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

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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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Orion Office REIT was seen as the worthy office version of Realty Income.

Orion Tightens Its Belt, So No Big Dividend For You

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 ended December 31, 2021. Financial results for the periods prior to November 1 only include Orion's assets previously owned by Realty Income Corporation

Orion Office REIT Inc.® Announces Fourth Quarter 2021 Operating Results

ONL was spun-off from one of the highest quality REITs in history.

A Future Blue-Chip With A Fat Yield Up To +8%: Orion Office

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Orion Office REIT has seen material share price weakness since being spun off from Realty Income. It carries strong portfolio fundamentals, including high rent collection and investment grade tenancy.

Orion Office: High Yield Potential At A Bargain

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 2021 after market close on Thursday, March 24th, 2022. Webcast and Conference Call Information Orion will host a webcast and conference call to review its financial results at 5:00 p.m. ET on Thursday

Orion Office REIT Inc. Announces Fourth Quarter 2021 Earnings Release and Conference Call Date

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NEW YORK, Jan. 31, 2022 /PRNewswire/ -- Arch Street Capital Advisors ("Arch") and Orion Office REIT Inc. ("Orion") (NYSE: ONL) are pleased to announce the formation and continuation of a programmatic venture focused on the acquisition of long-term leased, single-tenant office assets (the "Partnership"). Orion's interest in the Partnership was assumed from VEREIT, Inc. as part of Orion's spin-off transaction following the Realty Income Corporation and VEREIT merger.

Arch Street Capital and Orion Announce Single Tenant Office Partnership

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Orion Office REIT owns a collection of older, capex-heavy, single-tenant office properties. We think that this will be one of the worst real estate portfolios to own over the coming decade.

Orion Office REIT: Don't Get Caught Holding The Bag

Orion Office REIT is the result of a spin-off of suburban office properties from Realty Income and Vereit, after these two merged. As often happens with spin-offs, some of the shareholders that received spin-off shares either could not hold them because of their mandates, or were not interested, driving the price down.

Orion Office REIT: Well Below Its Fair Value

ONL began trading as it was spun-off from Realty Income; it swiftly went south.

Orion Office REIT: Holding For Now As Declines Come Swiftly

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Orion Office REIT's dividend initiation will be the primary catalyst, with anything over 7% grabbing Average Joe and Jane's attention.

Orion Office REIT: My Oh My, Another Strong Buy

Based on the metrics of FFO and NAV, Orion is the best deal among office REITs right now. Orion is trading at approximately a 32.5% discount to NAV, far exceeding the average 18.1% discount of other office REITs.

Orion Office REIT: Recent Selloff Has Left The Stock Undervalued

News for Orion Office REIT Stock (ONL)