CIOPA.PFD (City Office REIT) Interest Expense : $-32.96 Mil (TTM As of Dec. 2024)

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What is City Office REIT Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. City Office REIT's interest expense for the three months ended in Dec. 2024 was $ -8.46 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-32.96 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. City Office REIT's Operating Income for the three months ended in Dec. 2024 was $ 6.72 Mil. City Office REIT's Interest Expense for the three months ended in Dec. 2024 was $ -8.46 Mil. City Office REIT's Interest Coverage for the quarter that ended in Dec. 2024 was 0.79. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

City Office REIT Interest Expense Historical Data

The historical data trend for City Office REIT's Interest Expense 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.

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City Office REIT Interest Expense Chart

City Office REIT Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-26.36

-23.27

-25.78

-31.88

-32.96

City Office REIT Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-8.07	-8.10	-8.13	-8.27	-8.46

City Office REIT Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.96 Mil.

City Office REIT (NYSE:CIOpA.PFD) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

City Office REIT's Interest Expense for the three months ended in Dec. 2024 was $-8.46 Mil. Its Operating Income for the three months ended in Dec. 2024 was $6.72 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $391.97 Mil.

City Office REIT's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	6.718	/	-8.458
	=	0.79

The higher the ratio, the stronger the company's financial strength is.

City Office REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIOpA.PFD) » Definitions » Interest Expense

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CIO:USA 5QV:Germany

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 principal objective of the company is to provide attractive risk-adjusted returns to its investors over the long-term through a combination of dividends and capital appreciation. Its properties includes: Pima Center, SanTan, Park Tower, Intellicenter, Intellicenter, Denver Tech, Canyon Park, AmberGlen and many. The company these office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.