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Published on 10 May 2024 on GuruFocus.com via Yahoo Finance

Orion Office REIT Inc. (ONL) Reports Q1 2024 Results: A Detailed Financial Recap


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Revenue: Reported $47.2 million in total revenues for Q1 2024, exceeding the estimated $41.70 million.Net Loss: Incurred a net loss of $26.2 million, significantly above the estimated net loss of $9.57 million.Dividend: Declared a quarterly dividend of $0.10 per share for Q1 2024.Leasing Activity: Completed significant leasing activities totaling 522,000 square feet thus far in 2024, including two long-term leases with the United States Government.Disposition Activity: Entered agreements to sell eight properties totaling 790,000 square feet for an aggregate gross sales price of $48.1 million.Liquidity and Debt: Reported $258.3 million in liquidity and a total debt of $498.3 million as of March 31, 2024.2024 Outlook: Reaffirmed 2024 guidance with Core FFO per share expected to be between $0.93 and $1.01.

Warning! GuruFocus has detected 4 Warning Signs with ONL.

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