Orion Office REIT Q2 net loss $15.7M, Core FFO $0.48; guides FY Core FFO $1.59-$1.63

Orion Properties Inc.

2023-Q2 EPS reported -$0.43 revenue$102,214,000

Total revenue $52.0M, down ~1.5% YoY; net loss per share $(0.28) vs $(0.27) in Q2 2022.
Core FFO $0.48 per share vs $0.50 in prior-year quarter; benefit of $0.02 from expense reimbursement timing.
Credit facility amendment repaid $175M term loan, extended revolver maturity to May 2026 with extension option.
Board declared Q3 dividend of $0.10/share payable Oct 16, 2023 to holders of record Sep 29, 2023.
Portfolio occupancy 86.5%; WALT 3.9 years; 73.7% investment-grade tenants; dispositions of ~$50.7M in progress.

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 0.95

Orion Properties Inc. reported the second quarter ended June 30, 2023 results: revenue $52.0 million, net income $(15.7) million, or $(0.28) per share. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $52.0 million
Net income: $(15.7) million, or $(0.28) per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

During the quarter ended June 30, 2023, the Company generated total revenues of $52.0 million, as compared to $52.8 million in the same quarter of 2022. The Company reported a net loss attributable to common stockholders of $(15.7) million, or $(0.28) per share, during the second quarter of 2023

View on SEC.gov

Browse all earnings releases →

Orion Properties Inc. filing history →

Source: SEC EDGAR

accession 0001873923-23-000077

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.