City Office REIT: 8.8% Dividend Yield From The Preferreds

Core Insights - City Office REIT (NYSE: CIO) has experienced a 28% increase over the past year, indicating an improvement in market sentiment towards office REITs [1] - Despite the positive price movement, CIO is still trading at a low multiple relative to its core funds from operations (FFO) [1] - The core FFO for CIO's fiscal 2024 fourth quarter has not been specified in the provided content [1] Market Context - The equity market serves as a significant mechanism for wealth creation or destruction over the long term, influenced by daily price fluctuations [1] - Pacifica Yield is focused on long-term wealth creation, targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms [1]