NYSE$ONL
Orion Office Reit Inc. · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Orion Office REIT reported second quarter 2023 results, closed credit agreement amendment, declared dividend of $0.10 per share for third quarter and updated 2023 outlook.
Orion Office REIT Inc. announced its operating results for the second quarter ended June 30, 2023. The company reported total revenues of $52.0 million. Core FFO for the second quarter of 2023 was $26.9 million, or $0.48 per share.
- Total Revenues of $52.0 million
- Net Loss Attributable to Common Stockholders of $(15.7) million, or $(0.28) per share
- Funds from Operations (“FFO”) of $24.4 million, or $0.43 per share
- Core FFO of $26.9 million, or $0.48 per share
Headline financials
Revenue & EPS history
Orion Office REIT · Revenue · Quarterly
$52M
Forward guidance
Orion expects its 2023 Core FFO per diluted share to be in a range between $1.59 and $1.63. This guidance assumes general & administrative expenses of $18.25 million to $18.75 million and net debt to adjusted EBITDA of 4.3x to 5.0x.
Tailwinds
- General & Administrative Expenses: $18.25 million to $18.75 million
Headwinds
- Net Debt to Adjusted EBITDA: 4.3x to 5.0x
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 Q2 2023
-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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