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City Office REIT: Undervalued As Fed Cuts Rates
City HoldingCity Holding(US:CHCO) Seeking Alphaยท2024-12-16 04:53

Group 1 - City Office REIT (NYSE: CIO) is currently valued at 3.2 times its annualized fiscal 2024 third-quarter free cash flow [1] - The office REIT generated a free cash flow of $18.28 million in the third quarter, showing a sequential increase and significantly exceeding expectations [1] - The equity market serves as a powerful mechanism for wealth creation or destruction over the long term, with Pacifica Yield focusing on undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]