CIO - City Office REIT, Inc.
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$15.00
DETAILS
HIGH:
$15.00
LOW:
$15.00
MEDIAN:
$15.00
CONSENSUS:
$15.00
UPSIDE:
114.59%
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 171.1 | 179.1 | 180.5 | 164.0 | 160.8 | 156.3 | 129.5 | 106.5 | 72.5 | 55.1 | 36.9 | 20.5 | 11.5 | 9.2 |
| Cost of Revenue | 69.5 | 70.0 | 67.7 | 58.0 | 58.3 | 57.3 | 49.9 | 42.9 | 28.3 | 20.4 | 14.3 | 6.0 | 4.1 | 3.1 |
| Gross Profit | 101.7 | 109.1 | 112.7 | 106.0 | 102.5 | 99.0 | 79.6 | 63.6 | 44.2 | 34.6 | 22.6 | 14.5 | 7.4 | 6.1 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 15.2 | 14.8 | 13.8 | 15.5 | 10.7 | 11.1 | 8.1 | 6.8 | 6.5 | 5.0 | 3.1 | 1.1 | 1.0 | 0.7 |
| Other Expenses | 67.8 | 63.0 | 62.5 | 57.3 | 60.4 | 59.2 | 52.4 | 41.6 | 30.2 | 21.6 | 14.7 | 9.2 | 4.9 | 3.8 |
| Operating Expenses | 83.0 | 77.8 | 76.3 | 72.8 | 71.1 | 70.2 | 60.5 | 48.4 | 36.7 | 26.7 | 17.8 | 10.2 | 5.9 | 4.5 |
| Operating Income | ||||||||||||||
| Operating Income | 18.7 | 31.3 | 35.3 | 33.2 | 31.5 | 28.8 | 15.6 | 15.2 | (0.3) | 4.5 | 2.6 | 2.8 | 1.3 | 1.6 |
| Interest Expense | 33.0 | 31.9 | 25.8 | 23.3 | 26.4 | 28.4 | 0 | 0 | 0 | 0 | 0 | 5.4 | 0 | 2.2 |
| Interest Income | 0 | (1.3) | 27.0 | 24.6 | 27.7 | 29.7 | 23.9 | 20.2 | 14.8 | 11.4 | 9.3 | 0.0 | 3.7 | 0 |
| Profitability | ||||||||||||||
| EBITDA | 75.2 | 92.8 | 97.7 | 90.5 | 91.8 | 87.9 | 68.0 | 56.8 | 29.9 | 26.2 | 17.3 | 8.6 | 5.1 | 4.7 |
| EBIT | 15.8 | 29.8 | 43.5 | 33.2 | 31.5 | 30.8 | 61.0 | 27.9 | 14.2 | 2.9 | 2.9 | 0.9 | 1.2 | 1.5 |
| Income Before Tax | (17.1) | (2.0) | 17.7 | 485.3 | 5.1 | 2.4 | 38.7 | 9.2 | 0.4 | (7.7) | (4.9) | (4.2) | (1.9) | (0.7) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | (1.6) | 0.5 | 0 |
| Net Income | (17.7) | (2.7) | 25.2 | 484.4 | (21.8) | (26.6) | 38.2 | 5.8 | (0.8) | (6.6) | (3.0) | (4.1) | (1.6) | (0.6) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | -0.63 | -0.25 | 0.60 | 10.97 | -0.46 | -0.60 | 1.02 | -0.05 | -0.04 | -0.53 | -0.36 | -0.54 | -0.20 | -0.08 |
| EPS (Diluted) | -0.63 | -0.25 | 0.59 | 10.80 | -0.46 | -0.60 | 1.01 | -0.05 | -0.04 | -0.53 | -0.36 | -0.52 | -0.20 | -0.08 |
| Shares Outstanding | 40.1 | 39.9 | 42.1 | 43.5 | 47.2 | 44.0 | 37.3 | 30.2 | 20.2 | 12.4 | 8.5 | 7.7 | 8.0 | 8.0 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 18.9 | 30.1 | 28.2 | 21.3 | 25.3 | 70.1 | 16.1 | 12.3 | 13.7 | 8.1 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 52.3 | 53.5 | 44.4 | 30.4 | 33.0 | 32.1 | 26.1 | 20.1 | 17.3 | 14.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 27.7 | 13.3 | 16.1 | 20.9 | 66.7 | 21.9 | 34.4 | 61.1 | 15.9 | 15.2 |
| Total Current Assets | 98.9 | 96.8 | 88.7 | 72.7 | 125.0 | 124.1 | 79.4 | 95.5 | 49.5 | 39.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 0 | 12.6 | 12.9 | 14.1 | 12.7 | 13.1 | 935.2 | 728.1 | 550.3 | 354.9 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 34.6 | 42.4 | 55.4 | 68.9 | 44.1 | 67.5 | 75.5 | 65.1 | 56.2 | 41.0 |
