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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Global Net Lease

Hudson Pacific Properties

There are three REITs to sell in April before the worst comes to worst. These REITs are risky as they are facing significant headwinds in the current economic environment.

3 REITs to Sell in April Before They Crash & Burn

Boston Properties

Diversified Healthcare Trust

Medical Properties Trust

Office Properties Income Trust

Paramount Group

Shares in real estate investment trusts have bounced back in recent months, but as the commercial real estate space remains in a tough spot, there are still plenty of stocks in this category best described as REITs to sell. The main reason for this all has to do with the macro environment.

7 REITs to Sell in March Before They Crash & Burn

City Office REIT

NET Lease Office Properties

Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently under tremendous pressure, reflected in the stock prices of three high-risk office plays: City Office REIT, Orion Office, and Net Lease Office Properties. These stocks offer value for investors willing to take on elevated risks, but caution is warranted due to the challenges facing the office real estate sector.

3 Risky Office REITs (Dumpster Fire Alert)

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month - City Office REIT (NYSE:CIO), Orion Office REIT (NYSE:ONL)

We shifted back to a sell rating on Orion Office due to increased office distress and doubts about the company's ability to out-earn its current enterprise value. Q4-2023 earnings showed a miss in funds from operations but there were bigger issues that came to light. We go over our logic of sticking with the sell rating despite the huge drop in stock price.

Orion Office REIT: Office Woes Bite Hard As Leverage Explodes

Orion Office REIT Inc. is a new company formed from the office properties of Realty Income and VEREIT upon their merger. The office sector is currently out of favor, but the need for office spaces will likely increase in the future. The stock price has been dropping, but spinoffs tend to outperform the market over time and the company has potential for long-term success.

Orion Office REIT: The Downturn Continues

Orion Office REIT Inc. (ONL) Q4 2023 Earnings Call Transcript

PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the U.S., announced today its operating results for the fourth quarter and full year ended December 31, 2023. Paul McDowell, Orion's Chief Executive Officer commented, “2023 marked a year of progress for the Orion.

Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results

New York City REIT Inc

SITE Centers Corp

Real estate boom-and-bust cycles are repetitive, and I'm afraid that we look set for another. What's my premise?

It's Time! 3 Overplayed REITs to Sell in February

Cardinal Health

Canadian Imperial Bank of Commerce

Genuine Parts

Huntington Bancshares

Iron Mountain

Illinois Tool Works

Leggett & Platt

Medtronic

National Grid

Realty Income Corp

Paramount Global

PepsiCo

Philip Morris

TotalEnergies SE

In January 2024, we received $6851.67 in dividend income. Leggett & Platt was the highest dividend payer this month.

Bert's January Dividend Income Summary

The upheavals of 2023 rattled the housing market, witnessing soaring mortgage rates and stalled sales. In short, it created uncertainty for real estate investment trusts (REITs).

3 Doomed REITs to Dump Before They Dive: February 2024

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 office properties located across the U.S., announced today the income tax classification of its 2023 dividends for the Company's common stock (“Common Stock”). The table below summarizes the income tax classification of the dividends paid and the corresponding box number on the 202.

Orion Office REIT Inc. Announces Tax Treatment of 2023 Dividends

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 office properties located across the U.S., announced today that it will release its operating results for the fourth quarter and full year 2023 after market close on Tuesday, February 27, 2024. Webcast and Conference Call Information Orion will host a webcast and conference call to.

Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Webcast Dates

CBL & Associates Properties

Highwoods Properties

Since November, excitement about lower interest rates has boosted interest-rate-sensitive stocks like real estate investment trusts (or REITs). However, as rate cut enthusiasm cools, now may be the time to determine what REITs to sell.

7 REITs to Sell in January Before They Crash and Burn

Walgreens

Despite how strong the stock market grew in 2023, there were more than a few pockets of despair in the market. We know the S&P 500 was driven higher almost wholly on the strength of the Magnificent 7 stocks, but the Dow Jones Industrial Average and Nasdaq 100 also experienced superb gains.

Can My Portfolio's 3 Worst Stocks From 2023 Rebound in 2024?

We had previously upgraded Orion from a Sell to a Hold, as we saw the possibility of it out-earning its enterprise value. The fundamentals have actually worsened and the REIT looks to have a challenging 2024. We give you three reasons why you should consider exiting.

