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 Q1 2023

Earnings data Q2 2023

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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

Orion Office REIT, Inc. (NYSE:ONL ) Q4 2022 Earnings Conference Call March 9, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel and Secretary Paul McDowell - Chief Executive Officer, President Gavin Brandon - Chief Financial Officer, Executive Vice President and Treasurer Conference Call Participants Mitch Germain - JMP Securities Gaurav Mehta - EF Hutton Operator Greetings. And welcome to Orion Office REIT's Fourth Quarter and Full Year 2022 Earnings Call.

Orion Office REIT, Inc. (ONL) Q4 2022 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 fourth quarter and full year ended December 31, 2022.

Orion Office REIT Inc.® Announces Fourth Quarter and Full Year 2022 Results

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Investing in dividend stocks allows you to earn dividend income, the best passive income stream. Dividend Income is the fruit from the labor of investing your money in the stock market.

Dividend Income Summary: Lanny's January 2023 Summary

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Office REITs have been far-and-away the worst-performing property sector since the start of the pandemic, as depressed utilization rates and recession concerns have curbed office space demand. Work-From-Home-Forever? Occupiers due for renewal have been somewhat-reluctant to cut office space, with leasing volumes still at 75% of pre-pandemic levels, but fundamentals softened more definitively in late 2022.

Office REITs: Pain Is Priced In

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 the income tax classification of its 2022 dividends for the Company's common stock (NYSE: ONL) (“Common Stock”). The table below summarizes the income tax classification of the dividends paid and the corresponding box number on the 2022 Form 1099-DIV. Stockholders are encouraged to consult with their tax advisors as to their specific treatment of ONL dividends.

Orion Office REIT Inc. Announces Tax Treatment of 2022 Dividends

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 fourth quarter and full year 2022 after market close on Wednesday, March 8, 2023.

Orion Office REIT Inc. Announces Fourth Quarter 2022 Earnings Release and Webcast Dates

Orion Office has a strong, mostly investment-grade rated tenant base in recession-resilient industries. It carries low leverage and the dividend is very well protected by a low payout ratio.

Orion Office Is Dirt Cheap With Upside Potential

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We received $801.63 in October dividend income. This was the first quarter we received a dividend from Vanguard's S&P 500 Index fund (VOO).

Bert's October Dividend Income Summary

Office REITs are beaten down by the Work From Home (WFH) trend, which is here to stay. It may be time to take a look at Office REITs, as there are some significant bargains lying around.

Orion Office: There Are Better Choices In Office REITs

ONL is a new REIT that started life when the US is facing high inflation and a possible recession. This resulted in asset impairments. About half of the leases will be maturing between 2022 to 2024. It had not been able to renew some of those maturing in 2022.

Orion Office REIT: Value Opportunities

Orion Office REIT, Inc. (NYSE:ONL ) Q3 2022 Earnings Conference Call November 3, 2022 10:00 AM ET Company Participants Paul Hughes - General Counsel & Secretary Paul McDowell - CEO, President & Director Gavin Brandon - EVP, CFO & Treasurer Conference Call Participants Jyoti Yadav - JMP Securities Edward Reily - EF Hutton Operator Greetings. Welcome to Orion Office REIT's Third Quarter 2022 Financial Results.

Orion Office REIT, Inc. (ONL) Q3 2022 Earnings Call Transcript

Orion Office reported Q3-2022 results and authorized a buyback. We had previously had a sell rating with an $8.50 price target.

Orion Office Remains A Value Trap

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 third quarter ended September 30, 2022.

Orion Office REIT Inc.® Announces Third Quarter 2022 Results

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 third quarter of 2022 after market close on Wednesday, November 2, 2022.

Orion Office REIT Inc. Announces Third Quarter 2022 Earnings Release and Webcast Dates

Orion Office was spun off from Realty Income, and it's been downhill ever since. What comes next?

Could Orion Office Be in Trouble?

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Our total dividend income decreased from $771.96 received in July 2021. Canadian Imperial takes the crown for the largest dividend payment of the month.

Bert's July Dividend Income Summary | Dividend Investing 2022

We maintained a sell rating on Orion on previous coverage. The rationale as that the low valuation was an illusion and things were about to get rough.

Orion Office: The Good, The Bad, And The Ugly

Orion Office REIT Inc. (NYSE:ONL ) Q2 2022 Earnings Conference Call August 4, 2022 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Gavin Brandon - Chief Financial Officer Chris Day - Chief Operating Officer Conference Call Participants Jyoti Yadav - JMP Securities Edward Reilly - EF Hutton Operator Greetings. Welcome to the Orion Office REIT's Second Quarter 2022 Financial Results.

Orion Office REIT Inc. (ONL) CEO Paul McDowell on Q2 2022 Results - 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 second quarter ended June 30, 2022. Orion commenced operations on November 12, 2021 after being spun-off by Realty Income Corporation. “In the second quarter, we conti

Orion Office REIT Inc.® Announces Second Quarter 2022 Results

Orion Office REIT is a tricky investment. It's a sub-$1B market capitalization REIT with a great set of assets, that's being hated by the market. By hated, we mean that it has dropped almost 30% since late March, despite the market being down "only" around 15%.

Orion Office REIT: No Win For This REIT Spin (Yet)

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 second quarter of 2022 after market close on Wednesday, August 3, 2022. 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 Thursday, August 4,

Orion Office REIT Inc. Announces Second Quarter 2022 Earnings Release and Webcast Dates

Orion Office has underperformed the broader indices by a wide margin. We look at the Q1-2022 results and tell you why your hopes for a large dividend increase will be squashed.

Orion Office: Blood In The Constellation

Orion Office is an Office REIT that was spun off as a consequence of last year's Realty Income and VEREIT merger. The REIT offers a rather unique approach to Office REITs with a focus on net-leased, single-tenant suburban office properties.

News for Orion Office REIT Stock (ONL)