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

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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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Offices are large and expensive, making them a tough fit in a net-lease portfolio. Following a major acquisition, Realty Income spun off its office assets.

This High-Yield Stock Is Looking to Exit This Key Sector

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We received $941 in July dividend income. This was a 34.95% dividend increase compared to July 2022. One interesting benefit of moving the funds into VOO is that they pay dividends in an “off month” several times during the year. The Fulton July dividend has more than doubled since January and the Huntington dividend has grown over 50% in the same time period.

Bert's July 2023 Dividend Income Summary

Orion Office REIT Inc. has seen a decline in occupancy, annual base rent, and weighted average lease term in Q2-2023. The company has struggled to lease enough space even in this latest quarter. We are upgrading the stock rating based on Orion's ownership of single-tenant office buildings in a struggling commercial real estate market, along with a price close to NAV and low debt to EBITDA.

Orion Office REIT: An Upgrade Is Warranted

Orion Office REIT Inc. (NYSE:ONL ) Q2 2023 Results Conference Call August 10, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Gavin Brandon - Chief Financial Officer Gary Landriau - Chief Investment Officer Chris Day - Chief Operating Officer Operator Greetings. Welcome to Orion Office REIT's Second Quarter 2023 Earnings Call.

Orion Office REIT Inc. (ONL) Q2 2023 Earnings Call Transcript

PHOENIX, Ariz.--(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 single-tenant net lease mission-critical suburban office properties located across the U.S., announced today its operating results for the second quarter ended June 30, 2023. “We continue our efforts to evolve and reposition our portfolio of high-quality properties,” stated Paul McDowell, Orion's C.

Orion Office REIT Inc. Announces Second Quarter 2023 Results

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In July, we received a dividend income total of $1,421.13. The $200 dividend from Canada Imperial was reinvested and acquired almost 5 more shares, adding more income. July was probably one of the lowest number of stocks increasing their dividend for me.

Dividend Income Summary: Lanny's July 2023 Summary

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5 Best Office REITs to Buy Now

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 single-tenant net lease mission-critical suburban office properties located across the U.S., announced today that it will release financial results for the second quarter of 2023 after market close on Wednesday, August 9, 2023. Webcast and Conference Call Information Orion will host a webcast and conferen.

Orion Office REIT Inc. Announces Second Quarter 2023 Earnings Release and Webcast Dates

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 single-tenant net lease mission-critical suburban office properties located across the U.S., announced today that it has closed an amendment of its credit agreement. Under the terms of the amendment, Orion used borrowings from its currently undrawn $425 million senior revolving credit facility (the “Revol.

Orion Office REIT Inc. Announces Amendment to Credit Agreement

Office REITs are yielding an average of 9.4% and the lowest P/FFO multiple (of 5.8x) compared with all other property sectors within the iREIT™ universe. Orion Office REIT has dropped by almost 34% YTD and a whopping ~69% since it spun off from Realty Income in late 2021. It was certainly a good decision for Realty Income to spin the office assets, especially in this “toxic” office environment.

Orion Office REIT: Suggestivist Speaks

Orion Office REIT Inc. (NYSE:ONL ) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - President and Chief Executive Officer Gavin Brandon - Chief Financial Officer Conference Call Participants Mitch Germain - JMP Securities Operator Greetings. Welcome to Orion Office REIT's First Quarter 2023 Earnings Call.

Orion Office REIT Inc. (ONL) Q1 2023 Earnings Call Transcript

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 single-tenant net lease mission-critical suburban office properties located across the U.S., announced today its operating results for the first quarter ended March 31, 2023. Paul McDowell, Orion's Chief Executive Officer and President, commented, “We are pleased to report another solid quarter of perform.

Orion Office REIT Inc. Announces First Quarter 2023 Results

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. Dividend Income is my primary vehicle on the road to Financial Freedom, which you can see through my Dividend Portfolio.

Dividend Income Summary: Lanny's April 2023 Summary

ONL is an office REIT situated in 10 different states in the US. Quarter of their leases are going to expire in 2024 making 1.5-1.9 million square feet vacant.

Orion Office REIT: Not Cheap Enough

PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion”), a real estate investment trust focused on single-tenant net lease mission-critical suburban office properties located across the U.S., announced today that it will release financial results for the first quarter of 2023 after market close on Tuesday, May 9, 2023. Webcast and Conference Call Information Orion will host a webcast and conference call to review its financial results at 10:00 a.m. ET on Wednesday, May 10, 2023.

Orion Office REIT Inc. Announces First Quarter 2023 Earnings Release and Webcast Dates

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U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

Failure Fallout

We have had a clear bearish bias on Orion Office REIT Inc. ONL is down 50% since our initial call.

Orion Office Hits Our Fair Value Target, Here Is What Comes Next

News for Orion Office REIT Stock (ONL)