City Office REIT (City Office REIT) COGS-to-Revenue : 0.40 (As of Mar. 2024)

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What is City Office REIT COGS-to-Revenue?

City Office REIT's Cost of Goods Sold for the three months ended in Mar. 2024 was $17.7 Mil. Its Revenue for the three months ended in Mar. 2024 was $44.5 Mil.

City Office REIT's COGS to Revenue for the three months ended in Mar. 2024 was 0.40.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. City Office REIT's Gross Margin % for the three months ended in Mar. 2024 was 60.12%.

City Office REIT COGS-to-Revenue Historical Data

The historical data trend for City Office REIT's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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City Office REIT COGS-to-Revenue Chart

City Office REIT Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.37

0.36

0.35

0.38

0.39

City Office REIT Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.39	0.39	0.40	0.39	0.40

City Office REIT COGS-to-Revenue Calculation

City Office REIT's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	69.997	/	179.096
	=	0.39

City Office REIT's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	17.744	/	44.493
	=	0.40

City Office REIT (NYSE:CIO) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

City Office REIT's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	17.744 / 44.493
	=	60.12 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

City Office REIT COGS-to-Revenue Related Terms

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City Office REIT (City Office REIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » City Office REIT Inc (NYSE:CIO) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

CIOpA.PFD:USA

Address

666 Burrard Street, Suite 3210, Vancouver, BC, CAN, V6C 2X8

Website

https://www.cioreit.com

City Office REIT Inc is a real estate investment trust. It is focused on acquiring, owning, and operating high-quality office properties located predominantly in Sun Belt markets. The company owns office buildings in the metropolitan areas of Dallas, Denver, Orlando, Phoenix, Portland, Raleigh, San Diego, Seattle, and Tampa.

Executives

Michael Mazan	director	3210-666 BURRARD STREET, VANCOUVER A1 V6C2X8
William R Flatt	director	188 E. CAPITOL STREET, SUITE 1000, JACKSON MS 39201
Anthony Maretic	officer: Chief Financial Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
James Thomas Farrar	director, officer: Chief Executive Officer	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
Stephen B Shraiberg	director	1331 SEVENTEENTH STREET, STE. 300, DENVER CO 80202
Gregory Tylee	officer: See Remarks	1075 WEST GEORGIA STREET, SUITE 2600, VANCOUVER A1 V6E 3C9
John Sweet	director	SUITE 2990, 500 NORTH AKARD STREET, DALLAS TX 75201
Sabah Mirza	director	27 FASKEN DRIVE, TORONTO A6 M9W1K6
Mark Wilhelm Murski	director	1312 CLEAVER DRIVE, OAKVILLE A6 L6J IW4
John R. Mclernon	director	200 GRANVILLE STREET, 19TH FLOOR, VANCOUVER A1 V6C 2R6
Jeffrey David Kohn	director	1029 17 AVE SW, SUITE 200, CALGARY A0 T2T 0A9
Samuel Belzberg	10 percent owner