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City Office REIT ( (CIO) ) has shared an update.
City Office REIT, Inc. announced a merger agreement dated July 23, 2025, with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC. As part of the merger, City Office REIT will redeem all outstanding shares of its 6.625% Series A Cumulative Redeemable Preferred Stock at $25.00 per share plus accrued distributions, with the redemption anticipated on January 9, 2026. This merger could impact the company’s operations and stakeholder relationships.
The most recent analyst rating on (CIO) stock is a Hold with a $6.50 price target. To see the full list of analyst forecasts on City Office REIT stock, see the CIO Stock Forecast page.
Spark’s Take on CIO Stock
According to Spark, TipRanks’ AI Analyst, CIO is a Neutral.
City Office REIT’s overall stock score reflects significant financial challenges, with declining revenue and profitability being the most impactful factors. Technical analysis indicates bearish momentum, and the valuation suggests unsustainable dividends given the negative earnings. These factors collectively contribute to a low overall score.
To see Spark’s full report on CIO stock, click here.
More about City Office REIT
Average Trading Volume: 452,548
Technical Sentiment Signal: Hold
Current Market Cap: $274.9M
For a thorough assessment of CIO stock, go to TipRanks’ Stock Analysis page.