City Office REIT (CIO) Stock Forecast, Price Target & Predictions
CIO Stock Forecast
City Office REIT stock forecast is as follows: an average price target of $15.00 (represents a 192.97% upside from CIO’s last price of $5.12) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
CIO Price Target
The average price target for City Office REIT (CIO) is $15.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $15.00 to $15.00. This represents a potential 192.97% upside from CIO's last price of $5.12.
CIO Analyst Ratings
According to 2 Wall Street analysts, City Office REIT's rating consensus is 'Hold'. The analyst rating breakdown for CIO stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
City Office REIT Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 20, 2022 | - | Deutsche Bank | $15.00 | $13.27 | 13.04% | 192.97% |
The latest City Office REIT stock forecast, released on Jul 20, 2022 by Deutsche Bank company, set a price target of $15.00, which represents a 13.04% increase from the stock price at the time of the forecast ($13.27), and a 192.97% increase from CIO last price ($5.12).
City Office REIT Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $5.12 | $5.12 | $5.12 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of City Office REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to City Office REIT's last price of $5.12. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 20, 2022 | Deutsche Bank | Hold | Hold | Hold |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Downgrade |
City Office REIT's last stock rating was published by Deutsche Bank on Jul 20, 2022. The company gave CIO a "Hold" rating, the same as its previous rate.
City Office REIT Financial Forecast
City Office REIT Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $44.32M | $44.21M | $44.60M | $45.96M | $44.61M | $45.52M | $45.50M | $44.85M | $39.67M | $44.89M | $39.96M | $39.52M | $39.84M | $41.26M | $39.62M | $40.12M | $39.06M | $38.95M |
| Avg Forecast | $45.24M | $44.93M | $44.61M | $44.30M | $43.29M | $43.01M | $42.73M | $42.49M | $42.45M | $42.28M | $43.17M | $43.36M | $44.30M | $43.98M | $44.32M | $44.26M | $45.12M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| High Forecast | $45.98M | $45.66M | $45.34M | $45.02M | $43.99M | $43.71M | $43.43M | $42.94M | $43.21M | $42.40M | $43.17M | $44.06M | $45.00M | $44.47M | $45.04M | $44.98M | $45.86M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| Low Forecast | $44.38M | $44.07M | $43.76M | $43.45M | $42.46M | $42.19M | $41.91M | $42.04M | $41.71M | $42.17M | $43.17M | $42.53M | $43.61M | $43.11M | $43.47M | $43.41M | $44.26M | $44.57M | $44.31M | $43.26M | $40.96M | $41.14M | $38.82M | $39.02M | $40.28M | $39.81M | $39.44M | $39.72M | $40.28M | $39.42M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 1.01% | 1.04% | 0.99% | 1.02% | 1.03% | 1.04% | 0.97% | 1.09% | 1.03% | 1.01% | 0.99% | 1.04% | 1.00% | 1.01% | 0.97% | 0.99% |
City Office REIT's average Quarter revenue forecast for Mar 24 based on 1 analysts is $43.36M, with a low forecast of $42.53M, and a high forecast of $44.06M. CIO's average Quarter revenue forecast represents a -2.17% decrease compared to the company's last Quarter revenue of $44.32M (Dec 23).
City Office REIT EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-36.76M | $23.04M | $23.69M | $24.47M | $24.10M | $24.30M | $24.76M | $24.66M | $451.80M | $21.45M | $22.25M | $69.47M | $22.11M | $24.70M | $22.32M | $22.14M | $24.32M | $21.30M |
| Avg Forecast | $24.62M | $24.45M | $24.28M | $24.11M | $23.56M | $23.41M | $23.26M | $23.12M | $23.11M | $23.01M | $23.50M | $23.60M | $24.11M | $23.94M | $24.12M | $24.09M | $24.56M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $22.46M | $21.92M | $21.46M |
| High Forecast | $25.03M | $24.85M | $24.68M | $24.50M | $23.94M | $23.79M | $23.64M | $23.37M | $23.51M | $23.07M | $23.50M | $23.98M | $24.49M | $24.21M | $24.51M | $24.48M | $24.96M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $26.96M | $21.92M | $21.46M |
| Low Forecast | $24.15M | $23.98M | $23.81M | $23.65M | $23.11M | $22.96M | $22.81M | $22.88M | $22.70M | $22.95M | $23.50M | $23.15M | $23.74M | $23.46M | $23.66M | $23.63M | $24.09M | $24.26M | $24.12M | $23.54M | $22.29M | $22.39M | $21.13M | $21.23M | $21.92M | $21.66M | $21.47M | $17.97M | $21.92M | $21.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -1.52% | 0.96% | 0.98% | 1.02% | 0.98% | 1.00% | 1.03% | 1.05% | 20.27% | 0.96% | 1.05% | 3.27% | 1.01% | 1.14% | 1.04% | 0.99% | 1.11% | 0.99% |
2 analysts predict CIO's average Quarter EBITDA for Dec 23 to be $24.11M, with a high of $24.49M and a low of $23.74M. This is 4.65% upper than City Office REIT's previous annual EBITDA (Sep 23) of $23.04M.
