City Office REIT Approves Merger with MCME Carell

City Office REIT ( (CIO) ) just unveiled an update.

On October 16, 2025, City Office REIT held a special meeting where stockholders approved a merger with MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC. The merger, which is expected to close in the fourth quarter of 2025, will result in City Office stockholders receiving $7.00 per share in cash. Although the merger proposal was approved, the advisory compensation proposal was not. The merger is subject to closing conditions, and its completion could impact the company’s operations and stakeholder relationships.

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 is primarily influenced by its financial performance and technical analysis. The company’s financial health is challenged by negative profitability and stagnant growth, which are significant risks. However, the technical indicators suggest a moderately positive trend, providing some optimism. The valuation is mixed, with a high dividend yield but negative P/E ratio, indicating potential risks for investors.

To see Spark’s full report on CIO stock, click here.

More about City Office REIT

City Office REIT is an internally-managed real estate company focused on acquiring, owning, and operating office properties predominantly in Sun Belt markets. The company currently owns or has a controlling interest in 4.2 million square feet of office properties and is taxed as a real estate investment trust for U.S. federal income tax purposes.

Average Trading Volume: 653,588

Technical Sentiment Signal: Buy

Current Market Cap: $280.9M

For detailed information about CIO stock, go to TipRanks’ Stock Analysis page.