Loading...
•
Jun 30, 2022
Orion Office REIT Q2 2022 Earnings Report
Announced second quarter 2022 results with total revenue of $52.8 million and core FFO of $26.8 million, or $0.47 Per Share.
Key Takeaways
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.
Total revenue of $52.8 million
Core FFO of $26.8 million, or $0.47 per share
Secured 206,000 square feet of lease extensions
Sold two properties for $9.2 million and agreements in place to sell six additional properties for $18.9 million
Forward Guidance
The Company expects its 2022 Core FFO per diluted share to be in a range between $1.74 and $1.78. This guidance assumes: General & Administrative Expenses: $16 million to $16.5 million and Net Debt to Adjusted EBITDA: 4.7x to 5.0x
Positive Outlook
- General & Administrative Expenses: $16 million to $16.5 million
- Net Debt to Adjusted EBITDA: 4.7x to 5.0x
- Depreciation and amortization of real estate assets 2.39
- Proportionate share of adjustments for unconsolidated joint venture 0.06
- FFO attributable to common stockholders per diluted share1.71
Challenges Ahead
- Diluted net income per share attributable to common stockholders $(0.74)
- Includes non-routine items such as transaction and acquisition-related expenses.
- The estimated net income per diluted share is not a projection and is provided solely to satisfy the disclosure requirements of the
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...