City Office REIT Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $10.06M | $-1.90M | $-2.54M | $-19.44M | $-11.90M | $1.99M | $2.90M | $46.18M | $427.44M | $866.00K | $1.66M | $48.82M | $373.00K | $2.89M | $444.00K | $824.00K | $2.84M | $-1.11M |
| Avg Forecast | $-3.61M | $-3.61M | $-4.02M | $-4.02M | $-4.82M | $-4.68M | $-4.68M | $-4.82M | $-4.82M | $-4.82M | $-3.41M | $-5.22M | $-2.21M | $-2.81M | $-1.81M | $-1.74M | $70.60B | $-321.71K | $1.29M | $132.59B | $380.66M | $341.75K | $-1.23M | $1.26B | $-1.67M | $-602.31K | $-1.41M | $824.00K | $-1.64M | $-2.81M |
| High Forecast | $-3.52M | $-3.52M | $-3.92M | $-3.92M | $-4.70M | $-4.57M | $-4.57M | $-4.64M | $-4.64M | $-4.70M | $-3.33M | $-5.09M | $-2.15M | $-2.74M | $-1.76M | $-1.70M | $84.71B | $-321.71K | $1.29M | $159.11B | $380.66M | $341.75K | $-1.23M | $1.52B | $-1.67M | $-602.31K | $-1.41M | $988.80K | $-1.64M | $-2.81M |
| Low Forecast | $-3.69M | $-3.69M | $-4.10M | $-4.10M | $-4.92M | $-4.78M | $-4.78M | $-5.00M | $-4.92M | $-4.92M | $-3.49M | $-5.33M | $-2.26M | $-2.87M | $-1.85M | $-1.78M | $56.48B | $-321.71K | $1.29M | $106.07B | $380.66M | $341.75K | $-1.23M | $1.01B | $-1.67M | $-602.31K | $-1.41M | $659.20K | $-1.64M | $-2.81M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -4.56% | 0.68% | 1.40% | 11.17% | -0.00% | -6.18% | 2.24% | 0.00% | 1.12% | 2.53% | -1.35% | 0.04% | -0.22% | -4.79% | -0.32% | 1.00% | -1.73% | 0.40% |
City Office REIT's average Quarter net income forecast for Mar 24 is $-5.22M, with a range of $-5.33M to $-5.09M. CIO's average Quarter net income forecast represents a -151.87% decrease compared to the company's last Quarter net income of $10.06M (Dec 23).
City Office REIT SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $3.88M | $3.53M | $3.67M | $3.77M | $3.21M | $3.51M | $3.61M | $3.46M | $1.72M | $7.90M | $3.07M | $2.80M | $2.67M | $2.55M | $2.70M | $2.78M | $2.63M | $2.77M |
| Avg Forecast | $3.54M | $3.51M | $3.49M | $3.46M | $3.38M | $3.36M | $3.34M | $3.32M | $3.32M | $3.31M | $3.38M | $3.39M | $3.46M | $3.44M | $3.46M | $3.46M | $3.53M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $17.74M | $3.15M | $3.08M |
| High Forecast | $3.59M | $3.57M | $3.54M | $3.52M | $3.44M | $3.42M | $3.40M | $3.36M | $3.38M | $3.31M | $3.38M | $3.45M | $3.52M | $3.48M | $3.52M | $3.52M | $3.59M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $21.28M | $3.15M | $3.08M |
| Low Forecast | $3.47M | $3.45M | $3.42M | $3.40M | $3.32M | $3.30M | $3.28M | $3.29M | $3.26M | $3.30M | $3.38M | $3.32M | $3.41M | $3.37M | $3.40M | $3.39M | $3.46M | $3.48M | $3.46M | $3.38M | $3.20M | $3.22M | $3.04M | $3.05M | $3.15M | $3.11M | $3.08M | $14.19M | $3.15M | $3.08M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.12% | 1.03% | 1.06% | 1.09% | 0.91% | 1.01% | 1.04% | 1.02% | 0.54% | 2.46% | 1.01% | 0.92% | 0.85% | 0.82% | 0.87% | 0.16% | 0.84% | 0.90% |
City Office REIT's average Quarter SG&A projection for Mar 24 is $3.39M, based on 1 Wall Street analysts, with a range of $3.32M to $3.45M. The forecast indicates a -12.56% fall compared to CIO last annual SG&A of $3.88M (Dec 23).
