CIO-P-A vs MSEX

Comparison between City Office REIT Inc (CIO-P-A, Company) and Middlesex Water Company (MSEX, Company).

5-Year PerformanceCIO-P-A has outperformed MSEX, delivering a return of +8.2% compared to -7.9%

CIO-P-A vs MSEX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CIO-P-A(COMPANY)	MSEX(COMPANY)
Market Cap	$1.02B	$1.02B
Max Drawdown	49.53%	61.90%
Sharpe Ratio	0.97	0.16
5Y Beta	N/A	-0.04
Industry	Other	Utilities - Regulated Water
P/E Ratio	-8.42	22.79
Forward P/E	N/A	28.57
PEG Ratio	-0.01	18.45
Dividend Yield	N/A	2.57%
5Y Dividends CAGR	0.00%	10.38%
5Y EPS CAGR	N/A	1.92%
Debt to Equity	65.30%	75.71%
Free Cash Flow Yield	4.65%	5.94%
P/S Ratio	N/A	5.13
P/B Ratio	N/A	2.14

Market Cap

Winner

CIO-P-A

$1.02B

MSEX

$1.02B

Max Drawdown

Winner

CIO-P-A

49.53%

MSEX

61.90%

Sharpe Ratio

Winner

CIO-P-A

0.97

MSEX

0.16

5Y Beta

CIO-P-A

N/A

MSEX

-0.04

Industry

CIO-P-A

Other

MSEX

Utilities - Regulated Water

P/E Ratio

Winner

CIO-P-A

-8.42

MSEX

22.79

Forward P/E

CIO-P-A

N/A

MSEX

28.57

PEG Ratio

Winner

CIO-P-A

-0.01

MSEX

18.45

Dividend Yield

CIO-P-A

N/A

MSEX

2.57%

5Y Dividends CAGR

CIO-P-A

0.00%

Winner

MSEX

10.38%

5Y EPS CAGR

CIO-P-A

N/A

MSEX

1.92%

Debt to Equity

Winner

CIO-P-A

65.30%

MSEX

75.71%

Free Cash Flow Yield

CIO-P-A

4.65%

Winner

MSEX

5.94%

P/S Ratio

CIO-P-A

N/A

MSEX

5.13

P/B Ratio

CIO-P-A

N/A

MSEX

2.14

CIO-P-A vs MSEX - Historical Returns

Returns include dividend reinvestment.

Period	CIO-P-A	MSEX
1 month	+0.52%	+3.89%
3 months	+1.61%	+9.02%
6 months	+34.19%	+0.77%
1 year	+42.91%	+5.39%
5 years(CAGR)	+8.23%	-7.85%
10 years(CAGR)	+7.85%	+4.80%
Max(CAGR)	+7.85%	+8.06%

CIO-P-A

+0.52%

Winner

MSEX

+3.89%

CIO-P-A

+1.61%

Winner

MSEX

+9.02%

Winner

CIO-P-A

+34.19%

MSEX

+0.77%

Winner

CIO-P-A

+42.91%

MSEX

+5.39%

5Y(CAGR)

Winner

CIO-P-A

+8.23%

MSEX

-7.85%

10Y(CAGR)

Winner

CIO-P-A

+7.85%

MSEX

+4.80%

Max(CAGR)

CIO-P-A

+7.85%

Winner

MSEX

+8.06%

CIO-P-A vs MSEX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CIO-P-A	MSEX
2026	+0.16%	+10.43%
2025	+32.48%	+0.70%
2024	+14.68%	-16.86%
2023	+10.22%	-16.67%
2022	-21.36%	-33.11%
2021	+4.36%	+71.90%
2020	+12.13%	+18.30%
2019	+22.65%	+24.64%
2018	-3.55%	+39.40%
2017	+17.10%	-1.19%
2016	-7.88%	+68.18%
2015	N/A	+20.07%
2014	N/A	+16.28%
2013	N/A	+8.61%
2012	N/A	+7.82%
2011	N/A	+4.70%
2010	N/A	+6.79%
2009	N/A	+6.64%
2008	N/A	-4.65%
2007	N/A	+4.85%
2006	N/A	+10.48%
2005	N/A	-4.36%
2004	N/A	-4.50%
2003	N/A	+30.48%
2002	N/A	-4.97%
2001	N/A	+10.20%
2000	N/A	+11.93%
1999	N/A	+2.54%

CIO-P-A vs MSEX Drawdown Comparison

The maximum drawdown for CIO-P-A was -49.44%, occurring on Mar 23, 2020. Recovery took 163 trading sessions.

