Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). City Office REIT's share price for the quarter that ended in Sep. 2024 was $5.84. City Office REIT's Shares Outstanding (EOP) for the quarter that ended in Sep. 2024 was 40.2 Mil. Therefore, City Office REIT's market cap for the quarter that ended in Sep. 2024 was $234.5 Mil.
City Office REIT's quarterly market cap
declined
from Mar. 2024 ($209.2 Mil) to Jun. 2024 ($200.0 Mil) but then
increased
from Jun. 2024 ($200.0 Mil) to Sep. 2024 ($234.5 Mil).
City Office REIT's annual market cap
declined
from Dec. 2021 ($858.9 Mil) to Dec. 2022 ($332.8 Mil) and
declined
from Dec. 2022 ($332.8 Mil) to Dec. 2023 ($244.0 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. City Office REIT's Enterprise Value for Today is $941.6 Mil.
City Office REIT Market Cap Historical Data
The historical data trend for City Office REIT's Market Cap 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.
Competitive Comparison of City Office REIT's Market Cap
For the REIT - Office subindustry, City Office REIT's Market Cap, along with its competitors' market caps and Market Cap 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's Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, City Office REIT's Market Cap distribution charts can be found below:
* The bar in red indicates where City Office REIT's Market Cap falls into.
City Office REIT Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
City Office REIT's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
City Office REIT (NYSE:CIO) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
City Office REIT Market Cap Related Terms
Thank you for viewing the detailed overview of City Office REIT's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
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. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.
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