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Dec 31, 2023
Orion Office REIT Q4 2023 Earnings Report
Orion Office REIT reported Q4 2023 results, featuring total revenues of $43.8 million and Core FFO of $18.5 million.
Key Takeaways
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.
Total revenues for Q4 2023 were $43.8 million.
Net loss attributable to common stockholders was $(16.2) million, or $(0.29) per share.
Core FFO was $18.5 million, or $0.33 per share.
Sold four properties for $11.4 million.
Forward Guidance
Orion is providing the following guidance estimates for fiscal year 2024: Core FFO per share between $0.93 and $1.01, General and Administrative Expenses between $19.5 million and $20.5 million, and Net Debt to Adjusted EBITDA between 6.2x and 7.0x.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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