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. reports developments for an internally managed REIT that owns, acquires and manages single-tenant net lease office properties and Dedicated Use Assets across the United States. Its portfolio includes traditional office, governmental, medical office, flex/laboratory, R&D and flex/industrial properties, with commercial real estate as its business segment.
Recurring Orion news covers quarterly and annual operating results, leasing activity, property acquisitions and dispositions, debt facilities, CMBS loan matters, dividend tax treatment and stockholder governance matters. Company updates also reference its history as a 2021 spin-off from Realty Income and its NYSE-listed common stock under the ONL symbol.
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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.