Orion Office REIT

Orion Office REIT, Inc. acts as a real estate investment trust. It engages in the ownership, acquisition, and management of a diversified portfolio of mission-critical and headquarters office buildings located across the U.S. and leased primarily on a single-tenant net lease basis to creditworthy clients. The company was founded on July 1, 2021, and is headquartered in Phoenix, AZ.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Orion Office REIT reports robust Q4 performance and navigates market challenges

Orion Office REIT delivered a strong performance in Q4 2022, supported by effective asset management and lease renewal strategies.
The company faces challenges in managing lease expirations and optimizing asset sales while pursuing growth opportunities in a dynamic market.
Opportunities for Orion Office REIT include leveraging revised core FFO definition, optimizing operational efficiency, and exploring new growth avenues.

Orion Office REIT reports Q1 results, focuses on portfolio repositioning

Orion Office REIT's Q1 2023 performance reflects a mixed financial outcome with revenue generation, net loss, and core FFO. The company faces challenges in managing lease vacancies and cautious acquisition strategies amidst market conditions. However, opportunities exist in portfolio repositioning and strategic execution to drive long-term growth.

Orion Office REIT reports Q2 results, focuses on repositioning strategy

Orion Office REIT navigated challenges in the commercial real estate sector by repositioning its portfolio and securing financial amendments.
Despite leasing hurdles, the company remains focused on optimizing its portfolio, enhancing shareholder value, and managing debt effectively.
Opportunities lie in negotiating new leases, disposing of noncore assets, and executing the business plan to drive long-term value creation.
Shareholders can expect sequential reductions in earnings due to lease vacancies, but Orion's strategic approach aims to overcome market challenges.

Orion Office REIT adapts to leasing challenges amidst evolving office trends

Orion Office REIT navigated leasing challenges in Q3 2023 while demonstrating resilience through an early lease renewal and proactive capital management strategies.
The company faces evolving trends in office space utilization due to hybrid work practices, necessitating adaptive leasing approaches to align with changing tenant preferences.
Despite market uncertainties, Orion Office REIT's focus on financial transparency, strategic asset sales, and tenant retention presents opportunities for sustainable growth and operational agility.

Orion Office REIT reports stable Q4 performance amidst 2024 challenges

Orion Office REIT's Q4 2023 performance reflects stability amid challenges, with a focus on proactive portfolio management and financial discipline. The company faces headwinds in 2024 but remains poised to capitalize on opportunities for growth and optimization.

Orion Office REIT reports Q2 loss, adjusts guidance, eyes growth

Orion Office REIT's Q2 2024 performance reflects a strategic focus on portfolio enhancement and financial alignment.
While challenges such as reported net loss and debt-to-EBITDA ratio scrutiny exist, opportunities in growth and operational efficiency are evident.
Management's proactive approach and commitment to shareholder rewards position the company for future success and value creation.
Overall, Orion Office REIT's earnings call highlights a balanced outlook with a focus on performance improvement and strategic growth initiatives.

Orion Office REIT reports strong leasing and financial performance in Q3 2024

Orion Office REIT's Q3 performance reflects solid leasing achievements and strategic financial management.
While facing challenges such as net losses and debt levels, the company's focus on growth markets and asset quality is a strength.
Opportunities lie in leveraging the leasing pipeline, optimizing the portfolio, and enhancing operational efficiency for sustained growth.

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Income from all sources can play a vital role in your retirement planning. Office REITs have been battered by a weakening economy and high rates. The sector's outlook is rapidly improving, but the best time to buy is early.

I Am Bottom Fishing: 10% Yield From Orion Office REIT

Orion Office REIT Inc. (NYSE:ONL ) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - CEO Gavin Brandon - CFO Conference Call Participants Mitch Germain - JMP Securities Operator Greetings. Welcome to Orion Office REIT's Third Quarter 2024 Earnings Conference Call.

