Welcome to our dedicated page for Orion Properties news (Ticker: ONL), a resource for investors and traders seeking the latest updates and insights on Orion Properties stock.
Orion Properties Inc. (NYSE: ONL) is an internally managed REIT that regularly issues news and updates about its single-tenant net lease office and dedicated use property portfolio across high-quality suburban markets in the United States. The company’s news flow provides insight into its leasing activity, property sales, capital structure and corporate governance matters.
Recent press releases highlight quarterly earnings results, including details on revenues, Funds From Operations (FFO), Core FFO, EBITDAre and Adjusted EBITDA, as well as updates on leasing transactions across markets such as Georgia, Texas, Tennessee, Florida, New Jersey, Indiana and California. Orion also reports on disposition activity, including sales of vacant, near-term vacant and stabilized traditional office properties as part of its portfolio transformation toward more dedicated use assets.
Investors following ONL news will also see announcements regarding dividend declarations, guidance ranges for Core FFO per share and Net Debt to Adjusted EBITDA, and commentary from management on strategic priorities such as leasing, non-core asset sales and the shift in portfolio concentration. In addition, Orion’s news includes information on unsolicited, non-binding acquisition proposals and revised indications of interest from Kawa Capital Management, as well as the Board of Directors’ unanimous decisions to reject specific proposals that it determined significantly undervalued the company.
Other updates cover governance and proxy-related matters, including Kawa’s attempts to nominate directors and the Board’s determination that a nomination notice was invalid under the company’s bylaws. For investors and analysts, the ONL news page offers a centralized view of Orion’s operating performance, portfolio changes and Board-level decisions as disclosed through Business Wire releases and related communications.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Orion Office REIT Inc. (NYSE: ONL) announced it will release its financial results for Q1 2023 on May 9, 2023, after market close. A conference call will follow on May 10, 2023, at 10:00 a.m. ET, hosted by CEO Paul McDowell and CFO Gavin Brandon. Investors can join the call via the company’s website or by phone. This REIT focuses on net lease mission-critical suburban office properties across the U.S. Orion was founded on July 1, 2021, and began trading on the NYSE on November 15, 2021, after spinning off from Realty Income. The company is based in Phoenix, Arizona.
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.