The maximum drawdown for MSEX was -60.52%, occurring on Apr 16, 2024. This drawdown has not yet recovered.

The current MSEX drawdown is -50.14%.

Rank	CIO-P-A	MSEX
#1	-49.44% Feb 7, 2020 - Sep 30, 2020	-60.52% Dec 31, 2021 - Apr 16, 2024
#2	-38.65% Jul 2, 2021 - Dec 23, 2024	-41.83% Jul 28, 2005 - Dec 14, 2010
#3	-16.20% Dec 23, 2024 - Jul 24, 2025	-28.80% Feb 18, 2020 - Jun 3, 2020
#4	-15.55% Sep 25, 2018 - Mar 13, 2019	-25.61% Nov 24, 1999 - Dec 22, 2000
#5	-12.20% Oct 25, 2016 - Jan 17, 2017	-25.15% Nov 29, 2017 - Jul 19, 2018
#6	-10.01% Aug 31, 2017 - Jul 10, 2018	-24.96% May 3, 2002 - Jul 15, 2003
#7	-6.73% Dec 31, 2020 - Jul 2, 2021	-23.96% Dec 12, 2016 - Oct 11, 2017
#8	-6.36% Oct 21, 2019 - Feb 4, 2020	-23.95% Jul 5, 2016 - Dec 8, 2016
#9	-5.83% Oct 5, 2020 - Dec 1, 2020	-21.90% Apr 12, 2004 - Jul 12, 2005
#10	-5.42% Jul 30, 2019 - Oct 14, 2019	-20.49% Feb 8, 2021 - May 25, 2021
#11	-4.23% Jan 26, 2017 - Apr 3, 2017	-15.93% Dec 14, 2018 - Feb 22, 2019
#12	-3.90% Aug 7, 2017 - Aug 28, 2017	-15.16% Jun 15, 2020 - Nov 10, 2020
#13	-3.87% Dec 1, 2020 - Dec 30, 2020	-14.88% Jul 29, 2003 - Nov 12, 2003
#14	-2.80% May 25, 2017 - Jul 14, 2017	-12.71% Sep 8, 2021 - Dec 29, 2021
#15	-2.18% Jul 10, 2019 - Jul 25, 2019	-12.58% Jun 7, 2001 - Jan 17, 2002

Correlation

Correlation between CIO-P-A and MSEX is 0.33 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.33

-101

Dividend Comparison (1999 - 2026)

CIO-P-A vs MSEX dividend yield comparison.

Year	CIO-P-A	MSEX
2026	0.00%	1.31%
2025	6.54%	2.74%
2024	8.12%	2.50%
2023	8.46%	1.92%
2022	8.77%	1.50%
2021	6.41%	1.16%
2020	6.08%	1.44%
2019	6.42%	1.54%
2018	7.35%	1.71%
2017	6.94%	2.15%
2016	0.00%	1.88%
2015	0.00%	2.93%
2014	0.00%	3.31%
2013	0.00%	3.59%
2012	0.00%	3.80%
2011	0.00%	3.93%
2010	0.00%	3.94%
2009	0.00%	4.04%
2008	0.00%	4.08%
2007	0.00%	3.65%
2006	0.00%	3.64%
2005	0.00%	3.88%
2004	0.00%	3.50%
2003	0.00%	2.99%
2002	0.00%	4.03%
2001	0.00%	3.67%
2000	0.00%	3.63%
1999	0.00%	0.95%