Orion Office REIT Inc. (ONL) Q3 2024 Earnings Call Transcript

PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the United States, announced today its operating results for the third quarter ended September 30, 2024. Paul McDowell, Orion's Chief Executive Officer, commented, “We are excited to have successfully leased over.

Orion Office REIT Inc. Announces Third Quarter 2024 Results

Orion Office REIT Inc. is undergoing a portfolio transformation, focusing on high-quality, specialized office properties and reducing exposure to generic office space. Despite sector struggles, ONL offers a high AFFO yield of 26.06% and a well-covered dividend yield of 10.55%, making it an attractive risk-reward investment. Trading at a significant discount (P/AFFO of 3.84x and P/NAV ratio of 0.31x), this REIT could become an M&A target.

Orion Office: An Ugly Ducking Or SWAN-A-Bee?

Orion Office REIT is experiencing a rough start. The stock price often levels out and turns upward to climb a "wall of worry" at some point in the business cycle. Selling now is not advisable as the stock price is too low and a cyclical turnaround could offer better selling opportunities.

Orion Office REIT: Mr. Market Is Looking Forward

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PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. Announces Third Quarter 2024 Earnings Release and Webcast Dates.

Orion Office REIT Inc. Announces Third Quarter 2024 Earnings Release and Webcast Dates

Orion Office REIT's occupancy has dropped from 92% in 2021 to around 80% in Q2-2024. The company's Funds From Operations (FFO) continues to decline. Orion's debt levels are concerning, with net debt to adjusted EBITDA expected to reach 8.0X by the end of 2025.

Orion Office REIT: 3 Reasons We Are Moving To A Strong Sell

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Orion Office REIT Inc. (NYSE:ONL ) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Chris Day - Chief Operating Officer Conference Call Participants Mitch Germain - Citizens JMP Jyoti Yadav - Citizens JMP Operator Greetings, and welcome to Orion Office REIT's Second Quarter 2024 Earnings Call. As a reminder, this conference is being recorded.

Orion Office REIT Inc. (ONL) Q2 2024 Earnings Call Transcript

PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the U.S., announced today its operating results for the second quarter ended June 30, 2024. Paul McDowell, Orion's Chief Executive Officer, commented, “We were pleased with our continued leasing momentum that resu.

Orion Office REIT Inc. Announces Second Quarter 2024 Results

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PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the U.S., announced today that it will release its operating results for the second quarter of 2024 after market close on Thursday, August 8, 2024. Webcast and Conference Call Information Orion will host a webcast and conf.

Orion Office REIT Inc. Announces Second Quarter 2024 Earnings Release and Webcast Dates

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Orion Office REIT Inc. has shed nearly 50% of its value in the past year, rearranging its dividend and valuation outlook. We argue that Orion is best left alone, as the Office REIT environment faces systematic pressure. Moreover, we dislike Orion's key portfolio metrics. Furthermore, we think Orion faces liability-level challenges, which could coalesce with its lease term structuring to wreak havoc.

Orion Office REIT: Don't Get Sucked In

Orion Office REIT is trading at about 25% of the estimated NAV. We have had Sell and Strong Sell ratings on this in the past. We tell you why we are doubling down on our Sell rating this far below the estimated NAV.

Orion Office REIT: 75% Discount To NAV, What You Are Missing

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Orion Office REIT has significantly underperformed the Vanguard Real Estate ETF in 2024. Core FFO declined by 20% Y/Y in Q1 2024, with the company confirming its initial outlook for a 42% decline relative to 2023.

Orion Office REIT: Value To Be Found After Recent Stock Slump

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PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the U.S., announced today its operating results for the first quarter ended March 31, 2024. Paul McDowell, Orion's Chief Executive Officer, commented, “We continued to execute against our current business plan: re.

Orion Office REIT Inc. Announces First Quarter 2024 Results

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News for Orion Office REIT Stock (ONL)