City Office REIT EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 8 | 9 | 12 | 7 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.25 | $-0.05 | $-0.06 | $-0.49 | $-0.30 | - | $0.02 | $1.06 | $9.81 | $-0.02 | $-0.00 | $1.08 | $0.01 | $0.07 | $-0.03 | $-0.02 | $0.02 | $-0.07 |
| Avg Forecast | $-0.09 | $-0.09 | $-0.10 | $-0.10 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.09 | $-0.13 | $-0.06 | $-0.07 | $-0.04 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| High Forecast | $-0.09 | $-0.09 | $-0.10 | $-0.10 | $-0.12 | $-0.11 | $-0.11 | $-0.12 | $-0.12 | $-0.12 | $-0.08 | $-0.13 | $-0.05 | $-0.07 | $-0.04 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| Low Forecast | $-0.09 | $-0.09 | $-0.10 | $-0.10 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.12 | $-0.09 | $-0.13 | $-0.06 | $-0.07 | $-0.05 | $-0.04 | $-0.05 | $-0.01 | $0.03 | $0.05 | $9.48 | $0.01 | $-0.03 | $0.31 | $-0.04 | $-0.01 | $-0.04 | $-0.02 | $-0.04 | $-0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -4.55% | 0.68% | 1.41% | 11.31% | 6.00% | -0.40% | 0.62% | 19.67% | 1.03% | -2.35% | 0.14% | 3.48% | -0.21% | -4.65% | 0.86% | 0.86% | -0.49% | 1.00% |
According to 1 Wall Street analysts, City Office REIT's projected average Quarter EPS for Mar 24 is $-0.13, with a low estimate of $-0.13 and a high estimate of $-0.13. This represents a -152.00% decrease compared to CIO previous annual EPS of $0.25 (Dec 23).
City Office REIT Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CMCT | Creative Media & Community Trust | $0.38 | $4.00 | 952.63% | Buy |
| HPP | Hudson Pacific Properties | $4.25 | $13.76 | 223.76% | Hold |
| CIO | City Office REIT | $5.12 | $15.00 | 192.97% | Hold |
| PDM | Piedmont Office Realty Trust | $10.01 | $15.50 | 54.85% | - |
| BDN | Brandywine Realty Trust | $5.18 | $7.88 | 52.12% | Hold |
| KRC | Kilroy Realty | $39.28 | $59.00 | 50.20% | Buy |
| DEI | Douglas Emmett | $18.00 | $22.67 | 25.94% | Hold |
| CUZ | Cousins Properties | $30.82 | $31.29 | 1.52% | Buy |
| HIW | Highwoods Properties | $33.04 | $33.25 | 0.64% | Hold |
CIO Forecast FAQ
Is City Office REIT a good buy?
No, according to 2 Wall Street analysts, City Office REIT (CIO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of CIO's total ratings.
What is CIO's price target?
City Office REIT (CIO) average price target is $15 with a range of $15 to $15, implying a 192.97% from its last price of $5.12. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will City Office REIT stock go up soon?
According to Wall Street analysts' prediction for CIO stock, the company can go up by 192.97% (from the last price of $5.12 to the average price target of $15), up by 192.97% based on the highest stock price target, and up by 192.97% based on the lowest stock price target.
Can City Office REIT stock reach $8?
CIO's average twelve months analyst stock price target of $15 supports the claim that City Office REIT can reach $8 in the near future.
What are City Office REIT's analysts' financial forecasts?
City Office REIT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $171.52M (high $174.07M, low $168.6M), average EBITDA is $93.35M (high $94.74M, low $91.76M), average net income is $-19.006M (high $-18.474M, low $-19.485M), average SG&A $13.41M (high $13.61M, low $13.18M), and average EPS is $-0.473 (high $-0.46, low $-0.485). CIO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $179.08M (high $182M, low $175.65M), average EBITDA is $97.47M (high $99.05M, low $95.6M), average net income is $-15.259M (high $-14.878M, low $-15.582M), average SG&A $14M (high $14.23M, low $13.73M), and average EPS is $-0.38 (high $-0.371, low $-0.388).
Did the CIO's actual financial results beat the analysts' financial forecasts?
Based on City Office REIT's last annual report (Dec 2023), the company's revenue was $179.1M, beating the average analysts forecast of $176.86M by 1.26%. Apple's EBITDA was $94.26M, missing the average prediction of $96.26M by -2.08%. The company's net income was $-10.102M, beating the average estimation of $-8.566M by 17.93%. Apple's SG&A was $14.84M, beating the average forecast of $13.83M by 7.33%. Lastly, the company's EPS was $-0.25, beating the average prediction of $-0.213 by 17.19%. In terms of the last quarterly report (Dec 2023), City Office REIT's revenue was $44.32M, beating the average analysts' forecast of $44.3M by 0.05%. The company's EBITDA was $-36.756M, missing the average prediction of $24.11M by -252.45%. City Office REIT's net income was $10.06M, missing the average estimation of $-2.208M by -555.65%. The company's SG&A was $3.88M, beating the average forecast of $3.46M by 11.94%. Lastly, the company's EPS was $0.25, missing the average prediction of $-0.055 by -554.55%