Orion Office REIT reports Q3 net loss of $53M, raises Core FFO guidance, authorizes $50M buyback

Orion Properties Inc.

2022-Q3 EPS reported -$1.39 revenue$157,824,000

Total revenues $51.8M; net loss attributable to common stockholders $53.0M ($0.94 per share).
Core FFO $24.0M ($0.42 per share); 2022 Core FFO guidance raised to $1.76-$1.78 per share.
Sold six properties for $24.8M; agreements to sell four more for $15.9M.
Board approved $50M share repurchase program through Dec 2025; quarterly dividend $0.10/share.
Portfolio occupancy 88.2% with 69.9% annualized base rent from investment grade tenants.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Orion Properties Inc. reported third quarter ended September 30, 2022 results: revenue $51.8 million, net income $(53.0) million, EPS $(0.94) per share. Guidance raised.

Period: third quarter ended September 30, 2022
Revenue: $51.8 million
Net income: $(53.0) million
EPS: $(0.94) per share
Guidance: raised
Result: reported results

Exact text from the filing

Orion Office REIT Inc.® Announces Third Quarter 2022 Results - Total Revenues of $51.8 million - - Net Loss Attributable to Common Stockholders of $(53.0) million, or $(0.94) Per Share

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Orion Properties Inc. filing history →

Source: SEC EDGAR

accession 0001873923-22-000074

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