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City Office REIT ( (CIO) ) has issued an announcement.
On August 15, 2025, City Office REIT, Inc. completed the sale of six office properties in Phoenix, Arizona, for $266 million to an unaffiliated buyer, as part of a previously announced disposition plan. Concurrently, the company amended its credit agreement, reducing the revolving credit facility to $150 million and securing borrowings with certain assets. This strategic move aims to streamline operations and improve financial flexibility, potentially impacting the company’s market positioning and stakeholder interests.
The most recent analyst rating on (CIO) stock is a Hold with a $7.00 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 a mix of financial challenges and strategic opportunities. The company’s financial performance is a concern due to negative profitability and cash flow volatility. However, strong technical indicators and strategic corporate events, such as the merger and asset sale, provide a positive outlook. The earnings call further supports a favorable long-term trajectory despite short-term challenges.
To see Spark’s full report on CIO stock, click here.
More about City Office REIT
City Office REIT, Inc. operates in the real estate investment trust (REIT) industry, focusing on acquiring, owning, and operating office properties in the United States. The company primarily invests in high-quality office buildings located in metropolitan areas with strong economic fundamentals.
Average Trading Volume: 459,182
Technical Sentiment Signal: Buy
Current Market Cap: $279.7M
For detailed information about CIO stock, go to TipRanks’ Stock Analysis page.
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