earnings
confidence high
sentiment neutral
materiality 0.55
Orion Office REIT Q1 2022: Core FFO $0.49/shr, revenue $53.2M, net loss $9.9M
Orion Properties Inc.
2022-Q1 EPS reported
-$0.17
revenue$53,206,000
- Total revenue $53.2M; net loss $(9.9)M or $(0.17) EPS; Core FFO $28.0M or $0.49/shr.
- Portfolio occupancy 88.3%, WALT 4.1 years, 67% of ABR from investment-grade tenants.
- Leased 178K sq ft (extensions/expansions) in TX and GA; agreed to sell three properties for $13M.
- Board declared Q2 dividend $0.10/shr, payable July 15, 2022, to holders of record June 30.
- FY2022 guidance: Core FFO $1.66-$1.74/shr; G&A $17-18M; Net debt/Adj. EBITDA 4.7x-5.5x.