7% -11.81% 11.2% 47.16% 35.38% 49.43% 112.2% 78.26% 283.33% 100.0%
Accrued Expenses $8.550M $8.802M $9.160M $7.700M $8.000M
YoY Change -2.86% -3.91% 18.96% -3.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $7.000K
YoY Change
Total Short-Term Liabilities $37.63M $44.56M $36.26M $33.10M $36.80M $25.90M $17.60M $13.00M $8.700M $4.100M $2.300M $600.0K $300.0K
YoY Change -15.55% 22.87% 9.55% -10.05% 42.08% 47.16% 35.38% 49.43% 112.2% 78.26% 283.33% 100.0%
Long-Term Debt $671.1M $700.2M $664.0M $677.3M $607.3M $645.4M $489.5M $370.1M $341.3M $189.9M $109.9M $53.30M $26.90M
YoY Change -4.16% 5.45% -1.97% 11.53% -5.9% 31.85% 32.26% 8.44% 79.73% 72.79% 106.19% 98.14%
Other Long-Term Liabilities $30.06M $26.56M $30.70M $29.00M $35.20M $30.80M $29.50M $22.40M $16.50M $16.30M $3.000M $1.200M $700.0K
YoY Change 13.2% -13.5% 5.87% -17.61% 14.29% 4.41% 31.7% 35.76% 1.23% 443.33% 150.0% 71.43%
Total Long-Term Liabilities $701.1M $726.7M $694.7M $706.3M $642.5M $676.2M $519.0M $392.5M $357.8M $206.2M $112.9M $54.50M $27.60M
YoY Change -3.52% 4.61% -1.65% 9.93% -4.98% 30.29% 32.23% 9.7% 73.52% 82.64% 107.16% 97.46%
Total Liabilities $739.1M $771.6M $731.9M $740.4M $680.5M $703.0M $536.9M $407.3M $374.4M $221.4M $116.4M $54.90M $29.50M
YoY Change -4.21% 5.43% -1.15% 8.8% -3.2% 30.94% 31.82% 8.79% 69.11% 90.21% 112.02% 86.1%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Basic Shares Outstanding 39.92M 42.05M 43.50M 47.22M 44.00M 37.32M 30.20M 20.46M shares
Diluted Shares Outstanding 39.92M 42.87M 44.15M 47.22M 44.00M 37.67M 30.20M 20.46M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $226.87 Million

About City Office REIT, Inc.

City Office REIT, Inc. is a real estate investment trust. The company is headquartered in Vancouver, British Columbia and currently employs 20 full-time employees. The company went IPO on 2014-04-15. The firm is focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. The firm owns around 23 properties comprised of 56 office buildings with a total of approximately 5.6 million square feet of net rentable area (NRA) in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa. The firm's properties include 2525 McKinnon, The Terraces, Circle Point, Denver Tech, Superior Pointe, 1101 Greenwood, Fairwinds Tower, Florida Research Park, 5090 North 40th Street, Block 23, Papago Tech, Pima Center, San Tan, The Quad, The Square, AmberGlen, Bloc 83, Mission City, Canyon Park Commons, Carillon Point, City Center, Intellicenter, and Park Tower.

Industry: Real Estate Investment Trusts Peers: