YOLFTbeta
Orion Office Reit Inc

Orion Office Reit Inc

ONL · NYSE · Real Estate / REIT - Office

2.61USD+0.02 (+0.77%)

Price History

Full chart

Market Stats

Previous Close2.59
Open2.57
Day Range2.52 – 2.62
52-Week Range1.86 – 3.05
Volume227.18K
Market Cap143.18M
P/E (TTM)0.00
Forward P/E0.00
EPS-1.68
Dividend Yield3.19%
Beta1.60
50-Day Avg2.69
200-Day Avg2.55

About

Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of mission-critical and corporate headquarters office buildings in high-quality suburban markets across the U.S. The portfolio is leased primarily on a single-tenant net lease basis to creditworthy tenants. The company's team of experienced industry leaders employs a proven, cycle-tested investment evaluation framework which serves as the lens through which capital allocation decisions are made for the current portfolio and future acquisitions.

Company Details

  • SectorReal Estate
  • IndustryREIT - Office
  • CEOMr. Paul H. McDowell J.D.
  • Employees37
  • Headquarters2325 East Camelback Road, Phoenix, AZ, United States, 85016, USA
  • Websitehttps://www.onlreit.com

Leadership

  • Mr. Paul H. McDowell J.D.CEO, President & Director · b. 1960
  • Mr. Gavin B. BrandonExecutive VP, CFO & Treasurer · b. 1976
  • Mr. Paul C. HughesGeneral Counsel & Secretary · b. 1967
  • Mr. Christopher Haviland DayCOO & Executive VP · b. 1978
  • Ms. Revea Lynn SchmidtChief Accounting Officer
  • Ms. Kristy LubeckChief Administrative Officer
  • Mr. Kieran McGeeSenior Vice President of Investments

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue54.66M53.47M53.47M79.73M208.12M195.04M164.86M147.65M
Growth (%)--2.19%+0.02%+49.10%+161.03%-6.28%-15.47%-10.44%
Cost of Revenue5.38M5.90M5.77M13.41M61.52M60.78M65.15M64.83M
Gross Profit49.28M47.57M47.70M66.32M146.60M134.26M99.71M82.82M
Gross Margin90.15%88.97%89.21%83.18%70.44%68.84%60.48%56.09%
Operating Expense31.15M28.97M28.00M47.75M147.28M127.83M120.91M84.98M
Operating Income18.13M18.60M19.70M18.57M-676.00K6.43M-21.20M-2.17M
Operating Margin33.17%34.79%36.85%23.29%-0.32%3.30%-12.86%-1.47%
EBITDA46.16M45.52M26.98M882.00K64.28M81.92M30.70M-48.76M
EBITDA Margin84.45%85.15%50.46%1.11%30.88%42.00%18.62%-33.02%
Net Income14.76M15.28M-1.90M-47.48M-97.49M-57.30M-103.01M-139.31M
Net Income Margin27.01%28.59%-3.55%-59.55%-46.85%-29.38%-62.48%-94.35%
R&D---0.590.470.29--
R&D as % of Total Revenue---0.00%0.00%0.00%--
Interest Expense3.37M3.32M2.93M4.27M30.17M29.67M32.64M31.51M
Interest Expense % of Total Revenue6.16%6.20%5.48%5.35%14.50%15.21%19.80%21.34%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-592.20M546.43M1.76B1.57B1.42B1.34B1.17B
Total Liabilities-84.20M49.31M671.19M595.22M536.93M571.17M545.99M
Total Equity-508.01M497.12M1.09B974.47M885.62M763.92M623.21M
Cash--029.32M20.64M22.47M15.60M22.36M
Total Debt-102.13M44.27M637.46M540.05M476.93M510.82M482.41M
Net Debt-70.14M44.27M608.14M519.41M454.46M495.22M460.04M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow42.01M39.99M42.33M56.11M114.23M89.09M54.26M23.58M
Investing Cash Flow-2.39M-536.00K-464.00K-12.26M22.48M5.29M-51.26M16.78M
Financing Cash Flow-49.56M-38.59M-41.67M-18.44M-110.72M-92.49M-3.02M-36.89M
Capital Expenditure2.39M536.00K464.00K9.92M11.62M18.44M22.58M51.69M
Free Cash Flow39.62M39.46M41.86M46.19M102.61M70.65M31.68M-28.12M
Dividends Paid48.64M37.62M8.99M587.16M16.99M22.58M22.36M8.97M
FCF to OCF94.31%98.66%98.90%82.33%89.82%79.30%58.39%-119.26%
Dividend Paid to FCF122.78%95.34%21.47%1271.12%16.56%31.96%70.56%-31.91%

