Orion Office REIT Inc. (ONL)
| Market Cap | 215.40M |
| Revenue (ttm) | 169.64M |
| Net Income (ttm) | -86.42M |
| Shares Out | 55.95M |
| EPS (ttm) | -1.55 |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $0.40 (10.39%) |
| Ex-Dividend Date | Sep 30, 2024 |
| Volume | 410,152 |
| Open | 3.750 |
| Previous Close | 3.760 |
| Day's Range | 3.750 - 3.925 |
| 52-Week Range | 3.010 - 6.170 |
| Beta | 1.06 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | Nov 7, 2024 |
About ONL
Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company’s team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions. [Read more]
Financial Performance
In 2023, Orion Office REIT's revenue was $194.61 million, a decrease of -6.26% compared to the previous year's $207.59 million. Losses were -$57.30 million, -41.23% less than in 2022.
Financial StatementsNews
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
I Am Bottom Fishing: 10% Yield From Orion Office REIT
Income from all sources can play a vital role in your retirement planning. Office REITs have been battered by a weakening economy and high rates. The sector's outlook is rapidly improving, but the bes...
Orion Office REIT Inc. (ONL) Q3 2024 Earnings Call Transcript
Orion Office REIT Inc. (NYSE:ONL) Q3 2024 Earnings Conference Call November 8, 2024 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - CEO Gavin Brandon - CFO Conference C...
Orion Office REIT Inc. Announces Third Quarter 2024 Results
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management o...
Orion Office: An Ugly Ducking Or SWAN-A-Bee?
Orion Office REIT Inc. is undergoing a portfolio transformation, focusing on high-quality, specialized office properties and reducing exposure to generic office space. Despite sector struggles, ONL of...
Orion Office REIT: Mr. Market Is Looking Forward
Orion Office REIT is experiencing a rough start. The stock price often levels out and turns upward to climb a "wall of worry" at some point in the business cycle. Selling now is not advisable as the s...
Orion Office REIT Inc. Announces Third Quarter 2024 Earnings Release and Webcast Dates
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. Announces Third Quarter 2024 Earnings Release and Webcast Dates.
Orion Office REIT: 3 Reasons We Are Moving To A Strong Sell
Orion Office REIT's occupancy has dropped from 92% in 2021 to around 80% in Q2-2024. The company's Funds From Operations (FFO) continues to decline. Orion's debt levels are concerning, with net debt t...
Orion Office REIT Inc. (ONL) Q2 2024 Earnings Call Transcript
Orion Office REIT Inc. (NYSE:ONL) Q2 2024 Earnings Conference Call August 9, 2024 10:00 AM ET Company Participants Paul Hughes - General Counsel Paul McDowell - Chief Executive Officer Chris Day - Ch...
Orion Office REIT Inc. Announces Second Quarter 2024 Results
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management o...
Dividend Income: Lanny's July 2024 Summary
In July, we (my wife and I) received a dividend income total of $2,836.82. 2023 was up 24%. 7 months down in 2024 and the S&P 500 is still up almost 13%, despite the recent sell-offs. We have a high l...
Cash Cows: 9 High-Yield REITs With Safe Dividends
High-quality REITs with higher yields than usual may be a good investment opportunity. Income investors may find U.S. treasuries more appealing due to lower risk and higher yields compared to most REI...
Orion Office REIT Inc. Announces Second Quarter 2024 Earnings Release and Webcast Dates
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust focused on the ownership, acquisition and management of a diver...
Orion Office REIT: Don't Get Sucked In
Orion Office REIT Inc. has shed nearly 50% of its value in the past year, rearranging its dividend and valuation outlook. We argue that Orion is best left alone, as the Office REIT environment faces s...
Orion Office REIT: 75% Discount To NAV, What You Are Missing
Orion Office REIT is trading at about 25% of the estimated NAV. We have had Sell and Strong Sell ratings on this in the past. We tell you why we are doubling down on our Sell rating this far below the...
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10 REITs At Mega Discounts To NAV
These REITs have a price-to-NAV range of 0.27x to 0.59x. There may be upside of more than 200% to the NAV estimate, which will probably decline over time. The estimates may be terrible. That's not my ...
Orion Office REIT: Value To Be Found After Recent Stock Slump
Orion Office REIT has significantly underperformed the Vanguard Real Estate ETF in 2024. Core FFO declined by 20% Y/Y in Q1 2024, with the company confirming its initial outlook for a 42% decline rela...
Orion Office REIT Inc. Announces First Quarter 2024 Results
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) focused on the ownership, acquisition and management o...
Orion Office REIT Inc. Announces First Quarter 2024 Earnings Release and Webcast Dates
PHOENIX--(BUSINESS WIRE)--Orion Office REIT Inc. (NYSE: ONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust focused on the ownership, acquisition and management of a diver...
3 Risky Office REITs (Dumpster Fire Alert)
Some people make decent money dumpster diving, as seen in a Business Insider article about a couple who make up to $3,000 a month selling their trash treasures. The office REIT space is currently unde...
Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month - City Office REIT (NYSE:CIO), Orion Office REIT (NYSE:ONL)
The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.
Orion Office REIT: Office Woes Bite Hard As Leverage Explodes
We shifted back to a sell rating on Orion Office due to increased office distress and doubts about the company's ability to out-earn its current enterprise value. Q4-2023 earnings showed a miss in fun...
Orion Office REIT: The Downturn Continues
Orion Office REIT Inc. is a new company formed from the office properties of Realty Income and VEREIT upon their merger. The office sector is currently out of favor, but the need for office spaces wil...
Orion Office REIT Inc. (ONL) Q4 2023 Earnings Call Transcript
Orion Office REIT Inc. (ONL) Q4 2023 Earnings Call Transcript