City Office REIT (CIO) Income Statement: Revenue & Earnings

City Office REIT Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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City Office REIT, Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	171.13	179.10	180.49	164.04	160.84	156.30	129.48
Cost of Revenue	69.46	70.00	67.74	58.01	58.31	57.32	49.87
Gross Profit	101.67	109.10	112.75	106.04	102.53	156.30	79.61
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	15.20	14.84	13.78	15.49	10.69	11.07	8.14
Operating Expenses	74.52	77.83	76.28	72.81	129.37	127.54	60.49
Operating Income	27.14	31.27	23.03	33.23	31.47	28.76	19.12
Other Income/Expense
Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	32.96	31.88	25.78	23.27	0.00	0.00	22.32
Other Income/Expense	-9.93	-0.13	8.21	476.65	-1.35	-132.54	43.48
Income
Income Before Tax	-17.13	-2.04	17.68	485.28	5.13	2.44	38.67
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	-17.68	-2.68	16.99	484.40	4.53	1.80	38.17
Net Income - Continuous Operations	-17.13	-2.04	17.68	485.28	0.00	0.00	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA	86.34	92.83	105.96	90.89	91.82	91.30	113.34
EBIT	27.14	29.84	43.47	33.23	31.47	30.84	60.99
Depreciation & Amortization	59.20	62.99	63.71	57.66	60.35	60.48	52.35
Earnings Per Share
Basic EPS	-1.00	-	-	11.00	-	-	1.00
Diluted EPS	-1.00	-	-	11.00	-	-	1.00
Basic Shares Outstanding	40.14	39.92	42.05	43.50	47.22	44.00	37.32
Diluted Shares Outstanding	40.14	39.92	42.87	44.15	47.22	44.00	37.67