NYSE$ONL
Orion Office Reit Inc. · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Orion Office REIT Announced Q4 2021 Operating Results
Orion Office REIT Inc. reported fourth-quarter 2021 operating results, including revenues of $40.8 million and a net loss attributable to common stockholders of $(54.9) million, or $(0.97) per share. Core FFO was $26.8 million, or $0.47 per share.
- Completed spin-off from Realty Income.
- Net loss attributable to common stockholders of $(54.9) million, or $(0.97) per share
- Core FFO of $26.8 million, or $0.47 per share.
- Signed 11-year extension with Merrill Lynch at the property in Hopewell, NJ.
Headline financials
Revenue & EPS history
Orion Office REIT · Revenue · Quarterly
$40.5M
Forward guidance
Orion is providing the following guidance for fiscal year 2022: Core FFO per share between $1.66 and $1.74, General and Administrative Expenses between $17 million and $18 million and Net Debt to Adjusted EBITDA between 4.7x and 5.5x.
Tailwinds
- Core FFO per share between $1.66 and $1.74
- General & Administrative Expenses: $17 million to $18 million
- Net Debt to Adjusted EBITDA: 4.7x to 5.5x
- The loan matures on February 11, 2027.
- Company's Unencumbered Gross Real Estate Investments would have been approximately $1,262,031
Headwinds
- rising interest rates
- risk of inflation
- an oversupply of office space
- client credit risk and general economic conditions
- potential changes in client behavior that could adversely affect the use of and demand for office space
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 Q4 2021
-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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