earnings
confidence high
sentiment neutral
materiality 0.75
Orion Office REIT Q2 2022: Net loss $15.6M, Core FFO $26.8M; updates 2022 guidance
Orion Properties Inc.
2022-Q2 EPS reported
-$0.45
revenue$106,055,000
- Total revenue $52.8M; net loss $(15.6)M ($0.27/sh); Core FFO $26.8M ($0.47/sh).
- Portfolio occupancy 86.7%; 67.3% of rent from investment-grade tenants; WALT 4.1 years.
- Leased 206k sq ft via extensions (Lincoln, NE and Waukegan, IL); 344k sq ft renewed YTD.
- Sold two properties for $9.2M; agreements for six more at $18.9M aggregate price.
- Declared Q3 dividend $0.10/sh; 2022 Core FFO guidance $1.74-$1.78/sh.