City Office REIT, Inc.

CIONYSEReal Estate

$6.99

$-0.01(-0.14%)

Market Cap$282141844

P/E Ratio—

52W High$7.01

52W Low$4.19

Avg Volume408K

Open$7.00

Beta1.59

Free Cash Flow Financials Revenue

City Office REIT, Inc. (CIO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CIO · free cash flow · updated Jun 8, 2026

Core FCF metrics

CIO · FCF · TTM · margin & CAGR

Free cash flow was $58.9M for FY2024 (fiscal year ending 2024-12-31), up 2.9% year-over-year The FCF margin was 34.4%. Five-year CAGR stands at +5.3%.

FY2024 Free Cash Flow$58.9M▲ +2.9% YoY

Trailing 12M (TTM)$47.6Mtrailing 4 quarters sum

FCF Margin34.4%$58.9M ÷ revenue

3-Year CAGR-3.3%FY2021 → FY2024

5-Year CAGR+5.3%FY2019 → FY2024

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CIO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2024Latest$58.9M(0M)$58.9M▲ +2.9%34.4%

FY2023$57.2M(0M)$57.2M▼ 41.1%31.9%

FY2022$106.7M(10M)$97.1M▲ +49.3%53.8%

FY2021$73.2M(8M)$65.0M▲ +24.7%39.6%

FY2020$59.9M(8M)$52.1M▲ +14.4%32.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CIO · P/FCF · FCF yield · FCF per share

City Office REIT, Inc. (CIO) trades at a FCF yield of 16.87% and a price-to-free-cash-flow ratio of 5.9x. FCF per share stands at $1.19, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

16.87%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.19

TTM FCF ÷ Shares Outstanding

Price / FCF

x5.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2024 · 2024-12-31

Cash flow statement summary

CIO · cash flow statement · operating / investing / financing

For FY2024, City Office REIT, Inc. generated $58.9M in operating cash flow and spent 0M in capital expenditures, yielding $58.9M in free cash flow.

Operating Activities

+$58.9M

Cash from core business operations

2024-12-31

Investing Activities

−$40.3M

CapEx, acquisitions & investments

2024-12-31

Financing Activities

−$28.0M

Buybacks, dividends & debt

2024-12-31

FCF FormulaOperating CF ($58.9M) − |CapEx| (0M) = FCF ($58.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Real Estate)

CIO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

City Office REIT, Inc.YOU

CIO

$58.9M+2.9%34.4%

American Tower Corporation

AMT

$3.78B+2.2%35.5%

76%

Simon Property Group, Inc.

Real Estate · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

City Office REIT, Inc. (CIO) reported free cash flow of $58.9M for FY2024 (fiscal year ending 2024-12-31), up 2.9% year-over-year. The FCF margin was 34.4%.

Based on available data, City Office REIT, Inc. has maintained positive free cash flow for at least 9 fiscal year(s). FCF peaked at $97.1M in FY2022. The 5-year CAGR stands at +5.3%.

City Office REIT, Inc.'s FCF yield is 16.87% and price-to-FCF ratio is 5.9x for FY2024, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CIO free cash flow · 8 questions

City Office REIT, Inc. free cash flow was $58.9M for FY2024, up 2.9% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $47.6M.

CIO free cash flowCIO FCFCIO FCF 2024CIO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · City Office REIT, Inc. · City Office REIT, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026