Orion Properties Inc Stock Price, News & Analysis

Orion Office REIT Inc. (NYSE: ONL) reported total revenues of $208.1 million for 2022 but faced a net loss of $(97.5) million, equivalent to $(1.72) per share. Core FFO reached $101.8 million, exceeding guidance by $0.02 per share. Orion completed 0.8 million square feet of lease renewals and sold 11 properties for $33.1 million. The company had a portfolio occupancy rate of 89.0% and 73.3% of annualized base rent from investment-grade tenants. Looking ahead, Orion aims for a Core FFO per share of $1.55 - $1.63 for 2023. A quarterly dividend of $0.10 per share was declared, payable on April 17, 2023.

Orion Office REIT Inc. (NYSE: ONL) announced the income tax classification of its 2022 dividends, emphasizing the dividend payments for its common stock. Shareholders received $0.10 per share on March 31, June 30, and September 30 of 2022, with each payment classified as nondividend distributions. The dividend declared in November 2022 and paid in January 2023 is taxable in 2023, and shareholders should consult tax advisors for accurate reporting. Orion focuses on single-tenant net lease office properties across the U.S., aiming to enhance shareholder income through its diversified portfolio.

Orion Office REIT Inc. (NYSE: ONL) will release its financial results for Q4 and full year 2022 on March 8, 2023, after market close. A conference call to discuss the results will occur on March 9, 2023, at 10:00 a.m. ET, hosted by CEO Paul McDowell and CFO Gavin Brandon. Investors can access the call via Orion's website. A replay of the call will be available until March 23, 2023. Orion focuses on single-tenant net lease suburban office properties in the U.S., having spun off from Realty Income on November 12, 2021.

Orion Office REIT Inc. reported total revenues of $51.8 million for Q3 2022, alongside a net loss of $(53.0 million), equating to $(0.94) per share. The company achieved Core FFO of $24.0 million, or $0.42 per share. It sold six properties for about $24.8 million, with agreements to sell four more for $15.9 million. The Board approved a $50 million share repurchase program. The real estate portfolio consisted of 87 properties with an occupancy rate of 88.2%. The Company raised its Core FFO guidance for 2022, now expected to be between $1.76 and $1.78 per share.

Orion Office REIT Inc. (NYSE: ONL) will announce its third-quarter 2022 financial results on November 2, 2022, after market close. A webcast and conference call to discuss these results will take place at 10:00 a.m. ET on November 3, 2022. The event will feature CEO Paul McDowell and CFO Gavin Brandon. The call can be accessed via the company's website. A replay will be available until November 17, 2022.

Orion Office REIT Inc. (ONL) reported second-quarter results for 2022, revealing total revenue of $52.8 million and Core FFO of $26.8 million or $0.47 per share. The company secured 206,000 square feet of lease extensions and completed the sale of two properties for $9.2 million, with agreements in place to sell six additional properties totaling $18.9 million. The net loss attributable to common stockholders was $(15.6 million), or $(0.27) per share. Orion maintains a portfolio occupancy rate of 86.7%.

Orion Office REIT Inc. (NYSE: ONL) will release its second-quarter 2022 financial results after market close on August 3, 2022. A webcast and conference call to discuss these results will occur at 10:00 a.m. ET on August 4, 2022, hosted by CEO Paul McDowell and CFO Gavin Brandon. Investors can access the call via Orion’s website or by dialing in, with a replay available post-call until August 18, 2022. Orion, focused on single-tenant net lease office properties in the U.S., was founded in July 2021 and began trading on the NYSE in November 2021.

In its first quarter results ending March 31, 2022, Orion Office REIT reported total revenue of $53.2 million and Core FFO of $28.0 million, or $0.49 per share. The company secured 178,000 square feet in lease extensions and expansions in Texas and Georgia and reached an agreement to sell three properties for $13 million. Although it reported a net loss of $9.9 million, Orion's operating performance aligns with expectations, and it maintains guidance for Core FFO per share between $1.66 and $1.74.

Orion Office REIT Inc. (NYSE: ONL) announced it will release its financial results for Q1 2022 after market close on May 4, 2022. A webcast and conference call will occur on May 5, 2022, at 10:00 a.m. ET, hosted by CEO Paul McDowell and CFO Gavin Brandon. This event will review the financial outcomes for the period, focusing on its portfolio of single-tenant net lease office properties across the U.S. Investors can access the conference call via the company’s website or by dialing designated numbers for U.S., Canada, and international participants.