NYSE$ONL
Orion Office Reit Inc. · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Announced second quarter 2022 results with total revenue of $52.8 million and core FFO of $26.8 million, or $0.47 Per Share.
Orion Office REIT Inc. reported operating results for the second quarter ended June 30, 2022. Total revenue was $52.8 million, and core FFO was $26.8 million, or $0.47 per share. The company secured 206,000 square feet of lease extensions and sold two properties for $9.2 million.
- Total revenue of $52.8 million
- Core FFO of $26.8 million, or $0.47 per share
- Secured 206,000 square feet of lease extensions
- Sold two properties for $9.2 million and agreements in place to sell six additional properties for $18.9 million
Headline financials
Revenue & EPS history
Orion Office REIT · Revenue · Quarterly
$52.8M
Forward guidance
The Company expects its 2022 Core FFO per diluted share to be in a range between $1.74 and $1.78. This guidance assumes: General & Administrative Expenses: $16 million to $16.5 million and Net Debt to Adjusted EBITDA: 4.7x to 5.0x
Tailwinds
- General & Administrative Expenses: $16 million to $16.5 million
- Net Debt to Adjusted EBITDA: 4.7x to 5.0x
- Depreciation and amortization of real estate assets 2.39
- Proportionate share of adjustments for unconsolidated joint venture 0.06
- FFO attributable to common stockholders per diluted share1.71
Headwinds
- Diluted net income per share attributable to common stockholders $(0.74)
- Includes non-routine items such as transaction and acquisition-related expenses.
- The estimated net income per diluted share is not a projection and is provided solely to satisfy the disclosure requirements of the
- The Company does not provide a reconciliation of Net Debt to Adjusted EBITDA guidance to the most directly comparable GAAP measure, due to the inherent difficulty and uncertainty in quantifying certain adjustments principally related to the Company’s investment in the unconsolidated joint venture.
- Adjustments (1)0.03
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 Q2 2022
-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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