NYSE$ONL
Orion Office Reit Inc. · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Orion Office REIT Inc. reported first quarter 2024 results, completed 108,000 square feet of leasing, and declared a dividend of $0.10 per share.
Orion Office REIT Inc. announced its first quarter 2024 operating results, with total revenues of $47.2 million and a net loss attributable to common stockholders of $(26.2) million, or $(0.47) per share. The company completed 522,000 square feet of new and renewal leasing thus far in 2024 and has agreements in place to sell 790,000 square feet of vacant space.
- Total revenues for the first quarter were $47.2 million.
- Net loss attributable to common stockholders was $(26.2) million, or $(0.47) per share.
- Core FFO was $20.4 million, or $0.36 per share.
- The company completed 108,000 square feet of leasing during the quarter and an additional 414,000 square feet subsequent to quarter end.
Headline financials
Revenue & EPS history
Orion Office REIT · Revenue · Quarterly
$47.2M
Forward guidance
The company reaffirms its 2024 guidance.
Tailwinds
- Core FFO per share between $0.93 and $1.01
- General and Administrative Expenses between $19.5 million and $20.5 million
- Net Debt to Adjusted EBITDA between 6.2x and 7.0x
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-4.8%
Avg return
Earnings day
-6.1%
Avg return
5 days after
-9.1%
Avg return
30 days after
32%
7 / 22 earnings
Positive
+6.1%
Q3 2025
Best reaction
-29.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.8% | +0.3% | -2.4% | |
| Q4 2025 | -3.1% | -5.9% | -14.5% | |
| Q3 2025 | +6.1% | -0.4% | -15.9% | |
| Q1 2025 | -2.5% | +8.5% | +5.5% | |
| Q4 2024 | -29.4% | -36.9% | -51.9% | |
| Q3 2024 | +1.8% | -3.0% | +1.3% | |
| Q2 2024 | +0.3% | -1.3% | +8.8% | |
| Q1 2024 | +0.6% | +10.4% | +3.0% | |
| Q4 2023 | -14.8% | -17.1% | -18.8% | |
| Q3 2023 | -1.2% | +1.4% | +10.5% | |
| Q2 2023 | +4.2% | +4.6% | -10.7% | |
| Q1 2023 | -2.7% | -10.0% | +3.5% | |
| Q4 2022 | -0.7% | -11.3% | -12.2% | |
| Q3 2022 | -1.7% | -2.7% | +1.7% | |
| Q2 2022 | +0.3% | +1.4% | -8.2% | |
| Q1 2022 | -2.4% | -5.5% | -4.9% | |
| Q1 2021 | -2.4% | -5.5% | -4.9% | |
| Q2 2021 | -14.1% | -16.5% | -24.1% | |
| Q4 2020 | -14.1% | -16.5% | -24.1% | |
| Q4 2021 | -14.1% | -16.5% | -24.1% | |
| Q4 2019 | -14.1% | -16.5% | -24.1% | |
| Q3 2021 | +0.8% | +4.3% | +5.7% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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