Earnings

Report DateJun 30, 2021Jul 21, 2021Dec 2, 2021Mar 24, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Mar 8, 2023May 9, 2023Aug 9, 2023Nov 9, 2023Feb 27, 2024May 8, 2024Aug 8, 2024Nov 7, 2024Mar 5, 2025May 15, 2025Aug 6, 2025Nov 6, 2025Mar 5, 2026May 7, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate0.000.00-0.19-0.19-0.15-0.15-0.16-0.160.42-0.28-0.29-0.29-0.47----0.000.00-0.13-0.12-0.11-0.08
EPS Actual42.96-0.0330.46-1.02-0.12-0.13-0.94-0.330.45-0.28-0.29-0.29-0.47-0.60-0.18-0.59-0.17-0.45-1.23-0.07-0.060.20-
Surprise--16131.58%-436.84%20.00%13.33%-487.50%-106.25%7.14%0.00%0.00%0.07%-0.02%------49.00%50.00%281.82%-
Timing--Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours--After-hours-After-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap143.18M
Enterprise Value558.40M
Trailing P/E0.00
Forward P/E0.00
Price / Sales1.09
Price / Book0.22
EPS-1.68
Book Value11.09
Revenue (TTM)131.61M
Gross Profit (TTM)70.54M
EBITDA48.96M
Profit Margin-71.30%
Operating Margin9.87%
Return on Equity-13.76%
Return on Assets-0.22%
Shares Outstanding57.04M
Shares Float49.68M
Beta1.60
Dividend Yield3.19%
Dividend Rate0.08
Payout Ratio0.00%

Analyst Ratings

Hold
Based on 1 analystsTarget 3.50
  • Hold
    1

Ownership Breakdown

Institutions
74.10%
Insiders
7.75%
Retail / Other
18.15%

Top Institutional Holders

  • Private Management Group Inc
    5.40M9.46%
  • J. Goldman & Co LP
    2.62M4.59%
  • Vanguard Capital Management, LLC
    2.38M4.18%
  • Parkwood LLC
    1.94M3.40%
  • Renaissance Technologies Corp
    1.71M2.99%
  • BlackRock Inc
    1.44M2.53%
  • RBF LLC
    1.00M1.75%
  • Two Sigma Investments LLC
    708.07K1.24%
  • Jane Street Group LLC
    593.00K1.04%
  • Geode Capital Management, LLC
    590.89K1.04%
  • Dimensional Fund Advisors, Inc.
    498.14K0.87%
  • Marshall Wace Asset Management Ltd
    451.63K0.79%
  • Morgan Stanley - Brokerage Accounts
    358.84K0.63%
  • Charles Schwab Investment Management Inc
    315.34K0.55%
  • Vanguard Fiduciary Trust Co
    313.03K0.55%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.79M3.13%
  • iShares Russell 2000 ETF
    1.14M2.00%
  • Fidelity Small Cap Index
    595.27K1.04%
  • iShares Russell 2000 Value ETF
    496.92K0.87%
  • Vanguard Russell 2000 ETF
    309.89K0.54%

Dividends

20263×
0.02Sep 30, 20260.02Jun 30, 20260.02Mar 31, 2026
20254×
0.02Dec 31, 20250.02Sep 30, 20250.02Jun 30, 20250.02Mar 31, 2025
20244×
0.10Dec 31, 20240.10Sep 30, 20240.10Jun 28, 20240.10Mar 27, 2024
20234×
0.10Dec 28, 20230.10Sep 28, 20230.10Jun 29, 20230.10Mar 30, 2023
20224×
0.10Dec 29, 20220.10Sep 29, 20220.10Jun 29, 20220.10Mar 30, 2022