| Long-Term Investments | 0 | 1.6 | 2.7 | (1,601.5) | (1,157.3) | 0.7 | (2,035.6) | (896.5) | (661.5) | 0 |
| Other Non-Current Assets | 1,322.2 | 1,357.9 | 1,430.3 | 1,445.8 | 975.4 | 1,036.8 | 945.6 | 7.8 | 5.4 | 8.5 |
| Total Non-Current Assets | 1,356.8 | 1,414.5 | 1,485.7 | 1,528.8 | 1,032.3 | 1,104.3 | 1,021.1 | 800.9 | 612.0 | 404.3 |
| Total Assets | 1,455.7 | 1,511.4 | 1,574.4 | 1,601.5 | 1,157.3 | 1,228.5 | 1,100.4 | 896.5 | 661.5 | 443.6 |
| Current Liabilities | ||||||||||
| Account Payables | 0 | 0 | 0 | 27.1 | 25.4 | 28.8 | 25.9 | 17.6 | 13.0 | 8.7 |
| Short-Term Debt | 255 | 107.7 | 200.5 | 0 | 75 | 0 | 4.8 | 0 | 3.9 | 0 |
| Deferred Revenue | 14.3 | 0 | 9.1 | 11.6 | 7.3 | 6.6 | 5.3 | 4.2 | 5.6 | 2.7 |
| Other Current Liabilities | 36.7 | 0 | (200.5) | 142 | 0.5 | 0.1 | 2.7 | 2.8 | (9.4) | 52.2 |
| Total Current Liabilities | 306.0 | 137.4 | 44.9 | 38.7 | 108.2 | 35.4 | 43.2 | 35.0 | 26.1 | 15.1 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 392.0 | 561.8 | 690.1 | 653.6 | 602.2 | 607.2 | 645.4 | 489.5 | 317.6 | 341.3 |
| Deferred Tax Liabilities | 0 | 0 | 20.9 | (6.2) | (12.1) | (12.3) | (9.9) | (7.7) | (8.2) | (4.8) |
| Other Non-Current Liabilities | 23.2 | 39.5 | 36.3 | 27.4 | 97.9 | 28.5 | (5.3) | 3.5 | 54.9 | 10.5 |
| Total Non-Current Liabilities | 415.2 | 601.3 | 726.4 | 692.2 | 631.2 | 643.9 | 658.8 | 501.7 | 379.4 | 354.8 |
| Total Liabilities | 721.1 | 738.7 | 771.3 | 730.9 | 739.4 | 679.3 | 702.1 | 536.7 | 405.4 | 369.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.2 | 0.1 |
| Retained Earnings | 179.8 | 221.2 | 251.5 | 275.5 | (173.0) | (142.4) | (92.1) | (87.0) | (53.6) | (29.6) |
| Accumulated Other Comprehensive Income | (0.7) | (0.2) | 2.7 | (0.4) | (2.0) | 0.7 | 398.4 | (48.2) | (39.1) | (26.9) |
| Total Stockholders' Equity | 733.9 | 772.2 | 802.8 | 869.6 | 416.9 | 548.0 | 397.4 | 359.6 | 254.2 | 65.8 |
| Total Liabilities & Equity | 1,455.7 | 1,511.4 | 1,574.4 | 1,601.5 | 1,157.3 | 1,228.5 | 1,100.4 | 896.5 | 661.5 | 443.6 |
| Debt Metrics | ||||||||||
| Total Debt | 647.0 | 669.5 | 890.6 | 653.6 | 677.2 | 607.2 | 645.4 | 489.5 | 370.1 | 344.7 |
| Net Debt | 628.1 | 639.4 | 862.4 | 632.3 | 651.9 | 537.1 | 629.2 | 477.2 | 356.4 | 336.5 |
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (17.1) | (2.0) | 17.0 | 485.3 | 5.1 | 2.4 | 38.2 | 5.8 | (0.8) | (6.6) |
| Depreciation & Amortization | 59.3 | 63.0 | 62.6 | 57.3 | 60.4 | 59.2 | 52.2 | 41.3 | 30.5 | 22.0 |
| Stock-Based Compensation | 4.3 | 4.1 | 3.9 | 2.6 | 2.3 | 1.7 | 1.4 | 1.7 | 2.4 | 1.9 |
| Change in Working Capital | 1.7 | (2.6) | (6.0) | 3.5 | (4.5) | (6.5) | (1.6) | (1.6) | (4.3) | (4.5) |
| Other Non-Cash Items | 10.7 | (5.2) | 29.3 | 1.1 | (2.1) | (3.9) | (48.2) | (10.5) | (10.5) | (1.2) |
| Operating Cash Flow | 58.9 | 57.2 | 106.7 | 73.2 | 59.9 | 49.5 | 42.2 | 36.6 | 19.1 | 14.2 |
| Investing Activities | ||||||||||
| Capital Expenditure | 0 | 0 | (9.6) | (8.2) | (7.8) | (3.9) | (4.0) | (257.5) | (257.7) | (172.3) |