Orion: 3 Reasons There Could Be Material Downside In 2024

Agree Realty

Alexandria Real Estate Equities

Camden Property

EPR Properties

Essential Properties Realty Trust Inc

Mid-America Apartment Communities

STAG Industrial

Vici Properties

W. P. Carey

REITs recently reported strong 3rd quarter results. Despite that, they remain heavily discounted even after the recent rally. Here are two of our top picks for 2024.

2 REITs All Investors Should Buy

Broadstone Net Lease

Bank of Nova Scotia

Chimera Investment

Cisco Systems

Diageo

GlaxoSmithKline

Haleon PLC

McDonald's

MDU Resources Group

NetApp

Invesco S&P 500 High Dividend Low Volatility ETF

Visa

Vanguard Dividend Appreciation ETF

Vanguard S&P 500 ETF

Growing dividend income takes time and consistency. The Fed paused a rate hike in September and will likely remain in a holding pattern for November, with a modest chance of an increase in December. Increase passive income by consistently investing in the market and letting dividend reinvestment do the trick.

Dividend Income Summary: Lanny's October 2023 Summary

Orion Office REIT Inc. (NYSE:ONL ) Q3 2023 Earnings Call Transcript November 10, 2023 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Gavin Brandon - Chief Financial Officer Christopher Day - Chief Operating Officer Conference Call Participants Mitch Germain - JMP Securities Operator Greetings. Welcome to Orion Office REIT's Third Quarter 2023 Earnings Call.

Orion Office REIT Inc. (ONL) Q3 2023 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 office properties located across the U.S., announced today its operating results for the third quarter ended September 30, 2023. Paul McDowell, Orion's Chief Executive Officer commented, “Our progress executing on our business strategy continues to evolve. During the quarter ended.

Orion Office REIT Inc. Announces Third Quarter 2023 Results

Orion Office REIT Inc. is a new company formed from the office properties of Realty Income and VEREIT. The office sector is currently out of favor, but the need for office spaces will likely increase in the future. The stock price has been dropping, but spinoffs tend to outperform the market over time and the company has potential for long-term success.

Orion Office REIT: A Speculative Buy Once The Selling Pressure Subsides

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 that it will release its operating results for the third quarter of 2023 after market close on Thursday, November 9, 2023. Webcast and Conference Call Information Orion will host a webcast and conf.

Orion Office REIT Inc. Announces Third Quarter 2023 Earnings Release and Webcast Dates

Brandywine Realty

Braemar Hotels & Resorts Inc

Piedmont Office Realty Trust

Park Hotels & Resorts

Service Properties Trust

Sharply higher long-term borrowing costs for real estate during late summer have been a huge headwind for REIT operations and investment valuations. The demand for commercial real estate, especially office space, is being questioned with the appearance of stay-at-home living/work trends. However, things change. A slower economy into 2024 could reverse interest rates lower and pinpoint a bottom in REIT pessimism.

9 REITs Blown Apart, Holding Serious 2024 Rebound Potential

Crown Castle International

iStar Inc

Bob Barker, the late host of The Price Is Right, was part of the greatest generation and had a diverse career in broadcasting. Crown Castle, Highwoods Properties, Safehold, Orion Office REIT, and Medical Properties Trust are recommended as attractive REIT investments. These REITs offer a margin of safety and potential for price appreciation in the next 12 months.

You're The Next REIT Contestant On 'The Price Is Right'

Aaron's

Ally Financial

Apple Hospitality REIT

Blackstone Group

Blackstone Mortgage Trust

Deere & Company

Energizer Holdings

FutureFuel

Foot Locker

Fidelity National Financial

GoDaddy

Hannon Armstrong Sustainable Infrastructure Capital

Hawaiian Electric Industries

Liberty Oilfield Services

Lincoln National

Vail Resorts

Permian Resources Corp

RBC Bearings Inc

RE/MAX Hld

S&P Global

Sensata Technologies Hld

NEW YORK , Sept. 1, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400 and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 18, to coincide with the quarterly rebalance.

Blackstone and Airbnb Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400 and S&P SmallCap 600

News for Orion Office REIT Stock (ONL)