Orion Office REIT Q3 net loss $16.5M; Core FFO $0.43; raises 2023 guidance

Orion Properties Inc.

2023-Q3 EPS reported -$0.73 revenue$151,290,000

Total revenues $49.1M vs $51.8M YoY; net loss $(0.29)/share vs $(0.94)/share.
Core FFO $24.1M ($0.43/share) vs $25.6M ($0.45/share) in Q3 2022.
Sold three properties for $15.4M; agreements to sell nine more for $46.6M.
Quarterly dividend declared $0.10/share, payable Jan 16, 2024 to holders Dec 29, 2023.
2023 Core FFO guidance raised to $1.65-$1.68/share; Net Debt/Adj. EBITDA guided 4.0x-4.7x.

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 third quarter ended September 30, 2023 results: revenue $49.1 million, net income $(16.5) million, or $(0.29) per share. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $49.1 million
Net income: $(16.5) million, or $(0.29) per share
Guidance: raised
Result: reported results

Exact text from the filing

delivering on our plans to transform the portfolio over time to unlock value for shareholders.” Third Quarter 2023 Financial and Operating Highlights • Total Revenues of $49.1 million • Net Loss Attributable to Common Stockholders of $(16.5) million, or $(0.29) per share • Funds from Operations (“FFO”) of $22.3 million, or $0.39 per share • Core FFO of $24.1

View on SEC.gov

Browse all earnings releases →

Orion Properties Inc. filing history →

Source: SEC EDGAR

accession 0001873923-23-000095

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.