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Mar 31, 2023
Orion Office REIT Q1 2023 Earnings Report
Orion Office REIT reported solid first quarter performance with total revenues of $50.2 million and core FFO of $25.3 million.
Key Takeaways
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.
Total revenues reached $50.2 million.
Net loss attributable to common stockholders was $(8.9) million, or $(0.16) per share.
Core FFO amounted to $25.3 million, or $0.45 per share.
The company reaffirmed its 2023 Core FFO guidance of $1.55 to $1.63 per share.
Forward Guidance
The Company’s 2023 Core FFO range of $1.55 to $1.63 per share, its 2023 General and Administrative Expense guidance range of $18.75 million to $19.75 million, and its 2023 year-end Net Debt to Adjusted EBITDA guidance range of 4.3x to 5.3x, are unchanged from last quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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