CIO FINANCIAL STATEMENTS

City Office — balance sheet, income statement and cash flow trends

CIOCity Office

🇺🇸 USA · NYSE · Real Estate · REIT - Office

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
0200 M400 M202020212022202320242025

Profit Funnel

Q3 2025 · TTM
Revenue163.8 M $Gross Profit99.2 M $ · 61%Operating Income-87 M $ · -53%Pre-tax Income-121.1 M $ · -74%Net Income-121.6 M $ · -74%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue163.8 M $-5.6%
Gross Profit99.2 M $-3.8%
Operating Income-87 M $-430.9%
EBITDA-34.5 M $-140.4%
Net Income-121.6 M $—

Peer Comparison· REIT - Office

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
CIO-5.6%60.5%-21.0%-74.2%
ATAGY16.6%60.1%125.3%-39.3%
IDGYO899.5%-19.0%-320.5%229.1%
TDGYO-87.7%82.0%-76.8%1,522.3%
UTG11.2%66.8%38.3%29.3%
AVGYO70.7%34.0%68.3%80.6%
Industry median1.0%56.5%53.9%-0.5%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
0500 M1 B1.5 B202020212022202320242025

Capital Structure

Q3 2025
Total Assets1.1 B
  • Equity610.1 M $57%
  • Current Liabilities182.7 M $17%
  • Long-term Liabilities274.1 M $26%

Key Figures

YoY change
Total Assets1.1 B $-27.7%
Total Liabilities456.8 M $-37.2%
Total Equity610.1 M $-18.3%
Cash & ST Investments21.3 M $-17.6%
Total Debt401.9 M $-38.0%
Net Debt380.6 M $-38.8%

Peer Comparison· REIT - Office

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
CIO0.3465.9%-11.0557.2%
ATAGY9.360.5%-0.7581.7%
IDGYO0.1764.6%-3.7548.7%
TDGYO829.110.0%45.8787.0%
UTG29.9729.6%10.6975.1%
AVGYO9.960.0%-0.6987.4%
Industry median0.84128.6%6.6040.4%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
050 M100 M202020212022202320242025

Cash Flow Bridge

Q3 2025 · TTM
0100 M200 M47.6 M $Operating225.2 M $Investing-276.6 M $Financing-3.7 M $Net Change

Key Figures

YoY change
Operating Cash Flow47.6 M $-19.4%
Capital Expenditures85.5 M $+1,069.9%
Free Cash Flow47.6 M $-17.5%
Dividends Paid23.5 M $+0.4%

Peer Comparison· REIT - Office

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
CIO29.1%29.1%52.2%-39.2%
ATAGY32.0%-39.6%2.3%-81.4%
IDGYO683.3%-907.8%1,594.7%298.2%
TDGYO593.5%630.4%21.4%39.0%
UTG46.5%-27.7%74.1%158.4%
AVGYO123.9%5.9%0.5%153.7%
Industry median38.3%13.6%21.6%-15.2%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of May 29, 26. This content is for informational purposes only and is not investment advice.