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

Earnings data Q2 2022

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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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.

Why Orion Office Is Still A Horrible Idea

Orion Office REIT Inc. (NYSE:ONL ) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET Company Participants Paul Hughes – General Counsel Paul McDowell – Chief Executive Officer Gavin Brandon – Chief Financial Officer Gary Landriau – Chief Investment Officer Conference Call Participants Mitch Germain – JMP Securities Eddie Riley – EF Hutton Operator Greetings. Welcome to Orion Office REIT's First Quarter 2022 Earnings Conference Call.

Orion Office REIT Inc's (ONL) CEO Paul McDowell on Q1 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 first quarter ended March 31, 2022. Orion commenced operations on November 12, 2021 after being spun-off by Realty Income Corporation. “In our first full quarter opera

Orion Office REIT Inc.® Announces First Quarter 2022 Results

Office Properties Income Trust

Office Properties Income Trust - 5.875% NT REDEEM 01/05/2046 USD 25

We have covered both Orion Office REIT Inc. and Office Properties Income Trust previously. We compare them head to head and illustrate why both deserve low multiples.

Orion And Office Properties: Why Both Deserve Low Multiples

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 first quarter of 2022 after market close on Wednesday, May 4, 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, May 5, 2022.

News for Orion Office REIT Stock (ONL)