City Office REIT (City Office REIT) Debt-to-Equity

: 0.87 (As of Dec. 2023)

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City Office REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $200.0 Mil. City Office REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $469.5 Mil. City Office REIT's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $772.2 Mil. City Office REIT's debt to equity for the quarter that ended in Dec. 2023 was 0.87.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for City Office REIT's Debt-to-Equity or its related term are showing as below:

CIO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 1.41 Max: 5.18
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of City Office REIT was 5.18. The lowest was 0.75. And the median was 1.41.

CIO's Debt-to-Equity is ranked worse than
58.16% of 674 companies
in the REITs industry
Industry Median: 0.78 vs CIO: 0.87

City Office REIT Debt-to-Equity Historical Data

The historical data trend for City Office REIT's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

City Office REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.11

1.62

0.75

0.86

0.87

City Office REIT Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.86	0.90	0.86	0.86	0.87

Competitive Comparison

For the REIT - Office subindustry, City Office REIT's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

City Office REIT Debt-to-Equity Distribution

For the REITs industry and Real Estate sector, City Office REIT's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where City Office REIT's Debt-to-Equity falls into.

City Office REIT Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

City Office REIT's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(200	+	469.51)	/	772.231
	=	0.87

City Office REIT's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(200	+	469.51)	/	772.231
	=	0.87

City Office REIT (NYSE:CIO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

City Office REIT Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of City Office REIT's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

City Office REIT (City Office REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIO) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

CIOpA.PFD:USA

Address

666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8

Website

https://www.cioreit.com

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

Executives

Michael Mazan	director	3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt	director	188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic	officer: Chief Financial Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar	director, officer: Chief Executive Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg	director	1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee	officer: See Remarks	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet	director	SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza	director	27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski	director	1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn	director	1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg	10 percent owner