| Acquisitions | 0 | 0 | 0.2 | 0.3 | 0.1 | 0.1 | (0.8) | 0 | (246.4) | 0 |
| Purchases of Investments | 0 | 0 | (37.5) | (650.2) | (26.4) | (124.4) | (278.1) | (264.3) | (9.5) | (176.3) |
| Sales/Maturities of Investments | 0 | 0 | 46.9 | 641.0 | 6.3 | 46.4 | 84.8 | 17.0 | 43.0 | 0 |
| Other Investing Activities | (40.3) | (41.3) | (47.0) | (0.3) | (0.1) | (0.1) | (197.3) | 14.2 | 41.5 | (3.2) |
| Investing Cash Flow | (40.3) | (41.3) | (47.0) | (17.4) | (27.8) | (81.9) | (197.3) | (243.3) | (216.2) | (175.5) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (2.6) | 17.5 | 35.2 | (24.9) | 68.7 | (61.6) | 156.9 | 119.6 | 30.2 | 154.7 |
| Stock Repurchased | 0 | (1.6) | (50.1) | (0.2) | (100.4) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (23.5) | (31.3) | (41.4) | (33.5) | (41.2) | (48.2) | (42.2) | (36.3) | (20.8) | (14.4) |
| Other Financing Activities | (2.0) | (2.9) | (1.4) | (1.1) | (0.8) | (2.3) | (4.4) | (8.1) | (0.9) | (5.7) |
| Financing Cash Flow | (28.0) | (16.8) | (57.6) | (59.5) | (73.7) | 86.8 | 153.3 | 212.1 | 203.4 | 134.6 |
| Cash Position | ||||||||||
| Net Change in Cash | (9.4) | (0.9) | 2.0 | (3.7) | (41.6) | 54.4 | (1.9) | 5.4 | 21.5 | (26.7) |
| Cash at Beginning | 43.4 | 44.3 | 42.3 | 46.0 | 87.5 | 33.1 | 35.0 | 29.7 | 8.1 | 34.9 |
| Cash at End | 34.0 | 43.4 | 44.3 | 42.3 | 46.0 | 87.5 | 33.1 | 35.0 | 29.7 | 8.1 |
| Free Cash Flow | 58.9 | 57.2 | 97.1 | 65.0 | 52.1 | 45.6 | 38.1 | (220.9) | (238.5) | (158.1) |
| Key Metrics | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 171.1 | 179.1 | 180.5 | 164.0 | 160.8 | 156.3 | 129.5 | 106.5 | 72.5 | 55.1 | 36.9 | 20.5 | 11.5 | 9.2 |
| Gross Profit | 101.7 | 109.1 | 112.7 | 106.0 | 102.5 | 99.0 | 79.6 | 63.6 | 44.2 | 34.6 | 22.6 | 14.5 | 7.4 | 6.1 |
| Operating Income | 18.7 | 31.3 | 35.3 | 33.2 | 31.5 | 28.8 | 15.6 | 15.2 | (0.3) | 4.5 | 2.6 | 2.8 | 1.3 | 1.6 |
| Net Income | (17.7) | (2.7) | 25.2 | 484.4 | (21.8) | (26.6) | 38.2 | 5.8 | (0.8) | (6.6) | (3.0) | (4.1) | (1.6) | (0.6) |
| EPS (Diluted) | -0.63 | -0.25 | 0.59 | 10.80 | -0.46 | -0.60 | 1.01 | -0.05 | -0.04 | -0.53 | -0.36 | -0.52 | -0.20 | -0.08 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 18.9 | 30.1 | 28.2 | 21.3 | 25.3 | 70.1 | 16.1 | 12.3 | 13.7 | 8.1 | ||||
| Total Assets | 1,455.7 | 1,511.4 | 1,574.4 | 1,601.5 | 1,157.3 | 1,228.5 | 1,100.4 | 896.5 | 661.5 | 443.6 | ||||
| Total Debt | 647.0 | 669.5 | 890.6 | 653.6 | 677.2 | 607.2 | 645.4 | 489.5 | 370.1 | 344.7 | ||||
| Stockholders' Equity | 733.9 | 772.2 | 802.8 | 869.6 | 416.9 | 548.0 | 397.4 | 359.6 | 254.2 | 65.8 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 58.9 | 57.2 | 106.7 | 73.2 | 59.9 | 49.5 | 42.2 | 36.6 | 19.1 | 14.2 | ||||
| Capital Expenditure | 0 | 0 | (9.6) | (8.2) | (7.8) | (3.9) | (4.0) | (257.5) | (257.7) | (172.3) | ||||
| Free Cash Flow | 58.9 | 57.2 | 97.1 | 65.0 | 52.1 | 45.6 | 38.1 | (220.9) | (238.5) | (158.1) | ||||