City Office REIT Inc reports results for the quarter ended June 30 - Earnings Summary

• City Office REIT Inc CIO.N reported a quarterly adjusted loss of $2.66​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of three analysts for the quarter was for a loss of 10 cents per share. Wall Street expected results to range from -11 cents to -10 cents per share.

• Revenue rose 0% to $42.34 million from a year ago; analysts expected $42.28 million.

• City Office REIT Inc's reported EPS for the quarter was a loss of $2.66​.

• The company reported a quarterly loss of $107.22 million.

• City Office REIT Inc shares had risen by 30.0% this quarter and gained 25.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the commercial reits peer group is also "hold"

• Wall Street's median 12-month price target for City Office REIT Inc is $7.00, about 0.9% above its last closing price of $6.94

This summary was machine generated from LSEG data August 1 at 04:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)