Orion Office REIT Inc. | REIT Profile
Symbol: ONL
CIK: 1873923
Exchange: NYSE
Founded: 2021 (4 years)
HQ: Phoenix, AZ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Office
See ONL on Yahoo Finance
See ONL on SEC.gov
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Orion Office REIT specializes in the ownership, acquisition and management of a diversified portfolio of high quality office buildings in strong 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.
Stock Chart
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 4 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Previous Close | Volume | Change $ | Change % |
|---|---|---|---|---|---|---|---|
| $1.74 | $1.78 | $1.71 | $1.73 | $1.75 | 235,621 | -$0.01 | -0.57% |
Last update: 2025-04-29 12:58:53 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Dividend of Trading Day 2025-04-29
Annualized Dividend: $0.08*
Dividend Yield (TTM): 18.4%
Annualized Dividend (TTM): $0.32
Ex-Dividend Date: 2025-03-31
Dividend Date: 2025-04-15
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest REIT Press Releases
- Orion Office REIT Inc. Changes Name to Orion Properties and Reports Fourth Quarter and Full Year 2024 Results - Wed, 05 Mar 2025 21:23:52 UTC
- Orion Office REIT Inc. Announces Tax Treatment of 2024 Dividends - Mon, 27 Jan 2025 21:15:02 UTC
- Orion Office REIT Inc. Announces Third Quarter 2024 Results - Thu, 07 Nov 2024 21:15:21 UTC
- Orion Office REIT Inc. Announces Second Quarter 2024 Results - Thu, 08 Aug 2024 20:15:12 UTC
- Orion Office REIT Inc. Announces First Quarter 2024 Results - Wed, 08 May 2024 20:15:25 UTC
Key Stats of Trading Day 2025-04-29
EBITDA: $77,238,000
P/E Ratio: N/A
PEG Ratio: N/A
Book Value: 13.65
Dividend Per Share: $0.40
EPS: -1.84
Revenue Per Share TTM: $2.94
ProfitMargin: -62.80%
Operating Margin TTM: -7.10%
Return on Equity TTM: -12.50%
Revenue TTM: $164,122,000
Gross Profit TTM: $98,432,000
Diluted EPS TTM: $-1.84
Quarterly Earnings Growth YOY: N/A
Quarterly Revenue Growth YOY: -12.70%
Trailing P/E: N/A
Forward P/E: N/A
Beta: 1.34
Price to Book Ratio: 0.13
EV to Revenue: 3.60
EV to EBITDA: 19.32x
Shares Outstanding: 56,171,000
52 Week High: $4.21
52 Week Low: $1.46
50 Day Moving Average: $2.55
200 Day Moving Average: $3.61
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $20.73 per share you would have been able to buy 48 shares of ONL on 2024-04-30 costing $995.04 | @ $20.73 per share you would have been able to buy 24 shares of ONL on 2024-04-30 costing $497.52 | @ $20.73 per share you would have been able to buy 12 shares of ONL on 2024-04-30 costing $248.76 | @ $20.73 per share you would have been able to buy 4 shares of ONL on 2024-04-30 costing $82.92 | @ $20.73 per share you would have been able to buy 2 shares of ONL on 2024-04-30 costing $41.46 |
| Current worth | On 2024-07-05 these 48 shares would be worth $161.28 @ $3.36 | On 2024-07-05 these 24 shares would be worth $80.64 @ $3.36 | On 2024-07-05 these 12 shares would be worth $40.32 @ $3.36 | On 2024-07-05 these 4 shares would be worth $13.44 @ $3.36 | On 2024-07-05 these 2 shares would be worth $6.72 @ $3.36 |
