earnings
confidence high
sentiment neutral
materiality 0.80
Orion Office REIT reports Q4 net loss of $54.9M, Core FFO $0.47 per share, provides FY2022 guidance
Orion Properties Inc.
- Net loss attributable to common stockholders $(54.9)M ($(0.97)/share); Core FFO $26.8M ($0.47/share)
- Portfolio occupancy 91.9%; WALT 4.1 years; 67.7% investment grade tenants
- Signed 11-year lease extension with Merrill Lynch in Hopewell, NJ (482k sq ft)
- Refinanced bridge loan with $355M 5-year fixed-rate CMBS at 4.971%
- FY2022 Core FFO guidance $1.66-$1.74 per share; dividend $0.10 per share