City Office
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating office properties located predominantly in Sun Belt markets. City Office currently owns or has a controlling interest in 4.2 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
City Office (CIO) - Total Assets
Latest total assets as of September 2025: $1.07 Billion USD
Based on the latest financial reports, City Office (CIO) holds total assets worth $1.07 Billion USD as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
City Office - Total Assets Trend (2011–2024)
This chart illustrates how City Office’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
City Office - Asset Composition Analysis
Current Asset Composition (December 2024)
City Office's total assets of $1.07 Billion consist of 6.8% current assets and 93.2% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $18.89 Million | 1.3% |
| Accounts Receivable | $52.31 Million | 3.6% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $1.29 Billion | 88.8% |
| Intangible Assets | $34.63 Million | 2.4% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how City Office's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: City Office's current assets represent 6.8% of total assets in 2024, a decrease from 14.5% in 2011.
- Cash Position: Cash and equivalents constituted 1.3% of total assets in 2024, down from 3.2% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 2.0% of total assets, a decrease from 7.0% in 2011.
- Asset Diversification: The largest asset category is property, plant & equipment at 88.8% of total assets.
City Office Competitors by Total Assets
Key competitors of City Office based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Acanthe Développement
PA:ACAN
|
France | €133.12 Million |
|
Igis Value Plus Reit Co Ltd
KO:334890
|
Korea | ₩573.89 Billion |
|
KB Star REIT Co. Ltd.
KO:432320
|
Korea | ₩1.08 Trillion |
|
Tower Real Estate Investment Trust
KLSE:5111
|
Malaysia | RM846.72 Million |
|
Sentral REIT
KLSE:5123
|
Malaysia | RM2.68 Billion |
|
IGB Commercial Real Estate Investment Trust Unit
KLSE:5299
|
Malaysia | RM3.35 Billion |
|
Allied Properties Real Estate Investment Trust
PINK:APYRF
|
USA | $9.26 Billion |
|
Australian Unity Office Fund
AU:AOF
|
Australia | AU$70.61 Million |
City Office - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - City Office generates 0.12x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - City Office is currently not profitable relative to its asset base.
City Office - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.34 | 0.31 | 1.15 |
| Quick Ratio | 0.34 | 0.00 | 1.15 |
| Cash Ratio | 0.12 | 0.08 | 0.00 |
| Working Capital | $-120.40 Million | $ -213.07 Million | $ 16.73 Million |
City Office - Advanced Valuation Insights
This section examines the relationship between City Office's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.57 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -3.7% |
| Total Assets | $1.46 Billion |
| Market Capitalization | $2.76 Million USD |
Valuation Analysis
Below Book Valuation: The market values City Office's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Slight Asset Contraction: City Office's assets decreased by 3.7% over the past year, which may reflect streamlining or optimization of resources.
Annual Total Assets for City Office (2011–2024)
The table below shows the annual total assets of City Office from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.46 Billion | -3.69% |
| 2023-12-31 | $1.51 Billion | -4.01% |
| 2022-12-31 | $1.57 Billion | -1.69% |
| 2021-12-31 | $1.60 Billion | +38.38% |
| 2020-12-31 | $1.16 Billion | -5.79% |
| 2019-12-31 | $1.23 Billion | +11.64% |
| 2018-12-31 | $1.10 Billion | +22.75% |
| 2017-12-31 | $896.49 Million | +35.52% |
| 2016-12-31 | $661.49 Million | +49.12% |
| 2015-12-31 | $443.60 Million | +47.13% |
| 2014-12-31 | $301.51 Million | +109.90% |
| 2013-12-31 | $143.64 Million | +135.41% |
| 2012-12-31 | $61.02 Million | +31.47% |
| 2011-12-31 | $46.41 Million | -- |