| Dividends earned | $15.36 in dividends would have been earned since 2024-04-30 with 48 shares. | $8 in dividends would have been earned since 2024-04-30 with 24 shares. | $3.84 in dividends would have been earned since 2024-04-30 with 12 shares. | $1.28 in dividends would have been earned since 2024-04-30 with 4 shares. | $0.64 in dividends would have been earned since 2024-04-30 with 24 shares. |
| Net (gain / loss)* | -818.40 USD | -409.20 USD | -204.60 USD | -68.20 USD | -34.10 USD |
| ROI** | -82.25% | -82.25% | -82.25% | -82.25% | -82.25% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by ONL. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| ONL | 2025-03-31 | 0.020 | -80.00% | 2025-03-04 | 2025-03-31 | 2025-04-15 |
| ONL | 2024-12-31 | 0.100 | --- | 2024-11-07 | 2024-12-31 | 2025-01-15 |
| ONL | 2024-09-30 | 0.100 | --- | 2024-08-08 | 2024-09-30 | 2024-10-15 |
| ONL | 2024-06-28 | 0.100 | --- | 2024-05-07 | 2024-06-28 | 2024-07-15 |
| ONL | 2024-03-27 | 0.100 | --- | 2024-02-27 | 2024-03-29 | 2024-04-15 |
| ONL | 2023-12-28 | 0.100 | --- | 2023-11-09 | 2023-12-29 | 2024-01-16 |
| ONL | 2023-09-28 | 0.100 | --- | 2023-08-08 | 2023-09-29 | 2023-10-16 |
| ONL | 2023-06-29 | 0.100 | --- | 2023-05-08 | 2023-06-30 | 2023-07-17 |
| ONL | 2023-03-30 | 0.100 | --- | 2023-03-07 | 2023-03-31 | 2023-04-17 |
| ONL | 2022-12-29 | 0.100 | --- | 2022-11-01 | 2022-12-30 | 2023-01-17 |
| ONL | 2022-09-29 | 0.100 | --- | 2022-08-02 | 2022-09-30 | 2022-10-17 |
| ONL | 2022-06-29 | 0.100 | --- | 2022-05-04 | 2022-06-30 | 2022-07-15 |
| ONL | 2022-03-30 | 0.100 | --- | 2022-03-22 | 2022-03-31 | 2022-04-15 |
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
| Assets | 2024-12-31 | 2024-09-30 | QoQ |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents at Carrying Value | 15,600,000 | 16,564,000 | |
| Short-Term Investments | 0 | 0 | |
| Cash and Short Term Investments | 15,600,000 | 16,564,000 | |
| Current Net Receivables | 0 | 0 | |
| Inventory | 0 | 0 | |
| Other Current Assets | 53,374,000 | 38,280,000 | |
| Total Current Assets | 91,807,000 | 78,988,000 | 16.2% |
| Non-Current Assets | |||
| Property Plant Equipment | 0 | 0 | |
| Accumulated Depreciation Amortization PPE | 0 | 0 | |
| Long-Term Investments | 11,822,000 | 12,065,000 | |
| Investments | 0 | 0 | |
| Intangible Assets Excluding Goodwill | 95,944,000 | 101,501,000 | |
| Goodwill | 0 | 0 | |
| Intangible Assets | 95,944,000 | 101,501,000 | |
| Other Non-Current Assets | 0 | 0 | |
| Total Non-Current Assets | 1,244,615,000 | 1,289,883,000 | -3.5% |
| Total Assets | 1,336,422,000 | 1,368,871,000 | -2.4% |
| Liabilities | |||
| Current Liabilities | |||
| Current Accounts Payable | 0 | 0 | |
| Deferred Revenue | 0 | 0 | |
| Current Debt | 0 | 0 | |
| Short-Term Debt | 119,000,000 | 130,000,000 | |
| Current Long-Term Debt | 119,000,000 | 130,000,000 | |
| Short Long-Term Debt Total | 510,818,000 | 504,701,000 | |
| Other Current Liabilities | 36,059,000 | 36,719,000 | |
| Total Current Liabilities | 156,218,000 | 167,832,000 | -6.9% |
| Non-Current Liabilities | |||
| Long-Term Debt Noncurrent | 0 | 0 | |
| Long-Term Debt | 371,222,000 | 353,373,000 | |
| Capital Lease Obligations | 20,596,000 | 21,328,000 | |
| Other Non-Current Liabilities | 23,130,000 | 24,010,000 | |
| Total Non-Current Liabilities | 414,948,000 | 398,711,000 | |
| Total Liabilities | 571,166,000 | 566,543,000 | 0.8% |
| Shareholders' Equity | |||
