5 Worst Performing REITs in 2023

In this piece, we will take a look at the five worst performing REITs in 2023. If you want to take a look at the current trends in the REIT sector, then head on over to 15 Worst Performing REITs in 2023.

5. City Office REIT, Inc. (NYSE:CIO)

Year To Date Share Price Losses: 36.36%

As you’re likely to guess by its name, City Office REIT, Inc. (NYSE:CIO) is also an office REIT. It owns roughly six million square feet of properties in Southern U.S. states. The firm managed to beat Q2 2023 analyst EPS estimates, and it reduced its debt during the time period by relinquishing possession of an office space in Texas.

Insider Monkey’s Q1 2023 survey of 943 hedge funds revealed that 14 had invested in City Office REIT, Inc. (NYSE:CIO). The REIT’s largest shareholder in our database is Noah Levy and Eugene Dozortsev’s Newtyn Management with an investment of $10.6 million.