Orion Office REIT Earnings Reports

Orion Office REIT posted Q4 2024 revenue of $38.4 million, down from $43.8 million in the prior year. The company reported a net loss of $32.8 million, driven by higher impairments and reduced occupancy. Core FFO declined to $10.2 million, while Adjusted EBITDA stood at $16.6 million. The company continued to execute on its strategy to transition toward dedicated-use assets, including a key acquisition in California.

Orion Office REIT reported Q3 2024 results with a total revenue of $39.2 million and a net loss of $(10.2) million. The company completed 254,000 square feet of leasing during the quarter, contributing to 832,000 square feet year-to-date. They also acquired a 97,000 square foot property in San Ramon, California for $34.6 million and declared a dividend for the fourth quarter of 2024.

Orion Office REIT Inc. reported total revenues of $40.1 million and a net loss attributable to common stockholders of $(33.8) million, or $(0.60) per share, for the second quarter ended June 30, 2024. The company completed 470,000 square feet of leasing, sold one vacant property, repaid $9.0 million in debt, and declared a dividend of $0.10 per share.

Orion Office REIT Inc. announced its first quarter 2024 operating results, with total revenues of $47.2 million and a net loss attributable to common stockholders of $(26.2) million, or $(0.47) per share. The company completed 522,000 square feet of new and renewal leasing thus far in 2024 and has agreements in place to sell 790,000 square feet of vacant space.

Orion Office REIT Inc. announced its Q4 and full year 2023 results, showing a total revenue of $43.8 million for the quarter and a net loss attributable to common stockholders of $(16.2) million, or $(0.29) per share. The company sold four properties for $11.4 million during the quarter and repaid $59.0 million in debt obligations throughout the year. They declared a dividend of $0.10 per share for the first quarter of 2024.

Orion Office REIT Inc. announced its Q3 2023 financial results, with total revenues of $49.1 million. The company reported a net loss attributable to common stockholders of $(16.5) million, or $(0.29) per share. Core FFO was $24.1 million, or $0.43 per share. The company is updating its 2023 Core FFO and Net Debt to Adjusted EBITDA guidance ranges to reflect solid performance for the first nine months of 2023 and greater certainty in its estimates for the remainder of the year.

Orion Office REIT Inc. announced its operating results for the second quarter ended June 30, 2023. The company reported total revenues of $52.0 million. Core FFO for the second quarter of 2023 was $26.9 million, or $0.48 per share.

Orion Office REIT Inc. announced its first quarter 2023 results, featuring total revenues of $50.2 million and a net loss attributable to common stockholders of $(8.9) million, or $(0.16) per share. Core Funds From Operations (FFO) stood at $25.3 million, or $0.45 per share. The company reaffirmed its 2023 outlook and declared a dividend of $0.10 per share for the second quarter.

Orion Office REIT Inc. reported its Q4 2022 results, with a focus on portfolio optimization. The company completed lease renewals, expansions, and new leases across several properties and sold six properties for $10.0 million during the quarter. While facing economic challenges in the office sector, Orion is working to manage its balance sheet and build long-term value.

Orion Office REIT Inc. announced its Q3 2022 results, featuring total revenues of $51.8 million. However, the company reported a net loss attributable to common stockholders of $(53.0) million, or $(0.94) per share. Core FFO stood at $24.0 million, or $0.42 per share. The company sold six properties for $24.8 million and has agreements in place to sell four additional properties for $15.9 million. The Board of Directors approved a $50 million share repurchase program.

Orion Office REIT Inc. reported operating results for the second quarter ended June 30, 2022. Total revenue was $52.8 million, and core FFO was $26.8 million, or $0.47 per share. The company secured 206,000 square feet of lease extensions and sold two properties for $9.2 million.

Orion Office REIT Inc. reported its first quarter 2022 results, highlighting a total revenue of $53.2 million and a Core FFO of $28.0 million, or $0.49 per share. The company secured 178,000 square feet of lease extensions and expansions in Texas and Georgia and reached an agreement to sell three properties for $13 million.

Orion Office REIT Inc. reported fourth-quarter 2021 operating results, including revenues of $40.8 million and a net loss attributable to common stockholders of $(54.9) million, or $(0.97) per share. Core FFO was $26.8 million, or $0.47 per share.