Orion Office REIT Q1 revenue $50.2M, net loss $8.9M; Core FFO $0.45; reaffirms guidance

Orion Properties Inc.

2023-Q1 EPS reported -$0.16 revenue$50,190,000

Total revenues $50.2M; net loss attributable to common stockholders $(8.9)M ($0.16 per share).
Core FFO $25.3M ($0.45 per share); FFO $23.5M ($0.41 per share).
Q2 dividend declared $0.10/share payable July 17, 2023, record June 30, 2023.
Portfolio occupancy 87.5%; 73.6% of ABR from investment-grade tenants; WALT 4.0 years.
Agreements to sell eight properties (631k sq ft) for $41M, including Walgreens campus in Deerfield, IL.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Orion Properties Inc. reported the first quarter ended March 31, 2023 results: revenue $50.2 million, net income $(8.9) million, EPS $(0.16) per share. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Revenue: $50.2 million
Net income: $(8.9) million
EPS: $(0.16) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Orion Office REIT Inc. Announces First Quarter 2023 Results - Total Revenues of $50.2 million - - Net Loss Attributable to Common Stockholders of $(8.9) million, or $(0.16) Per Share

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Orion Properties Inc. filing history →

Source: SEC EDGAR

accession 0001873923-23-000047

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