| Common Stock | 56,000 | 56,000 | |
| Common Stock Shares Outstanding | 55,903,000 | 55,948,000 | |
| Treasury Stock | 0 | 0 | |
| Retained Earnings | -384,348,000 | -345,946,000 | |
| Total Shareholder Equity | 763,916,000 | 800,932,000 | -4.6% |
Amounts in USD ($)
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
| 2024-12-31 | 2024-09-30 | QoQ | |
|---|---|---|---|
| Total Revenue | 38,363,000 | 39,178,000 | -2.1% |
| - Cost of Revenue | 16,752,000 | 16,643,000 | |
| - Cost of Goods and Services Sold | 16,752,000 | 16,643,000 | |
| = Gross Profit | 21,611,000 | 22,535,000 | -4.1% |
| - Research and Development | 0 | 0 | |
| - Selling General and Administrative | 6,133,000 | 4,468,000 | |
| - Depreciation | 0 | 0 | |
| - Depreciation and Amortization | 17,789,000 | 19,913,000 | |
| - Operating Expenses | 23,922,000 | 24,486,000 | |
| = Operating Income | -2,311,000 | -1,951,000 | 18.5% |
| EBIT (Earnings Before Interest and Tax) | -24,491,000 | -1,961,000 | |
| + Investment Income Net | 0 | 0 | |
| + Net Interest Income | -8,263,000 | -8,170,000 | |
| - Interest Income | 0 | 0 | |
| - Interest Expense | 8,263,000 | 8,170,000 | |
| - Interest and Debt Expense | 0 | 0 | |
| + Non Interest Income | 0 | 0 | |
| + Other Non Operating Income | 0 | 0 | |
| = Income Before Tax | -32,754,000 | -10,293,000 | 218.2% |
| - Income Tax Expense | -12,000 | -76,000 | |
| = Net Income from Continuing Operations | -32,742,000 | -10,207,000 | |
| = Net Income | -32,762,000 | -10,217,000 | 220.7% |
| Comprehensive Income Net of Tax | 0 | 0 | |
| EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) | -6,702,000 | 17,952,000 |
Amounts in USD ($)
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
| Cash Flow | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 |
|---|---|---|---|---|
| Net Income | -26,232,000 | -16,168,000 | -16,519,000 | -15,730,000 |
| Depreciation | 24,504,000 | 26,055,000 | 27,013,000 | 27,877,000 |
| Changes in Receivables | 24,942,000 | 24,663,000 | 26,911,000 | 24,960,000 |
| Changes in Inventories | 0 | 0 | 0 | 0 |
| Cash Change | 23,618,000 | 22,473,000 | 32,286,000 | 42,209,000 |
| Cash Flow | 11,022,000 | 19,500,000 | 25,670,000 | 32,477,000 |
| Capital Expenditures | -4,412,000 | -5,696,000 | -6,002,000 | -3,606,000 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Activity (Other) | 0 | 0 | 0 | 0 |
| Total Investing Cash Flows | -3,751,000 | 2,137,000 | 8,300,000 | -2,681,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Net Borrowings | 445,410,000 | 446,383,000 | 495,397,000 | 485,300,000 |
| Cash Flow Financing | -5,826,000 | -64,635,000 | -10,682,000 | -11,329,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
Amounts in USD ($)
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| CIM Commercial Trust Corp (CMCT) | 5.7 | NASDAQ | Micro-Cap | Office Hotel Residential | United States |
| City Office REIT Inc (CIO) | 5.5 | NYSE | Micro-Cap | Office | United States |
| Equity Commonwealth (EQC) | N/A | NYSE | Micro-Cap | Office | United States |
| Franklin Street Properties Corp. (FSP) | 4.1 | NYSE | Micro-Cap | Office | United States |
| Generation Income Properties Inc. (GIPR) | 2.9 | NASDAQ | Micro-Cap | Retail Office Industrial | United States |
Last updated: 2025-04-30 - v6.0