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)
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
8-K
Amendments to Articles of Incorporation or Bylaws
8 Sep 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
Orion Office REIT Inc. Announces Second Quarter 2023 Results
9 Aug 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 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
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Revenue | |||
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Operating income | |||
Operating margin | |||
Net income | |||
Net profit margin | |||
Cash on hand | |||
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) | 100.20 mm | 100.20 mm | 100.20 mm | 100.20 mm | 100.20 mm | 100.20 mm |
Cash burn (monthly) | (no burn) | (no burn) | 5.45 mm | 4.99 mm | (no burn) | (no burn) |
Cash used (since last report) | n/a | n/a | 36.10 mm | 33.05 mm | n/a | n/a |
Cash remaining | n/a | n/a | 64.10 mm | 67.15 mm | n/a | n/a |
Runway (months of cash) | n/a | n/a | 11.8 | 13.5 | n/a | n/a |
Institutional ownership, Q3 2023
81.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 258 |
Opened positions | 52 |
Closed positions | 46 |
Increased positions | 48 |
Reduced positions | 81 |
13F shares | Current |
---|---|
Total value | 219.91 bn |
Total shares | 45.33 mm |
Total puts | 34.30 k |
Total calls | 8.12 k |
Total put/call ratio | 4.2 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 5.71 mm | $29.74 bn |
BLK Blackrock | 4.66 mm | $24.30 bn |
Private Management | 4.60 mm | $23.98 bn |
Madison Avenue Partners | 3.50 mm | $18.24 bn |
MS Morgan Stanley | 3.47 mm | $18.08 bn |
Sanda Par Olof | 2.79 mm | $0.00 |
STT State Street | 1.84 mm | $9.76 bn |
BAC Bank Of America | 1.79 mm | $9.33 bn |
Millennium Management | 1.41 mm | $7.37 bn |
Geode Capital Management | 1.32 mm | $6.88 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Paul H Mcdowell | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 4,335 | 14.48 k | 307,120 |
22 Mar 24 | Christopher Haviland Day | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 989 | 3.30 k | 97,690.333 |
22 Mar 24 | Revea Lynn Schmidt | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 278 | 928.52 | 65,878 |
22 Mar 24 | Gavin Brandon | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 1,360 | 4.54 k | 131,832 |
22 Mar 24 | Gary E Landriau | Common Stock | Payment of exercise | Dispose F | No | No | 3.34 | 1,357 | 4.53 k | 93,801 |
News
Top 3 Real Estate Stocks Which Could Rescue Your Portfolio This Month
29 Feb 24
Commercial Real Estate Grapples With $1 Trillion Refinancing Tsunami In 2024, Over $200 Billion In Office Debt
28 Feb 24
Orion Office REIT Q4 2023 FFO $0.33 Misses $0.34 Estimate, Sales $43.55M Miss $47.30M Estimate
27 Feb 24
Earnings Scheduled For February 27, 2024
27 Feb 24
Press releases
Orion Office REIT Inc. Announces First Quarter 2024 Earnings Release and Webcast Dates
12 Apr 24
Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Results
27 Feb 24
Orion Office REIT Inc. Announces Tax Treatment of 2023 Dividends
25 Jan 24
Orion Office REIT Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release and Webcast Dates
23 Jan 24