Orion Office REIT Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 04:22 pm EST
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Orion Office REIT Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 48.88 million compared to USD 51.58 million a year ago. Revenue was USD 49.08 million compared to USD 51.77 million a year ago. Net loss was USD 16.52 million compared to USD 53.05 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.94 a year ago. Diluted loss per share from continuing operations was USD 0.29 compared to USD 0.94 a year ago.
For the nine months, sales was USD 150.69 million compared to USD 157.26 million a year ago. Revenue was USD 151.29 million compared to USD 157.82 million a year ago. Net loss was USD 41.13 million compared to USD 78.52 million a year ago. Basic loss per share from continuing operations was USD 0.73 compared to USD 1.39 a year ago. Diluted loss per share from continuing operations was USD 0.73 compared to USD 1.39 a year ago.
Orion Office REIT Inc. is an internally managed real estate investment trust (REIT). The Company is engaged in the ownership, acquisition, and management of a diversified portfolio of office buildings located in suburban markets across the United States and leased primarily on a single tenant. Its portfolio is comprised of traditional office buildings, as well as governmental office, medical office, office/laboratory, office/research, and office/flex properties. The Company owns and operates 75 office properties with an aggregate of 8.7 million leasable square feet located in 29 states. It leases its corporate office space, including its corporate headquarters, which is located in Phoenix, Arizona. Its tenants operate in a range of industries, health care equipment and services, government and public services, financial institutions, insurance, capital goods, software and services, consumer durables and apparel, telecommunication services, materials, and energy.
ORION OFFICE REIT INC. 
