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City Office REIT (CIO) Tops Q1 FFO and Revenue Estimates

分组1 - City Office REIT (CIO) reported quarterly funds from operations (FFO) of $0.30 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $0.33 per share a year ago, indicating a 7.14% FFO surprise [1] - The company posted revenues of $42.26 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.15%, but down from $44.49 million year-over-year [2] - City Office REIT has surpassed consensus FFO estimates only once in the last four quarters, while it has topped consensus revenue estimates two times in the same period [2] 分组2 - The stock has underperformed the market, with shares losing about 4.9% since the beginning of the year compared to the S&P 500's decline of 4.7% [3] - The current consensus FFO estimate for the upcoming quarter is $0.27 on revenues of $42.43 million, and for the current fiscal year, it is $1.11 on revenues of $171.62 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for the sector [8]