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City Office REIT (CIO) Misses Q2 FFO and Revenue Estimates

分组1 - City Office REIT reported quarterly funds from operations (FFO) of $0.28 per share, missing the Zacks Consensus Estimate of $0.30 per share, and down from $0.35 per share a year ago, representing an FFO surprise of -6.67% [1] - The company posted revenues of $42.34 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.15%, compared to year-ago revenues of $44.6 million [2] - City Office REIT shares have lost about 1% since the beginning of the year, while the S&P 500 has gained 15.8% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $0.27 on revenues of $42.31 million, and for the current fiscal year, it is $1.16 on revenues of $171.88 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 39% of over 250 Zacks industries, indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]