a reit with a focused approach 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 profile
Ticker
ONL, ONL-MM
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Orion Office REIT LP • Orion Office REIT LP LLC • Orion Office REIT Services LLC • Orion TRS Inc. • Orion Office Systems LLC • CLF Sawdust Member LLC • Orion Sierra Vista AZ LLC • Orion El Centro CA LLC • Orion Redding CA LLC • Orion New Port Richey FL LLC ...
ONL stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
15 May 24
10-Q
2024 Q1
Quarterly report
8 May 24
8-K
Orion Office REIT Inc. Announces First Quarter 2024 Results
8 May 24
ARS
2023 FY
Annual report to shareholders
22 Mar 24
DEFA14A
Additional proxy soliciting materials
22 Mar 24
DEF 14A
Definitive proxy
22 Mar 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results
27 Feb 24
8-K
Orion Office REIT Inc. Announces Third Quarter 2023 Results
9 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
Transcripts
ONL
Earnings call transcript
2023 Q4
28 Feb 24
ONL
Earnings call transcript
2023 Q3
10 Nov 23
ONL
Earnings call transcript
2023 Q2
10 Aug 23
ONL
Earnings call transcript
2023 Q2
10 Aug 23
ONL
Earnings call transcript
2023 Q1
10 May 23
ONL
Earnings call transcript
2022 Q4
9 Mar 23
ONL
Earnings call transcript
2022 Q3
3 Nov 22
ONL
Earnings call transcript
2022 Q2
5 Aug 22
ONL
Earnings call transcript
2022 Q1
5 May 22
ONL
Earnings call transcript
2021 Q4
25 Mar 22
Latest ownership filings
SC 13G/A
Madison Avenue Partners, LP
24 Jul 24
SC 13G/A
MORGAN STANLEY
10 Jun 24
4
Gregory J. Whyte
17 May 24
4
Richard J Lieb
17 May 24
4
KATHLEEN ALLEN
17 May 24
4
REGINALD HAROLD GILYARD
17 May 24
4
Paul C Hughes
26 Mar 24
4
Gary E Landriau
26 Mar 24
4
Gavin Brandon
26 Mar 24
4
Revea Lynn Schmidt
26 Mar 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 58.64 mm | 58.64 mm | 58.64 mm | 58.64 mm | 58.64 mm | 58.64 mm |
Cash burn (monthly) | (no burn) | (no burn) | 8.72 mm | 6.19 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 33.70 mm | 23.94 mm | n/a | n/a |
Cash remaining | n/a | n/a | 24.94 mm | 34.71 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 2.9 | 5.6 | n/a | n/a |
Institutional ownership, Q1 2024
73.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 222 |
Opened positions | 71 |
Closed positions | 39 |
Increased positions | 25 |
Reduced positions | 62 |
13F shares | Current |
---|---|
Total value | 123.79 bn |
Total shares | 41.07 mm |
Total puts | 700.00 |
Total calls | 11.30 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 5.73 mm | $20.10 bn |
Private Management | 4.93 mm | $17.31 bn |
BLK Blackrock | 4.72 mm | $16.55 bn |
MS Morgan Stanley | 4.06 mm | $14.24 bn |
Sanda Par Olof | 3.35 mm | $0.00 |
Madison Avenue Partners | 2.62 mm | $9.19 bn |
STT State Street | 1.54 mm | $5.55 bn |
Renaissance Technologies | 1.46 mm | $5.13 mm |
Geode Capital Management | 1.46 mm | $5.13 bn |
BAC Bank Of America | 1.16 mm | $4.08 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 May 24 | Gilyard Reginald Harold | Common Stock | Grant | Acquire A | No | No | 0 | 33,422 | 0.00 | 69,647 |
15 May 24 | Allen Kathleen | Common Stock | Grant | Acquire A | No | No | 0 | 26,738 | 0.00 | 45,087 |
15 May 24 | Gregory J. Whyte | Common Stock | Grant | Acquire A | No | No | 0 | 26,738 | 0.00 | 54,908 |
15 May 24 | Lieb Richard J | Common Stock | Grant | Acquire A | No | No | 0 | 26,738 | 0.00 | 56,111 |
22 Mar 24 | Paul H Mcdowell | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 4,335 | 14.48 k | 307,120 |
News
JMP Securities Reiterates Market Perform on Orion Office REIT
11 Jun 24
US Home Prices Hit All-Time Highs, Fastest Growth Rate In A Year: 'We've Witnessed Records Repeatedly Break'
28 May 24
Orion Office REIT Q1 2024 FFO $0.36 Beats $0.29 Estimate, Sales $46.995M Beat $41.700M Estimate
8 May 24
US Home Prices Rocket In February For Strongest One-Month Increase In 2 Years: Real Estate Stocks React
30 Apr 24