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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.
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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.
The Latest On City Office REIT
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."
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How Can You Earn $100 Per Month As A City Office REIT Investor?
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.